India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
NEW DELHI: The number of High Net-Worth Individuals (HNIs) and Ultra High Net-Worth Individuals (UHNIs) in India is growing at an impressive compounded annual growth rate (CAGR) of 12 per cent, according to a report by Motilal Oswal. The report attributed this growth to India's robust economic expansion and buoyant equity markets, which are also helping their wealth grow at an even faster pace. It said "With robust economic growth, the number of HNIs and UHNIs has been growing in India (at 12 per cent CAGR), and their wealth is growing at a faster pace, aided by buoyant equity markets". Despite this rapid growth, the report noted that the penetration of organized wealth management services in India remains significantly low at just 15 per cent, compared to 75 per cent in developed economies. This presents a vast opportunity for wealth management firms to expand their reach and tap into this growing market segment.
Bengaluru (Karnataka) [India], December 13: IIFL Capital Services Limited (formerly IIFL Securities Limited) today announced the unveiling of its state-of-the-art office in Bengaluru, dedicated to wealth management services for High Networth Individuals (HNIs) and Ultra High Networth Individuals (UHNIs). IIFL Capital Services is one of the largest wealth managers in India, with about $30 billion (Rs 2.5 lac crore) worth of assets under management, advice and custody. Also Read | Big score is just around the corner for Steve Smith, Skipper Pat Cummins Backs Star Batter Ahead of IND vs AUS 3rd ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
New Delhi [India], July 16 (ANI): The Indian government expressed regret on Tuesday over the reported demolition of the ancestral property of celebrated filmmaker and writer Satyajit Ray in Mymensingh, Bangladesh and expressed its willingness to extend cooperation in its restoration. "We note with profound regret that the ancestral property of noted filmmaker and litterateur Satyajit Ray in Mymensingh, Bangladesh, belonging to his grandfather and eminent litterateur, Upendra Kishor Ray Chowdhury, is being demolished," the Ministry of External Affairs said. Also Read | India Urges Bangladesh ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Easing inflation and favourable monsoon boosted rural demand in India in the April-June period this year, outpacing urban consumption once again, according to a new report. According to the report by global research firm NielsenIQ, rural markets and small manufacturers propelled the packaged consumer goods sector in Q2 2025. Rural markets grew twice as fast as cities, as urban areas showed signs of recovery, particularly in smaller towns. According to the report, e-commerce also rose significantly, led by increased shopper penetration and spending, especia ...Read More >
New Delhi, Apr 5 (PTI) The domestic stock market is expected to remain volatile this week as investors track the Reserve Bank's monetary policy decision, key global macroeconomic data and the impact of the West Asia conflict, analysts said. Movements in crude oil prices and foreign fund flows will also influence domestic equities, they added. Vinod Nair, Head of Research, Geojit Investments Ltd, said the RBI's Monetary Policy Committee (MPC) meeting will command centre stage domestically, with investors closely watching the central bank's stance on inflation and growth. "A rate pause is nea ...Read More >
CHENNAI: Indian equity markets experienced a significant rally today, spurred by the Reserve Bank of India's (RBI) unexpected policy measures aimed at stimulating economic growth. The RBI slashed the key repo rate by 50 basis points and reduced the Cash Reserve Ratio (CRR) by 100 basis points, injecting approximately ₹2.5 lakh crore into the banking system. This aggressive easing, coupled with a shift in the RBI's policy stance from 'accommodative' to 'neutral', boosted investor sentiment across sectors. The apex bank's bold policy actions have injected liquidity and optimism into the markets ...Read More >
