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New Delhi, Apr 6 (PTI) Private sector Yes Bank on Monday said Vinay Muralidhar Tonse has taken charge as MD and CEO of the bank for three years. Tonse, a former MD of State Bank of India, replaced Prashant Kumar who completed his extended term on April 5. Tonse has taken charge as Managing Director & Chief Executive Officer of the bank with effect from April 6 on such terms and conditions, including remuneration, as approved by Reserve Bank of India and subject to the approval of the sharehold ...Read More >
Hyderabad: Aurobindo Pharma's board on Monday approved a Rs 800 crore share proposal to buy back up to 54.23 lakh fully paid-up equity shares of the company of face value Rs 1 each at Rs 1,475 a share.The proposed buyback, which is subject to regulatory and statutory approvals, represents up to 0.93% of the total number of equity shares in the company's total paid-up equity share capital.The Hyderabad-based generics drug maker informed the bourses that April 17, 2026, has been fixed as the recor ...Read More >
New Delhi, Apr 6 (PTI) Beauty and fashion retailer Nykaa (FSN E-Commerce Ventures) on Monday said it expects its consolidated net revenue growth to be in the "late twenties" for the fourth quarter ended March 31, 2026, marking its highest growth in the last 12 quarters. The company said the Q4 performance will come on the back of a sharp acceleration in its fashion vertical, coupled with sustained robust performance in its core beauty business. "Q4 FY2026 with Consolidated GMV growth expected ...Read More >
New Delhi: Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Import Bank, th ...Read More >
New Delhi, Apr 6 (PTI) Mesabi Metallics Company LLC, an Essar Group company, has secured USD 150 million in financing from Macquarie Group to support the planned third-quarter 2026 startup of its Direct Reduction (DR) grade iron ore mine and pellet plant in Minnesota. The latest funding follows a previously announced USD 520 million senior secured credit facility from Breakwall Capital, adding to a series of financing moves for the project, which has also received backing from the US Export-Imp ...Read More >
New Delhi: The Indian rupee opened 10 paise higher at 93 against the US dollar on Monday, as traders continued to unwind speculative positions in the offshore non-deliverable forwards (NDF) market. The domestic currency was trading at 93 per dollar in early trade, compared to its previous close of 93.10. Currency and fixed income markets remained closed on April 3 on account of Good Friday. The rupee has gained around 2 per cent over the past week following the Reserve Bank of India's (RBI) me ...Read More >
Mumbai, Apr 6 (PTI) The rupee gained 33 paise to 92.85 against the US dollar in early trade on Monday, following RBI's tightened rules to curb speculative positions, capping banks' net open positions at USD 100 million, even as global developments continued to act as a risk. Forex traders said the domestic unit continued to reel under pressure due to unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation. At the interb ...Read More >
New Delhi [India], April 6 (ANI): The Indian Markets opened in red on Monday as domestic indices reflected global anxiety over geopolitical developments. The BSE SENSEX stood at 73,206.60 points, down by 112.95 points or 0.15 per cent at 9:16 am. The NSE NIFTY 50 stood at 22,696.75 points with a decline of 16.35 points or 0.07 per cent. Wipro, Hindalco Industries, Titan and Trent are among major gainers on the Nifty while Kotak Mahindra Bank, Interglobe Aviation, Tata Steel, Bajaj Finance are a ...Read More >
New Delhi: Indian markets opened in the red on Monday, reflecting global anxiety over geopolitical developments. The BSE Sensex stood at 73,206.60 points, down by 112.95 points or 0.15 per cent at 9:16 am, while the NSE Nifty 50 was at 22,696.75 points, declining by 16.35 points or 0.07 per cent. Among Nifty stocks, Wipro, Hindalco Industries, Titan, and Trent were major gainers, whereas Kotak Mahindra Bank, InterGlobe Aviation, Tata Steel, and Bajaj Finance were among the top losers. Meanwhil ...Read More >
New Delhi [India], April 6 (ANI): The Indian Markets opened in red on Monday as domestic indices reflected global anxiety over geopolitical developments. The BSE SENSEX stood at 73,206.60 points, down by 112.95 points or 0.15 per cent at 9:16 am. The NSE NIFTY 50 stood at 22,696.75 points with a decline of 16.35 points or 0.07 per cent. Wipro, Hindalco Industries, Titan and Trent are among major gainers on the Nifty while Kotak Mahindra Bank, Interglobe Aviation, Tata Steel, Bajaj Finance are a ...Read More >
