HCL’s investment in Sarvam AI — a domestic large language model startup — is being seen as a validation of India’s potential to build competitive AI technology.
Year: 2026
India’s RBI Announces Sovereign Gold Bond Premature Redemption Schedule for July–September 2026
The Reserve Bank of India has released the schedule for early redemption windows covering several SGB tranches allowing investors to exit before maturity dates.
Sensex Ends Week at 77,097 Points as Geopolitical Relief and Rate Expectations Support Indian Markets
Indian equities closed the week with modest gains as progress in US-Iran diplomacy and expectations of stable RBI rates provided support to market sentiment.
Titan Company Revenues Climb to Over ₹75,000 Crore in FY26 as Jewelry and Global Expansion Drive Growth
The Tata-owned conglomerate added ₹25,000 crore in revenue in FY26 expanding beyond watches and jewelry into fragrances eyewear handbags and international markets.
India’s Manufacturing PMI Holds Above 53.9 — Indicating Continued Expansion in the Sector
India’s seasonally adjusted HSBC Manufacturing Purchasing Managers’ Index remains comfortably in expansion territory supported by strong order books and output.
RBI Allows Banks to Offer Loans Against Foreign Currency Deposits — New Lending Instrument
The Reserve Bank of India’s new directive enables commercial banks to extend credit using foreign currency deposits as collateral expanding liquidity options.
Goldman Sachs Forecasts India GDP Growth at 6.9% for 2026 Boosted by US-India Trade Deal
India’s economy is expected to outperform consensus estimates as the new US-India trade agreement reduces uncertainty and private investment gradually recovers.
Torrent Power Finalizes Acquisition of Nabha Power in Move That Consolidates India’s Private Power Sector
Torrent Power’s purchase of Nabha Power adds significant generation capacity and signals continued consolidation among India’s private electricity generation companies.
HCLTech Completes 10.46% Stake Purchase in Indian AI Startup Sarvam AI in Strategic Investment
HCL Technologies has taken a significant minority stake in Sarvam AI a leading Indian large language model startup positioning itself in the domestic AI race.
Kotak Mahindra Bank Shares Under Pressure as CEO Ashok Vaswani Confirms He Won’t Seek Reappointment
The announcement that Kotak’s CEO will step down after December 2026 raised questions about succession and strategic direction at one of India’s top private lenders.