Born at IIT, this battery tech targets a market China doesn't rule, yet

State-owned NBCC has secured four new contracts valued at Rs 501.45 crore. The company will construct 2,256 science laboratories for Rajasthan schools on a turnkey basis. NBCC also received a Rs 60.61-crore engineering contract from Bharat Electronics Limited. Power Finance Corporation awarded two CSR initiative contracts to NBCC for facilitation centres. These projects include construction work in Mizoram and Goa for educational purposes.

Indian companies' external commercial borrowings proposals saw a significant jump in May. Total filings reached USD 4.74 billion, a notable increase from April's figures. Prominent firms like Indian Railway Finance Corporation and NTPC filed substantial borrowing intentions. Kisetsu Saison Finance also submitted multiple proposals for on-lending purposes. Filings for rupee-denominated bonds also occurred, with Sahrudaya Health-Care filing proposals.

Truecaller's CEO Rishit Jhunjhunwala views TRAI's expanded jurisdiction as an encroachment on the IT Ministry's regulatory authority. He argues that compelling IT intermediaries to dictate user information infringes upon existing frameworks. This regulatory dispute centers on the labelling of calls from specific number series. Truecaller maintains that spammers exploit these numbers, violating TRAI's directives. The company advocates for collaborative solutions to enhance consumer protection and transparency.

The National Company Law Tribunal approved 78 resolution plans totaling Rs 5,517.66 crore. This marks the highest first quarter performance since the Insolvency and Bankruptcy Code's enactment. The tribunal has approved 1,628 plans involving over Rs 4.78 lakh crore to date. Currently, 349 applications for resolution plans remain pending before the tribunal. Appointments of Judicial and Technical Members have not occurred since January 2025.

India's oil-product shipments are projected to reach their highest level since September. Refiners are capitalizing on strong profit margins driven by global supply disruptions. Robust profit margins are a result of a Russian export ban and Middle East hostilities. Indian refiners are set to export approximately 1.4 million barrels daily in July. This volume represents a significant increase compared to the previous year and May.

Public sector banks earned higher insurance commissions in FY26, with most lenders reporting growth. Mutual fund distribution income showed mixed performance across various banks. State Bank of India led insurance commissions, with significant contributions from its subsidiary. Canara Bank and Bank of Baroda also reported insurance commission increases. However, Punjab National Bank and Union Bank of India experienced declines in some segments.

Over 10,000 trucks have gone off the roads in Rajasthan as transporters begin an indefinite strike against new regulations, including mandatory VLTD installation, permit issues and e-challans. The protest has disrupted freight operations and could affect the supply of essential goods if it continues.