Mumbai, India – In a move that has sent ripples through the Indian economy, the Reserve Bank of India (RBI) has announced a 25 basis point cut in the repo rate, lowering it to 6.25%. This decision, made during the Monetary Policy Committee (MPC) meeting held on February 7, 2025, marks the first reduction in … Read more
The ongoing insolvency saga of Byju’s, once India’s most valuable startup, has taken another dramatic turn. Suspended directors of the embattled edtech firm have escalated their legal battle by challenging a recent ruling by the National Company Law Tribunal (NCLT). Their appeal, filed with the National Company Law Appellate Tribunal (NCLAT), alleges prejudice and raises … Read more
Mumbai, India – The Indian rupee plummeted to an unprecedented low against the US dollar on Monday, breaching the 87 mark for the first time in history. This sharp decline comes as global markets reel from the impact of escalating trade tensions, triggered by a recent wave of tariffs imposed by the United States. The … Read more
New Delhi: In a move that is likely to bring some relief to commercial establishments, state-run oil marketing companies (OMCs) have announced a reduction in the price of 19 kg commercial Liquefied Petroleum Gas (LPG) cylinders by ₹7. The new prices came into effect on February 1, 2025, just ahead of the Union Budget presentation. … Read more
The Indian stock market is abuzz with anticipation as Finance Minister Nirmala Sitharaman prepares to unveil the Union Budget for 2025. While the budget’s actual impact on the market can be unpredictable, historical trends and potential policy changes often influence investor sentiment and stock performance. As such, many investors are already strategizing and identifying stocks … Read more
Mumbai, India – January 30, 2025 – The Indian stock market continued its upward trajectory on Thursday, with both the benchmark indices, the Nifty 50 and the Sensex, registering gains. The Nifty 50 index was trading around the 23,250 mark, while the Sensex, the bellwether index of the Bombay Stock Exchange, was up by approximately … Read more
The highly anticipated Denta Water IPO allotment is yet to be finalized, leaving investors in a state of suspense. The official registrar for the IPO, Integrated Registry Management Services, is currently experiencing technical difficulties with its website, further adding to the uncertainty. Checking Allotment Status on NSE and BSE: While investors await the official announcement … Read more
The Reserve Bank of India (RBI) has taken decisive action to address a severe cash crunch in the Indian financial system, injecting a massive $18 billion (approximately ₹1.5 trillion) into the market. This move has ignited speculation and fueled hopes for an imminent interest rate cut by the central bank. The Liquidity Crisis: India’s banking … Read more
Mumbai, – Tata Steel shares have seen a positive reaction following the release of their Q3 FY25 financial results, despite a decline in net profit. Several leading brokerages have maintained a bullish stance on the stock, citing a combination of factors that point towards a promising future for the steel giant. Key Takeaways from Q3 … Read more
IDFC First Bank’s shares experienced a significant downturn, plummeting by 7% to a 21-month low, following the release of its third-quarter (Q3) financial results. The primary cause of this decline was attributed to a substantial increase in provisions for bad loans within the bank’s microfinance segment, which significantly impacted overall profitability. This news has raised … Read more