India’s services sector experienced its strongest expansion in ten months in June, fueled by robust domestic demand and increased international sales. The Services PMI Business Activity Index surged to 60.4, driven by new orders and job creation. Despite strong overall performance, optimism among service providers has slightly moderated, with future growth expectations dipping to their…
India and the US are striving to finalize a trade deal before Trump’s July 9 tariff deadline, but disagreements persist over agricultural imports and tariff reductions. While the US seeks greater access for its agricultural products, India is hesitant due to concerns about domestic farmers and genetically modified foods.
CII projects India’s economic growth at 6.4-6.7% for FY26, driven by strong domestic demand, while acknowledging geopolitical risks. The industry body proposes GST rationalization, tax reforms, and infrastructure improvements to enhance ease of doing business. These measures aim to lower costs and attract investment, reinforcing India’s stable growth fundamentals.
ITR filing FY 2024-25: Taxpayers filing ITR-2 and ITR-3 face delays as the Income Tax Department hasn’t released the utilities due to extensive changes in the forms. These forms, applicable for individuals with complex financial profiles, require comprehensive technical modifications. Recognizing the time needed for system readiness, the CBDT has extended the ITR filing deadline…
Indian startups are increasingly turning to local stock markets for fundraising, with 12 tech firms filing for IPOs to raise over Rs 18,000 crore. This shift is driven by stronger valuations and a desire to fund growth and expansion. While some companies are already profitable, investors remain cautious, prioritizing clarity around profitability and cash flow…
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.
