India’s economic momentum is expected to strengthen in the second half of 2024-25 and continue into 2025-26, according to the latest RBI monthly bulletin. The country remains poised to maintain its status as the fastest-growing major economy, with GDP growth projections of 6.5% (IMF) and 6.7% (World Bank) for 2025-26. The Union Budget 2025-26 […]
India’s electric vehicle (EV) fleet is projected to exceed 28 million units by 2030, significantly increasing demand for grid energy, according to the India Energy Storage Alliance (IESA). With cumulative EV sales surpassing 4.1 million units in FY 2023-24, the sector’s growth is fueled by rising environmental awareness, advancements in battery technology, and expanded […]
Rekha Gupta was sworn in as Delhi’s Chief Minister at a grand ceremony at Ramlila Maidan on Thursday, marking the BJP’s return to power in the national capital after 27 years. The event was attended by Prime Minister Narendra Modi, Defence Minister Rajnath Singh, and BJP Chief Ministers from various states. Gupta becomes Delhi’s fourth […]
The South Korean government is actively engaging with the U.S. to address trade uncertainties stemming from new tariff measures, Trade Minister Cheong In-kyo said Thursday. During a meeting with top industry think tanks—including Samsung, Hyundai, POSCO, and LG—Cheong emphasized the importance of coordinated efforts to navigate U.S. protectionist policies under President Trump. The U.S. is […]
The U.S. decision to impose tariffs on semiconductors is unlikely to significantly impact India in the short term, as the country is not a major chip exporter to the U.S., industry experts said Thursday. With India already imposing zero import duties on semiconductors, the country faces no immediate trade retaliation concerns, said Ashok Chandak, president […]
WASHINGTON, Feb. 20 — The Trump administration is moving to cut $50 billion from the Pentagon budget, reallocating funds to high-priority areas such as border security, according to media reports. A list of generals and admirals slated for dismissal has been circulated among Republican lawmakers. Acting Deputy Secretary of Defense Robert Salesses has instructed officials […]
NEW YORK, Feb. 20 — The war of words between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky escalated Wednesday as Trump suggested Ukraine could be sidelined in negotiations to end the war with Russia. “Zelensky better move fast or he’s not going to have a country left,” Trump wrote on Truth Social, claiming […]
At first glance, the global financial landscape is undergoing a significant shift, with FIIs increasingly diluting their share in Indian stocks and turning their attention towards the Chinese market. This trend, often referred to as the ‘Buy China – Sell India’ trade, is not a distant possibility for FIIs. The primary reason behind this shift […]
In a shocking incident that unfolded in the city of Zhuhai, located in south China’s Guangdong Province, a total of 35 people were killed and another 43 injured. The tragedy occurred on Monday at a sports center, where citizens were engaged in their regular exercise routines. The details of the incident were revealed by the local […]
Hyundai Motor India, the Indian arm of South Korea’s automotive giant, is poised to make its stock market debut this week following a historic Initial Public Offering (IPO), officials confirmed on Monday. The company’s shares will begin trading on Tuesday, after successfully concluding last week’s $3.3 billion IPO, the largest ever in India’s market history. […]
Indian stock markets are expected to open slightly higher on Monday, with investor attention focused on earnings reports from major players like HDFC Bank, Kotak Mahindra Bank, and Tech Mahindra. As of 07:14 a.m. IST, the Gift Nifty stood at 24,927.5, indicating that the NSE Nifty 50 index may open marginally above its last close […]
Despite a recent downturn in the Indian equity market, the IPO segment is buzzing with activity as nine new public issues worth ₹10,985 crore are set to open for retail investors from October 21 to 25. Among these, Waaree Energies’ IPO will be the first to kick off on October 21, offering shares at […]
In an era where financial literacy is increasingly becoming a necessity, a recent online debate has sparked interest and controversy in equal measure. The debate was initiated by Sourav Dutta, an investor and trader, who took to social media platform X (formerly Twitter) to share his financial advice. Dutta suggested that people should consider investing in […]
Infosys posted a 4.7% rise in net profit for Q2 FY25, hitting Rs 6,506 crore, up from Rs 6,212 crore a year ago. Revenue grew 2.9% year-on-year, reaching Rs 40,986 crore. The company raised its full-year revenue growth forecast to 3.75-4.5% and announced a 16.7% interim dividend increase to Rs 21 per share, payable on […]
A revolutionary chip-based blood test, developed by researchers at Johns Hopkins University, promises to diagnose heart attacks within minutes, providing a faster and more accurate alternative to current methods. The test, which delivers results in just five to seven minutes, could potentially be used by first responders and even in home settings. Led by Peng […]
Bajaj Auto on Wednesday announced a 9% rise in net profit for the July-September quarter (Q2 FY25), posting a net income of Rs 2,005 crore, driven by robust performance in its green energy segment. The company’s electric vehicle (EV) sales surged, contributing significantly to its overall growth. Adjusted for exceptional deferred tax provisions, Bajaj Auto’s […]
Fintech firm BharatPe Group announced its financial results for FY 2023-24 on Wednesday, revealing a consolidated EBITDA loss (before share-based payment expense) of Rs 209 crore for the fiscal year. While still in the red, the company has significantly narrowed its losses compared to the Rs 826 crore EBITDA loss it posted in FY 2022-23, […]
L&T Technology Services Ltd (LTTS) posted a net profit of ₹320 crore for the second quarter of FY 2024-25, marking a 2% increase from ₹314 crore in the previous quarter. The IT services company’s performance was bolstered by steady growth in revenue and continued expansion in its core technology sectors. According to the company’s exchange […]
Indian equity markets closed lower on Wednesday, with the BSE Sensex dropping 318.76 points, or 0.39%, to settle at 81,501.36, as pressure on auto, IT, and PSU banking stocks outweighed gains in other sectors. The broader NSE Nifty also slipped, ending the session at 24,971.30, down 86.05 points, or 0.34%. Midcap and smallcap stocks displayed […]
Reliance Industries Ltd is set to finalize its merger with Disney’s India operations by the close of Q3 FY25, forming India’s largest media conglomerate, valued at over ₹70,000 crore ($8.5 billion), according to regulatory filings. With approvals from the Competition Commission of India (CCI) and the National Company Law Tribunal, Reliance Industries confirmed in its […]