Canada has unveiled an ambitious plan to double its bilateral trade with India to $60 billion by 2030, building on the current $30 billion trade volume. The announcement underscores the growing importance of India as a strategic partner for Canada in Asia, with both nations aiming to strengthen economic ties across multiple sectors including energy,…
The Indian rupee has plunged to a historic low, breaching the 92 per US dollar mark, as persistent foreign capital outflows and heightened importer demand for dollars weighed heavily on the currency. This marks the weakest level ever recorded for the rupee, sparking concerns across financial markets, businesses, and policy circles. Background of the Currency…
Leading civil services coaching institute Drishti IAS has reported strong financial performance for FY25, posting Rs 364 crore in revenue and a Profit After Tax (PAT) of Rs 61 crore. The results highlight the growing demand for structured coaching and digital learning platforms in India’s competitive exam preparation sector. Background of the Results Key Highlights…
Engineering and construction giant Larsen & Toubro (L&T) has announced its Q3 FY2026 results, reporting a 4% decline in net profit to Rs 3,215 crore, even as revenue rose 10% year-on-year. The mixed performance reflects strong execution in infrastructure projects but pressure from rising costs and global uncertainties. Background of the Results Key Highlights Indicator…
The Enforcement Directorate (ED) has attached assets worth Rs 1,885 crore linked to companies of the Anil Ambani group in connection with an ongoing bank fraud investigation. The move comes as part of ED’s wider crackdown on alleged financial irregularities involving corporate entities and their promoters. Background of the Probe Key Highlights Indicator Details Agency…
India is actively seeking preferential treatment for its steel exports under the European Union’s newly introduced sustainability and carbon emission regulations. With the EU tightening its climate-related trade policies, Indian policymakers and industry leaders are lobbying for recognition of India’s efforts in green steel production and renewable energy adoption. The move is aimed at ensuring…
Madhur Iron & Steel Ltd has officially filed draft papers with the market regulator to launch its Initial Public Offering (IPO). The company aims to raise funds primarily for repaying debt, financing capital expenditure (capex), and meeting working capital requirements. This move underscores the company’s strategy to strengthen its balance sheet, expand operations, and enhance…
In a significant move, Vedanta Ltd has announced plans to sell 6.7 crore shares of Hindustan Zinc Ltd (HZL) through an Offer for Sale (OFS) mechanism, valued at approximately Rs 4,872 crore. This decision is part of Vedanta’s broader strategy to unlock value, reduce debt, and streamline its portfolio amid volatile market conditions. Background of…
The legal team representing the Adani Group has requested additional time until January 30 to provide an update to a US court regarding ongoing discussions with the Securities and Exchange Commission (SEC). This development comes amid heightened scrutiny of the conglomerate’s financial practices and compliance with regulatory standards in international markets. Background of the Case…
Ajay Tyagi, Chief Executive Officer of UTI Asset Management Company (AMC), has stated that Indian equity markets are due for a 10-15% correction to bring valuations back to sustainable levels. His remarks come at a time when indices have been hovering near record highs, raising concerns about stretched valuations and the need for healthy consolidation….
