Economic & Finance News
India's state-backed bad bank, NARCL, is aiming to acquire stressed assets worth ₹10,000 crore in the first quarter of FY26. Offers have been made for companies like BGR Energy and [...]
Reserve Bank of India will not activate the countercyclical capital buffer. The decision comes after reviewing relevant indicators. The framework was introduced in February 2015. It aims to ensure banks [...]
Indian tax authorities are scrutinizing foreign portfolio investors (FPIs) from Mauritius, requesting their tax residency certificate (TRC) applications to verify 'substance.' This move aims to check potential treaty benefit abuse, [...]
India plans to refinance multilateral debts for key infra projects. This move aims to protect projects from expensive foreign loans and strict conditions. Indian Railway Finance Corporation may refinance loans [...]
Rich Indians' tax: A recent study reveals a concerning trend in India: the wealthiest individuals report significantly lower incomes relative to their vast wealth, leading to minimal tax contributions. This [...]
Economists believe record high dollar sales by the Reserve Bank of India (RBI) to protect the rupee's exchange rate and interest earned from large scale liquidity operations have boosted the [...]
Despite the IBC's 'clean slate' provision and court rulings, tax authorities are levying fresh tax demands on companies emerging from insolvency, trapping resolution applicants in legal battles. Tata Steel and [...]
India is maintaining its cautious stance on foreign direct investment from China, prioritizing trust and reciprocity in economic integration with nations adhering to fair business practices. The country's policy, initiated [...]
India's divestment secretary urges private firms to declare fair dividends to minority shareholders and for mutual funds to include public sector undertaking stocks in their portfolios. [...]
Lenders have added about 25,000 beneficiaries under the Tarun Plus category of PM Mudra Yojana in FY25, providing enhanced loans up to Rs 20 lakh. This initiative doubled the loan [...]
The high-level committee approved Rs 1280.35 crore of additional assistance to Bihar, Himachal Pradesh, Tamil Nadu, and Puducherry for the 2024 natural disasters. Tamil Nadu receives Rs 522.34 crore, Bihar [...]
The Reserve Bank of India will soon issue Rs 10 and Rs 500 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of Governor Sanjay Malhotra. These new [...]
Subprime loans in India's microfinance sector are experiencing significant distress, with a 68% borrower stress rate and rising overdue loans. The industry's challenges are attributed to borrowers taking new loans [...]
The Reserve Bank of India's net short positions in the forward book surged to a record high of $78.6 billion in February. Most of the positions fall in the three-month [...]
India's venture debt market has grown significantly from USD 80 million in 2018 to USD 1.23 billion in 2024, led by Bengaluru. The market supports startup founders with runway extension, [...]
Market News
Gensol Engineering faces a corporate governance crisis as independent directors Harsh Singh and Kuljit Singh Popli resigned following promoters' offer to step down. SEBI barred the promoters from the securities [...]
The performance of Infosys in the March quarter on the revenue front was worse compared with peers Tata Consultancy Services (TCS) and Wipro. [...]
Tata Elxsi Q4 Results: Tata Elxsi reported a 12% YoY decline in Q4FY25 net profit to ₹172.4 crore, citing weakness in its automotive segment. Revenue was flat at ₹908 crore. [...]
A decrease in promoter shareholding can indicate that the company may need funds for further expansion, as promoters might be selling their stakes to raise capital. For investors, this trend [...]
Infosys Q4 results: Infosys ADRs fell nearly 5% after Q4FY25 profit declined 12% YoY to ₹7,033 crore. While revenue rose 8%, weak constant currency growth and muted FY26 guidance dented [...]
Jio Financial Q4 Results: Jio Financial Services on Thursday reported a marginal 2% growth in its consolidated net profit at Rs 316 crore in the fourth quarter, compared with Rs [...]
The S&P 500 and the Nasdaq opened higher on Thursday, with focus on U.S.-Japan tariff talks, while a slump in UnitedHealth's shares dragged the Dow lower. [...]
HDFC Securities reported an 18% YoY rise in FY25 profit to ₹1,125 crore, backed by strong income growth and tech upgrades. Equity volumes surged 24%, while the MTF portfolio grew [...]
Jerome Powell dismissed hopes of Fed intervention amid market turmoil, calling volatility a normal response to uncertainty. His comments triggered a market crash, with Nasdaq down 3% and Nvidia plunging [...]
European shares held their losses on Thursday after European Central Bank eased borrowing rates as expected, while investors parsed corporate earnings to gauge the fallout of U.S. President Donald Trump's [...]
Sebi’s interim order against Gensol Engineering has spotlighted severe corporate governance lapses, fund diversion, and financial opacity. Experts warn this may reflect deeper systemic issues in India’s startup ecosystem, eroding [...]
The European Central Bank has cut interest rates for the seventh time, responding to a struggling Eurozone economy and potential damage from U.S. tariffs. Amidst global market volatility, the ECB [...]