- Zypp Electric gears up for $200 million IPO, appoints bankers June 22, 2026Zypp Electric, a Gurugram-based EV logistics startup, is said to be in the process of closing a pre-IPO funding round for alisting in FY28.
- Telcos face setback as DoT proposes not to cut backhaul spectrum charges June 22, 2026The draft rules did not include commercial satellite internet services in the non-auction spectrum assignment framework, further delaying the commercial rollout of satellite internet services by Starlink, OneWeb, Jio Satellite and Amazon Leo.
- Post Mizuho deal, Avendus elevates Karan Sharma to lead investment banking June 22, 2026Karan Sharma's elevation as MD follows Mizuho's acquisition of a controlling stake in Avendus Capital, with CEO Gaurav Deepak stepping back from day-to-day oversight of investment banking franchise.
- Indian deep-tech to see funding surge amid sovereign push: Celesta’s Viswanathan June 22, 2026Sovereign investment avenues have gained prominence over the past 12 months amid rising geopolitical tensions. US government’s move to restrict access to Anthropic’s latest frontier models has sparked debate in India on the need to build domestic capabilities in AI, other critical technologies.
- SBI looks to monetise home loan pools to boost credit as deposits lag June 22, 2026As with other banks, SBI also has “quite a lot of illiquid assets”, such as a ₹10 trillion mortgage book, on its balance sheet which can be monetised, Chairman CS Setty says.
- India's 'fragmented' water management framework raises fiscal, credit risks: Moody's June 22, 2026India's water management system faces significant challenges, according to Moody's Ratings. A fragmented governance structure, heavily subsidized water prices, and slow reallocation across sectors are contributing to water shortages and potential fiscal strain. Growing demand from data centers further exacerbates industrial pressure. These issues, […]
- India seeks preferential access through trade deal with US, says trade minister Piyush Goyal June 22, 2026India's trade minister, Piyush Goyal, revealed on Monday that a trade agreement with the United States is experiencing delays. The primary hurdle, he explained, is the existing 50% tariff imposed on Indian goods. New Delhi is actively seeking preferential market access through this pact, a key objective for the nation's economic strategy.
- India likely won't export sugar for years as El Nino, ethanol squeeze supply June 22, 2026Once as a top sugar exporter, India is now anticipating a three-year stretch of significant export deficits, primarily driven by El Nino's adverse effects on cane cultivation. As ethanol demand rises, farmers are beginning to reassess their planting strategies, with some considering alternative crops. This shift might mark the first occasion in a decade […]
- Basmati prices may fall 5–10% as Strait of Hormuz closure hits exports June 21, 2026"After the interim (US-Iran) peace deal was announced, exporters started buying basmati rice in good quantities for shipment to the Middle East and prices surged 15-20%. But this sudden announcement will bring down prices," said Dev Garg, vice-president, Indian Rice Exporters Federation.
- Nearly 12 ships carrying fertiliser cross Strait of Hormuz June 21, 2026At the onset of the Iran war, eight urea, four diammonium phosphate (DAP), one ammonia and three sulphur vessels bound for India were stranded in the strait.
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