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Mumbai: India's economy is expected to grow above 7.5 per cent in real terms in FY27, supported by easing fiscal and monetary conditions, low inflation, and ongoing regulatory reforms, according to Axis Bank's India Economic Outlook 2026 report. "With fiscal and monetary headwinds receding, GDP growth has picked up in FY26. In FY27, the pace of fiscal consolidation should slow further (20bps), and lagged effects of monetary easing should become visible, pushing growth to 7.5 per cent (above tre ...Read More >
Mumbai, Dec 16 (PTI) The rupee sank to a fresh record low, breaching the 91-a-dollar mark for the first time on Tuesday, even as the government attributed the currency's slide to the widening trade gap and developments related to the India-US trade deal. During the session, the local unit tanked below 91 and hit its lowest level of 91.14 against the US dollar. However, it recouped some of the losses towards the end of the session, settling at 90.93, down 15 paise from its previous close. The I ...Read More >
MUMBAI: Structural and regulatory reforms, lower borrowing costs, accelerated capital formation, benign inflation and a cyclical boost from policy easing, will help the economy gain more momentum in FY27 clipping at 7.5% according to a private forecast. According to Neelkanth Mishra, the chief economist at Axis Bank and head of research at Axis Capital, the economy can sustain above-trend growth without inflationary pressures given economic slack and he told reporters here Tuesday that he expect ...Read More >
MUMBAI: Structural and regulatory reforms, lower borrowing costs, accelerated capital formation, benign inflation and a cyclical boost from policy easing will help the economy gain more momentum in FY27, growing at 7.5% according to a private forecast. According to Neelkanth Mishra, the chief economist at Axis Bank and head of research at Axis Capital, the economy can sustain above-trend growth without inflationary pressures given economic slack. He told reporters here Tuesday that he expect th ...Read More >
Grocery delivery firm Zepto Ltd. is gearing up for a significant move. The company plans to file for an initial public offering of approximately $500 million in Mumbai as early as next week. This move comes as competition intensifies in India's fast-growing quick-commerce market. Zepto is working with several major financial institutions to submit its draft prospectus. Grocery delivery firm Zepto Ltd. is preparing to file for an initial public offering of about $500 million in Mumbai as early a ...Read More >
New Delhi [India], December 16 (ANI): In Financial Year 2027, the monetary easing is set to drive the above-trend growth of 7.5% amid the expectations of continuous fiscal tightening, said India Market Outlook 2026 Report by Axis Capital on Tuesday. "We expect the monetary easing to drive above-trend growth of 7.5%. Fiscal tightening is expected to continue, though it would be much slower at 20 bps, but the revival in credit growth in response to much easier monetary conditions is a significant ...Read More >
Mumbai: Indian equity markets closed sharply lower on Tuesday as weak global cues and heavy selling in key sectors dragged sentiment. Investors turned cautious amid rising global uncertainty, leading to broad-based profit booking across sectors. At the close, the Sensex fell 533.50 points (0.63 percent) to 84,679.86, while the Nifty dropped 167.20 points (0.64 percent) to 25,860.10. Selling pressure dominates the session Markets opened on a weak note and remained under pressure throughout the ...Read More >
Mumbai, Dec 16 (PTI) Benchmark Sensex tumbled 533.50 points and the broader Nifty declined to the 25,860 level on Tuesday as persistent foreign fund outflows, a weak rupee and sluggish global market trends dented investor sentiment. The 30-share BSE Sensex tanked 533.50 points or 0.63 per cent to settle at 84,679.86. During the day, it dived 592.75 points or 0.69 per cent to 84,620.61. The 50-share NSE Nifty dropped 167.20 points or 0.64 per cent to 25,860.10. Among Sensex firms, Axis Bank ta ...Read More >
Mumbai, December 16: Indian equity benchmark indices ended lower on Tuesday as weak global cues and selling pressure in metal, realty and financial stocks weighed on market sentiment. At the close of trade, the Sensex slipped 533.50 points, or 0.63 per cent, to settle at 84,679.86, while the Nifty declined 167.20 points, or 0.64 per cent, to end at 25,860.10. "On the downside, the support at 25,870 was breached, intensifying bearish sentiment in the market," experts said. "In the short term, th ...Read More >
Mumbai, Dec 16 (SocialNews.XYZ) Indian equity benchmark indices ended lower on Tuesday as weak global cues and selling pressure in metal, realty and financial stocks weighed on market sentiment. At the close of trade, the Sensex slipped 533.50 points, or 0.63 per cent, to settle at 84,679.86, while the Nifty declined 167.20 points, or 0.64 per cent, to end at 25,860.10. "On the downside, the support at 25,870 was breached, intensifying bearish sentiment in the market," experts said. "In the s ...Read More >