The National Investigation Agency (NIA) has charged five individuals, including goldy Brar, in relation to the 2024 Gurugram club bombing plot, as revealed in a recently filed chargesheet. This case involves a conspiracy to bomb two clubs, aiming to disrupt communal harmony in Haryana, with the banned terrorist group Babbar Khalsa International (BKI) implicated. The NIA's investigation highlights the severity of the plot. Those charged include satinderjit Singh (Goldy Brar), Sachin Talian, Ankit, Bhavish, and Randeep Singh. News Directory 3 provides crucial updates on sensitive cases such ...Read More >
RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" RBI Governor Sanjay Malhotra on Monday asked banks and corporates to come together and drive the "animal spirits" to create an investment cycle, as the country navigates a choppy global economic environment. In his inaugural address at the annual banking conference 'FIBAC 2025', the Governor said RBI is examining measures to expand bank credit including the sunrise sectors. "I would ...Read More >
Mumbai (Maharashtra) [India], December 5 (ANI): The Indian stock market on Friday ended higher after the Reserve Bank of India (RBI) cut the policy repo rate by 25 basis points to 5.25 per cent, as the MPC's outcome served as the key catalyst for the market's rebound. At the close of trading today, the BSE Sensex ended at 85,712.37, up 447.05 points or 0.52 per cent, while the NSE Nifty50 stood at 26,186.45, up 152.7 points or 0.59 per cent. Broader markets were mixed, with the Nifty Midcap100 up 0.5 per cent while the Smallcap100 index slipped 0.6 per cent, indicating selective participatio ...Read More >
Mumbai (Maharashtra) [India], December 15 (ANI): The services exports, which have been the strongest part of the country's growth story for more than two decades, have seen a sharp slowdown in recent years, even though long-term growth remains among the best globally, highlighted a report by DSP Asset Managers. According to the data in the report, services exports have been the brightest spot in India's economic growth over the last two and a half decades. Over the full period from FY01 to FY25, net services exports recorded a strong compound annual growth rate (CAGR) of 22 per cent. This is ...Read More >
Mumbai: The stock market began the new financial year on a strong note, with the BSE Sensex rising 1,186.77 points, or 1.65 percent, to close at 73,134.32 on Wednesday. During the day, it surged as much as 2,017 points, showing strong buying interest across sectors. Wealth surge for investors The rally added nearly Rs 9.60 lakh crore to investors' wealth in a single session. The total market capitalisation of BSE-listed companies rose to Rs 4,22,01,433.48 crore (about USD 4.46 trillion), reflecting renewed confidence in equities. Global cues lift sentiment Markets were supported by strong ...Read More >
Mumbai, November 26: The final allotment for the NTPC Green Energy IPO has been confirmed, and investors can now check their status through bank debit messages or online platforms such as the BSE, NSE, and Kfin Technologies. The shares of NTPC Green Energy, which opened for subscription on November 19 and closed on November 22, are set to be listed on the stock exchanges on Wednesday, November 27, 2024. The public offering received strong investor interest, with the issue oversubscribed by 2.42 times, according to the National Stock Exchange (NSE). Analysts maintain a positive long-term outlo ...Read More >
Mumbai, June 27, 2025 -- Indian equity benchmarks, Sensex and Nifty 50, are poised for a strong start on Friday, riding the wave of global optimism and supportive domestic sentiment. Gift Nifty was trading around 25,715, nearly 100 points above Nifty futures' previous close, signaling a positive bias at the opening bell. The Nifty 50 had closed Thursday at a 9-month high of 25,549, while the Sensex rallied 1,000 points to end at 83,755. With the Israel-Iran ceasefire holding, investor sentiment across Asia and the US improved further overnight. Also Read: Bank Nifty Hits Record 57,076; HDFC ...Read More >
Mumbai, July 15 (SocialNews.XYZ) The Indian stock markets bounced back on Tuesday after four straight sessions of losses, supported by positive global cues, easing retail inflation and steady foreign fund inflows. Both benchmark indices ended the day with strong gains. At the closing bell, the Sensex rose by 317 points, or 0.39 per cent, to settle at 82,570.91. Following suit, the Nifty ended 113.5 points higher at 25,195.8 -- marking a gain of 0.45 per cent for the day. Market sentiment is showing signs of improvement, supported by a blend of global and domestic developments, said analysts ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade ...Read More >