MUMBAI: In a tale where the sands seem to be slipping faster than they can be gathered, Sahara One Media and Entertainment Limited has reported another quarter of wafer-thin income and widening losses, even as a boardroom exit adds to the unease. The company informed the Bombay Stock Exchange that its board, in a meeting held on April 4, approved its unaudited financial results for the quarter ended September 30, 2025. The numbers paint a stark picture. Total income for the quarter stood at jus ...Read More >
Franklin Templeton has launched Sapphire Equity Long-Short SIF, its first offering under the SIF framework. The fund uses a quantitative strategy with long and short positions across Nifty 500 stocks. Designed for high-risk investors, it aims to generate alpha through dynamic allocation and disciplined risk management across market cycles. Franklin Templeton (India) has announced the launch of Sapphire Equity Long-Short SIF, its first offering under Specialised Investment Funds (SIF). It is an ...Read More >
Mumbai | Franklin Templeton (India) today announced the launch of Sapphire Equity Long‑Short SIF, its first offering under the Specialised Investment Funds (SIF). It is an Equity Long Short Fund under the SIF framework, investing across Nifty 500 stocks to enable diversified exposure across large, mid and small-cap segments. Sapphire Equity Long‑Short SIF aims to seek long-term capital appreciation across market cycles, through a proprietary, model-driven quantitative strategy, anchored in disci ...Read More >
New Delhi: Taxpayers have received a major relief regarding Long Term Capital Gains (LTCG) from the stock market. The government has now allowed LTCG of up to Rs 1.25 lakh to be reported in the simpler ITR-1 form. This applies to gains from listed shares and equity mutual funds. Earlier, even a small LTCG required taxpayers to file ITR-2, which is more complex. With this change, small investors can now avoid complicated tax forms and file returns more easily. Who Benefits the Most? This move ...Read More >
AgriTech investment across the region peaked at over $750 million in 2022 before falling nearly 70 per cent by 2025 | Representative Image Southeast Asia sits on one of the world's largest untapped agricultural technology opportunities, and India's evolution in venture capital and governance offers one of the most instructive models for unlocking it, according to a recent report by Omnivore, Beanstalk AgTech, and Briter. Agriculture contributes about 15 per cent of GDP and employs up to 40 per ...Read More >
New Delhi [India], April 3 (ANI): Digitalisation and AgriTech adoption in Southeast Asia could unlock a whopping $90 billion in annual GDP gains by 2033, with India leading the way, according to a study authored by Omnivore, Beanstalk AgTech, and Briter. The study argues that digitalisation and increased adoption could unlock these annual GDP gains by 2033, detailing how the region is currently navigating a sharp market correction. AgriTech investment across Southeast Asia peaked at over USD 75 ...Read More >
New Delhi [India], April 3 (ANI): Digitalisation and AgriTech adoption in Southeast Asia could unlock a whopping $90 billion in annual GDP gains by 2033, with India leading the way, according to a study authored by Omnivore, Beanstalk AgTech, and Briter. The study argues that digitalisation and increased adoption could unlock these annual GDP gains by 2033, detailing how the region is currently navigating a sharp market correction. AgriTech investment across Southeast Asia peaked at over USD 75 ...Read More >
Pune (Maharashtra) [India], April 3: Mahindra International School (MIS), Pune, hosted a landmark visit by two senior leaders of the Council of International Schools (CIS): Jane Larsson, Executive Director, and Dr. Sudha Govindswamy Sunder, Associate Director of School Support and Evaluation. Also Read | Delhi Police Files FIR Over Alleged FSSAI Document Tampering, Seeks X Account Details in Defamation Probe. A historic milestone for international education in India: Mahindra International Sch ...Read More >
PRNewswire Pune (Maharashtra) [India], April 3: Mahindra International School (MIS), Pune, hosted a landmark visit by two senior leaders of the Council of International Schools (CIS): Jane Larsson, Executive Director, and Dr. Sudha Govindswamy Sunder, Associate Director of School Support and Evaluation. A historic milestone for international education in India: Mahindra International School, the country's first CIS-accredited institution, welcomes the Council of International Schools (CIS) lea ...Read More >
Stock markets end lower for 6th straight week over West Asia conflict Mumbai: Indian equity markets closed lower for the sixth consecutive week amid escalating geopolitical tensions in West Asia and sharp currency fluctuations, with both headline indices ending in the red during a shortened four-day trading week. Sensex ended at 73,319.55 on Thursday, down 263.67 points or 0.35 per cent, compared to the previous Friday's close. Nifty 50 settled at 22,713.10, a decline of 106.50 points or 0.46 ...Read More >
