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The End of Reliance as We Know It?
Your daily bite of business & market news 🗞️
Jun 19, 2026
🗞️ Reliance Bets Big on a Post-Oil Future
Reliance Industries plans to convert all the oil it refines into chemicals and new materials over time, while creating an estimated 200,000 green jobs.
The move signals one of the most ambitious strategic shifts by an Indian corporate giant, as Reliance positions itself for a future driven by advanced materials, clean energy, and sustainable manufacturing.
💬 Expert Take — “This isn’t just an energy transition story. It’s a long-term bet on where industrial value creation will come from over the next two decades.”
🗞️ Energy Storage Market Could Grow Nearly 5x by 2032
India’s commercial and industrial energy storage market is projected to expand to 22.31 GWh by 2032.
As renewable energy adoption accelerates, storage infrastructure is becoming increasingly important for grid stability and uninterrupted power supply. The sector could emerge as a major investment theme within India’s energy transition.
💬 Expert Take — “Energy storage could become as important as renewable generation itself. The next phase of India’s energy story may be about batteries, not just solar panels.”
🗞️ Nykaa Targets $5 Billion GMV by FY30
Nykaa has set a target of reaching $5 billion in gross merchandise value by FY30.
The company expects growth to be driven by rising discretionary spending and expansion of its fashion business, reflecting confidence in India’s consumption story.
🗞️ Centre Targets 26,000 Km of Rural Roads
The government aims to build more than 26,000 km of rural roads during FY27.
The initiative is expected to improve rural connectivity, support economic activity, and strengthen infrastructure development across states.
🗞️ SBI Mutual Fund IPO Moves Closer
SBI Funds Management is reportedly preparing to file its RHP and announce an IPO price band in early July.
The listing could become one of the most closely watched capital market events in the asset management industry.
🗞️ HDFC Bank Chair Gets Extension
The RBI has extended Keki Mistry’s tenure as part-time chairman of HDFC Bank until September.
The move ensures leadership continuity at India’s largest private-sector bank.
🗞️ BRICS MSME Forum Debuts in Agra
The MSME Ministry hosted the first-ever BRICS MSME Forum in Agra.
The forum focused on improving collaboration, financing access, and growth opportunities for small businesses across BRICS nations.
📊 Market Update
📉 Sensex: 76,802.90 ▼ 607.08 (-0.78%)
📉 Nifty 50: 24,013.10 ▼ 154.90 (-0.64%)
🪙 Gold (per gram)
24K: ₹14,586 ▼ ₹365
22K: ₹13,370 ▼ ₹335
18K: ₹10,939 ▼ ₹274
🥈 Silver: ₹2,50,000/kg ▼ ₹10,000
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