Starting from tomorrow, the price of domestic LPG cylinders will go up by Rs 50, as announced by Union Petroleum Minister Hardeep Singh Puri. The cost of a standard 14.2-kg cylinder will rise from Rs 803 to Rs 853 for regular users. For Ujjwala Yojana beneficiaries, the new price will be Rs 553 per cylinder, […]
Asian stock markets saw heavy losses on Monday as fears of a global trade war increased. Japan’s Nikkei index crashed 6%, falling to levels last seen in late 2023. Other Asian markets also faced deep cuts. South Korea’s index fell 5%, Chinese blue-chip stocks dropped 4.4%, and Taiwan’s market tumbled nearly 10% after a two-day
Asian stock markets crash as global trade war fears grow, Nikkei down 6% Read More »
The Indian government has increased its monitoring of goods coming from China after the United States raised tariffs on many global trade partners, including China. This move is meant to prevent a possible rise in cheap Chinese goods entering India, which could hurt local industries. The Department of Commerce, led by Commerce Secretary Sunil Barthwal,
India increases checks on Chinese imports as US tariffs raise dumping risks Read More »
The Union Cabinet on April 4 gave its approval to four major railway projects in Maharashtra, Odisha, and Chhattisgarh, with a total estimated investment of Rs 18,658 crore. These projects aim to boost India’s railway infrastructure by expanding the current rail network by about 1,247 kilometres. These multitracking projects are being undertaken by Indian Railways
US stock markets crashed sharply on April 3 after new import tariffs announced by President Donald Trump triggered panic across global markets. By mid-session in the US, major indices were deep in the red with heavy selling seen in key sectors like technology, auto, and consumer goods. The Nasdaq index was trading 4.67 percent lower
Nuvoco Vistas Corporation has become India’s fifth largest cement company after getting final approval from the National Company Law Tribunal (NCLT) to acquire Vadraj Cement. The total acquisition cost is ₹1,800 crore. The approval was granted by the NCLT’s Mumbai bench and made public on April 3. The acquisition will be carried out through Vanya
Mutual funds have been net sellers in Indian equities over the past six sessions, offloading stocks worth over ₹16,000 crore between March 20 and 28. Experts believe this selling is due to profit booking, as fund houses take advantage of the recent market rally. In contrast, mutual funds were net buyers earlier in March, purchasing
Mutual Funds Sell Over ₹16,000 Crore in Indian Equities Amid Profit-Booking Read More »
Shares of Tata Motors and auto component companies fell by 1.5-2.5% on April 2, following US President Donald Trump’s announcement of a 25% tariff on all foreign-made automobiles. The decision, effective midnight April 2, is expected to significantly impact Indian auto firms exporting to the US. Tata Motors and JLR Face Major Impact Tata Motors
Tata Motors and Auto Component Stocks Decline as US Imposes 25% Tariff on Car Imports Read More »
Congruent, a Software-as-a-Service (SaaS) company, announced on April 2 that it has acquired IPX Retirement Edge, a specialized platform for retirement income solutions, from IPX Retirement. IPX Retirement Edge helps retirement plans offer in-plan guaranteed income investment options, supporting the entire participant journey—from enrollment and education to investment selection, policy issuance, cashiering, and statement reporting.
SaaS Firm Congruent Acquires IPX Retirement Edge to Expand Retirement Tech Offerings Read More »
The Securities and Exchange Board of India (SEBI) has finalized a proposal to curb the misuse of proprietary trading terminals, which brokers use for self-trading. According to sources, the policy has been broadly finalized and shared with stakeholders. Stock exchanges will be required to implement the new rules after consulting brokers, who will be given
SEBI Finalizes Plan to Prevent Misuse of Proprietary Trading Terminals by Brokers Read More »
