9 FINANCEOUTLOOKINDIAMAY, 2026WOW! MOMO PLANS TO RAISE RS 110 CR IN DEBT FUNDING FROM ANICUT CAPITALGOVT REASSESSES INDIA'S FY27 ECONOMIC OUTLOOK AMID GLOBAL HEADWINDSGOVT REVIVES IDBI BANK STAKE SALE; RS 80,000 CR DISINVESTMENT PUSHED ATTACHES RS 3,034 CR ASSETS IN RELIANCE ADAG PROBECLIMATE TECH STARTUP PRITHU SECURES RS 10 CR FROM TRANSITION VCBANDHAN BANK SHARES HIT 52-WEEK HIGH AFTER STRONG Q4 RESULTSQuick-service restaurant (QSR) chain Wow! Momo is set to raise Rs 110 crore (around $11.6 million) in debt funding from Anicut Capital, marking its first capital raise of 2026, according to regulatory filings.This comes shortly after the company secured an additional Rs 75 crore infusion from Singularity AMC in December 2025, indicating continued investor interest in the Gurugram-based climate tech startup Prithu has secured Rs 10 crore in a seed funding round led by Transition VC, marking a key step in scaling its carbon removal platform focused on nature-based solutions. The company had earlier raised Rs 38 lakh in an angel round backed by the Startup India Seed Fund and other investors.According to the company, the fresh capital will be deployed to expand its farmer network, strengthen its blockchain-powered monitoring, reporting and verification (MRV) systems, and secure long-term global carbon credit offtake agreements."We are combining regenerative agriculture, carbon removal, and blockchain-powered transparency to address India's soil carbon challenges while enabling farmers to participate in global climate markets," said co-founder and CEO Sunny Vaish. Bandhan Bank shares surged nearly 10% to a 52-week high of Rs 196.10 on April 29 after the lender reported strong Q4FY26 results, driven by sharply lower provisions and improving asset quality, even as margin pressures persisted. The rally reflects renewed investor confidence in the bank's balance sheet strength and recovery trajectory.Bandhan Bank reported a net profit of Rs 534.14 crore for the March quarter, marking a 68% year-on-year (YoY) increase from Rs 317.90 crore in Q4FY25. The sharp rise in profitability was largely supported by a significant decline in provisions and contingencies, which fell 46.3% YoY to Rs 677 crore. India's FY27 economic outlook is turning more cautious as the government reassesses growth expectations in the face of rising geopolitical tensions and surging energy prices.According to reports, the central government is internally reassessing its growth assumptions, with estimates likely to moderate toward the 6.3­6.5% range, if external pressures persist lower than earlier expectations outlined in the Economic Survey 2026, which pegged growth at 6.8­7.2%.The Government of India has revived the strategic disinvestment process of IDBI Bank, along with the stake held by Life Insurance Corporation of India (LIC), just a month after earlier bids were scrapped for falling significantly below the reserve price.According to reports, authorities have initiated a fresh valuation exercise, citing the bank's limited public float as a key hurdle in accurate price discovery. Officials are also evaluating whether to reopen the bidding process to new investors or continue with the existing bidders, even as the government aims to fast-track the sale to maintain global investor confidence and meet its fiscal targets. The Enforcement Directorate (ED) has provisionally attached assets worth Rs 3,034 crore as part of its ongoing money laundering investigation into companies linked to the Reliance Anil Ambani Group (RAAG), significantly intensifying scrutiny on the conglomerate's financial dealings.The action, carried out under the Prevention of Money Laundering Act, 2002 (PMLA), includes properties associated with Reliance Communications and Reliance Infrastructure. These comprise a premium residential flat in Mumbai's Usha Kiran building, a farmhouse in Khandala, land parcels in Sanand near Ahmedabad, and 7.71 crore shares of Reliance Infrastructure held through the RiseE Trust structure. fast-growing food brand.The company's board has approved the issuance of 1,100 non-convertible debentures (NCDs) with a face value of Rs 10 lakh each, aggregating to Rs 110 crore. The funding will be raised in three tranches, with Rs 60 crore already received, while the remaining amount is expected to be completed within six months.
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