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…
Capgemini CEO Aiman Ezzat has issued a pragmatic caution to global businesses investing aggressively in artificial intelligence, stating that not all AI implementations deliver positive returns on investment (ROI). Speaking at the company’s quarterly analyst call and in recent interviews, Ezzat emphasised that while AI remains transformational, poor use-case selection, lack of data readiness, and…
In an unexpected yet widely appreciated move, Zomato co-founder and CEO Deepinder Goyal personally stepped in as a customer support executive after a viral social media post criticised the food delivery giant’s automated support system for being unresponsive and robotic. The incident has sparked widespread debate on the limitations of AI-powered customer service and the…
Anthem Biosciences Ltd, one of India’s fastest-growing Contract Development and Manufacturing Organisations (CDMO), is all set to launch its ₹3,395-crore Initial Public Offering (IPO) on July 14, marking one of the largest pharma sector listings in 2025. Backed by private equity major True North, the Bengaluru-based company aims to strengthen its financial position, augment capacity,…
KRBL Limited, India’s largest basmati rice exporter, is diversifying its portfolio by venturing into the blended edible oil segment, aiming to generate ₹200-300 crore in revenue from the new business vertical within the next two years. This strategic move is part of the company’s efforts to reduce overdependence on rice exports and leverage its strong…
The Initial Public Offering (IPO) of Travel Food Services Ltd (TFS), India’s leading travel food and beverage operator, was subscribed 25% at the end of Day 2. The subscription data indicates a slow start to the ₹1,200-crore issue as investors evaluate valuation metrics, business growth prospects, and competitive risks in the airport retail and F&B…
Sundaram-Clayton Limited (SCL), the flagship company of the $8.5 billion TVS Group, announced that its Chief Financial Officer (CFO) Ajay Kumar has resigned from his position. His resignation will be effective from August 31, 2025. This leadership transition comes as SCL intensifies its strategic realignment to navigate macroeconomic challenges, evolving automotive technology, and global expansion…
In a significant leadership transition at the world’s most valuable technology company, Apple has appointed Indian-origin Sabih Khan as its new Chief Operating Officer (COO). The announcement came as Apple continues to deepen its operational resilience, manufacturing diversification, and sustainability goals under CEO Tim Cook’s strategic vision. Who Is Sabih Khan? Sabih Khan, born in…
In a significant boost to its thermal power portfolio, Adani Power Ltd (APL) has successfully acquired the 600-megawatt Vidarbha Industries Power Ltd (VIPL) thermal power plant in Maharashtra for an estimated Rs 4,000 crore. The acquisition, executed through a resolution plan approved by the National Company Law Tribunal (NCLT), strengthens Adani Power’s operational footprint in…
As geopolitical risks intensify and rare earth supply chains tighten globally, India’s electric vehicle (EV) startup Simple Energy has announced its plans to reduce dependence on Chinese rare earth imports by exploring alternative supply sources and local substitution strategies. The move comes amid rising concerns in the Indian EV industry over critical mineral security for…
Mumbai, July 7, 2025:In a major strategic move aimed at consolidating its thermal power portfolio, Adani Power Ltd. (APL) has acquired a coal-fired power plant in Vidarbha, Maharashtra, for Rs 4,000 crore. The acquisition marks another milestone in Adani Power’s aggressive expansion strategy in the Indian energy sector. The deal, finalised earlier this week, involves…
The Securities and Exchange Board of India (SEBI) has released a detailed analytical study that reveals an alarming trend in the Indian derivatives market. Net losses incurred by individual traders in the futures and options (F&O) segment rose by 41% to ₹1.06 lakh crore in FY25 compared to the previous fiscal. This analysis, published by…
Kolkata, July 7, 2025:Leading battery and energy storage solutions major Exide Industries Ltd has filed its quarterly share dematerialization compliance certificate with the exchanges for Q1 FY26, reaffirming its commitment to regulatory adherence and transparency towards shareholders. What is the compliance certificate? Under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, listed companies must…
In a development keenly tracked by investors and auto sector analysts, Eicher Motors Ltd has announced the record date for its proposed final dividend of ₹70 per equity share for the financial year ended March 31, 2025. The announcement comes following the company’s strong financial performance in FY25 and consistent focus on shareholder value creation….