New Delhi, Dec 16 (PTI) India is set for a power-packed presence at the World Economic Forum Annual Meeting in Swiss ski resort town of Davos next month with four union ministers including Ashwini Vaishnaw and Shivraj Singh Chouhan set to join five CMs and over 100 CEOs from the country. K Ram Mohan Naidu, Minister for Civil Aviation, and Pralhad Joshi, Minister for New & Renewable Energy, Consumer Affairs, and Food & Public Distribution, will also be part of the Indian delegation at the five-d ...Read More >
Mumbai, Dec 16 (PTI) Benchmark Sensex tumbled 533.50 points and the broader Nifty declined to the 25,860 level on Tuesday as persistent foreign fund outflows, a weak rupee and sluggish global market trends dented investor sentiment. The 30-share BSE Sensex tanked 533.50 points or 0.63 per cent to settle at 84,679.86. During the day, it dived 592.75 points or 0.69 per cent to 84,620.61. The 50-share NSE Nifty dropped 167.20 points or 0.64 per cent to 25,860.10. Among Sensex firms, Axis Bank ta ...Read More >
Mumbai: Benchmark indices Sensex and Nifty declined in early trade on Tuesday as persistent foreign fund outflows and weak global market trends dented investors' sentiment. The 30-share BSE Sensex declined 363.92 points to 84,849.44 during initial trade. The 50-share NSE Nifty dropped 106.65 points to 25,920.65. From the Sensex firms, Eternal, Axis Bank, HCL Tech, Infosys, Tata Steel, and Bharat Electronics were among the major laggards. However, Bharti Airtel, Asian Paints, Tata Motors Passen ...Read More >
Mumbai, December 16: Indian equity benchmark indices opened Tuesday's trading session on a weak note, tracking negative cues from Asian markets. Early selling pressure dragged both the Sensex and the Nifty lower in initial trade. The Sensex opened nearly 200 points lower at around 85,025 and slipped further to trade about 300 points down in the early minutes. The Nifty also came under pressure and was trading lower by 95 points, or 0.4 per cent, at around 25,935. The index continues to trade wi ...Read More >
Equity benchmark indices Sensex and Nifty hit their fresh all-time highs in early trade on Monday as investors' sentiment turned positive after India's economy grew at a higher-than-expected 8.2 per cent in July-September - the fastest pace in six quarters. Photograph: Shailesh Andrade/Reuters The 30-share BSE Sensex jumped 452.35 points to 86,159.02 -- its record peak. The 50-share NSE Nifty climbed 122.85 points to hit a lifetime high of 26,325.80. From the Sensex firms, Adani Ports, Bhara ...Read More >
New Delhi, Nov 20 (PTI) State-owned NHAI on Thursday said it is in the process of establishing Raajmarg Infra Investment Trust (RIIT) as a Public InvIT to unlock the monetization potential of National Highway assets. A Public Infrastructure Investment Trust (InvIT) is an investment vehicle that enables retail investors to directly invest in and earn income from a pool of operational infrastructure projects. Units of public InvITs are listed and traded on stock exchanges such as the National St ...Read More >
New Delhi, Nov 13 (SocialNews.XYZ) The Central Bureau of Investigation (CBI) has apprehended a Junior Engineer of the Municipal Corporation of Delhi (MCD), Najafgarh Zone, while accepting a bribe of Rs 10 lakh from a complainant, the agency said on Thursday. According to the CBI, a case was registered on November 11 against three MCD officials -- R.C. Sharma, Executive Engineer; Navin Kaul, Assistant Engineer; and Ajay Babbarwal, Junior Engineer -- all posted in the Najafgarh Zone. The trio ha ...Read More >
Mumbai: Benchmark stock indices Sensex and Nifty bounced back Monday after three straight days of losses following buying in IT and financial shares and a rally in global peers. The 30-share BSE Sensex benchmark climbed 319.07 points, or 0.38 per cent, to close at 83,535.35. In the intraday session, the index rallied 538.21 points, or 0.64 per cent, to hit a high of 83,754.49. The NSE Nifty advanced 82.05 points, or 0.32 per cent, to settle at 25,574.35. During the day, it climbed 161.15 point ...Read More >
Loan-against-property lender Optimo Capital has raised $17.5 million in a new round of funding led by the startup's founder Prashant Pitti with participation from existing investors Blume Ventures and impact venture capital firm Omnivore. Alongside the equity raise, the non-banking financial services startup has also raised just under $12.5 million in debt from IDFC Bank and Axis Bank. With the new round, Optimo's total equity fundraising stands at $27.5 million. The Blume-backed company targ ...Read More >
Mumbai: Mutual funds, insurers, and banks have been stepping up investments in long-term corporate bonds issued by the Adani Group, which has raised around ₹13,750 crore over the past year across five of its companies, market data showed. The group's bond sales make up more than a tenth of all corporate bonds issued in India over the past one year. In the 12 months to October 2025, the group has tapped the domestic bond market 10 times, with five issuances carrying maturities of 10 years or mor ...Read More >
