Shares of National Securities Depository Limited (NSDL) fell sharply for the second consecutive session, as investors reacted to the company’s first quarterly earnings post listing. The stock plunged nearly 18% intraday on August 13, extending the previous day’s sell-off triggered by weaker-than-expected Q1 FY26 results. The correction comes after the stock’s remarkable 62% rally since…
India’s foreign exchange reserves are expected to record an increase in the latest reporting week, despite ongoing interventions by the Reserve Bank of India (RBI) to manage the rupee’s volatility and the maturity of a large foreign currency swap facility. Economists tracking central bank data suggest that healthy capital inflows, strong remittances, and robust export…
In a major move to expand its financial services portfolio, Niyo, India’s leading consumer neo-banking platform, has announced the acquisition of Kanji Forex, one of the country’s reputed foreign exchange service providers. Alongside this acquisition, Niyo has appointed Amit Talwar, a seasoned banking professional from IndusInd Bank, as the new Chief Executive Officer (CEO) of…
In a development that has created a buzz in the corporate and entertainment circles alike, Upasana Kamineni Konidela, noted entrepreneur and philanthropist, is set to inherit the sprawling Rs 77,000 crore business empire of the Kamineni family. Known for her leadership role in the Apollo Hospitals Group and her high-profile marriage to Tollywood superstar Ram…
In a historic moment for the Indian infrastructure and construction sector, JSW Cement Ltd., a leading green cement manufacturer, has made its much-anticipated debut on the stock exchanges. The listing marks the latest chapter in the growth story of the JSW Group, one of India’s largest conglomerates. Speaking on the occasion, Sajjan Jindal, Chairman and…
In a major boost to India’s industrial recovery efforts, the National Company Law Tribunal (NCLT) has approved INSCO’s ₹2,250 crore revival plan for Hindustan National Glass & Industries Ltd. (HNG), the country’s largest container glass manufacturer. The green light marks a significant milestone in reviving the debt-ridden company and safeguarding thousands of jobs across its…
In a significant development in India’s corporate landscape, the Mistry family has expressed its support for Noel Tata joining the board of Tata Sons, the principal holding company of the Tata Group. This move, if formalized, could mark an important step towards easing past tensions between the two influential families and ensuring smoother governance at…
In a significant boost to its growth ambitions, non-banking financial company (NBFC) Seeds Fincap has successfully raised ₹50 crore in a funding round led by Z47 and Lok Capital, two prominent investors in India’s financial services sector. The fresh capital is aimed at strengthening the company’s lending portfolio, expanding its customer base in semi-urban and…
In a significant regulatory development, the Securities and Exchange Board of India (Sebi) has rejected industrialist Anil Ambani’s settlement application relating to alleged violations in connection with investments in Yes Bank bonds. Official documents indicate that the settlement plea, which was aimed at resolving the matter without prolonged litigation, did not meet the regulator’s criteria…
Indian exporters could face a significant blow to their competitiveness in the United States market as rising tariff barriers threaten to make exports economically unviable, according to a recent analysis by Crisil Ratings. The report warns that multiple industries, from engineering goods and textiles to chemicals and metals, may experience margin pressures and potential market…