In a major development in India’s thriving health food segment, Khetika, a rapidly growing healthy food startup, has raised $18 million in a fresh funding round aimed at scaling its operations, expanding distribution networks, and accelerating R&D for new product launches. The funding comes amid rising consumer demand for natural, preservative-free, and nutritionally balanced food…
In a development with far-reaching implications for the South Asian textile ecosystem, the United States has imposed 35% tariffs on textile and garment imports from Bangladesh, citing concerns over trade imbalances and labour standards compliance. This move is likely to shift significant global sourcing dynamics, impacting Indian textile majors like Gokaldas Exports, KPR Mill, Welspun…
In a significant boost to its port infrastructure portfolio, JSW Infrastructure has received a Letter of Award (LoA) from the Syama Prasad Mookerjee Port Trust (SMP Kolkata) to develop and operate two container berths at Netaji Subhas Dock in Kolkata. The project, envisaged under the public-private partnership (PPP) model, is set to involve an investment…
Mumbai, July 7, 2025:In a significant trend over the last four years, India Inc has witnessed large-scale promoter stake sales as business families diversify wealth, deleverage, or fund new ventures. Promoter stake sell-downs have not only reshaped ownership patterns but also influenced investor confidence and stock returns. Why are promoters selling stakes? The past four…
New York, July 7, 2025:Global financial markets were rattled on Monday after former US President Donald Trump announced a sweeping 25% tariff on imports from Japan and South Korea, sending major indices on Wall Street into a tailspin. The tariffs, which Trump vowed to implement if re-elected, target automobile, semiconductor, and consumer electronics imports, directly…
Mumbai, July 7, 2025: Prominent market strategist Jaiprakash Toshniwal has identified four key sectors offering attractive investment opportunities despite the looming uncertainties around global and domestic tariffs. In his recent interaction with market analysts and portfolio managers, Toshniwal underlined that specialty chemicals remain a structural growth story, while three other sectors also trade at reasonable…
New Delhi, July 7, 2025: Shakti Pumps (India) Ltd has successfully raised Rs 292 crore through a Qualified Institutional Placement (QIP), marking a significant milestone in its growth journey. The fund infusion will primarily be utilised to bolster the company’s manufacturing capacity, invest in clean energy solutions, and pare debt. Details of the QIP The…
In a strategic step aimed at enhancing its financial flexibility and operational revival, PC Jeweller Ltd (PCJ) has announced its decision to raise funds through a preferential allotment route. This move comes at a crucial time for the Delhi-based jewellery retailer, which has faced prolonged financial stress due to mounting debts, muted sales, and regulatory…
In a significant move towards strengthening its promoter holding and corporate stability, Zee Entertainment Enterprises Ltd (ZEEL) has secured the approval of its foreign shareholder for an increase in promoter stake. This approval comes at a critical juncture as Zee seeks to bolster its governance and financial structure following prolonged challenges with merger setbacks, investor…
In a landmark development for India’s mutual fund sector, Jio BlackRock Mutual Fund has raised a massive Rs 17,800 crore through its maiden New Fund Offer (NFO), making it one of the largest fund launches in Indian asset management history. This milestone underscores the immense investor trust in the strategic partnership between Reliance Industries’ Jio…
The Cryogenic OGS IPO has witnessed an overwhelming response from investors, with the issue being subscribed a massive 646.5 times on its closing day. This makes it one of the most subscribed IPOs in recent years within the SME segment, showcasing robust market confidence in India’s industrial gas, cryogenic solutions, and engineering services growth story….
The IPO market continues to remain active as Spunweb Nonwoven Limited gears up to launch its public issue next week, aiming to capitalise on its leadership position in technical textiles and hygiene-based nonwoven products. The issue is likely to attract investor attention given the company’s strong order book, export focus, and the rising use of…
The initial public offering (IPO) of Travel Food Services (TFS) opened for subscription on Monday, 7 July 2025, but witnessed a muted response on its opening day. As per NSE data till market close, the IPO was subscribed only 7%, raising questions on market sentiment, pricing, and near-term growth visibility despite the company’s strong operational…
In a major boost to India’s emerging digital lending sector, InPrime Finserv has raised Rs 50 crore in its Series A1 funding round, led by Pravega Ventures with participation from existing investors including Nabventures Fund and a slew of angel backers. This capital infusion is expected to accelerate the company’s expansion across underserved markets, enhance…
India’s start-up ecosystem is witnessing a paradigm shift as faith tech emerges as the next big frontier, according to Prashant Sachan, CEO of AppsforBharat, the country’s leading devotional and faith technology platform. With spirituality, devotion, and wellness deeply embedded in Indian culture, faith tech start-ups are rapidly building digital ecosystems that cater to the spiritual…
Coursera, one of the world’s leading online learning platforms, has announced the appointment of Ashutosh Gupta as its new Managing Director for India and Asia Pacific (APAC). This strategic leadership move comes at a time when Coursera is looking to accelerate growth, expand partnerships, and drive digital skill transformation across its fastest-growing region. Ashutosh Gupta:…
India’s $250 billion IT services industry, long dominated by giants such as TCS, Infosys, Wipro, and HCL, is witnessing a wave of disruption as venture capitalists pour billions into AI-first startups aiming to transform traditional technology outsourcing models. From intelligent automation to generative AI-powered platforms, these startups are set to challenge decades-old delivery structures by…
Real estate major Puravankara Limited has announced that it has bagged redevelopment rights worth ₹2,100 crore gross development value (GDV) for a major project in Mumbai’s western suburbs. This strategic deal marks the Bengaluru-based developer’s significant push into Mumbai’s lucrative redevelopment market, which is increasingly attracting pan-India players eyeing high-value growth opportunities. Project details The…
In a historic transaction reflecting Mumbai’s evolving film and real estate landscape, Filmistan Studios, one of India’s oldest and most iconic film studios, has been sold for a whopping ₹183 crore. Founded by Sashadhar Mukherjee, grandfather of Bollywood stars Kajol and Rani Mukerji, Filmistan has been central to India’s cinematic journey for over seven decades….
