Sensex, Nifty up 2%, Bank Nifty tops 56,800 amid softer crude and hopes of easing West Asia tensions

Sensex, Nifty up 2%, Bank Nifty tops 56,800 amid softer crude and hopes of easing West Asia tensions


Equity benchmarks rallied sharply on Friday as easing geopolitical tensions in West Asia, optimism surrounding a potential US-Iran peace deal, and a significant decline in crude oil prices boosted investor sentiment.

The BSE Sensex ended 1,695.40 points or 2.30 per cent higher at 75,527.95, while the Nifty 50 climbed 461.30 points or 1.99 per cent to close at 23,622.90.

Over the week, Sensex rose 1.7 per cent, and Nifty 50 was up 1 per cent.

Bank Nifty outperformed the broader market with a gain of nearly 3 per cent, ending at 56,814.80. The index rose 4.2 per cent this week.

The rupee strengthened during the session, supported by lower crude prices and improved global sentiment. Precious metals also moved higher.

According to Hariprasad K, SEBI-registered Research Analyst and Founder of Livelong Wealth, market sentiment was further supported by softer-than-expected US inflation data, which revived expectations of a more supportive global interest rate environment.

Banking, financials and realty lead gains

Broader markets outperformed, with the Midcap 100 and Smallcap 100 indices advancing 2.4 per cent and 2.8 per cent, respectively.

On the sectoral front, banking, financial and realty have witnessed strong buying due to improving liquidity management measures and macro stability.

Banking stocks led the gainers following RBI’s latest liquidity management measures aimed at stabilising foreign currency inflows and supporting institutions accessing overseas funds. Kotak Mahindra Bank, ICICI Bank, and HDFC Bank were among ⁠the top weekly gainers

IT extends losing streak

Nifty IT remained the only exception to the broader market rally and declined for the eighth consecutive session.

Continued concerns around global technology spending, AI disruption and uncertainty regarding US demand kept investors cautious towards export-oriented technology stocks.

Top Nifty 50 movers today: Shriram Finance, Bajaj Finance top gainers

Among the Nifty 50 constituents, Shriram Finance, Bajaj Finance, L&T, IndiGo and TMPV were the top gainers, while Nestle India, ONGC, Tech Mahindra and Tata Consumer Products were among the major laggards.

Market breadth remained firmly positive. Of the 4,422 stocks traded on the BSE, 3,222 advanced, 1,046 declined and 154 remained unchanged. A total of 102 stocks touched their 52-week highs, while 79 slipped to their 52-week lows. Additionally, eight stocks were locked in the upper circuit and six hit the lower circuit.

Midcap & smallcap movers

In the midcap segment, Ashok Leyland, LTF, Motilal OFS and HPCL surged 7-10 per cent. Oil India, Premier Energies, Coforge, Persistent Systems and Lenskart declined up to 2 per cent.

Among smallcaps, IFCI, Netweb, Inox Wind and Cholamandalam Holdings rallied 9-20 per cent, while Gland Pharma fell 2 per cent.

On the BSE, IFCI, Authum Investments and MTAR Tech were among the top movers. Cemindia Projects, Nestle India, Oil India, ONGC and Inox India declined 2-4 per cent.

Market outlook

Pravesh Gour, Senior Technical Analyst at Swastika Investmart, said the signs of progress in negotiations between the US and Iran have reduced geopolitical risk, improved global risk appetite and encouraged investors to move back into equities. “The resulting decline in crude oil prices is especially beneficial for India, as it helps ease inflationary pressures and improves the country’s macroeconomic outlook,” he said.

Vinod Nair, Head of Research at Geojit Investments, said India has faced challenges from US tariffs and the energy-driven shock, although conditions on both fronts have improved.

“The upcoming US Fed meeting is drawing heightened attention as markets assess the balance between growth and persistent inflation pressures. Strong domestic liquidity continues to provide an important buffer against recurring global macro shocks, helping absorb foreign outflows and stabilize market sentiment,” he said.

According to Nair, any moderation in FII selling or greater clarity on the US Federal Reserve’s policy trajectory could act as a catalyst for domestic capital and trigger a broad-based breakout in equities.

Dr Ravi Singh, Chief Research Officer at Master Capital Services, said markets may remain volatile due to global developments and economic data releases, but the overall undertone remains positive.

“Markets may continue to remain volatile because of global developments and economic data, but the overall undertone still looks positive as long as crude prices stay under control and institutional buying continues,” he said.

