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New Delhi, July 15 (SocialNews.XYZ) The Reserve Bank of India (RBI) will deliver a final 25 basis point rate cut in the December monetary policy committee (MPC) meeting, taking the repo rate to 5.25 per cent by the end of 2025, a report said on Tuesday. Considering the ease in inflation in recent months, the RBI may leave the repo rate unchanged in the next two MPCs. "We forecast a pause in the August and October meetings. However, we believe the RBI will deliver a final 25bp rate cut in the D ...Read More >
New Delhi, Jul 8 (PTI) The initial public offer of Travel Food Services Ltd got subscribed 25 per cent on the second day of bidding on Tuesday. The initial public offering (IPO) received bids for 33,02,858 shares against 1,34,12,842 shares on offer, according to data available with the NSE. Also Read | Bodoland Lottery Result Today, July 08, 2025: Assam State Lottery Sambad Tuesday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. The quota for Retail Individual Investors ( ...Read More >
New Delhi, Jul 7 (PTI) The initial public offer of Travel Food Services Ltd got subscribed 10 per cent on the first day of bidding on Monday. The IPO received bids for 13,90,766 shares against 1,34,12,842 shares on offer, according to NSE data. The Retail Individual Investors' portion was booked 14 per cent while the quota for Qualified Institutional Buyers (QIBs) got subscribed by 7 per cent. Non-Institutional Investors portion received 6 per cent subscription. Travel Food Services, operatin ...Read More >
New Delhi, Jul 4 (PTI) Travel Food Services, operating a travel quick-service restaurant and a lounge business across airports in India and Malaysia, on Friday said it has raised nearly Rs 600 crore from anchor investors, days before its IPO opening for public subscription. Among the anchor investors are ICICI Prudential Mutual Fund (MF), Axis MF, Kotak MF, Baroda BNP Paribas MF, Abu Dhabi Investment Authority, Fidelity and Government Pension Fund Global, according to a circular uploaded on BSE ...Read More >
Mumbai, Jul 4 (PTI) The rupee appreciated 15 paise to close at 85.40 against the US dollar on Friday, tracking a decline in the American currency in the overseas market and a weak tone in crude oil prices. Forex traders said Asian currencies, including the rupee, gained ground on renewed hopes of trade deals with the US. US President Donald Trump announced a trade agreement with Vietnam, and that injected a dose of optimism that perhaps more such agreements could be in the pipeline before the ...Read More >
Pune (Maharashtra) [India], July 4 (ANI): Amidst the ongoing Marathi-non-Marathi row, a group of Maharashtra Navnirman Sena (MNS) workers allegedly stormed a man's residence in the Vanaz area of the city on Thursday and threatened to assault him over an objectionable social media post targeting MNS chief Raj Thackeray. The man, identified as Kedar Soman, had reportedly posted a comment on Facebook that MNS workers found offensive and disrespectful to their leader. Enraged by the post, a group o ...Read More >
NEW DELHI: Activity in the country's service sector rose to a 10-month high in June as new orders increased and overseas demand strengthened, leading to job creation in the sector, a survey showed on Thursday.The HSBC India Services PMI business activity index, based on a single question asking how the level of business activity compares with the situation in the month before, rose from 58.8 in May to 60.4 in June. Companies linked the upturn to positive demand trends and ongoing improvements in ...Read More >
MUMBAI: Higher demand for both goods and services strengthened in June, with aggregate new business activity rising at the fastest pace since August 2024, driven by a record surge in international demand, says a private survey report. The new PMI comes within days of the same survey reporting earlier this week that manufacturing sector activity rose to a 14-month high at 58.4 in June on the back of expansion in output, new orders, and job creation. The manufacturing PMI stood at 57.6 in May, 58 ...Read More >
Investing.com -- India's services sector showed strong growth in June, driven by robust demand and easing price pressures, according to a survey released Thursday. The HSBC final India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 60.4 in June from 58.8 in May. This figure was slightly below the preliminary estimate of 60.7. The index remained well above the 50.0 threshold that separates growth from contraction in business activity, indicating continued expansion ...Read More >