In a major boost to Mumbai’s urban renewal landscape, Adani Properties and Maharashtra Housing and Area Development Authority (Mhada) have formally entered into an agreement to undertake one of the largest redevelopment projects in the city’s history. The project is expected to transform thousands of aging tenements into modern, high-rise residential and commercial complexes, enhancing…
In the wake of rising trade uncertainties under former US President Donald Trump’s proposed policies, Indian exporters are urging the government to fast-track a bilateral trade deal with Mexico to secure market access and supply chain stability for sectors vulnerable to tariff hikes. The call comes amid fears that if Trump returns to the White…
India’s economic trajectory for FY26 could see a marked slowdown, with nominal GDP growth likely falling to a six-year low, according to global brokerage Jefferies. This deceleration is expected to impact corporate earnings, with sectors highly reliant on inflation-linked revenue growth facing particular pressure. Key highlights from Jefferies’ FY26 outlook In its recent India macro…
In a strategic push to strengthen India’s maritime security, reduce foreign exchange outgo, and boost local shipbuilding and shipping employment, the Central Government is working on a comprehensive policy revamp aimed at promoting domestically-flagged ships. Senior shipping ministry officials confirmed that demand for over 200 new vessels worth ₹1.3 lakh crore is projected over the…
Ace investor Mukul Agrawal, known for his strategic bets in emerging banking and midcap stocks, has acquired a fresh stake in Jammu & Kashmir Bank (J&K Bank) during the June 2025 quarter, sparking strong market interest and renewed focus on the bank’s growth trajectory under ongoing structural reforms. Mukul Agrawal’s strategic purchase: Key details Exchange…
Castrol India, one of the country’s leading lubricant companies, has appointed Mrinalini Srinivasan as its new Chief Financial Officer (CFO) effective immediately. This strategic appointment comes as Castrol India looks to consolidate its market leadership while navigating evolving sectoral dynamics, electric mobility transitions, and digital transformation priorities. Who is Mrinalini Srinivasan? Mrinalini Srinivasan is a…
Finance Minister Nirmala Sitharaman has reiterated India’s strong economic fundamentals and its emerging role as a pillar of stability in an uncertain global economic landscape. Addressing the BRICS Finance Ministers’ meeting held alongside the Rio de Janeiro BRICS Summit 2025, Sitharaman outlined how India’s policy choices, domestic demand, and calibrated reforms are propelling growth despite…
India is looking to leverage Norway’s advanced expertise in carbon capture and storage (CCS) technologies as part of its broader strategy to decarbonise the economy and achieve net-zero emissions by 2070. This strategic cooperation, which was discussed during recent high-level bilateral meetings, is expected to strengthen India’s industrial decarbonisation framework while creating new pathways for…
Siemens Energy India reported a robust performance for the latest quarter, registering a 36.34% year-on-year rise in net profit to ₹246.1 crore, driven primarily by strong revenue growth from its power transmission and generation segments. The announcement, made after the Board meeting held recently, signals a strengthening of India’s energy infrastructure sector amid rising domestic…
In a landmark initiative aimed at strengthening India’s deeptech ecosystem, the Indian Institute of Technology Madras (IIT Madras) has announced plans to raise Rs 200 crore for its maiden venture capital (VC) fund, with a vision to nurture and scale up promising startups emerging from its rich research and innovation pipelines. The bold vision behind…
In a hard-hitting commentary that has sparked intense discussion across India’s startup and corporate corridors, a leading venture capital founder has criticised what he describes as the nation’s deeply entrenched “chalta hai mindset” – an attitude of settling for mediocrity and shortcuts instead of striving for rigorous execution and excellence. The viral post that triggered…
India’s fintech unicorn CRED, founded by serial entrepreneur Kunal Shah, has found itself in the spotlight again after a Deloitte consultant publicly questioned its mounting losses, which touched Rs 5,200 crore (approx. $630 million) over recent fiscal years. The conversation, which went viral across LinkedIn and X (formerly Twitter), sparked a wider debate on startup…
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…
