The World Bank has adjusted its growth projection for India for the fiscal year 2025-26, lowering it to 6.3%. This revision, down from the 6.7% forecast in January, primarily stems from a cautious outlook on India’s export performance and a deceleration in investment growth, both significantly influenced by a turbulent global economic landscape. While India … Read more
Indian benchmark indices witnessed a positive surge today, with the Sensex rising over 300 points and the Nifty scaling past the 25,200 mark. The upward momentum was primarily fueled by a strong rally in oil and gas stocks, notably Reliance Industries (RIL), while the Fast-Moving Consumer Goods (FMCG) sector acted as a drag on the … Read more
Shanaya Kapoor, the much-anticipated debutante from one of Bollywood’s most prominent families, is steadily making her mark in the Indian entertainment industry. As the daughter of actor Sanjay Kapoor and Maheep Kapoor, Shanaya has been under the spotlight even before her official acting debut, with much speculation surrounding her career trajectory and financial standing. While … Read more
India Yamaha Motor (IYM) Pvt. Ltd. is celebrating a remarkable dual milestone at its state-of-the-art Chennai factory, marking a decade of operational excellence and the rollout of its five millionth two-wheeler. This significant achievement underscores the plant’s pivotal role in Yamaha’s global manufacturing network and its unwavering commitment to the “Make in India” initiative. The … Read more
In a crucial move to ensure its continued existence in India’s fiercely competitive telecom sector, Vodafone Idea (Vi) has announced that its board of directors has approved a significant fundraising plan of up to Rs 20,000 crore. This fresh capital infusion is seen as a vital lifeline for the debt-ridden telco, which has been grappling … Read more
Shares of India’s leading gold loan non-banking financial companies (NBFCs), Muthoot Finance and Manappuram Finance, witnessed a significant surge of up to 7% today. This upward movement in the market comes in the wake of the government urging the Reserve Bank of India (RBI) to ensure that small gold loan borrowers are not adversely affected … Read more
Ram Chandra Agarwal, a name synonymous with the thriving retail landscape in India, has built an impressive empire, most notably through his brainchild, Vishal Mega Mart. While the precise figures of his personal wealth remain largely outside the public domain, estimations suggest his net worth is comfortably in the multi-crore range, a testament to his … Read more
The Indian Rupee began Thursday’s trading session 16 paise down, opening at 85.53 against the US Dollar. This dip in the domestic currency can be largely attributed to the strengthening of the US Dollar Index (DXY), which measures the greenback’s value against a basket of six major global currencies. Factors Influencing the Rupee’s Movement: The … Read more
In a significant strategic move poised to reshape the global premium motorcycle landscape, Indian automotive giant Bajaj Auto has announced its intent to take majority control of Austrian motorcycle manufacturer KTM AG. This landmark acquisition, valued at €800 million (approximately ₹7,200 crore), will see Bajaj transition from a long-standing minority investor to the dominant stakeholder, … Read more
The Indian equity markets witnessed a spirited resurgence today, with the Nifty breaching the 24,900 mark and the Sensex rallying over 700 points, largely propelled by a significant uplift in pharmaceutical stocks. This robust performance comes on the heels of a volatile period, underscoring the dynamic nature of investor sentiment and sectoral rotations in the … Read more