Indian Market

RBI Projects India’s Economy to Grow at 6.5% in 2025 Despite Global Challenges

RBI Projects India’s Economy to Grow at 6.5% in 2025 Despite Global Challenges

/ Indian Market /

India’s economy is expected to grow by 6.5% in 2025, keeping its place as the fastest-growing major economy in the world, said the Reserve Bank of India (RBI). Despite the rise in global uncertainties, India’s growth remains strong compared to other large economies. RBI Governor Sanjay Malhotra shared this update during a speech in Washington, […]

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Anant Ambani Appointed Whole-Time Director at Reliance Industries for 5 Years

Anant Ambani Appointed Whole-Time Director at Reliance Industries for 5 Years

/ Indian Market /

Reliance Industries Ltd (RIL) announced on April 25 that Anant M. Ambani, the youngest son of Mukesh Ambani, has been appointed as a whole-time director of the company. His five-year term will begin from May 1, 2025, after shareholder approval. Anant Ambani has already been serving as a non-executive director on Reliance Industries’ board. With

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Sensex Crashes Over 1,000 Points, Nifty Below 24,000 as Indo-Pak Tensions Rattle Markets

Sensex Crashes Over 1,000 Points, Nifty Below 24,000 as Indo-Pak Tensions Rattle Markets

/ Indian Market /

Indian stock markets saw heavy selling on April 25, with the Sensex falling over 1,000 points and the Nifty slipping below the 24,000 mark. This sharp fall came due to rising India-Pakistan border tensions, weak banking sector performance, and profit-booking by investors. The Sensex dropped 1,004 points or 1.25 percent to settle at 78,797.39, while

Sensex Crashes Over 1,000 Points, Nifty Below 24,000 as Indo-Pak Tensions Rattle Markets Read More »

Gensol Engineering Faces EoW Probe After PFC Files Complaint Over Fake Documents

Gensol Engineering Faces EoW Probe After PFC Files Complaint Over Fake Documents

/ Indian Market /

Gensol Engineering Ltd has come under investigation after Power Finance Corporation Ltd (PFC) filed a complaint with the Economic Offences Wing (EoW) of Delhi Police. PFC, a government-owned NBFC, alleged that Gensol submitted false documents related to loan servicing. In a statement released on April 22, PFC said it is committed to protecting its interests

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Donald Trump Signals Softer Approach on China Tariffs, Hints at Lower Rates Than 145%

Donald Trump Signals Softer Approach on China Tariffs, Hints at Lower Rates Than 145%

/ Indian Market /

In a positive move, US President Donald Trump said he will be “very nice” towards China in upcoming trade talks. Speaking in Washington, Trump assured that tariffs on Chinese goods would not be as high as 145%, as previously imposed during the peak of the trade tensions. Trump mentioned that China would have no option

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IndusInd Bank Shares Drop 6% Amid Second Audit into ₹600 Crore Interest Discrepancy

/ Indian Market /

Shares of IndusInd Bank fell 6% to ₹776 on April 22 after reports emerged that the bank has appointed Ernst & Young (EY) to conduct a second forensic audit. The new investigation will examine a ₹600 crore discrepancy in accrued interest income related to its microfinance portfolio. This development comes alongside an ongoing audit by

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HG Infra Shares Gain 5% After Qualifying for Gujarat Battery Storage Project

HG Infra Shares Gain 5% After Qualifying for Gujarat Battery Storage Project

/ Indian Market /

Shares of HG Infra Engineering rose 5% to ₹1,197 on April 22 after the company was named a qualified bidder by Gujarat Urja Vikas Nigam for a major battery storage project. The project involves setting up a Standalone Battery Energy Storage System (BESS) with a capacity of either 300 MW or 600 MWh, under Phase-VI

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Muthoot Finance Jumps Over 4% After Declaring ₹26 Interim Dividend for FY25

Muthoot Finance Jumps Over 4% After Declaring ₹26 Interim Dividend for FY25

/ Indian Market /

Shares of Muthoot Finance Ltd rose over 4% on April 21 following the company’s announcement of an interim dividend of ₹26 per share for the financial year 2024-25. The company’s board also proposed increasing the firm’s borrowing limit to ₹2 lakh crore and approved the appointment of George Joseph as an independent director. On the

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IT Stocks Climb Up to 6% as Infosys Q4 Results Lift Market Mood

/ Indian Market /

IT stocks witnessed strong gains on Monday following upbeat guidance from Infosys’ Q4 results, which boosted overall sentiment in the technology sector. Shares of companies like Mphasis, Tech Mahindra, Coforge, and HCL Technologies saw significant upward movement. The Nifty IT index surged over 3%, making it one of the top-performing sectoral indices of the day

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YES Bank Q4 Results: Net Profit Jumps 63% to Rs 738 Crore, Asset Quality Improves

YES Bank Q4 Results: Net Profit Jumps 63% to Rs 738 Crore, Asset Quality Improves

/ Indian Market /

YES Bank posted a strong 63.7 percent year-on-year growth in net profit to Rs 738.12 crore for the fourth quarter ending March 31, 2025. In the same quarter last year, the bank had reported a profit of Rs 451.9 crore. The rise in profit was helped by better interest income, lower provisions, and improvement in

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