Sembcorp Green Hydrogen India and Bharat Petroleum Corporation Ltd (BPCL) have formed a 50:50 joint venture to develop renewable energy and green hydrogen projects across India. The partnership will focus on producing and selling green hydrogen, its derivatives, and green ammonia, while exploring emissions reduction technologies for port operations.
RBI OMO purchase:The RBIs second open market operation (OMO) in FY26 attracted bids worth 70,144 croreover three times the 20,000 crore on offerindicating robust demand as traders sought profit amid higher bond prices. Liquidity infusion may continue through FY26.
Indian banks face profitability pressures in the current fiscal year due to moderating credit growth and high deposit costs, ICRA reports. Net interest margins are expected to decline by 15-17 bps in FY26 with anticipated repo rate cuts. Credit growth is projected at 10.8% in FY26, while asset quality faces risks from unsecured loans.
Wind Creek Chicago Southland, which continues to gain ground as the states fastest-growing casino, is upping the ante Friday with the soft opening of its 255-room hotel.