Dehradun (Uttarakhand) [India], July 16 (ANI): Following the tragic road accident in the Muwani area of Pithoragarh district on Tuesday that claimed eight lives, Uttarakhand Chief Minister Pushkar Singh Dhami announced that the state government would provide Rs 2 lakh each to the families of the deceased and Rs 50,000 to the injured. This would be in addition to the ex-gratia of Rs 2 lakh from the Prime Minister's National Relief Fund (PMNRF), announced by Prime Minister Narendra Modi, which would be given to the next of kin of the deceased. Also Read | Weather Forecast Today, July 16: Check ...Read More >
Mumbai, March 30: Indian stock markets ended the last trading session of fiscal year 2026 on a weak note, dragged down by rising global tensions due to the ongoing Middle East conflict. The prolonged war has raised concerns about economic growth and inflation, leading to heavy selling across equities. The benchmark Nifty fell sharply by 2.14 per cent, or 488.20 points, to close at 22,331.40. Similarly, the Sensex dropped 2.22 per cent, or 1,635.67 points, ending the session at 71,947.55. Commenting on Nifty technical outlook, experts said that from a technical standpoint, the close below the ...Read More >
Bhubaneswar, March 31 (SocialNews.XYZ) The Comptroller and Auditor General of India (CAG) said on Tuesday that Odisha posted moderate growth in 2024-25 compared to the previous financial year, while cautioning against fiscal stress risks arising from the under-realisation of revenue receipts, low own-tax mobilisation, poor dividend collection, long-outstanding loans, and concentrated short- to medium-term repayment obligations. The State Finances Audit Report of the Odisha government for 2024-25, presented in the State Assembly, noted that the state's overall fiscal position remained stable, ...Read More >
Mumbai, Aug 6 (PTI): Falling for the second day, benchmark BSE Sensex declined by 160 points on Wednesday due to selling in IT and healthcare shares amid the RBI policy decision to keep the key interest rates unchanged. The 30-share BSE Sensex fell 166.26 points or 0.21 per cent to settle at 80,543.99 with 18 of its constituents ending lower and 12 with gains. During the day, it declined 261.43 points or 0.32 per cent to hit a low of 80,448.82. The 50-share NSE Nifty dipped 75.35 points or 0.31 per cent to close at 24,574.20. In the intraday session, the index decreased 110.35 points or 0.44 ...Read More >
New Delhi [India], September 26 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized that India is well-positioned to withstand global economic shifts. "Amidst global uncertainty, India's resilience is remarkable. With strong macroeconomic fundamentals, a young demographic profile, and increased reliance on domestic demand, India is well-positioned to withstand global shocks and maintain a high-growth trajectory," the Finance Minister said. She stressed that in today's globally uncertain environment, the role of banks becomes even more significant; not just ...Read More >
Mumbai, Dec 5 (PTI) Stock market benchmark indices Sensex and Nifty rallied on Friday after the Reserve Bank of India (RBI) cut key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a "goldilocks" economy in the face of high US tariffs. Rising for the second day in a row, the 30-share BSE Sensex advanced 447.05 points, or 0.52 per cent, to settle at 85,712.37. During the day, it jumped 531.4 points, or 0.62 per cent, to 85,796.72. The 50-share NSE Nifty climbed 152.70 points, or 0.59 per cent, to 26,186.45. The six-member monetary policy c ...Read More >
Markets opened on a cautiously optimistic note on Wednesday, with the Sensex and Nifty showing marginal gains, while investors closely monitored global economic indicators and upcoming domestic policy decisions. The Sensex opened higher at 81,036.22 from its previous close of 80,845.75 and is currently trading at 81,168.92 as of 9.45 am, up by 323.17 points or 0.40 per cent. Similarly, the Nifty opened at 24,488.75 compared to its previous close of 24,457.15 and is now at 24,558.20, rising by 101 ...Read More >
