Finance veteran Uday Kotak has emphasized the need for India to reduce its reliance on foreign capital and strengthen domestic sources of long-term risk funding to achieve genuine economic self-reliance. Speaking at a Confederation of Indian Industry (CII) event, he argued that true independence comes when a country does not depend on external financial power or capital flows. He linked this idea to broader national economic behavior, referencing Prime Minister Narendra Modi’s call to promote domestic spending.

Brookfield India Real Estate Trust reported a robust financial performance for the March quarter, with net operating income rising 52% year-on-year to Rs 742.9 crore, reflecting strong underlying asset performance and improved leasing momentum. For the full fiscal year, net operating income climbed to Rs 2,291.3 crore, compared to Rs 1,854 crore in the previous year. The board also approved a distribution of Rs 456.43 crore, equivalent to Rs 5.50 per unit, for the quarter ended March 31, 2026.

Indian Hotels Company Limited reported a strong fourth-quarter performance, with consolidated net profit rising 14.71% year-on-year to Rs 645.43 crore for the quarter ended March. The company had posted a profit of Rs 562.66 crore in the corresponding period last year, reflecting improved operational momentum. Revenue from operations increased to Rs 2,765.29 crore, supported by robust demand in the hospitality segment. However, total expenses also climbed to Rs 2,014.91 crore, indicating continued cost pressures.

Canara Bank reported a decline in its financial performance for the fourth quarter, with consolidated net profit falling 9.88% year-on-year to Rs 4,574.23 crore, compared to Rs 5,070.19 crore in the same period last year. The downturn was primarily driven by weaker non-interest income, despite a modest improvement in core earnings. On a standalone basis, net profit also declined 9.94% to Rs 4,505.57 crore. However, the bank’s net interest income rose 3.88% to Rs 9,808 crore, indicating stable lending activity.

India’s power generation sector is witnessing accelerated operational growth, driven by rising electricity demand, expanding renewable energy deployment, and stronger thermal generation output. The latest operational data shows total installed capacity reaching 13,454 MW, with renewable energy accounting for 7,796 MW, or 58 per cent of the portfolio, while thermal assets contribute 5,658 MW. The company’s total locked-in generation capacity has now climbed to 32.1 GW, underlining its long-term expansion ambitions.

Embraer has signed a supply agreement with Bharat Forge for the procurement of forged raw materials, marking a significant step in deepening industrial collaboration between global aerospace manufacturers and India’s advanced engineering sector. The agreement represents Embraer’s first supply contract with an Indian company and reflects the Brazilian aerospace major’s broader commitment to strengthening India’s aerospace manufacturing ecosystem.

India’s mutual fund industry witnessed a moderation in investor inflows during April, with equity-oriented schemes attracting net investments of Rs. 38,440 crore, according to data released by Association of Mutual Funds in India. The figure represents a 5 per cent decline compared with the previous month, signaling a cautious shift in retail investor sentiment amid evolving market conditions. Systematic Investment Plan contributions also softened, falling to Rs. 31,115 crore from Rs. 32,087 crore recorded in March.

Securities and Exchange Board of India has proposed a new green-channel framework named GARUDA to significantly reduce the approval timeline for alternative investment fund launches, signaling a broader push toward improving efficiency within India’s private capital ecosystem. Under the proposed mechanism, Alternative Investment Funds could launch schemes within 10 working days of filing placement memorandums, compared with the existing timeline of approximately 30 days.

Bank of Baroda has outlined ambitious corporate lending plans for FY27, targeting a 10 per cent expansion in its Rs. 4.56 lakh crore corporate loan portfolio while maintaining a pipeline of approximately Rs. 50,000 crore in prospective large-ticket financing opportunities. The strategy comes amid broader market concerns regarding subdued private sector capital expenditure in India. However, Managing Director and Chief Executive Debadatta Chand indicated that strong demand for term loans suggests investment activity remains active across several sectors.

Canara Bank reported a 10 per cent year-on-year decline in standalone net profit for the March quarter, reflecting pressure on earnings despite continued growth in core banking operations. The Bengaluru-based lender posted a net profit of Rs. 4,506 crore for the January-March 2026 period, compared with Rs. 5,002.66 crore in the corresponding quarter of the previous fiscal year. The bank’s total income also registered a modest decline, although net interest income rose nearly 4 per cent during the quarter.