In a significant market development, BNP Paribas executed a block deal involving 5.28 lakh shares of State Bank of India (SBI), amounting to a transaction value of approximately ₹64 crore. This deal highlights the growing interest of global institutional investors in India’s banking sector, particularly in SBI, which remains the country’s largest public sector bank….
India’s financial landscape has undergone a seismic transformation since the Covid-19 pandemic, reshaping how households save, invest, and manage wealth. For decades, fixed deposits (FDs), gold, and real estate were the dominant choices for Indian investors, offering safety and certainty. However, the post-pandemic era has seen a dramatic shift toward equities, mutual funds, and market-linked…
India has taken a decisive step toward industrial self-reliance and energy efficiency with the establishment of its first amorphous electrical steel manufacturing facility. Situated in Sri City, Tirupati, Andhra Pradesh, this facility is being developed by Proterial India, a subsidiary of Japan-based Proterial, in collaboration with Shirdi Sai Electricals. With an investment of ₹1,350 crore…
Industrialist Sajjan Jindal, chairman of JSW Group, has raised concerns about India Inc’s limited research and development (R&D) capabilities, urging corporate leaders to take inspiration from China’s aggressive investments in innovation. His remarks highlight a critical gap in India’s industrial and technological ecosystem, where companies often prioritize short-term profitability over long-term innovation. Jindal’s Key Concerns…
Zerodha co-founder and CEO Nithin Kamath has voiced strong support for the use of loan against shares (LAS) facilities as a practical financial tool to manage and service high-interest loans. His remarks highlight the growing relevance of LAS in India’s evolving financial ecosystem, where investors are increasingly exploring innovative ways to leverage their equity holdings…
India’s bond market has witnessed a surge in investor appetite for long-dated government securities, even as the benchmark yield remained flat due to looming supply pressures. The development highlights a nuanced shift in investor sentiment, where long bonds are increasingly favored for their attractive yields and stability, while short-term benchmarks are weighed down by expectations…
ImmunityBio, a biotechnology company known for its innovative cancer and immunotherapy research, has experienced its worst stock selloff since 2024, following a massive rally earlier this year. Despite the sharp decline, the company’s founder has reaffirmed his grip on the firm, signaling confidence in its long-term vision and pipeline. Background of ImmunityBio’s Rally ImmunityBio’s stock…
The Tata Group, one of India’s most iconic conglomerates, has found itself at the center of a high-stakes corporate debate. Reports suggest that Noel Tata’s firm opposition to a Tata Sons IPO has played a critical role in stalling the reappointment of the company’s chairman. This development highlights the complex interplay of governance, family influence,…
Reliance Industries has announced a major restructuring of its artificial intelligence (AI) division, marking a significant milestone in India’s technology landscape. In a move that has attracted global attention, Meta has acquired a 30% stake in Reliance’s AI arm, signaling a powerful collaboration between one of India’s largest conglomerates and one of the world’s leading…
The rapid rise of Anthropic and other generative AI companies has sparked global debate about the future of large IT firms. Many analysts have warned that traditional outsourcing giants could face existential threats as AI reshapes workflows, automates processes, and reduces dependence on human labor. However, Cognizant’s AI chief has pushed back strongly against this…