On the domestic front, the key monitorables will be India’s Consumer Price Index inflation data today and Wholesale Price Index inflation data next week, according to Siddhartha Khemka – Head of Research, Wealth Management, Motilal Oswal Financial Services.

Asian markets ended higher on Friday, tracking overnight gains on Wall Street, supported by enthusiasm surrounding SpaceX’s IPO debut. European markets traded higher as well.

Overnight, US markets rebounded sharply, with the Dow Jones, S&P 500 and Nasdaq rising 1.9 per cent, 1.8 per cent and 2.5 per cent, respectively, amid easing geopolitical concerns and optimism around SpaceX’s market debut.

FIIs offloaded equities worth ₹1,987.09 crore on Thursday, according to exchange data.

In previous session, Sensex closed 150.63 points lower at 73,832.55, and Nifty 50 edged lower by 53.35 points to 23,161.60.

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Published on June 12, 2026



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From Reels to risks: How scammers are turning videos into malware traps

From Reels to risks: How scammers are turning videos into malware traps



You are scrolling through Instagram when a video appears showing how to unlock Spotify Premium for free. The clip has a polished voiceover, simple step-by-step instructions, and more than 100,000 views. It looks no different from the countless tutorials users save and revisit every day. You follow the steps. Days later, your passwords, financial information, and stored credentials are in someone else’s hands.

 

That scenario is no longer hypothetical. Researchers at ReversingLabs recently uncovered two separate cybercrime campaigns operating through TikTok and Instagram Reels, using tutorial-style short videos to trick users into downloading malware or handing over sensitive information through malicious websites. The attacks succeed not because they are highly sophisticated, but because they feel familiar, carefully designed to blend into platforms users already trust.

 
 


At the centre of these campaigns is VidarStealer, a malware-as-a-service infostealer built to harvest passwords, browser data, cryptocurrency wallet information, and other credentials. With subscriptions reportedly starting at around $300, the tool has dramatically lowered the barrier to entry for cybercriminals, making large-scale social media scams easier and cheaper to launch than ever before.


How social media became a malware playground


Researchers at cybersecurity firm ReversingLabs (RL) have documented two social engineering attack techniques that target users through short-form videos, primarily on TikTok and Instagram Reels. The campaigns, which promise free access to paid software like Spotify Premium and Microsoft Word, represent a significant evolution in how phishing operates. Instead of phishing emails, cybercriminals are now hiding in plain sight on social media, blending their schemes into the creator content users trust and engage with daily.

 


People are already looking for scams in their email inboxes and text messages, but not as much on their social media feeds, especially when posts are framed as being helpful rather than carrying the urgency or sob stories associated with stereotypical phishing attempts.

 


That shift in framing is precisely what makes these campaigns effective. A tutorial about unlocking Spotify Premium looks, in every respect, like the thousands of legitimate life-hack videos that populate a user’s feed. There is no misspelled domain name in a subject line, no unfamiliar sender. There is just a video, and it looks like every other video.

 


Using social media is free and rewards frequent uploads. By using multiple platforms, accounts, and posts, attackers are able to access many users. The economics are attractive: no bulk email infrastructure, no cost per send, and a built-in recommendation engine willing to do the distribution work.


The growing role of social media as a search and discovery platform


Social media platforms are no longer just spaces for entertainment; they have quietly become the internet’s new search layer. Google itself has confirmed that over 40 percent of Gen Z prefer Instagram or TikTok over Google for search, while Google usage among Gen Z has dropped by nearly 25 percent compared to Gen X. According to GRIN’s report, The Power of Influence, Instagram now leads product discovery among Gen Z at 30.4 percent, followed by TikTok at 23.2 percent, with Google trailing at 18.8 percent. Users are not just passively scrolling; they are actively searching for software guides, tech fixes, and product recommendations through the feed.

 


This behavioural shift has created a significant opening for attackers. On TikTok, people do not just scroll for inspiration, but actively look for answers, whether finding a restaurant, a solution to a problem, or an honest product review, increasingly going straight to TikTok instead of Google.

 


The malicious campaigns documented by ReversingLabs are built precisely for this environment, using descriptions and tags to make content appear as legitimate customer support pages, positioning themselves directly in the path of users who are already looking for help. When the feed doubles as a search engine, a malicious tutorial is only one recommendation away.


Two campaigns, two playbooks


RL’s researchers identified two distinct approaches, each designed to game social media differently.