BENGALURU (Reuters) -India's services sector enjoyed its strongest growth in ten months in June, fuelled by robust demand and cooling price pressures, a survey showed on Thursday. The HSBC final India Services Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 60.4 in June from 58.8 in May, but was a touch lower than a preliminary estimate of 60.7. The PMI threshold of 50.0 separates growth in activity from contraction. The new business sub-index - a key gauge of demand - ro ...Read More >
BENGALURU: India's services sector enjoyed its strongest growth in ten months in June, fuelled by robust demand and cooling price pressures, a survey showed on Thursday. The HSBC final India Services Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 60.4 in June from 58.8 in May, but was a touch lower than a preliminary estimate of 60.7. The PMI threshold of 50.0 separates growth in activity from contraction. The new business sub-index - a key gauge of demand - rose sharply ...Read More >
New Delhi: Retail registrations in the Indian automobile market outpaced wholesale dispatches across key segments in June 2025, a new report said on Wednesday. While two-wheeler (2W) retail demand continued at a slow pace, commercial vehicles (CVs) and passenger vehicles (PVs) saw a jump in retail sales -- mainly driven by deep discounts, according to HSBC Global Research. The report also highlighted strong tractor sales, supported by early and widespread monsoons, and noted a rising adoption o ...Read More >
Mumbai, Jul 2 (PTI) Benchmark BSE Sensex declined by 287 points on Wednesday due to profit selling in HDFC Bank, L&T and Reliance Industries shares and caution ahead of the impending US tariff deadline. Paring its early gains, the BSE Sensex closed lower by 287.60 points or 0.34 per cent at 83,409.69. During the day, it dropped 546.52 points or 0.65 per cent to 83,150.77. The 50-share NSE Nifty declined by 88.40 points or 0.35 per cent to settle at 25,453.40. Flight of foreign capital from eq ...Read More >
Bengaluru - Tenneco Clean Air India Limited, part of the US headquartered Tenneco Group, a key global Tier I automotive component supplier (Source: CRISIL Report) has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). Tenneco Mauritius Holdings Limited, Tenneco (Mauritius) Limited, Federal-Mogul Investments B.V., Federal-Mogul Pty LTD, and Tenneco LLC are the promoters of the company. The offer comprises an Offer for Sale aggregating up to ₹3000 crore ...Read More >
New Delhi: Activity in the country's manufacturing sector rose to a 14-month high in June as new orders, including those from overseas, surged, triggering a record upturn in employment, results of a survey showed on Friday.The HSBC India Manufacturing Purchasing Managers' Index (PMI) rose to 58.4 in June, up from 57.6 in May. The headline figure was above its long-run average of 54.1 and pointed to a robust improvement in health of the sector. The 50-point mark separates expansion from contracti ...Read More >
New Delhi: India's manufacturing activity rose to a 14-month high of 58.4 in June, driven by strong growth in output and new orders, a private survey showed. The HSBC Purchasing Managers Index (PMI), compiled by S&P Global, was 57.6 in May and 58.3 in June 2024. The manufacturing sector closed the first quarter of the current fiscal year on a strong note, with an average PMI reading of 58.1. It was 57.4 in the previous quarter and 58.2 a year earlier. "Robust end-demand fuelled expansions in ...Read More >
Mumbai, Jul 1 (PTI) Rupee appreciated 17 paise to close at 85.59 against the US dollar on Tuesday, supported by weakness of the American currency in the overseas market and a positive tone in the domestic equities amid rise in risk appetite. Forex traders said the US dollar is trading at lowest levels since February 2022 as President Donald Trump's growing influence on Federal Reserve policy revived fears over the central bank's independence. Moreover, Brent crude prices remained subdued, offe ...Read More >
Mumbai, Jul 1 (PTI) Rupee appreciated 17 paise to close at 85.59 against the US dollar on Tuesday, supported by weakness of the American currency in the overseas market and a positive tone in the domestic equities amid rise in risk appetite. Forex traders said the US dollar is trading at lowest levels since February 2022 as President Donald Trump's growing influence on Federal Reserve policy revived fears over the central bank's independence. Moreover, Brent crude prices remained subdued, offe ...Read More >
New Delhi: Maintaining the pace of India's growing economy, the country's gross goods and services tax or GST mop-up in June stood at Rs 1.85 lakh crore, marking a 6.2 per cent increase compared to the same month last year, while India's manufacturing sector activity rose to a 14-month high in June on the back of expansion in output, new orders, and job creation, two separate data showed on Tuesday. However, the finance ministry said that the government's focus on GST, which completes eighth ye ...Read More >
