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Mumbai, Apr 8 (PTI) Indian bond yields ended nearly 0.15 per cent lower on Wednesday, taking comfort from the conditional ceasefire in the West Asia conflict, and Reserve Bank of India (RBI) maintaining the status quo on policy rate. According to the Clearing Corporation of India (CCIL), the 10-year benchmark bond yield ended 6.8984 per cent compared to 7.0443 per cent at the previous close. Even though bond yields have eased, the central bank, in the monetary policy report, has projected 10-y ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank of India on Wednesday said "excessive speculation" on the rupee prompted surprise actions on the currency front in the last fortnight, but clarified that its measures will not remain forever. "In the last few weeks of March, we have witnessed heightened volatility in the foreign exchange market. These measures are reactions to the specific market movements. They are not signalling any structural changes. These are not measures going to remain forever," Malho ...Read More >
New Delhi, Apr 8 (PTI) Finance Minister Nirmala Sitharaman on Wednesday said the Pradhan Mantri MUDRA Yojana, focused on funding the unfunded, will continue to empower entrepreneurs to make them active participants in the nation's journey to become Viksit Bharat by 2047. On the occasion of the 11th anniversary of the Pradhan Mantri MUDRA Yojana (PMMY), Sitharaman said India witnessed a silent transformation where crores of ordinary citizens stepped into entrepreneurship with newfound confidence ...Read More >
New Delhi, Apr 6 (PTI) Falling for the second day in a row, shares of Reliance Industries on Monday dropped over 3 per cent on the bourses. The bellwether stock declined 3.41 per cent to settle at Rs 1,304.75 on the BSE. During the day, it dropped 4.50 per cent to Rs 1,290. At the NSE, the stock edged lower by 3.39 per cent to Rs 1,304.70. In two trading days, the stock has lost 4.68 per cent, wiping out Rs 86,743.14 crore from its market valuation. The company's market valuation slipped belo ...Read More >
New Delhi, Apr 3 (PTI) The one-time duty concession to manufacturing units in SEZs will provide them with limited domestic market access while preserving their export-oriented character, experts said on Friday. However, the relatively modest duty relief somewhat diminishes the extent of the potential benefits to these special economic zones (SEZs), as it is not structured around the principle of duty forgone, they added. "Consequently, the measure falls short of fully addressing the import sub ...Read More >
New Delhi, Mar 30 (PTI) Gaming and sports media firm Nazara Technologies on Monday said its board has approved a proposal to raise Rs 500 crore through a preferential issue of warrants. The funds raised through the instrument will mainly support strategic acquisitions, including the recently announced deals for Bluetile and BestPlay, and accelerate growth across the company's existing business verticals. The company will issue up to 1.92 crore (1,92,31,000) warrants at Rs 260 apiece, which inc ...Read More >
New Delhi, Mar 30 (PTI) The government on Monday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the eighth straight quarter, beginning April 1, 2026. "The rates of interest on various Small Savings Schemes for the first quarter of FY 2026-27, starting from April 1, 2026, and ending on June 30, 2026, shall remain unchanged from those notified for the fourth quarter (January 1, 2026 to March 31, 2026) of FY 2025-26," the finance ministry said in a noti ...Read More >
The Indian Premier League (IPL) 2026 season has barely begun, but it has already delivered its first major controversy. Following Kolkata Knight Riders' (KKR) six-wicket defeat to Mumbai Indians (MI) at the Wankhede Stadium, a pointed remark from captain Ajinkya Rahane has triggered a wider debate - forcing Cricket Australia (CA) to step in with a clarification. At the centre of the storm is Cameron Green, KKR's high-profile signing worth INR 25.20 crore, who did not bowl a single over despite ...Read More >
New Delhi, Mar 30 (PTI) India's industrial production grew 5.2 per cent in February, mainly due to an improvement in manufacturing output, according to official data released on Monday. The factory output, measured in terms of the Index of Industrial Production (IIP), expanded by 2.7 per cent in February 2025, an official statement said. The National Statistics Office (NSO) revised the industrial production growth for January 2026 to 5.1 per cent from the provisional estimate of 4.8 per cent r ...Read More >
New Delhi, Dec 17 (PTI) Parliament on Wednesday passed a bill to raise FDI in the insurance sector to 100 per cent from the current 74 per cent, which is expected to increase insurance penetration, lower premiums, and boost job creation. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha. The House also rejected several amendments made by the Opposition to the bill, including the one ...Read More >
