Shares of Suzlon Energy jumped 8% on Monday after the Ministry of New and Renewable Energy (MNRE) issued a draft notification mandating local procurement of key components used in wind turbine manufacturing. The move aims to boost domestic production and reduce reliance on foreign suppliers, particularly Chinese manufacturers. Government’s New Policy The MNRE’s Revised List…
The Government of India has issued a clarification regarding the Goods and Services Tax (GST) applicable to UPI (Unified Payments Interface) transactions. In response to growing concerns, the Finance Ministry has confirmed that UPI payments for transactions above Rs 2,000 will not be subject to GST. The clarification comes after widespread confusion among businesses and…
ICICI Bank has reported a consolidated net profit of ₹13,502 crore for the January–March quarter of FY25, marking a 15.7% year-on-year increase. On a standalone basis, the bank’s net profit stood at ₹12,630 crore, up 18% from the same period last year. Key Financial Highlights: The bank’s board has recommended a dividend of ₹11 per…
South Eastern Coalfields Ltd (SECL), a subsidiary of Coal India, has entered into a Rs 7,040-crore agreement with TMC Mineral Resources Pvt Ltd to implement large-scale coal production using innovative paste filling technology. This marks a significant milestone as SECL becomes the first coal PSU in India to adopt this advanced underground mining method. What…
Tata Sons Pvt., through its subsidiary Agratas Energy Storage Solutions Pvt., has signed a £750 million ($990.79 million) bridge loan agreement to fund the construction of Britain’s largest battery manufacturing facility. The deal, finalized earlier this month, involves a consortium of 15 international banks and is among the top three foreign currency loans secured by…
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, has announced the acquisition of the North Queensland Export Terminal (NQXT) in Australia. This marks the company’s fourth international asset, following its operations in Haifa (Israel), Colombo (Sri Lanka), and the Port of Dar es Salaam (Tanzania). The acquisition, valued at approximately…
In a significant development, Paytm founder and CEO Vijay Shekhar Sharma has voluntarily surrendered 21 million employee stock options (ESOPs) valued at over ₹1,800 crore. The decision comes in the wake of regulatory scrutiny by the Securities and Exchange Board of India (SEBI) over alleged violations in the issuance of share-based employee benefits. The ESOPs,…
HDFC Bank, India’s largest private sector lender, is set to announce its financial results for the fourth quarter of FY25 on April 19, 2025. Analysts predict a steady performance, with modest growth in net profit and net interest income (NII), as the bank continues to navigate post-merger challenges and focus on operational efficiency. Key Expectations…
Infosys co-founder Narayana Murthy’s family has garnered significant attention following the announcement of the company’s final dividend for the financial year 2024-25. The IT giant declared a ₹22 per share dividend, benefiting shareholders and members of the promoter group. Among the beneficiaries is Murthy’s 17-month-old grandson, Ekagrah Rohan Murty, who will receive ₹3.3 crore from…
In a landmark development, Tata Consultancy Services (TCS), a subsidiary of the Tata Group, has been allotted 21.16 acres of prime land in Visakhapatnam, Andhra Pradesh, for a symbolic lease amount of just 99 paisa. This strategic move is part of the Andhra Pradesh government’s initiative to position Visakhapatnam as a leading IT hub in…
In a dramatic escalation of the ongoing trade conflict, the Donald Trump administration has announced sweeping tariffs of up to 245% on Chinese imports. This move comes in direct response to China’s recent decision to halt the export of heavy rare earth metals and magnets, materials critical to industries such as aerospace, defense, and semiconductors….
