JSW Steel Arm Completes $74.24 Million Acquisition of 92% Stake in Minas de Revuboe
JSW Steel, one of India’s largest steel producers, has announced that its subsidiary has successfully…
JSW Steel Arm Completes $74.24 Million Acquisition of 92% Stake in Minas de Revuboe
JSW Steel, one of India’s largest steel producers, has announced that its subsidiary has successfully completed the acquisition of a 92% stake in Minas de Revuboe (MdR), a coal mining company based in Mozambique, for $74.24 million. This strategic move strengthens JSW Steel’s raw material security and enhances its global footprint in the metallurgical coal…
ICICI Bank Revises India’s FY27 GDP Growth Forecast to 6.9%
ICICI Bank has revised India’s GDP growth forecast for FY27 to 6.9%, reflecting optimism about the country’s economic trajectory while acknowledging global and domestic challenges. This updated projection highlights India’s resilience amid global uncertainties, inflationary pressures, and evolving trade dynamics. Why the Revision Matters GDP forecasts are critical for policymakers, investors, and businesses. ICICI Bank’s…
Govt Directs RBI to Maintain Retail Inflation at 4% Till March 2031
The Government of India has formally asked the Reserve Bank of India (RBI) to maintain retail inflation at 4% with a tolerance band of ±2% until March 2031. This long-term directive underscores the country’s commitment to price stability, economic resilience, and sustainable growth. By extending the inflation target for five more years, policymakers aim to…
Global Energy Shock Not Just India’s Problem: Neelkanth Mishra Warns 4% Supply Hit Could Drag World GDP
The global economy is entering a precarious phase where energy shocks are no longer confined to one region or country. Neelkanth Mishra, a prominent economist and policymaker, has warned that a 4% disruption in global energy supply could drag down world GDP significantly, underscoring that this is not just India’s problem but a challenge for…
Markets Cannot Relax Even If Iran War Ends Tomorrow: Ex-Goldman Sachs CEO Explains Why
Global markets are facing a period of heightened uncertainty, and according to a former Goldman Sachs CEO, the challenges will not disappear even if the ongoing Iran war were to end immediately. His remarks highlight the deeper structural issues in the global economy, ranging from inflationary pressures to geopolitical realignments, that continue to weigh on…
RBI’s April 1 Broker Rules: Understanding 40% Haircuts and Cash Mandates
The Reserve Bank of India (RBI) has introduced new broker rules effective April 1, 2026, which are set to reshape the way traders, brokers, and market participants operate in India’s capital markets. These rules, centered around 40% haircuts on pledged securities and cash-only mandates for certain collateral requirements, are designed to strengthen financial stability, reduce…
India’s GDP Outlook: S&P Global Forecasts 7.1% Growth in 2026-27
India’s economic trajectory continues to attract global attention, with S&P Global projecting a robust 7.1% GDP growth for the fiscal year 2026-27. This forecast underscores India’s resilience amid global uncertainties and highlights the country’s potential as one of the fastest-growing major economies in the world. The Significance of the Forecast S&P Global’s projection comes at…
Elon Musk’s SpaceX Looking to Raise $75 Billion in June IPO, to File Papers as Early as This Week: Report
SpaceX, the aerospace giant founded by Elon Musk, is reportedly preparing for one of the largest initial public offerings (IPO) in history. According to market insiders, the company is aiming to raise nearly $75 billion through its IPO scheduled for June 2026, with filing papers expected as early as this week. This move has generated…
Nearly 50% of Market Cap is at Reasonable Valuation: DSP MFs Sahil Kapoor
The Indian equity market has been buzzing with discussions around valuations, and Sahil Kapoor, Chief Market Strategist at DSP Mutual Fund, has offered a striking perspective. According to Kapoor, nearly 50% of the market capitalization is currently trading at reasonable valuations, suggesting that investors still have ample opportunities to allocate capital wisely despite the broader…
HDFC Bank Bond Mis-Selling Case: Sampath Kumar to Appeal Against Termination
The financial sector in India has been rocked by the HDFC Bank bond mis-selling controversy, with senior executive Sampath Kumar announcing his decision to appeal against his termination. This case has drawn widespread attention, not only because of the allegations of mis-selling but also due to the implications it carries for corporate governance, investor protection,…
