Indian Railways saw a slight increase in freight traffic in Q1 FY26, driven by strong performances in pig iron, steel, food grains, and container movement. Overall freight volumes rose 2% to 413 million tonnes, generating Rs 44,870.4 crore in revenue.
India and the US are in intense negotiations to finalize a trade agreement, focusing on US market access for GM crops. A ‘self-certification’ system for US exporters is being considered to streamline GM-free import requirements.
HDB Financial Services shares surged over 4% to Rs 874.90 on Thursday, following a successful exchange listing the previous day. Trading at Rs 876.3, it marked an 18.43% increase over the listing price. The IPO, comprising a fresh issue and offer-for-sale, saw substantial investor interest, being oversubscribed 16.69 times. Qualified Institutional Buyers showed particular enthusiasm,…
Reliance Industries plans to consolidate its FMCG brands into a new entity named New Reliance Consumer Products Ltd (New RCPL), a direct RIL subsidiary. This restructuring aims to attract specialized investors and facilitate a potential stock market debut for the retail division.
Zerodha CEO Nithin Kamath views Jio-BlackRock’s entry into India’s stockbroking positively, anticipating broader retail participation due to Jio’s extensive network. While welcoming the competition, Kamath emphasizes Zerodha’s focus on sustainable investing and ethical practices, prioritizing customer success over aggressive trading tactics. He believes true competition will arise from passionate, dedicated entrepreneurs rather than large corporations.
India is actively pursuing a social security agreement with the United States, aiming to provide financial relief to Indian professionals working there. This initiative is part of a broader strategy to incorporate such pacts into all future free trade agreements, including ongoing negotiations with the US and the EU.
China is increasingly worried about US efforts to forge agreements with allies, potentially isolating Chinese firms from global supply chains. Washington is actively negotiating deals with Asian and European partners to limit China’s involvement, citing unfair trade practices.
Nykaa’s shares experienced a dip following a significant block deal. Early investors Harindarpal Singh Banga and Indra Banga planned to sell part of their holdings. The transaction involved approximately 6 crore shares. Global investment banks oversaw the sale. Nykaa is aiming for its fashion segment to break even by FY26.
Indian e-commerce giants Swiggy and Eternal are outperforming domestic indices and Asian peers, fueled by the rapid growth of quick commerce. This sector, projected to reach $100 billion by 2030, sees established players like Swiggy, Zomato’s Blinkit, and Zepto maintaining market dominance due to efficient delivery and established supply chains, contrasting with challenges faced by…
The Reserve Bank of India (RBI) has prohibited banks and other regulated lenders from charging prepayment fees on floating-rate loans taken by individuals for non-business purposes. Effective January 1, 2026, this directive aims to increase transparency and borrower flexibility. The new rules consolidate previous circulars and ensure clear disclosure of any applicable prepayment charges.