In a historic move, Apple has airlifted iPhones worth a record $2 billion from India in March 2025, marking a significant milestone for the country’s burgeoning electronics manufacturing sector. This unprecedented operation involved Apple’s key suppliers, Foxconn and Tata Electronics, and highlights India’s growing role as a global hub for smartphone production. The airlift, which…
Gold prices in India have surged to an all-time high, crossing the ₹95,000 mark per 10 grams for the first time. This historic milestone comes as the global economic landscape faces heightened uncertainties, including a weakening US dollar and the ongoing trade war between major economies. On April 16, 2025, gold prices on the Multi…
Dixon Technologies, a leading electronics manufacturing services firm, witnessed a 2% surge in its stock prices following the announcement of its ₹1,000 crore facility near Chennai. The project, set to be established at the Indospace Industrial Park in Oragadam, aims to bolster India’s electronics manufacturing capabilities and create 5,000 jobs in the region. Here are…
Global financial markets faced a sharp downturn on April 9, 2025, following China’s announcement of new tariffs on US imports. The Dow Jones futures dropped by 2%, while the UK’s FTSE 100 index tumbled by 4%, reflecting widespread investor panic. The move comes as part of escalating trade tensions between the world’s two largest economies….
Assam’s Attabarie Tea Estate has brought international glory to India by being crowned the producer of the world’s best black CTC tea at the prestigious 2025 World Tea Championship held in Las Vegas. This remarkable achievement coincides with the bicentennial celebration of Assam Tea, adding a historic touch to the milestone. The Attabarie Tea Estate,…
Reserve Bank of India (RBI) Governor Sanjay Malhotra has expressed deep concerns over the impact of US tariffs on India’s economic growth, deeming it a bigger challenge than inflation. Speaking at the post-Monetary Policy Committee (MPC) meeting on April 9, 2025, Malhotra revealed that the RBI has revised India’s GDP growth forecast for FY26 from…
Isha Ambani, the daughter of Reliance Industries Chairman Mukesh Ambani, has made headlines once again by selling her opulent Beverly Hills mansion to Hollywood power couple Jennifer Lopez and Ben Affleck. The deal, finalized in 2023, was valued at an astounding ₹508 crore, making it one of the most high-profile real estate transactions in recent…
Goldman Sachs has forecasted a 25 basis points (bps) reduction in the Reserve Bank of India’s (RBI) repo rate during the upcoming Monetary Policy Committee (MPC) meeting on April 9, 2025. The financial services firm anticipates the repo rate to drop to 6% and further decline to 5.50% by the end of the year, citing…
Mumbai, April 7, 2025 – The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has commenced its three-day meeting to review key interest rates, with widespread anticipation of a 25 basis points (bps) rate cut. This comes in the backdrop of moderating inflation and the need to stimulate economic growth, especially as global challenges…
New Delhi, April 7, 2025 – The recent imposition of sweeping tariffs by former U.S. President Donald Trump has sent shockwaves through global financial markets, with India’s five wealthiest billionaires collectively losing nearly $10 billion in a single day. The stock market crash, driven by escalating trade tensions, has left Indian investors significantly poorer, with…
Colombo, April 7, 2025 – Adani Ports and Special Economic Zone Ltd. (APSEZ) has officially commenced operations at the Colombo West International Terminal (CWIT), marking a significant milestone in regional maritime logistics. The $800 million project, located at the Port of Colombo, is the first fully automated deep-water terminal in the region, designed to enhance…
The United States stock market witnessed a historic downturn, losing $5 trillion in market value within just seven days, following President Donald Trump’s announcement of sweeping new tariffs. The tariffs, which include a 34% levy on all Chinese imports, have intensified the ongoing trade war between the world’s two largest economies, triggering global market turmoil….