 


The first involves fake tutorial accounts built to impersonate legitimate tech support. The malicious accounts use usernames like “windows.tips” or “windows.insights” and the same blue and white profile picture, mirroring the colour palette of the official Windows social media account to establish credibility. The videos themselves are clean and professional, featuring what appear to be AI-generated voiceovers walking viewers through step-by-step instructions, for instance, how to access Windows PowerShell and run a command to supposedly unlock Spotify Premium for free.

 


A non-technical user would not know any better and may assume the tutorial is legitimate. Attackers rely on this lack of understanding. The command used will download scripts from a specified address, and some users may believe the domain is Microsoft-affiliated or otherwise trustworthy. What is actually downloaded is something else entirely.

 


The file delivered through the command is identified as VidarStealer, a popular infostealer malware-as-a-service (MaaS) offering that steals credentials, financial information, and tokens from victims. With an affordable $300 lifetime licence, it is a widely used tool by malicious actors, with usage documented across fake game cheats, malvertising campaigns, and more.

 


The second campaign takes a different approach. It relies on short videos set to trending music, showing off features of premium software with on-screen text claiming the user has unlocked them for free. The accounts behind these videos appear like regular users at first glance, but their profiles are typically filled with repetitive, near-identical clips promoting free access to services like Spotify Premium and similar tools.

 


These vague videos prompt users to ask questions in the comments, wondering how the poster managed to get free access. This curiosity plays directly into what the attacker wants. Some videos actively encourage viewers to comment with certain phrases, a strategy borrowed from non-malicious creators like recipe writers who use it to build engagement and foster an audience relationship. Once engagement builds, the attacker replies with directions pointing toward malicious download sites.


Why social media video is trusted more


The success of both campaigns is not accidental. It is rooted in how users relate to video content. What makes these videos dangerous is how clean and professional they are, creating a false sense of authority. Tutorials are frequently liked and saved, as users want to return to them. Saving is a valuable interaction for posts, causing the platform algorithm to push content to more users.

 


Users may also share tutorials, creating more engagement that content-serving algorithms favour. In one documented example, a video with over 100,000 views had nearly 200 more saves than likes, demonstrating how attackers are specifically targeting the more algorithmically valuable forms of engagement. Each save is a vote of confidence in the algorithm’s eyes and a further amplification of reach.

 

This is a deliberate strategy, not incidental. Attackers understand how platform recommendation systems work and produce content calibrated to exploit them. 


The role of AI in scaling attacks


Running a social media account is a very low-time-investment endeavour, and with AI voice and video generation, videos are becoming easier to mass-produce. Social media provides ample opportunities for attackers to access victims, and there will likely be increasing numbers of these accounts and videos in the coming years.

 


The ReversingLabs analysis found that at least some of these tutorial videos already use AI-generated voiceovers, giving them a polished quality that signals legitimacy to casual viewers. As AI generation tools become more accessible and cheaper, the barrier to producing convincing, high-volume campaigns drops further. What once required a professional setup — like clean graphics, a confident voice, and a plausible script — can now be assembled in minutes.

 


Tools such as ChatGPT, Gemini, Midjourney, Adobe Firefly, Runway, and ElevenLabs have dramatically lowered the barrier to content creation. What once required design skills, video-editing software, or professional voiceover equipment can now be produced in minutes using AI-generated images, videos, and audio. This accessibility is not only helping creators but also making it easier for cybercriminals to produce convincing scam content at scale.


Why platforms are struggling to respond


These techniques are difficult to defend against, like any social engineering method. Users who identify the malicious intent may try to warn others in the comments, but most platforms allow creators to delete comments and block commenters, so diligent attackers can suppress this resistance.

 


Reporting suspicious videos does not always lead to quick action. In their investigation, ReversingLabs researchers reported several scam-related posts on Instagram, but the platform rejected those reports. This highlights a broader challenge for social media companies: harmful content can remain online even after users flag it.

 


Part of the problem is that moderation systems do not always recognise these videos as dangerous. Even when a report is reviewed by a person, they may not have the cybersecurity expertise needed to understand how a seemingly harmless tutorial could be directing users to malware or phishing websites. As a result, scam videos can continue to spread and attract victims before they are eventually removed, if they are removed at all.

 


Even when a social media video or account is taken down, it is likely only after it has amassed a large number of views, and threat actors can easily start anew.

 


The structural mismatch between how fast bad content spreads and how slowly platforms respond creates a window that attackers are actively exploiting.

 


Removing a scam video or banning an account does not necessarily solve the problem. By the time platforms take action, the content may have already reached thousands or even millions of users. In many cases, attackers have already achieved their goal of spreading malware or collecting personal information.