Bengaluru, India | 01 July 2025 - Endiya Partners, in collaboration with the Pullela Gopichand Badminton Academy, successfully concluded the first edition of Game On!, a high-energy sports tournament designed to promote wellbeing, leadership, and community within India's startup ecosystem The tournament was held on 21 June 2025 at Lakshyan Sports Academy, Bengaluru, and brought together 250+ participants from 50+ unique early and growth-stage startups, venture capital firms, and ecosystem enabl ...Read More >
New Delhi: India's manufacturing sector growth rose to a 14-month high of 58.4 in June, marked by improved trends in output and new orders, alongside a record upturn in employment, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index -- an indicator of sector performance -- was 57.6 in May. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction. "India's manufacturi ...Read More >
New Delhi, Jul 1 (PTI) India's manufacturing sector growth rose to a 14-month high of 58.4 in June marked by improved trends in output and new orders, alongside a record upturn in employment, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index - an indicator of sector performance - was 57.6 in May. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction. "India's ma ...Read More >
New Delhi [India], July 1 (ANI): India's manufacturing sector ended the first quarter of the financial year on a high note, as shown by the HSBC India Manufacturing Purchasing Managers' Index (PMI), which rose to 58.4 in June from 57.6 in May. According to HSBC, this is the highest level in 14 months and well above the long-term average of 54.1, indicating a strong improvement in business conditions. One of the key highlights in June was a sharp rise in international orders. Export demand incr ...Read More >
New Delhi: India's manufacturing sector activity rose to a 14-month high in June on the back of expansions in output, new orders, and job creation, a private survey showed on Monday. The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 58.4 in June, up from 57.6 in May from 58.2 in April and 58.1 in March. India's manufacturing PMI was 56.3 in February and 57.7 in January. A reading above 50 indicates expansion. To be sure, the headline figure was abo ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More >
Mumbai: Tenneco Clean Air India Ltd, a subsidiary of global auto component supplier Tenneco Group, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public offering (IPO) of Rs 3,000 crore. The issue is a pure offer for sale by promoter Tenneco Mauritius Holdings Ltd, with no fresh issue of shares. Accordingly, the company will not receive any proceeds from the IPO. Tenneco Clean Air India operates 12 manufacturing facilities and p ...Read More >
New Delhi, June 30 (SocialNews.XYZ) The number of new companies registered in India surged by 29 per cent year-on-year in May this year to 20,718, reflecting the acceleration in economic activity, according to the latest monthly bulletin released on Monday by the Ministry of Corporate Affairs. The total number of registered companies in the country as on May 31, 2025, has now gone up to 28,96,943, of which 65 per cent (18,90,305) are active. There is an increase of 0.2 per cent in the total pro ...Read More >
Mumbai: MARS Growth Capital has infused an additional $50 million in Infra.Market and extended the term of its existing financing of $100 million by five years as the building materials platform prepares for an initial public offering later this year. MARS, a joint venture between private credit firm Liquidity and MUFG Bank, has invested about $150 million in the IPO-bound company with this transaction, Infra.Market said in a statement on Monday. The first tranche of $100 million, which had ...Read More >
As a precursor to monetisation, sources said, banks should improve governance, professional decision-making and bring in greater operational efficiency in their subsidiaries. The finance ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise a good return. There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in ...Read More >
New Delhi, Jun 29 (PTI) The finance ministry has asked public sector banks (PSBs) to look at monetising their investment in subsidiaries by listing them at bourses after further scaling up operations so that they realise good return. There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term, sources said. Wherever required banks should invest funds to scale up operations of their subsidiaries or joint ventures, sources s ...Read More >
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