New Delhi, Dec 17 (PTI) Biopharmaceutical firm Bristol Myers Squibb (BMS) and IT services company Accenture on Wednesday announced the opening of a new AI-powered content hub, Mosaic, in Mumbai. The generative AI-enabled facility is designed to accelerate BMS's global commercialisation strategy through enhanced digital capabilities, enabling the rapid creation of hyper-personalised, patient-centric content tailored for healthcare professionals, according to a joint statement. The launch of Mos ...Read More >
Mumbai, Dec 17 (PTI) Market regulator Sebi at its board meeting on Wednesday approved wide-ranging reforms, including a proposal to simplify the offer document by companies seeking to raise funds. It also cleared a proposal to enhance mutual fund transparency by breaking down Total Expense Ratio (TER), said a release. The proposal to simplify the offer document summary will enable investors to make informed decisions, it added. It also allowed debt issuers to offer incentives in public issues ...Read More >
New Delhi, Dec 17 (PTI) The domestic steel demand is estimated to grow by around 8 per cent in FY26, but softer steel prices will keep margins under pressure for producers, rating agency ICRA said on Wednesday. In a report, Icra projected the industry's operating margin to remain flat at about 12.5 per cent in FY26, lower than earlier expectations of an improvement. "While we project steel demand growth to remain healthy at 8 per cent for FY26, incremental supply has created a temporary surplu ...Read More >
New Delhi, Nov 16 (PTI) Nearly half of Indian enterprises have moved beyond AI pilots to active deployment, with 47 per cent reporting multiple Generative AI use cases now live in production, according to a joint EY-CII report. However, despite strong belief in AI's promise, investment levels remain conservative, with more than 95 per cent of firms maintaining AI and ML budgets below 20 per cent of overall IT spending. "...nearly half of Indian enterprises (47 per cent) now have multiple Gener ...Read More >
New Delhi, Oct 24 (PTI) Gold prices tanked to Rs 1,25,600 per 10 grams in the national capital on Friday amid weak trends in the international markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,32,400 per 10 grams on October 18. Gold of 99.5 per cent purity slumped to Rs 1,25,000 per 10 grams (inclusive of all taxes). It had settled at Rs 1,31,800 per 10 grams on Saturday. In the local bullion market, silver prices also tumble ...Read More >
New Delhi, Oct 24 (PTI) Ponni Sugars (Erode) Ltd on Friday reported a 26 per cent increase in its net profit to Rs 14.56 crore for the second quarter of this fiscal. Its profit stood at Rs 11.53 crore in the year-ago period. The total income of the Chennai-based company rose to Rs 114.71 crore during the July-September period of this fiscal from Rs 98.10 crore in the corresponding period of the preceding financial year, according to a regulatory filing. PTI MJH MJH BAL BAL ...Read More >
New Delhi, Oct 1 (PTI) Gold prices rallied by Rs 1,100 to breach the Rs 1.21 lakh per 10 grams mark in the national capital on Wednesday, tracking firm global cues amid the US government shutdown after Congress failed to approve fresh federal funding. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity jumped Rs 1,100 to hit a fresh peak of Rs 1,21,100 per 10 grams (inclusive of all taxes). It had closed at Rs 1,20,000 per 10 grams on Tuesday. In the local ...Read More >
New Delhi, Sep 30 (PTI) Imagine Marketing Limited (IML), the parent company of audio and wearable brand boAt, on Tuesday announced the appointment of Gaurav Nayyar as its new Chief Executive Officer. He will succeed the company's co-founder Sameer Mehta. Nayyar, who has served as boAt's Chief Operating Officer for three years, brings over 20 years of experience, including eight years as a Partner at Bain & Company. He will now lead the company's efforts to build on its market leadership and ex ...Read More >
New Delhi, Sep 29 (PTI) The initial public offer of Jinkushal Industries attracted 65.10 times subscription on the final day of share sale on Monday. The IPO received bids for 43,75,69,560 shares against 67,21,048 shares on offer, according to NSE data. The component meant for non-institutional investors received 146.39 times subscription, and the category for retail-individual investors (RIIs) was subscribed 47.10 times. The qualified institutional buyers (QIBs) portion garnered 35.66 times s ...Read More >
