Editorial     

Monster of inflation raises its head again

The ordinary Indian seems to be caught between the proverbial Devil and the Deep Sea. Even as geopolitical tensions continue on account of the unresolved US- Iran face-off, mainly over the Strait of Hormuz, rival powerplay marks the Indian political scene. This unfortunate combo is hurting the Indian economy as well as the happiness of the common man.

India’s annual retail inflation rate based on the Consumer Price Index (CPI) stood at 4.38 per cent in June 2026, marking an acceleration from the 3.93 per cent recorded a month earlier in May 2026.

written by

Deven Malkan

Cover story     

Reliance: Spotlight on new Ambanis

India’s legendary corporate success story, Reliance Industries, was the brainchild of Dhirubhai Ambani and was further nurtured to superstar status by Dhirubhai’s son Mukesh. Now, the RIL baton is being passed on to Ambani next-gen – Isha, Anant and Akash.

In Focus     

Reimaging Education: Beyond marks, towards meaningful learning

For decades, India’s education system has been largely driven by examinations, grades and academic rankings. The I-WIN framework seeks to bridge the gap between traditional education and future employability.

Banking & Finance     

State Bank of India: Predicts double-digit credit growth

SBI Chairman Challa Sreenivasulu Setty has retained a 13-15 per cent credit growth projection for FY 27, with the corporate credit pipeline being strong at Rs 5.50 lakh crore and likely demand for loans up at Rs 80,000 crore from MSMEs and the aviation sector.

Corporate Development         

Tata Communications: Boost to its subsea digital presence

Tata Communications has announced strategic investments in subsea cable infrastructure to strengthen connectivity between the emerging AI hubs of Mumbai & Chennai in India and Singapore, Asia’s leading cloud and AI ecosystem.

Lloyds Engineering Works targets Rs 10,000 cr revenue by FY 29

LEWL, an NSE and BSE listed engineering and EPC company, has announced the acquisition of Steel Infra Solutions Company Ltd (SISCOL), with an excellent track record of completing 187 projects across 22 states.

Portfolio Choice         

Amber Enterprises: Brain power for consumer companies

Amber Enterprises is a backward integrated and diversified B2B solutions provider across three major business segments – electronics consumer durables (EMS), railway sub-systems and defence, and is the undisputed market leader in the RAC segment.

KRBL: Loses Basmati crown, but still pole player

KRBL Ltd, the world’s leading Basmati rice producer and rice miller with its flagship brand ‘India Gate’, has ceded the numero uno position to LT Foods, but remains a formidable global player.

Nelcast: One-stop castings shop for top OEMs

Nelcast is a leading castings and forging sector company with over four decades of undisputed manufacturing leadership in iron castings, serving OEMs like Tata Motors, Ashok Leyland and Daimler.

Primary Market     

200-cr. Rights issue to finance expansion, debt reduction, solar project

Sumeet Industries Limited, one of the leading integrated polyester manufacturers, is coming out with a Rights Issue to raise Rs 199.75 crore to fund the acquisition of a new Polyester Chips plant, debt reduction and a captive solar power facility.

Stock Watch     

Avantel: Cutting-edge vendor for space, defence

Based at Hyderabad, Avantel is a fully integrated company in the space, aerospace and defence domains, designing and manufacturing mission-critical hardware, communication systems and electronic infrastructure for the Indian Navy, ISRO, DRDO and more.

News and Events     

Investor Relations Awards: ‘Markets grow on investor confidence’

Investor confidence is the pivot around which capital markets grow and flourish, said Anand Mannava, Chairman, Investor Relations Society, at the Investor Relations Awards conference held at the National Stock Exchange recently.

July 15, 2026 - First Issue

Industry Review

VOL XVII - 10
July 01-15, 2026

Formerly Fortune India Managing Editor Deven Malkan Assistant Editor A.K. Batha President Bhupendra Shah Circulation Executive Warren Sequeira Art Director Prakash S. Acharekar Graphic Designer Madhukar Thakur Investment Analysis CI Research Bureau Anvicon Research DD Research Bureau Manager (Special Projects) Bhagwan Bhosale Editorial Associates New Delhi Ranjana Arora Bureau Chief Kolkata Anirbahn Chawdhory Gujarat Pranav Brahmbhatt Bureau Cheif Mobile: 098251-49108 Bangalore Jaya Padmanabhan Bureau Chief Chennai S Gururajan Bureau Chief (Tamil Nadu) Ludhiana Ajitkumar Vijh Bhubaneshwar Braja Bandhu Behera

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