Mumbai: After a quiet start to 2025, India's primary market is finally showing signs of recovery. Over 12 companies are getting ready to launch their Initial Public Offerings (IPOs) in the next 3 to 6 months, according to merchant bankers. This comes as the stock market stabilizes and global tensions ease, making investors more confident. Big Names Preparing to Launch IPOs Some of the major companies planning IPOs include: Other names like Credila, SK Finance, Veritas Finance, Paras Healthcare, CIEL HR Services, Avanse Financial Services, Drof-Ketal Chemicals India, Brigade Hotel Ventures, ...Read More >
New Delhi: After Steller debut Emkay Global has shown confidence in HDB Financial Services, setting a target price of Rs 900 per share and giving a 'Buy' rating. This target shows a possible upside of about 22 percent from the IPO issue price of Rs 740. Strong Market Debut On July 2, HDB Financial Services made an strong debut on the stock market, listing at Rs 835 per share -- a 13 percent premium over its IPO price. This strong start shows robust investor interest and confidence in the company's future. Why Emkay is Bullish on HDB Financial Emkay's optimism is rooted in several core stre ...Read More >
Mumbai, July 4 (SocialNews.XYZ) Shares of Nuvama Wealth management plummeted over 10 per cent on Friday after the Securities and Exchange Board of India (SEBI) barred Jane Street, a US-based trading entity, from accessing the domestic equity market, asking them to deposit alleged illegal gains of Rs 4,843.5 crore in an account in favour of the market's regulator. Nuvama Wealth Management is Jane Street's trading partner for Indian stock markets. Around 12:45 p.m., Nuvama Wealth shares were trading at Rs 7,408.50, down 9.45 per cent on the National Stock Exchange (NSE) compared to the previou ...Read More >
New Delhi [India], July 20 (ANI): Softening growth in the formal sector is beginning to weigh on overall credit growth, according to a report by HSBC Global Research. The report noted that, after a few years of strong growth, the formal sector is expected to slow in 2025. Also Read | Uttarakhand Chopper Crash: AAIB Says Helicopter Tumbled Down Hill After Rotor Blade Hit Overhead Cable. "This is led by factors such as gains from strong equity markets and rising wage growth now plateauing after a strong run," the report added. India's bank credit growth, which was 16 per cent a year ago, has ...Read More >
NEW DELHI - President Donald Trump's new list of tariffs on half the world's countries sent the United States' trading partners scrambling to understand how their businesses will be affected. India got the bad news a day earlier - its goods face a tariff of 25 per cent or more - but the extra time was hardly enough to adjust to the fresh chaos. Indian negotiators had not expected to conclude a meaningful deal in time to meet Mr Trump's revised deadline of Aug 1. But they did expect to be treated as well as their neighbours, and to keep haggling with US officials until October or November, w ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
New Delhi [India], April 5 (ANI): Congress General Secretary Jairam Ramesh on Sunday said that both Chief Election Commissioner Gyanesh Kumar and External Affairs Minister S Jaishankar are unlikely to respond to the party's recent questions concerning BJP's Puducherry President and Raj Bhavan constituency candidate VP Ramalingam and Latchiya Jananayaga Katchi (LJK) chief Jose Charles Martin hosting a Sri Lankan diplomat in Puducherry. Replying to Congress spokesperson Pawan Khera's post on X, Ramesh wrote, "The answers to your three questions are self-evident: 1. He will not, 2. He will not, ...Read More >
Mumbai (Maharashtra) [India], December 5 (ANI): The Indian stock market on Friday ended higher after the Reserve Bank of India (RBI) cut the policy repo rate by 25 basis points to 5.25 per cent, as the MPC's outcome served as the key catalyst for the market's rebound. At the close of trading today, the BSE Sensex ended at 85,712.37, up 447.05 points or 0.52 per cent, while the NSE Nifty50 stood at 26,186.45, up 152.7 points or 0.59 per cent. Also Read | Dharmendra 90th Birth Anniversary: Sunny Deol and Bobby Deol Invite Fans at Khandala Farmhouse To Celebrate Late Actor's Legacy on December ...Read More >