New Delhi, Sep 29 (PTI) The initial share sale of telecom infrastructure solutions provider Pace Digitek received 55 per cent subscription on the second day of offering on Monday. The IPO received bids for 1,50,49,352 shares against 2,76,06,555 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 78 per cent, and retail individual investors (RIIs) received 62 per cent subscription. Qualified institutional buyers (QIBs) quota fetched 23 per cent su ...Read More >
New Delhi, Sep 29 (PTI) The initial public offer of Fabtech Technologies Ltd, a turnkey engineering solutions provider for the pharmaceuticals, biotech and healthcare industry, received 70 per cent subscription on the first day of the share sale on Monday. The IPO got bids for 84,20,325 shares against 1,20,60,000 shares on offer, according to NSE data. The quota for qualified institutional buyers (QIBs) was subscribed 77 per cent, and the retail individual investors (RIIs) category received 70 ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UP ...Read More >
New Delhi, Sep 29 (PTI) The country's industrial production grew at 4 per cent in August, mainly due to better performance by the mining sector, according to government data released on Monday. The Index of Industrial Production (IIP) growth rate for July has been revised upwards to 4.3 per cent from an earlier estimate of 3.5 per cent. The growth rates of the three sectors, mining, manufacturing and electricity, for August 2025 were 6 per cent, 3.8 per cent and 4.1 per cent, respectively. PTI ...Read More >
New Delhi, Sep 12 (PTI) Home-grown FMCG products maker Marico has announced the acquisition of the remaining 46.02 per cent shares of HW Wellness Solutions, which owns the True Elements brand. This will be done for a consideration of "up to Rs 138 crore" towards the acquisition of the balance 46.02 per cent equity stake in HW Wellness, Marico said in a regulatory filing. The deal will make the Pune-based packaged foods company a fully-owned subsidiary of Marico, which earlier invested in HW We ...Read More >
New Delhi, Sep 3 (PTI) Union Agriculture Minister Shivraj Singh Chouhan is scheduled to visit the flood-hit areas in Punjab on Thursday. The minister will visit villages in Amritsar, Gurudaspur, and Kapurthala districts, and interact with the affected farmers, sources said. Chouhan will also review the extent of crop damage with state officials and chalk out measures to extend assistance to farmers, an official statement said. The Union Minister has already discussed in detail the situation w ...Read More >
Mumbai, Aug 25 (PTI) Non-bank lender Altum Credo on Monday announced a Rs 170 crore fund raise from existing investor UK's development finance institution and impact investor British International Investment (BII). The funding will help the Pune-headquartered affordable housing-focused lender expand its operations in the country, as per a statement. The company has served over 15,000 customers in six states covering southern and western India, and manages assets of over Rs 1,000 crore. The in ...Read More >
New Delhi, Aug 25 (PTI) Infrastructure EPC company Vikran Engineering on Monday said it has mobilised Rs 231.6 crore from anchor investors a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from various investors, including Bank of India Mutual Fund (MF), ITI MF, Samco MF, SBI General Insurance, IMAP India, Bengal Finance and Investment, VPK Global, and Societe Generale, among others, according to a circular uploaded on the BSE websi ...Read More >
New Delhi, Aug 22 (PTI) The high-powered GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on September 3-4 to discuss moving to a two-slab taxation. In an office memorandum, the GST Council Secretariat said the two-day meeting will be held in New Delhi. The council, comprising finance ministers of all states and UTs besides the Centre, will deliberate on the recommendations by the three GoMs on rate rationalisation, compensation cess and health and life insurance. The Gr ...Read More >
New Delhi, Aug 21 (PTI) The initial share sale of Patel Retail Ltd was subscribed 95.70 times as the three-day IPO drew to a close on Thursday. The Rs 242.76-crore initial public offer received bids for 74,79,89,402 shares against 78,15,612 shares on offer, according to data available with the NSE. Qualified institutional buyers (QIBs) received a whopping 272.43 times subscription, while the quota for non-institutional investors got subscribed 108.17 times. The retail individual investors (RII ...Read More >
New Delhi, Aug 3 (PTI) Hiring in the IT services sector has remained stagnant over the past six to seven quarters, with no active demand likely to pick up in the second quarter either, a top official from staffing firm Quess Corp has said. Quess Corp ED and CEO Guruprasad Srinivasan told PTI that demand for technology talents is coming from global capability centres and non-IT companies. "At least for the last six to seven quarters. And we are also not seeing very active demand coming in, even ...Read More >
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