In a major boost to India’s eyewear retail sector, billionaire investor Radhakishan Damani, founder of Avenue Supermarts (DMart), has invested ₹90 crore in Lenskart Solutions Pvt. Ltd. ahead of its highly anticipated initial public offering (IPO). The investment, part of a pre-IPO funding round, underscores growing investor confidence in Lenskart’s business model, market reach, and…
In a transformative move for Odisha’s industrial landscape, Vedanta Group has announced an additional investment of ₹1 lakh crore in the state, aimed at developing downstream industries, aluminium parks, and a ferro-alloys plant. The announcement was made following a high-level meeting between Vedanta Chairman Anil Agarwal and Odisha Chief Minister Mohan Charan Majhi on October…
India’s benchmark 10-year government bond yield is expected to soften to the range of 6.15–6.20% within the next three months, driven by a dovish Reserve Bank of India (RBI), easing fiscal concerns, and potential trade tailwinds, according to Sandeep Yadav, Head of Fixed Income at DSP Mutual Fund. In an interview with Financial Express, Yadav…
In a landmark move to reshape the professional services landscape, the Indian government has launched a strategic initiative to build its own version of the “Big Four” audit and consultancy firms. The plan aims to empower large domestic accounting firms to compete with global giants—Deloitte, PwC, EY, and KPMG—by encouraging mergers, easing regulatory constraints, and…
India has emerged as the leading developing economy in offering duty-free market access to Least Developed Countries (LDCs), outpacing both China and the European Union, according to the latest report by the World Trade Organization (WTO). The WTO has credited India’s Duty-Free Tariff Preference (DFTP) scheme for significantly boosting exports from the world’s poorest nations,…
India’s eight core infrastructure sectors posted a 3% year-on-year growth in September 2025, up from 2.4% in September 2024, according to data released by the Ministry of Commerce and Industry. While the pace marks a slowdown from August’s revised 6.5%, the improvement over last year reflects resilience in key segments like steel, cement, electricity, and…
In a major Diwali-season boost for gold investors, the Reserve Bank of India (RBI) has announced the early redemption price for the Sovereign Gold Bond (SGB) 2020–21 Series-VII, offering a staggering 153% return over five years. Investors who subscribed to this tranche in October 2020 at ₹5,051 per gram can now redeem their holdings at…
In a sharp reversal of sentiment, Foreign Institutional Investors (FIIs) and Mutual Funds (MFs) have significantly reduced their stake in at least seven smallcap stocks during the second quarter of FY26, triggering a steep correction in their share prices—some plunging as much as 60%. The selloff reflects a broader trend of profit booking, valuation concerns,…
India’s two largest private sector lenders—HDFC Bank and ICICI Bank—delivered their Q2 FY26 earnings over the weekend, but their share prices moved in opposite directions on October 21, 2025. While HDFC Bank shares surged 1.75% to ₹1,020 apiece, ICICI Bank shares declined 2.57% to ₹1,399.65. The divergence has sparked investor curiosity, especially as both banks…
Even as gold prices soar to an unprecedented $4,321 per ounce in October 2025, legendary investor Warren Buffett remains unmoved. The 93-year-old chairman and CEO of Berkshire Hathaway, often dubbed the “Oracle of Omaha,” has once again reiterated his long-standing aversion to investing in gold, emphasizing that the yellow metal, despite its meteoric rise, remains…
