Larsen & Toubro is positioning nuclear energy as a core growth vertical, with senior executive Anil V Parab projecting revenues to triple within five years as India accelerates its civilian nuclear build-out. The company's heavy engineering and manufacturing division has been embedded in India's nuclear programme since its earliest stages, contributing to technology development, component manufacturing, and localisation of supply chains. India currently operates approximately 8.8 GW of nuclear capacity, and the government has set a target of reaching 100 GW by 2047, implying a roughly 11-fold capacity expansion over two decades. L&T intends to serve as a primary industrial supplier across that buildout, leveraging its existing position in the domestic nuclear supply chain. The revenue tripling projection signals management confidence that order flow from new reactor construction and component contracts will materially re-rate the segment. Execution risk hinges on the pace of government project sanctions, reactor approvals, and capital allocation toward nuclear relative to competing clean energy priorities.
HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.
Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.
Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