CHENNAI: AI firm LatentView Analytics has invested $3 million (about Rs 28 crore) in US-based agentic AI start-up Healtheon AI to target revenue cycle management vertical in the healthcare sector, the company said in a regulatory filing. The investment has been made through SAFE Notes (Simple Agreement for Future Equity Notes) on April 1. "We wish to inform that LatentView Analytics Corporation (Incorporated in New Jersey), a material and wholly-owned subsidiary of the company has executed a s ...Read More >
Mumbai, April 2: The rupee logged one of its steepest single-day gains in many years and settled 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At the interbank fo ...Read More >
Stock Market Live Updates: Indian equity benchmarks are likely to witness a sharp decline at the open as oil prices climbed more than $4 on Thursday after US President Donald Trump said the United States would continue to attack Iran, including energy and oil targets over the next few weeks, and did not commit to a specific timeline to end the war. This comes a day after both BSE Sensex and NSE Nifty50 ended Wednesday's session on a positive note, signalling an overall upbeat market mood. Here ...Read More >
The automotive business accounts for 40% of the company's revenue, and it is now sharpening its focus on lightweighting and NVH solutions, aligning with India's shift to electric mobility Germany-based Freudenberg Group's Indian arm is sharpening its focus on the electric mobility transition, with strategic emphasis on lightweighting and advanced noise, vibration and harshness (NVH) solutions. This move aligns with the Indian auto industry's transition towards new energy vehicles (NEVs). Freud ...Read More >
New Delhi, Apr 2 (PTI) Homegrown FMCG firm Marico on Thursday said its revenue in the March quarter of FY26 "grew in the low twenties year-on-year" on a year-on-year basis, led by pricing, its hair oil and international business. During the quarter, the FMCG sector witnessed a "stable demand sentiment", however, the macroeconomic impact of the evolving geopolitical situation in the Middle East is a key "monitorable", Marico said in its quarterly updates. However, Marico remains hopeful of a gr ...Read More >
New Delhi, Apr 2 (PTI) Margin pressure for Indian banks could increase, as the Reserve Bank of India's (RBI) flexibility to inject local-currency liquidity into the banking system has narrowed amid efforts to contain rupee volatility, a report said on Thursday. However, banks' direct foreign-currency risks remain limited, Fitch Ratings said in a report. "Sector margins could decline by 20-30 bps below our current 3.1 per cent forecast for the financial year ending March 31, 2027 (FY27) if high ...Read More >
New Delhi, Apr 2 (PTI) Nearly two and a half years after acquiring a minority stake in Axiom Ayurveda, home-grown FMCG major Emami on Thursday said it will acquire the remaining 73.5 per cent stake in the maker of 'AloFrut' juice in a deal estimated to be around Rs 200 crore. Emami has "has executed a definitive agreement on April 1, 2026, to acquire the remaining 73.5 per cent stake in Axiom Ayurveda," the Kolkata-headquartered firm said in a regulatory filing. This acquisition is "subject to ...Read More >
New Delhi: The new Income-tax Act and budgetary provisions, including higher STT on speculative F&O trades, lower TCS on overseas tour packages and liberalised remittance scheme for medical and education purposes, will get into force from April 1. A 20-year tax holiday for any foreign company that procures data centre services in India and new safe harbour provisions with a higher threshold for software firms will also be effective from Wednesday with the start of the 2026-27 fiscal. The Incom ...Read More >
Indian equity benchmarks fell sharply as U.S. President Donald Trump's speech on Middle East tensions unsettled investors. Sensex and Nifty 50 dropped over two percent. Experts highlight the lack of a ceasefire as a key factor. Rising oil prices add pressure, as markets await further developments. Indian equity benchmarks experienced a significant drop in the early hours of Thursday trade, following U.S. President Donald Trump's address about the ongoing conflict in the Middle East. The BSE Sen ...Read More >
Mumbai: IRB Infrastructure has completed a major bonus share issuance, significantly expanding its equity base. IRB Infrastructure's board committee approved the allotment of 603,90,00,000 bonus equity shares. The issuance follows earlier announcements in February and March 2026, confirming the company's move to reward shareholders through a stock-based distribution. The bonus shares were issued in a 1:1 ratio, meaning shareholders received one additional share for every existing share held. E ...Read More >
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