Six of India’s ten most valued companies collectively lost Rs 70,325.5 crore in market valuation last week, led by HDFC Bank and ICICI Bank, as domestic equities slipped amid global uncertainty and investor caution.The BSE Sensex dropped by 626.01 points or 0.74 per cent during the week, weighed down by sustained foreign portfolio investor (FPI)…
This is an AI-generated image, used for representational purposes only. Strong real estate activity backed by government housing schemes such as the Pradhan Mantri Awas Yojana (PMAY) is expected to keep cement demand buoyant in FY26, said a report by Axis Securities. The report projects a 7-8 per cent growth in cement demand this fiscal,…
Local gold prices in India are expected to remain firm in the second half of 2025, with a possible rise towards the psychological Rs 1,00,000 mark per 10 grams, according to a report by ICICI Bank Global Markets. Currently, the yellow metal is hovering in the Rs 96,500–Rs 98,500 range. “Local gold prices are expected…
Saudi Arabia, Russia, and six other key members of the OPEC+ group have announced rising oil production by 548,000 barrels per day (bpd) in August, more than what analysts had predicted. Experts were expecting the group to stick to an increase of 411,000 bpd, which had been the monthly target for May, June and July….
Union minister Nitin Gadkari on Saturday raised concern over the growing number of poor people in the country, saying that wealth was increasingly being concentrated in the hands of a few. Speaking at an event in Nagpur, the road transport and highways minister stressed the need for decentralisation of wealth and inclusive economic growth. “Slowly…
SEBI Chairman Tuhin Kanta Pandey Capital markets regulator Sebi stepped up surveillance for the stock market and warned that any kind of manipulation will not be tolerated. Sebi Chairman Tuhin Kanta Pandey made this clear on Saturday, a day after the regulator passed an interim order against US-based hedge fund Jane Street Group.Pandey said monitoring…
India has officially reserved its right to impose retaliatory duties on the United States for placing a 25 per cent tariff on imports of Indian auto parts. However, an official has clarified that this step will not impact ongoing talks for a trade deal between the two countries, and is a procedural move under the…
Union Minister Piyush Goyal on Saturday said that India’s growth story in the coming years would be defined by new technologies, innovation, and a thriving startup ecosystem. Speaking at an IIT Madras Alumni Association’s Sangam 2025 event in Chennai, Goyal said, “Your science, your technology, combined with this vibrant startup ecosystem, R&D, and innovation, will…
Almost half of the micro, small and medium enterprises (MSMEs) surveyed across India prefer UPI as their main way to handle transactions and grow their business, a new report by PayNearby has revealed. The MSME Digital Index Report found that 48% of respondents chose UPI as their most preferred payment method, followed by Aadhaar-enabled banking…
India has become one of the most equal societies in the world, ranking fourth globally in income equality with a Gini Index of 25.5, according to the latest World Bank data.India stands next only to the Slovak Republic, Slovenia, and Belarus which have better income equality scores. India’s score is better than that of major…