In a major strategic move poised to reshape the global IT and business process management (BPM) landscape, French technology consulting giant Capgemini has announced its plan to acquire Indian-origin BPM firm WNS Global Services for approximately $3.3 billion. This all-cash deal marks one of the largest acquisitions in the IT-BPM sector in recent years and…
In a strong show of investor confidence, Dassault Aviation’s share price surged on Monday, following India’s categorical denial of reports suggesting that it had lost Rafale fighter jets during the recently concluded Operation Sindoor. The rally comes as a reassurance to stakeholders who were concerned about the potential dent in the Rafale programme’s credibility and…
India’s recent banking system liquidity surplus, which crossed ₹2 lakh crore in early July, may not necessarily translate into accelerated bank credit growth, according to economists at JP Morgan. Their latest analysis suggests that structural and demand-side factors could keep credit expansion moderate despite abundant liquidity in the financial system. Key Highlights India Banking System…
HDFC Bank, India’s largest private sector lender by assets, has reported robust growth in its Q1 FY26 business update, with significant expansion in deposits and advances, highlighting sustained retail credit demand and strong corporate lending momentum despite a high interest rate environment. Key Highlights HDFC Bank Q1 FY26 Snapshot Particulars June 2024 (₹ lakh cr)…
In a significant development for India’s cement industry, Ultratech Cement’s Chief Legal Officer (CLO) has tendered his resignation amid the ongoing Competition Commission of India (CCI) investigation into alleged cartelisation practices among top cement producers. The resignation comes at a time when the sector is under intense regulatory scrutiny, with implications for corporate governance, compliance…
The US dollar has recorded its worst start to a year in over five decades, dropping by nearly 10% in the first half of 2025 against a basket of major currencies, as per market data released this week. Economists and strategists are warning of a prolonged period of weakness, driven by shifting global interest rate…
Bank of India (BoI) has reported robust growth in its Q1 FY26 business update, with domestic advances rising by 11% year-on-year to ₹5.64 lakh crore as of June 30, 2025. The state-owned lender’s growth was primarily driven by strong traction in the retail and agriculture segments, reflecting improved credit demand amidst a recovering economic backdrop….
India’s foreign exchange reserves recorded a robust rise for the week ending June 28, 2025, climbing by $4.84 billion to reach $702.78 billion, according to the latest data released by the Reserve Bank of India (RBI). This marks one of the strongest weekly gains in the last two months, bringing the overall reserves just short…
The global oil market is bracing for a potential strategic pivot as Saudi Arabia and Russia-led OPEC+ consider a fresh production hike for August 2025. Market analysts and traders believe this could signal a transition in focus from the group’s long-standing policy of price stability towards regaining and protecting market share amidst rising US and…
Crizac Limited’s ₹860 crore initial public offering (IPO) has seen overwhelming investor demand, with the issue getting subscribed 59.82 times on the final day of bidding. The stellar subscription indicates high market confidence in the company’s business model, sectoral positioning, and future growth strategy. IPO Subscription Snapshot Category Subscription (times) Qualified Institutional Buyers (QIBs) 125.64…
