Bank of Baroda (BoB), India’s second-largest state-run lender by assets, has successfully raised $400 million through the reissuance of its 5.3180% August 2031 U.S. dollar-denominated bonds at a yield of 5.3890%. This latest issuance makes BoB the second state-owned bank and the fifth issuer overall to cross the $1 billion threshold under the Reserve Bank…
India is driving Nestlé’s growth across emerging markets in Asia, Latin America and Africa and has emerged as the company’s highest-performing market in the first half of 2026, according to Nestlé CEO Philipp Navratil. Speaking at a media roundtable, Navratil said India is among the company’s top 10 markets globally and offers significant scope for…
State Bank of India (SBI) is confident of mobilising around $9–10 billion from non-resident Indians and foreign investors by the end of August, as the Reserve Bank of India’s concessional FCNR-B deposit swap window closes on August 31. SBI Chairman C S Setty said the mobilisation would come predominantly through deposits, with additional visibility for…
TVS Supply Chain Solutions (TVS SCS) and Japan-based Sankyu Inc have signed a memorandum of understanding (MoU) to explore collaboration across supply chain and engineering services. Under the initial agreement, Sankyu intends to acquire a 0.5 per cent stake in TVS SCS, subject to customary regulatory approvals. The partnership will focus on creating integrated solutions…
The Reserve Bank of India’s (RBI’s) special USD-INR forex swap facility has attracted a substantial $72.85 billion in total inflows as of August 21, 2026, according to recent data released by the central bank. Launched on June 8, 2026, the facility was structured to channel foreign currency into the domestic economy via three distinct channels:…
E-commerce marketplace Meesho expects to create more than one million seasonal job opportunities across its seller and logistics ecosystem during the upcoming festive season. The company estimates that around 650,000 jobs will be generated through its seller network, while another 375,000 roles will emerge across logistics operations. Nearly 130,000 sellers are expected to recruit temporary…
HDFC Bank is returning to the dollar bond market for the second time in two months, with plans to raise at least $1 billion through overseas debt issuance as Indian banks accelerate fundraising ahead of the Reserve Bank of India’s special foreign-exchange swap window closing on August 31. The lender plans to issue at least…
L&T Technology Services (LTTS), a subsidiary of Larsen & Toubro, has secured a contract worth more than $75 million from an international technology company. The five-year engagement will see LTTS deploy its Engineering Intelligence capabilities across the client’s end-to-end product development and engineering lifecycle. The scope includes product engineering, software development, testing and validation, sustenance…
ICICI Bank, India’s second-largest private sector lender, has raised $750 million through a five-year US dollar bond, taking its total dollar debt fundraising to $2.05 billion in about a month. The latest issue, raised through the bank’s International Financial Services Centre Banking Unit, was priced at a spread of 105 basis points over the five-year…
Tata Consultancy Services (TCS), India’s largest IT services company, has launched its agentic AI platform, TCS ADD™ AgentHub, aimed at scaling the use of artificial intelligence in drug development. According to the company, the platform is designed to transform clinical trials and pharmacovigilance services while maintaining regulatory and audit requirements. TCS said pharmaceutical companies face…