New Delhi: Delhi High Court has stated that provisions of the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act (SC/ST Act) related to land dispossession cannot be invoked to prevent banks from exercising their lawful mortgage or recovery rights. Justice Sachin Datta made this observation while staying proceedings initiated by the National Commission for Scheduled Tribes (NCST) against Axis Bank, its managing director, and chief executive officer. The court noted that the bank ...Read More >
Mumbai, Oct 24 (PTI) Benchmark indices Sensex and Nifty declined on Friday amid profit-taking in FMCG and banking shares following a six-day rally and fresh foreign fund outflows. Snapping its six-day winning streak, the 30-share BSE Sensex dropped by 344.52 points or 0.41 per cent to settle at 84,211.88. During the day, it fell by 599.25 points or 0.70 per cent to 83,957.15. The 50-share NSE Nifty declined by 96.25 points or 0.37 per cent to 25,795.15 as 34 of its constituents closed lower an ...Read More >
Mumbai, Oct 23 (PTI) Equity benchmark indices Sensex and Nifty ended marginally higher on Thursday, helped by robust buying in IT and tech stocks amid growing optimism on the US-India trade deal front. After hitting a 52-week high, indices reversed most of their intra-day gains on fag-end profit-taking after sentiment turned cautious amid concerns over US sanctions against Russia's two largest oil companies. Besides, an over one per cent decline in heavyweight Reliance Industries also pulled t ...Read More >
The Delhi High Court has said that the provisions of the SC/ST Act relating to wrongful occupation or dispossession of land belonging to people from Scheduled Castes and Scheduled Tribes cannot be used to prevent a bank from exercising its lawful mortgage rights. Justice Sachin Datta made the prima facie observation while staying the proceedings [...] The Delhi High Court has said that the provisions of the SC/ST Act relating to wrongful occupation or dispossession of land belonging to people f ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty ended higher Monday, taking their winning run to the fourth day in a row, driven by buying in blue-chip Reliance Industries and sustained foreign fund inflows. A sharp rally in global markets also added to the markets' optimism. The 30-share BSE Sensex jumped 411.18 points or 0.49 per cent to settle at 84,363.37. During the day, it zoomed 704.37 points or 0.83 per cent to 84,656.56. The 50-share NSE Nifty surged 133.30 points or 0.52 per cent ...Read More >
Mumbai: Indian stock markets advanced for a fourth straight session on Monday, with the BSE Sensex ending 411.18 points higher at 84,363.37 and the Nifty 50 rising 133.30 points to close at 25,843.15. This upward move was driven by encouraging results from large companies and positive sentiment linked to the festival season. The rally cut short‑term profit‑taking and showed broad‑based participation across key sectors. Technical Breakout Holds Ground, Support Zones Defined Analysts noted that ...Read More >
Mumbai, Oct 20 (SocialNews.XYZ) Indian stock markets continued their upward momentum on Monday, with benchmark indices closing higher for the fourth straight session, supported by gains in banking, IT, and oil and gas stocks. The Sensex ended 411.18 points, or 0.49 per cent, higher at 84,363.37, while the Nifty advanced 133.30 points, or 0.52 per cent, to close at 25,843.15. "From a technical standpoint, Nifty's breakout above 25,660 has now been sustained for the second consecutive session, t ...Read More >
Indian stock markets, Sensex and Nifty, recovered from an early dip on Friday. Foreign fund inflows and anticipation of US Federal Reserve rate cuts boosted investor sentiment. Asian Paints, Mahindra & Mahindra, and Bharti Airtel were among the top gainers. This rebound follows strong performance on Thursday, driven by positive economic outlook and global factors. Mumbai, Equity benchmark indices Sensex and Nifty bounced back after starting the trade on a weak note on Friday, helped by foreign ...Read More >
New Delhi: In a major breakthrough for Indian authorities, a court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, ruling that his arrest by Belgian authorities on India's request was valid. Officials said the order marks a significant step forward in India's efforts to bring Choksi back to face trial in the ₹13,000-crore Punjab National Bank (PNB) scam. Choksi, however, has the option to appeal the decision in a higher court in Belgium. "The order has come i ...Read More >
New Delhi, Oct 17 (PTI) A court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know of the development said. The order has come as a strong validation for India's case seeking his extradition, with Choksi having the option of appealing against the decision in a superior court in Belgium, they said. "The order has come in our favour. The court has termed his arres ...Read More >
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