 


What makes the issue even harder to tackle is how quickly cybercriminals can create new accounts and upload fresh content. While harmful videos can spread within hours, platform moderation and review processes often take much longer. This gap between the speed of attackers and the speed of enforcement allows cybercriminals to continue targeting users and expanding their reach.


What platforms and users can do to stay protected


Social media scams are becoming harder to spot because they often look like ordinary tutorials or product recommendations. As attackers adapt their tactics, both users and organisations need to broaden their approach to online safety.

 


Recommended precautions


  • Audit software installation permissions

  • Update phishing awareness training

  • Treat social media as a phishing vector

  • Report suspicious videos and accounts

  • Be cautious of “free premium software” claims


One of the key defences against this kind of attack is to regularly audit permissions, ensuring people with installation privileges understand what they are installing. Most examples described in the analysis involve leisure software, but some promise access to professional software, which employees may deem useful enough to attempt to install on work devices.

 


Phishing training also needs to be maintained and kept up to date so people are aware of the evolving threat landscape. Organisations must broaden their awareness of a variety of vectors and focus on more than just the typical avenues of phishing.

 


Users are encouraged to report suspicious social media advice even when using personal social media on personal devices. The more reports filed, the more likely it is that accounts are taken down, which does slow down the momentum of attackers.


The unfortunate reality is that these techniques work. Videos are reaching hundreds of thousands of views, thousands of saves, likes, and shares, and hundreds of comments. These are hugely influential on how well content performs, and these techniques leverage that priority. The threat, in other words, is not theoretical. It is already reaching a very large audience — one scroll at a time.



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Australian Open 2026: PV Sindhu overcomes Chen Su-yu, sets up semi-final clash with Akane Yamaguchi

Australian Open 2026: PV Sindhu overcomes Chen Su-yu, sets up semi-final clash with Akane Yamaguchi


World No. 10 PV Sindhu booked her place in the semifinals of the Australian Open 2026 with a dominant victory over Chinese Taipei’s Chen Su Yu in the quarter-finals at the Quaycentre in Sydney on Friday, May 12.

In a match lasting just 27 minutes, the third-seeded Indian controlled both games from the beginning to seal a 21-6, 21-9 victory. The result marks Sindhu’s second semifinal appearance of the season, having previously reached the last four at the Malaysia Open 2026, the BWF Super 500 tournament.

ALSO READ: FIFA World Cup 2026 Golden Ball contenders: Lamine Yamal, Harry Kane, Kylian Mbappe and more; check all top names

 


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Stage Set For Another PV Sindhu vs Akane Yamaguchi Battle

An interesting semifinal awaits Sindhu as the two-time Olympic medallist takes on top seed and three-time world champion Akane Yamaguchi, who advanced to the last four with a 21-14, 21-14 victory over India’s Tanvi Sharma in 32 minutes.

The upcoming clash will be the 29th meeting between the two, with Sindhu holding a 15-13 advantage over Yamaguchi in their head-to-head record. However, the Japanese has won four of their last five encounters.

Their most recent meeting came at the Thailand Open last month, where Sindhu came agonisingly close to victory. The Indian shuttler took the opening game and led by four points at the second mid-game interval in the second game, but Yamaguchi staged a strong comeback to prevail 19-21, 21-18, 21-15.

Notably, one of Sindhu’s most iconic wins against Yamaguchi came in the Tokyo 2020 quarter-finals, paving the way for her to clinch a second consecutive Olympic medal.

Sindhu is chasing her first BWF World Tour title since lifting the Syed Modi International crown in Lucknow in 2024.

ALSO READ: Explained: Why England’s Djed Spence will wear protective mask at FIFA World Cup 2026

 

India’s Challenge Ends In Men’s Doubles

Meanwhile, India’s challenge in the men’s doubles events came to an end on Friday after MR Arjun and Hariharan Amsakarunan retired from their quarter-final against Chinese Taipei’s Chen Cheng Kuan and Liu Kuang-Heng.

The Indians had narrowly lost the opening game 21-19 and were trailing 16-9 in the second when they withdrew. 



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India leads digital wallet downloads as homegrown apps dominate globally

India leads digital wallet downloads as homegrown apps dominate globally



India has emerged as the world’s largest market for digital wallet app downloads in CY 2025, according to Sensor Tower’s App Performance Insights: Digital Payments and Mobile Wallets report.

