BlackRock Investment Institute highlights India’s growing importance in global investments, driven by demographic shifts, digitalization, and supply chain changes. While neutral on short-term Indian stocks, they recommend above-benchmark allocations for long-term portfolios. India’s stable policies and rising demand attract investors, making its long-term economic case compelling.
IL&FS has petitioned the NCLT to dismiss Chronos Properties’ plea regarding the BKC headquarters sale. IL&FS argues Chronos, backed by Brookfield, breached deal terms by failing to renew a mandatory performance guarantee for its Rs 1,080-crore bid. The dispute arose after IL&FS sought a revised consideration of Rs 1,296 crore, prompting Chronos to seek a…
India’s service sector surged to a 10-month high in June, fueled by increased new orders and robust overseas demand, particularly from Asian, West Asian, and US markets. This expansion led to job creation for the 37th consecutive month, although the pace slowed slightly from May.
India’s IPO market is regaining momentum, fueled by HDB Financial Services’ successful debut and easing geopolitical tensions. Startups like Meesho are leading the charge, with several others, including Pine Labs and Lenskart, preparing to file. Experts predict primary market fundraising could reach $2.4 billion in July.
Vishnu Manchu’s mythological epic, ‘Kannappa,’ featuring a star-studded cast including Prabhas and Mohanlal, has underperformed at the box office, earning Rs 30.10 crore in its first week. Despite a decent opening, collections dipped over the weekend and sharply declined during weekdays. Low theatre occupancy, particularly for the Hindi version, further contributed to the film’s struggles.
Gen Z’s preference for convenient formats like gummies and effervescent powders, coupled with rising health awareness, is driving substantial growth in India’s consumer healthcare market. Companies like Haleon India, Dabur, and Rasna are investing heavily in innovation to capitalize on these emerging trends. This includes focusing on affordable packs and health-conscious options to cater to…
Opposition parties are backing a motion to remove Allahabad High Court Justice Yashwant Varma, according to Union Minister Kiren Rijiju. The move follows the discovery of charred cash at his residence after a fire.
