India Forex Reserves Rise to $703.3 Billion Amid West Asia Tensions
India’s foreign exchange reserves have surged to a record $703.3 billion, providing a crucial buffer…
India Forex Reserves Rise to $703.3 Billion Amid West Asia Tensions
India’s foreign exchange reserves have surged to a record $703.3 billion, providing a crucial buffer against global uncertainties and regional tensions in West Asia. The rise in reserves reflects strong capital inflows, resilient exports, and effective Reserve Bank of India (RBI) interventions in currency markets. This milestone comes at a time when geopolitical risks threaten…
Hormuz Disruption, $100 Oil Pose Risks to India’s Inflation, Rupee: Union Bank
Union Bank has cautioned that escalating tensions in the Strait of Hormuz and the possibility of crude oil prices sustaining at $100 per barrel could pose significant risks to India’s inflation trajectory and the stability of the rupee. The assessment highlights the vulnerability of India’s economy to global energy shocks, given its heavy dependence on…
India’s CV Market Set for Record 12.4 Lakh Sales in FY27: Crisil Report
India’s commercial vehicle (CV) market is poised for a historic milestone, with sales projected to reach a record 12.4 lakh units in FY27, according to a detailed report by Crisil. The surge is expected to be driven by strong infrastructure spending, rising demand in logistics, and a rebound in rural and industrial activity. This projection…
UCO Bank Q4 Results: Net Profit Up 22% to Rs 801 Crore, Declares Final Dividend
UCO Bank has reported strong financial results for the fourth quarter of FY2026, posting a 22% year-on-year rise in net profit to Rs 801 crore. The performance reflects improved asset quality, higher interest income, and effective cost management. Alongside the results, the bank has announced a final dividend, signaling confidence in its financial stability and…
Supreme Power Equipment bags ₹128 crore orders; order book nears ₹580 crore
Supreme Power Equipment Ltd has announced that it has secured fresh orders worth ₹128 crore, pushing its total order book close to ₹580 crore. The new contracts highlight the company’s growing presence in the power equipment sector, driven by demand for transformers, substations, and allied infrastructure solutions. Key Highlights Comparative Performance Metric Current Status Previous…
Google to invest $10 billion in Anthropic, may add $30 billion more
Google has announced plans to invest $10 billion in Anthropic, the artificial intelligence research company, with the possibility of adding another $30 billion in the future. This move signals Google’s aggressive push to strengthen its position in the AI sector, competing with rivals like OpenAI and Microsoft-backed initiatives. Key Highlights Why Google is Betting Big…
India must boost R&D, design-led MFG to lead in telecom: Minister
India’s telecom sector must shift its focus toward research and development (R&D) and design-led manufacturing (MFG) to establish global leadership, according to the Union Minister. The statement comes at a time when the country is aiming to reduce dependency on imports, strengthen indigenous capabilities, and position itself as a hub for next-generation telecom technologies. Minister’s…
Vedanta Q4 PAT seen up 67.2% YoY to Rs 8,292.2 cr: ICICI Securities
Vedanta Ltd is expected to report a 67.2% year-on-year (YoY) surge in profit after tax (PAT) for the fourth quarter, reaching Rs 8,292.2 crore, according to estimates by ICICI Securities. The strong performance is attributed to higher commodity prices, improved operational efficiencies, and cost optimization measures across its diversified portfolio. Key Highlights of Q4 Performance…
Government announces Rs 5K cr incentive for states to expedite mining blocks’ auction, operationalisation
The central government has unveiled a Rs 5,000 crore incentive package aimed at encouraging states to accelerate the auction and operationalisation of mining blocks. This move is part of a broader strategy to boost domestic mineral production, reduce import dependency, and strengthen India’s resource security. Details of the Incentive The incentive will be distributed among…
Nikhil Kamath says wealth is piling up in the wrong places. Here’s why he’s worried
Zerodha co-founder and investor Nikhil Kamath has raised concerns about global wealth distribution, warning that capital is increasingly “piling up in the wrong places.” His remarks highlight the growing imbalance between financial markets, technology-driven wealth creation, and the lack of equitable distribution across societies. Kamath’s perspective underscores the risks of unchecked concentration of wealth and…
