India’s core infrastructure sector recorded a slowdown in growth to 2.3 percent in February, down from 3.4 percent in the same period last year, reflecting emerging pressures within key industrial segments. The deceleration was primarily driven by declines in crude oil, natural gas, and refinery output, which continue to weigh on overall performance. 

Wipro has introduced a next-generation AI-powered data centre solution aimed at enabling enterprises to transition from experimental artificial intelligence initiatives to full-scale deployment. Developed in collaboration with NVIDIA, the platform integrates advanced AI capabilities into core infrastructure, offering businesses a unified ecosystem for data management, analytics, and customer engagement. 

The initial public offering (IPO) of Central Mine Planning and Design Institute Ltd (CMPDIL), a subsidiary of Coal India, opened to a subdued response, achieving 7 percent subscription on its first day. The Rs 1,842 crore issue, priced in the band of Rs 163–Rs 172 per share, has attracted moderate participation across investor categories, with retail investors leading early demand. 

E-commerce giant Flipkart has unveiled a 105 percent bonus payout for eligible employees for 2025, reflecting robust business performance and sustained growth momentum. The payout, targeting employees up to the Senior Director level, will be disbursed in March, while senior leadership will receive bonuses following the completion of performance evaluations. 

The Reserve Bank of India (RBI) has announced an overnight variable rate repo (VRR) auction worth Rs 1 lakh crore, scheduled for March 23, as part of its ongoing liquidity management strategy. The move aims to address evolving liquidity conditions within the banking system by enabling banks to access short-term funds efficiently. The auction window will remain open for a limited duration, with funds set to be reversed the following day.

State-owned Bank of Baroda has introduced an innovative credit facility on the Unified Payments Interface (UPI), enabling members of women self-help groups (SHGs) to access instant overdrafts digitally. Linked to Prime Minister Jan Dhan Yojana accounts, the initiative allows eligible customers to avail up to Rs 5,000 without visiting a bank branch and use the credit seamlessly for merchant payments. 

HDFC Bank has taken decisive action by terminating three senior officials following compliance lapses at its Dubai International Financial Centre (DIFC) branch. The move comes in the wake of regulatory scrutiny over alleged mis-selling of complex financial instruments and deficiencies in client onboarding procedures. The development follows the recent resignation of the bank’s chairman, intensifying concerns around governance standards. 

India’s ambitious PM Gati Shakti initiative continues to gather momentum as key infrastructure projects undergo evaluation to enhance multimodal connectivity and logistics efficiency. The Network Planning Group (NPG) recently reviewed a range of rail, metro, and highway developments, ensuring alignment with integrated planning principles. These projects aim to reduce transit time, improve supply chain efficiency, and stimulate regional economic growth. 

Thomas Cook India has initiated a strategic restructuring by demerging its resort and resort management business into its wholly owned subsidiary, Sterling Holiday Resorts. The move is designed to streamline operations, unlock shareholder value, and pave the way for a potential standalone listing of the hospitality arm. 

The Reserve Bank of India (RBI) has levied a monetary penalty of Rs 31.8 lakh on Hongkong and Shanghai Banking Corporation (HSBC) for failing to comply with regulatory guidelines concerning inoperative accounts and unclaimed deposits. The action follows a statutory inspection based on the bank’s financial position as of March 31, 2025.