In a significant move that could impact lakhs of borrowers, State Bank of India (SBI), Bank of Baroda (BoB), and Indian Overseas Bank (IOB) have announced a reduction in their Marginal Cost of Funds-based Lending Rate (MCLR) across select tenures. The revision in lending rates is expected to make home loans, car loans, and personal…
The Indian stock market is abuzz with excitement as a series of upcoming IPOs (Initial Public Offerings) are lined up for investors in 2025. With companies across sectors such as fintech, renewable energy, consumer goods, real estate, and healthcare preparing to hit Dalal Street, investors are eager to understand the details of issue size, price…
The Indian economy has long been driven by its consumption story, with nearly 60% of GDP attributed to household spending. In this context, the Nifty India Consumption Index has emerged as a critical benchmark for investors aiming to capitalize on India’s domestic demand. Representing a carefully curated basket of companies across fast-moving consumer goods (FMCG),…
The Indian equity market is standing at a critical juncture with the Nifty 50 index hovering around the 25,000 mark. According to a recent market report, the index could experience a sharp swing in the range of -11% downside to +4% upside, reflecting the growing uncertainty surrounding macroeconomic factors such as inflation, global monetary policies,…
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…