In a significant step towards sustainability, Indian Railways has approved a Rs 18,658 crore project aimed at reducing carbon emissions by 477 crore kilograms and cutting oil imports by 95 crore liters annually. The initiative is part of the national transporter’s commitment to achieving net-zero carbon emissions by 2030 under the PM Gati Shakti National…
Anil Ambani’s sons, Jai Anmol Ambani and Jai Anshul Ambani, are spearheading efforts to revive the debt-ridden Reliance Group, once a thriving business empire. The brothers have taken on leadership roles within the group, working tirelessly to clear debts, secure new deals, and restore the company’s former glory. Jai Anmol, the elder son, has been…
Tata Capital, the financial services arm of the Tata Group, has taken a significant step toward its $2 billion Initial Public Offering (IPO) by filing draft papers through the confidential pre-filing route. This strategic move aligns with the Reserve Bank of India’s (RBI) mandate for upper-layer non-banking finance companies (NBFCs) to list on the stock…
Rinshul Chandra, the Chief Operating Officer (COO) of Zomato’s Food Delivery business, has officially stepped down from his role, effective April 5, 2025. The announcement was made through a regulatory filing by Zomato, where Chandra cited his decision to “pursue new opportunities and passions” as the reason for his resignation. In his resignation letter addressed…
Shares of state-run oil exploration companies, Oil and Natural Gas Corporation (ONGC) and Oil India, witnessed a significant drop on Friday, April 4, 2025, following a sharp decline in global crude oil prices. ONGC’s stock fell by 7%, trading at ₹225.25 per share, while Oil India experienced a 6.5% drop, closing at ₹366.1 per share….
Fintech giant Navi, co-founded by Sachin Bansal, has announced plans to go public by the financial year 2026, leveraging its impressive milestone of 20 million monthly active users. Speaking at the Startup Mahakumbh 2025, Bansal emphasized the company’s readiness to tap into public markets to fuel its next phase of growth. “We have reached a…
Union Commerce and Industry Minister Piyush Goyal has urged entrepreneurs, including Shark Tank India judges Aman Gupta and Vineeta Singh, to rethink their investment strategies and focus on high-tech industries. Speaking at the Startup Mahakumbh 2025, Goyal emphasized the need for innovation-driven businesses that contribute to India’s long-term economic and technological growth. Addressing the judges…
Bank of Baroda (BoB) witnessed a notable rise in its share price after releasing an impressive Q4 business update for the financial year 2024-25. The state-owned lender reported robust growth in both advances and deposits, reflecting its strong financial performance and strategic initiatives. The bank’s global business grew by 11.44% year-on-year (YoY), reaching ₹27.03 lakh…
Bharat Electronics Limited (BEL), a Navratna defence public sector undertaking, has signed a significant contract worth ₹593.22 crore with the Indian Air Force (IAF). The agreement focuses on providing comprehensive maintenance services for the Akash Missile System, which was originally supplied by BEL. This development underscores BEL’s pivotal role in strengthening India’s defence infrastructure. The…
Reliance Industries Limited (RIL), led by Mukesh Ambani, has announced a groundbreaking Rs 65,000 crore investment in a sustainable energy initiative focused on Compressed Bio-Gas (CBG) production in Andhra Pradesh. The ambitious project aims to establish 500 CBG plants across the state, with the foundation stone for the first facility laid in Kanigiri, Prakasam district,…
The recent announcement of a 26% reciprocal tariff on Indian imports by former U.S. President Donald Trump has sparked global economic discussions. However, India’s market has shown remarkable resilience, with minimal disruptions compared to other nations affected by the sweeping tariff policy. Experts attribute this stability to India’s diversified export portfolio and strategic exemptions granted…
India’s billionaire count has risen to 205 in 2025, up from 200 last year, according to Forbes’ World’s Billionaires List 2025. Despite the increase in numbers, the collective wealth of Indian billionaires has declined to USD 941 billion from USD 954 billion in 2024, primarily due to fluctuations in stock market valuations. Mukesh Ambani, Chairman…
Mundra Port, the flagship facility of Adani Ports and Special Economic Zone (APSEZ), has achieved a groundbreaking milestone by becoming the first Indian port to handle over 200 million metric tonnes (MMT) of cargo in a single financial year. This historic achievement was recorded for the fiscal year 2024-25, marking a significant leap in India’s…
IndusInd International Holdings Ltd (IIHL), a Hinduja Group company, has officially assumed control of Reliance Capital, marking the conclusion of a three-year-long resolution process under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code (IBC). The development follows the withdrawal of a petition by Reliance Capital’s lenders from the National Company Law…
Google has expressed its appreciation for the National Company Law Appellate Tribunal’s (NCLAT) recent decision to significantly reduce the antitrust penalty imposed on the tech giant by the Competition Commission of India (CCI). The penalty, originally set at ₹936.44 crore in 2022, has been lowered to ₹216.69 crore following NCLAT’s ruling. The case revolved around…
As the new financial year begins on April 1, 2025, several significant changes in financial regulations are set to impact taxpayers, UPI users, credit card holders, and pensioners across India. These updates, announced in the Union Budget 2025 and other regulatory frameworks, aim to streamline processes and enhance financial security. 1. Revised Income Tax SlabsUnder…
The Reserve Bank of India (RBI) is anticipated to proceed with another round of monetary easing during its April Monetary Policy Committee (MPC) meeting, according to a report by Bank of America (BofA) Global Research. The central bank is expected to reduce the repo rate by 25 basis points (bps), bringing it down to 6%,…
In a significant move to support the financially struggling telecom operator Vodafone Idea (Vi), the Indian government has decided to convert ₹36,950 crore of the company’s outstanding spectrum auction dues into equity. This decision will increase the government’s stake in Vodafone Idea from 22.6% to approximately 48.99%, making it the largest shareholder in the company….