 

The country accounted for over 440 million digital wallet app downloads during the year, cementing its lead over all other global markets. This scale has also pushed local players such as PhonePe and Paytm onto the global stage, with PhonePe emerging as the most-downloaded digital wallet app globally in 2025. Government-backed BHIM also featured among the top five most downloaded wallet apps in India.


Where does India stand


According to Sensor Tower, digital wallets and peer-to-peer payment apps collectively crossed 1.8 billion downloads globally in CY 2025, growing 3 per cent year-on-year. Of this, India alone contributed over 440 million downloads.

 
 


This is not an isolated spike. Sensor Tower data shows that India ranked first in global digital wallet downloads in both 2023 and 2024 as well.

 


However, downloads declined by 12 per cent in CY 2025 compared to CY 2024. This came after a sharp 14 per cent jump in 2024 over 2023.

 


The broader APAC (Asia-Pacific) region followed a similar trajectory — strong expansion in 2024 followed by moderation in 2025. The report notes that growth in high-adoption markets is beginning to stabilise after years of rapid onboarding, signalling a shift from user acquisition to engagement and monetisation.

 


This transition becomes clearer when seen alongside India’s underlying payments infrastructure.


The UPI effect


India’s digital wallet growth is closely tied to the rise of the Unified Payments Interface (UPI), which has become the backbone of the country’s digital payments ecosystem. Unlike many global markets where wallets operate as standalone products, Indian wallet apps are effectively front-ends to UPI, enabling everything from peer-to-peer transfers to merchant payments through a single interoperable rail.

 


This underlying infrastructure is critical to understanding current trends.

 


According to the India Digital Wallet Market Report and Forecast 2026–2035 by Expert Market Research, UPI processed 228.5 billion transactions in 2025, marking a 33 per cent year-on-year increase, with total transaction value reaching ₹299.7 trillion.

 


This is the key context.

 


Even as app downloads moderate, transaction volumes and value continue to surge, indicating that existing users are transacting more frequently and across more use cases.

 


Separately, the same report pegs India’s digital wallet market at $20.1 billion in 2025, with projections to reach $75.8 billion by 2035, growing at a CAGR of 14.2 per cent.


From downloads to daily habit


If downloads tell one part of the story, engagement tells another.

 


Sensor Tower data shows that users in India opened digital wallet apps nearly five times per day on average — significantly higher than global benchmarks. Indonesia ranked second at around 3.75 daily opens, while in markets such as the US, usage was closer to 2.5 times per day.


This points to a structural behavioural shift. Digital payments in India are no longer episodic, they are embedded into daily routines.

 


The contrast with banking apps is telling. Indian users engage with banking apps just over 2.5 times per day on average, nearly half the frequency of wallet apps.

 


In markets like the US, the gap between banking and wallet engagement is far narrower. In Indonesia, banking apps even outperform wallets in engagement.


A young user base shaping the market


Demographically, this shift is being driven by younger users.

 


Around 45 per cent of digital wallet users in India fall in the 25-34 age bracket, while another 25 per cent are aged 18-24, according to Sensor Tower’s audience insights.

 


This makes India structurally different from markets like Japan or South Korea, where adoption is more evenly distributed across age groups.

 


In India, digital wallets are being shaped by a younger, mobile-first generation, which is more likely to adopt new financial behaviours, including embedded finance and credit products.


Which apps are leading


Indian digital wallet platform PhonePe was the most downloaded digital wallet app in India during CY 2025, followed by Paytm. Google Pay ranked third, while the government-backed BHIM app came in fifth. Other players such as Super.money and FamApp rounded out the top six.

 


The dominance of Indian players is not limited to the domestic market. PhonePe emerged as the most downloaded digital wallet app globally in CY 2025, with Paytm also featuring among the top three.

 


However, downloads only tell part of the story.

 


The market is far more concentrated when viewed through actual usage. Google Pay and PhonePe together accounted for over 80 per cent of UPI transactions in the first half of CY 2025, according to a Rest of World report.

 


This concentration creates a high barrier to entry — one that even platforms with massive user bases have struggled to overcome.


Why WhatsApp Pay couldn’t convert scale into usage


On paper, WhatsApp Pay should have been a disruptor.

 


With over 500 million users in India, it had a distribution network that no fintech player could match. In practice, however, it has barely made a dent in the market.


A mix of regulatory constraints and strategic underinvestment slowed its momentum early. For years, WhatsApp Pay operated under user caps imposed by the National Payments Corporation of India (NPCI), allowing incumbents to consolidate their lead. Even after those restrictions were lifted, adoption remained limited.

