In a strong defence of India’s market regulatory framework, former Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch has stated that Sebi acted promptly and judiciously in the high-profile Jane Street case, asserting there was “no regulatory lapse” in its handling. Buch’s remarks come amid ongoing discussions in financial and legal circles…
In India’s fast-evolving consumption-driven economy, the lure of easy EMIs (Equated Monthly Installments) has grown irresistible. From smartphones to SUVs and designer wardrobes to foreign vacations, Indians are increasingly relying on EMIs to fund their aspirations. However, experts warn that this rising household debt culture could pose a long-term financial stability risk if left unchecked….
In a major boost to India’s hospitality sector, global hotel chain Marriott International has signed a strategic agreement with Ventive Hospitality to develop over 1,500 hotel rooms across key Indian cities at an investment of approximately Rs 3,200 crore. The announcement reflects strong optimism in India’s travel, tourism, and business events market, which has been…
Real estate major Omaxe has announced the acquisition of a massive 450-acre land parcel in Indore, Madhya Pradesh, to develop an integrated township project with an estimated investment of ₹1,200 crore. This strategic move marks one of the largest land acquisitions in Central India’s real estate sector in recent years, underscoring Indore’s rising status as…
Syrma SGS Technology, a leading electronic manufacturing services (EMS) and PCB maker, has announced plans to set up India’s largest printed circuit board (PCB) manufacturing facility in Andhra Pradesh with a total investment outlay of Rs 1,800 crore. The proposed unit is expected to significantly strengthen India’s electronics supply chain and reduce import dependence in…
India’s auto component sector has raised urgent concerns over the escalating rare earth magnet crisis, calling for a cohesive national strategy to secure supplies as China’s tightening export controls threaten to disrupt global automotive, electronics, and clean energy supply chains. Industry leaders warn that failure to act swiftly could derail India’s EV growth targets, local…
In a significant policy decision impacting the steel trade ecosystem, India has deferred the implementation of tighter quality control measures on finished steel imports following extensive concerns raised by smaller importers and user industries. The move comes just weeks before the original enforcement deadline, highlighting the government’s pragmatic approach to balancing quality assurance with economic…
In a major development indicating strong founder confidence and strategic financial restructuring, Lenskart co-founder and CEO Peyush Bansal is reportedly set to acquire company shares at a valuation of around $1 billion. This is a steep discount compared to the eyewear unicorn’s targeted valuation of $10 billion for its upcoming initial public offering (IPO), according…
Tesla shareholders have urged the electric vehicle giant’s board of directors to rein in CEO Elon Musk following the launch of his new political party, which triggered a sharp fall in Tesla’s stock price this week. The development marks fresh concerns about Musk’s distractions beyond Tesla, at a time when the company is already grappling…
The Indian equity market witnessed a volatile session on Tuesday with the Nifty IT index ending marginally lower by 0.01% amid weakness in broader indices. The BSE Sensex closed down by 426.87 points at 79,025.75 while the Nifty50 shed 108.75 points to settle at 23,915.55 as investors booked profits after a sharp rally in previous…
