ED conducts raids at Indiabulls Finance Centre

New Delhi [India], March 12: The Indian fasteners market continues to demonstrate strong momentum, having reached USD 11.2 billion in 2025 and is projected by the IMARC Group to surge to USD 17.0 billion by 2034, reflecting a robust CAGR of 4.67% during 2026-2034. This dynamic growth is fueled by the expansion of the automotive, construction, and industrial sectors, as well as increasing demand for high-performance, lightweight fasteners, and strategic government initiatives such as "Make in India." In this thriving context and to boost domestic manufacturing, Messe Stuttgart India has launched FASTNEX 2027 with its highly anticipated Signature Edition, set to take place from 8th to 10th February 2027 at the Bombay Exhibition Centre, Mumbai. The event stands as a crucial platform for industry professionals to showcase innovative products, access market intelligence, foster collaborations, and expand their business networks, ultimately contributing to the overall advancement of India's manufacturing sector.

Delhi is expected to witness another significant rise in electricity demand this summer. According to the State Load Despatch Centre (SLDC), last year, Delhi's peak power demand had clocked 8442 MW. This year, it is likely to cross 9000 MW. The expected peak of over 9000 MW represents an increase of over 300 per cent compared to the 2879 MW recorded in 2002. Current trends suggest that Delhi's peak power demand is likely to cross the 10,000 MW mark by 2028-2029.

If crude oil prices sustain above USD 100 per barrel in FY27, the Central government's annual additional expenditure could rise by Rs 3.6 lakh crore, according to a report by Elara Securities.

Mumbai (Maharashtra) [India], March 12: Signalling a strategic shift in how residential housing is planned for the future, Gajra Group has announced an investment of ₹300 crore to develop what it describes as First Automated Intelligent Homes (Ai Homes) with an estimated gross development value (GDV) of ₹5,00 crore.

Kuala Lumpur [Malaysia], March 12: As a strategic move to refresh and strengthen its core vision, Hong Leong Islamic Bank ("HLB Islamic" or the "Bank") is transitioning to a refreshed consumer-facing brand identity, now known as HLB Islamic, and a strengthened core proposition that approaches financial services not as a series of siloed products and transactions, but as total wealth stewardship through a Shariah-principle-guided life-cycle approach known as Hayat @ HLB Islamic. This evolution is rooted in the Bank's new philosophy, 'Timeless Principles Guiding Tomorrow's Wealth', introduced during its 20th anniversary last December to signal a new chapter in wealth stewardship.

New Delhi [India], March 12: Jaipur-based edtech venture CODE - Centre for Originality, Design & Expression (CODE Edu) launched its AI-powered creative learning platform EnCODE at the AI Impact Summit 2026 held at Bharat Mandapam, New Delhi, positioning the platform as a multidisciplinary education ecosystem designed to integrate creativity and cognitive learning into mainstream higher education.

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

Bengaluru (Karnataka) [India], March 12: Reflecting sustained demand for well-planned housing in Bengaluru's eastern corridor, Fortune Primero, a Bengaluru-based real estate developer with over three decades of experience in premium commercial real estate, has recorded ₹215 crore in pre-launch sales, with 172 homes booked within 48 hours for its residential development, 'Seven Sarjapur'.

Mumbai (Maharashtra) [India], March 11: JSB Homemakers is one of the established residential developers in the Naigaon-Virar corridor, with a consistent presence in the mid-segment housing market across the extended Mumbai Metropolitan Region. The company has now unveiled the sample flat of its latest residential development, Gokul Nakshatra, in Virar West, marking a key milestone under its ongoing "Life Ho Toh Aisi" campaign.

Mumbai (Maharashtra) [India], March 11: Lord's Mark Industries Limited has entered into a Technology Transfer Agreement with the Centre for Materials for Electronic Technology (CMET) to manufacture an AI-powered, radiation-free Breast Screening Wearable Device for early detection of breast cancer.