Kuwait Is Discussing Cancellation of Oil Project Tenders Worth $8.7 Billion, Says Report; L&T Shares Fall 3%: Here’s Why
A recent report has revealed that Kuwait is considering the cancellation of oil project tenders…
Kuwait Is Discussing Cancellation of Oil Project Tenders Worth $8.7 Billion, Says Report; L&T Shares Fall 3%: Here’s Why
A recent report has revealed that Kuwait is considering the cancellation of oil project tenders worth $8.7 billion, sparking concerns across global energy and infrastructure markets. The news has had a direct impact on Indian engineering giant Larsen & Toubro (L&T), whose shares fell by nearly 3% in trading, as investors weighed the potential implications…
FICCI Pushes for Establishment of Electronics Park for Budget 2026-27
The Federation of Indian Chambers of Commerce and Industry (FICCI) has strongly advocated for the creation of a dedicated electronics park in India as part of the upcoming Union Budget 2026-27. The proposal aims to accelerate India’s ambitions of becoming a global hub for electronics manufacturing, reduce import dependency, and strengthen the country’s position in…
India Will Continue to Attract Overseas Investments Due to Strong Growth, Says RBI Governor Malhotra
India’s economic resilience and robust growth trajectory will ensure a steady inflow of overseas investments in the coming years, according to Reserve Bank of India (RBI) Governor Malhotra. Speaking at a financial summit, Malhotra emphasized that India’s strong fundamentals, expanding domestic demand, and structural reforms have positioned the country as one of the most attractive…
Just Dial Shares in Focus on Mixed Q3 Earnings
India’s leading local search engine and digital services company Just Dial has reported its Q3 earnings, which presented a mixed picture for investors and analysts. While certain segments showed resilience and growth, others reflected challenges in monetization and rising costs. As a result, Just Dial shares are in focus, with market participants closely evaluating the…
World Bank Retains India FY27 GDP Growth Forecast of 6.5%
The World Bank has reaffirmed its forecast for India’s GDP growth at 6.5% in FY27, underscoring the country’s resilience amid global economic uncertainties. This projection highlights India’s strong domestic demand, robust investment climate, and structural reforms that continue to drive growth momentum. Despite challenges such as inflationary pressures, geopolitical tensions, and global trade disruptions, India…
India’s New Labour Codes Could Wipe Out Up to a Fifth of IT Profits, Jefferies Warns
India’s upcoming labour code reforms are expected to reshape the employment landscape, but global brokerage firm Jefferies has warned that these changes could have a significant impact on the country’s information technology (IT) sector, potentially eroding up to 20% of industry profits. The warning comes at a time when IT companies are already grappling with…
Shadowfax to Launch IPO Next Week at Rs 7,400-Crore Valuation: Sources
India’s fast-growing logistics and delivery services startup Shadowfax is set to make its debut on the public markets with an Initial Public Offering (IPO) next week, targeting a valuation of Rs 7,400 crore, according to sources familiar with the matter. The IPO is expected to be one of the most closely watched listings in India’s…
Flipkart Co-Founder Binny Bansal Denied Tax Relief as ITAT Rejects ‘Non-Resident’ Status Claim
In a significant ruling that has drawn attention across India’s corporate and taxation circles, the Income Tax Appellate Tribunal (ITAT) has denied tax relief to Flipkart co-founder Binny Bansal, rejecting his claim of being a “non-resident” for tax purposes. The decision underscores the importance of residency rules in India’s taxation framework and highlights the growing…
US Sanctions Unlikely to Deter Indian Appetite for Russian Oil, Imports May Pick Up in January: Kpler
India’s energy strategy continues to draw global attention as reports suggest that US sanctions on Russian oil are unlikely to deter India’s appetite for discounted crude. According to energy analytics firm Kpler, Indian imports of Russian oil may even pick up in January 2026, highlighting the country’s pragmatic approach to securing affordable energy supplies amid…
India’s Net Direct Tax Collections in FY26 Rise, Grow 8.82% to Rs 18.38 Lakh Crore Till Jan 11
India’s fiscal performance continues to show resilience as net direct tax collections for FY26 have recorded a robust growth of 8.82%, reaching Rs 18.38 lakh crore by January 11, 2026. The figures highlight the strength of the country’s tax administration, improved compliance, and the buoyancy of the economy despite global uncertainties. Background of Direct Tax…