The Indian stock market is set to navigate a critical week, with reciprocal tariffs, global trends, and Foreign Institutional Investor (FII) activity emerging as pivotal factors influencing market sentiment. Analysts predict that these triggers will dictate the direction of equity indices in the holiday-shortened week ahead, as markets remain closed on Monday for Eid-Ul-Fitr. The…
India’s economy is set to achieve a robust growth rate of 6.5% in the fiscal year starting April 1, 2025, according to the latest EY Economy Watch report. This projection underscores the nation’s resilience and its potential to sustain long-term economic expansion through strategic fiscal measures. The report highlights the importance of a well-calibrated fiscal…
Yes Bank has received a ₹2,209 crore demand notice from the Income Tax Department for the assessment year 2019-20. The reassessment order, issued by the National Faceless Assessment Unit on March 28, 2025, did not include any new disallowances or additions, leaving the grounds for reassessment unsubstantiated. Despite this, the demand notice includes ₹243.02 crore…
Tata Motors is set to make a significant entry into the electric two-wheeler market with the launch of its highly anticipated electric scooter. Scheduled for release in 2025, this eco-friendly vehicle promises a range of up to 200 kilometers on a single charge, coupled with advanced features designed to redefine urban commuting. The scooter is…
In a significant development, the Adani Group has fully restored electricity supply to Bangladesh after the country resumed payments for power dues. The supply, which had been halved in November 2024 due to unpaid bills, has now returned to full capacity, easing the risk of blackouts during the sweltering summer months. The Adani Power plant…
Dilip Buildcon Ltd. witnessed a significant surge in its share price, climbing nearly 6% to ₹481.20 during Thursday’s trading session, after securing a ₹2,631.14 crore contract from Bharat Sanchar Nigam Ltd. (BSNL). The contract, awarded under the BharatNet Phase-III project, aims to enhance broadband connectivity in Jammu & Kashmir and Ladakh, marking a major milestone…
Adani Energy Solutions Ltd. (AESL), formerly known as Adani Transmission, witnessed an impressive 8% jump in its share price on March 27, 2025, following the announcement of its acquisition of Mahan Transmission Ltd. (MTL). The strategic move is expected to bolster AESL’s position as India’s leading private transmission company. The acquisition was finalized through a…
Aditya Birla Capital has identified a promising investment opportunity in Jash Engineering, a small-cap multibagger stock that has already delivered an extraordinary 2,650% return over the past five years. Despite this impressive rally, analysts at Aditya Birla Capital believe the stock has a strong runway for growth, projecting a 30% upside with a target price…
In a landmark move to bolster India’s defence capabilities, the Ministry of Defence (MoD) has signed contracts worth ₹6,900 crore with Bharat Forge Limited and Tata Advanced Systems Limited. The agreements, announced on March 26, 2025, aim to modernize the Indian Army’s artillery regiments and enhance operational readiness. Key Highlights of the Deal Boost to…