 


Between December 2024 and May 2025, WhatsApp Pay added just over 12 million transactions, while rivals Google Pay and PhonePe added nearly 700 million and 500 million, respectively, according to a Rest of World report.

 


The reasons extend beyond regulation.

 


WhatsApp treated payments as an add-on feature rather than a core product, with limited incentives and minimal marketing. In a market where cashbacks, rewards, and ecosystem depth drive engagement, that approach proved insufficient.

 


More importantly, India’s digital wallet ecosystem has evolved beyond standalone apps into what are effectively financial super apps. Platforms such as PhonePe and Paytm combine payments with credit, insurance, investments, and commerce, making them the default financial interface for users.


Apple Pay’s entry could test a different playbook


Against this backdrop, Apple Pay is expected to enter India by the end of 2026.

 


The service, which allows users to store cards and make contactless payments via NFC, has seen success in several global markets. However, its prospects in India are shaped by very different structural dynamics.

 


Apple Pay is also expected to integrate UPI, which could allow it to participate in India’s dominant payments infrastructure. Even so, its reliance on Apple devices means its addressable market remains narrower in a country dominated by Android smartphones.

 


That said, Apple Pay could still find traction in premium urban segments, particularly as contactless payments and card tokenisation gain ground. Even with expected UPI integration, challenging the dominance of PhonePe, Google Pay, and Paytm — which are deeply embedded in user habits, merchant networks, and everyday transactions — will be significantly more difficult.



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Chhattisgarh attracts Rs 9,580 crore investment proposals in Hyderabad, set to generate 7,800 jobs

Chhattisgarh attracts Rs 9,580 crore investment proposals in Hyderabad, set to generate 7,800 jobs


Chhattisgarh Chief Minister Vishnu Deo Sai said the state is emerging as a preferred investment destination with investor-friendly policies, strong infrastructure and streamlined approvals. (file photo)
| Photo Credit:
ANI

The Chhattisgarh Government received investment proposals worth ₹9,580 crore across high-growth sectors in the State Investors Connect organised here on Friday.

The proposed investments were across industries, including data centres, semiconductors and GPU architecture, solar energy equipment, textiles, and pharmaceuticals, according to Vishnu Deo Sai, the Chhattisgarh Chief Minister, who participated in the Connect.

Seven major organisations submitted proposals that are expected to generate around 7,800 direct jobs, underscoring growing investor confidence in the state’s industrial ecosystem and policy framework. The Chief Minister also handed over an “Invitation to invest letter” to prospective investors as part of the State Government’s efforts to position the State as a preferred destination for technology-led and manufacturing investments.

Data centre, cement and semiconductor sectors draw major investments

The largest investment proposal came from Hypernext Data Centre, which expressed its intent to invest ₹4,200 crore to establish a modern data centre in Chhattisgarh, expected to generate approximately 250 jobs.

Feegrade and Company had proposed an investment of ₹2,912 crore in the cement sector, with the potential to create around 4,000 jobs.

Nivai Labs had shown interest in investing ₹1,000 crore in the semiconductor and GPU infrastructure sector. This investment, involving cutting-edge technology, will help integrate the state into the emerging digital and electronics economy and create approximately 200 jobs.

Solar, textile, pharma and dairy sectors also see investment interest

SG Mart, a manufacturer of solar energy equipment, has proposed an investment of Rs 700 crore. which is expected to provide employment to about 450 people.

Saravana Mills had intended to invest ₹528 crore in the textile industry. This project could create approximately 2,500 jobs. Kabra Drugs and Dinshaw’s Dairy Foods proposed investments of ₹200 crore and ₹40 crore, respectively.

Chhattisgarh aims to become preferred investment destination

Speaking at the Connect, Vishnu Deo Sai said Chhattisgarh was emerging as a preferred investment destination, supported by “streamlined approvals, a robust single-window system, strong infrastructure and industry-friendly policies.’’

Inviting Hyderabad-based companies, particularly in the IT, pharmaceutical and logistics sectors, to invest in the state, the Chief Minister said the State Government would extend policy support and a business-friendly environment.

“Hyderabad’s journey from an emerging IT destination to a global technology and innovation hub is inspiring. Chhattisgarh is working on a similar roadmap, and we are already witnessing encouraging results in sectors such as IT, manufacturing and services,” Sai said

Chhattisgarh was emerging as a leader in green steel production and had so far received investment proposals worth ₹3.5 lakh crore in the energy sector, he added.

Published on June 12, 2026



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