India’s retail inflation, as measured by the Consumer Price Index (CPI), eased to a 7-month low of 3.61% in February 2025, according to data released by the Ministry of Statistics and Programme Implementation. This marks a significant decline from 4.26% in January, providing relief to consumers amid ongoing economic fluctuations. Key Drivers of Decline The…
Shares of Rail Vikas Nigam Limited (RVNL) witnessed a 2.8% surge on the stock market following the announcement of a significant contract win worth ₹554.64 crore. The project involves the development of a road infrastructure project at Visakhapatnam Port, further solidifying RVNL’s position as a key player in India’s infrastructure sector. Project Details The contract,…
India has achieved a significant milestone in its energy sector by saving $5.43 billion (₹42,315.7 crore) in foreign exchange during the April-December 2024 period. This achievement comes as a result of a notable 8.4% decline in coal imports, driven by a surge in domestic coal production, according to the Ministry of Coal. Key Highlights: Government…
In a groundbreaking move, Reliance Jio has announced a strategic partnership with Elon Musk’s SpaceX to bring Starlink’s high-speed satellite internet services to India. This collaboration aims to enhance digital connectivity across the country, particularly in remote and underserved regions. Expanding Digital Horizons The partnership will integrate Starlink’s satellite-based broadband technology into Jio’s existing broadband…
New Delhi: The Life Insurance Corporation of India (LIC) offers a range of pension schemes designed to provide financial security during retirement. Among these, the single-premium pension plans have gained significant attention for their simplicity and long-term benefits. By making a one-time investment, individuals can secure a monthly pension of ₹12,000 for life, ensuring a…
Mumbai: The latest episode of Shark Tank India 4 featured a compelling pitch by Bindiya, a third-generation entrepreneur aiming to revolutionize the tile industry with her online platform, Tileskraft. Seeking ₹60 lakh for a 12% equity stake, Bindiya presented her vision of simplifying tile sourcing and sampling through technology. However, her pitch faced challenges as…
Mumbai: The latest episode of Shark Tank India 4 witnessed an emotional moment as Kunal Bahl, co-founder of Snapdeal and Titan Capital, connected deeply with the story of a 64-year-old entrepreneur, Champa. The founder of Krishna Sakhi, a business specializing in handcrafted jewelry for divine idols, Champa’s pitch moved the panel of investors with her…
Mumbai: IndusInd Bank shares faced a sharp decline, hitting a fresh 52-week low of ₹720.50, following a series of downgrades and target price reductions by leading brokerages. The stock plummeted 20% on Tuesday, raising concerns among investors about the bank’s governance and earnings visibility. The selloff was triggered by the bank’s disclosure of accounting discrepancies…
In a bid to ensure transparency and curb tax evasion, the Income Tax Department has intensified scrutiny of cases where high income is reported, but withdrawals and transactions remain disproportionately low. Such discrepancies in income and spending patterns can trigger suspicions of undeclared earnings, leading to potential investigations. The Red Flags to Watch Out For…
Hindalco Industries, the flagship company of the Aditya Birla Group and one of the world’s largest aluminum rolling companies, has witnessed a remarkable surge in its stock price, nearing a one-year high. The stock has rallied 23% over the past eight weeks, outperforming the Nifty Metal index, which gained 8% during the same period. Key…
