India’s net direct tax collection for the ongoing fiscal year (FY25) has increased by 13.1%, reaching ₹21.27 lakh crore as of March 16, 2025, according to data released by the Central Board of Direct Taxes (CBDT). The rise in tax revenue highlights strong corporate earnings and increased investor participation in the stock market. The net […]
India’s trade deficit saw a sharp reduction in February, narrowing to $14.05 billion from $22.9 billion in January. This decline was mainly due to a drop in imports, as the government continues its efforts to boost exports amid global trade challenges. The country’s merchandise exports in February stood at $36.91 billion, slightly higher than $36.43
India’s Trade Deficit Shrinks in February, but US Tariff Risks Remain a Concern Read More »
Shares of IndusInd Bank jumped over 3% on March 17 after the Reserve Bank of India (RBI) issued a statement confirming that the bank remains “well-capitalized” and in a “satisfactory financial position.” This announcement helped ease investor concerns about the bank’s financial health. As per RBI, IndusInd Bank reported a Capital Adequacy Ratio of 16.46%
IndusInd Bank Shares Rise 3% as RBI Confirms Strong Financial Position Read More »
The Securities and Exchange Board of India (SEBI) has questioned IndusInd Bank’s management regarding why it did not disclose issues related to derivative instruments back in October 2024, when the bank first started investigating the matter. SEBI is concerned that even now, the bank is unable to determine the exact financial impact, raising doubts about
SEBI Questions IndusInd Bank Over Delay in Disclosing Derivative Lapses Read More »
The Nifty IT index has entered bear market territory after a sharp decline, falling over 21 percent from its peak. The recent drop of nearly three percent in a single trading session has led to a significant erosion of wealth, wiping out approximately Rs 8.4 lakh crore in market capitalisation. Nine out of the ten
Shares of Coromandel International will be in focus on March 13 after the fertiliser company announced its plan to acquire a 53 percent stake in NACL Industries Ltd for Rs 820 crore. The transaction, priced at Rs 76.7 per share, involves purchasing shares from the current promoter, KLR Products Limited. NACL Industries is a well-established
Coromandel International to Acquire 53% Stake in NACL Industries for Rs 820 Crore Read More »
Power Finance Corporation’s (PFC) board of directors sanctioned a Rs 1,40,000 crore borrowing program for the 2025-26 fiscal year. The step was taken during a March 12, 2025, board meeting as per the company’s regulatory filing. In addition to the plan for borrowing, the board also announced the fourth interim dividend for the financial year
PFC Board Approves Rs 1.4 Lakh Crore Borrowing Plan for FY26, Declares Interim Dividend Read More »
Billionaire Gautam Adani’s real estate unit has emerged as the highest bidder for redeveloping one of Mumbai’s largest housing projects, the Motilal Nagar Development Project, at an estimated cost of Rs 36,000 crore ($4.1 billion), according to sources familiar with the matter. Adani Properties Pvt Ltd, which is part of the Adani group, placed the
Adani Set to Secure $4.1 Billion Mumbai Housing Redevelopment Project Read More »
Tata Consultancy Services (TCS) has announced the acquisition of 100 percent equity shares in Darshita Southern India Happy Homes for Rs 2,250 crore, the company stated in a stock exchange filing on March 11. As part of the deal, TCS will acquire the land and building of the real estate firm, which will be transformed
Reliance Jio has signed a deal with SpaceX to bring Starlink’s satellite internet services to India, the company announced on March 12. This agreement comes just a day after Bharti Airtel made a similar move in the satellite broadband sector. The partnership is subject to regulatory approval, as SpaceX still needs government authorization to offer
Jio Partners with SpaceX to Bring Starlink Internet to India Read More »
