business

Nobel laureate Abhijit Banerjee suggests India reassess Russian oil imports due to increased US tariffs, potentially impacting $27 billion in exports. He proposes leveraging trade negotiations with the US and China, including reconsidering investment restrictions. Banerjee also advises exploring ASEAN membership while acknowledging China’s greater importance, and expresses concerns about India’s economic growth and middle-class…

Indian stock markets anticipate a volatile week. Us tariff impact, first quarter earnings, and inflation data are expected. Investors will closely monitor India’s CPI and WPI inflation figures. Global developments, especially US-India trade talks, are crucial. Key earnings from companies like Ashok Leyland and ONGC could drive stock movements. Foreign investors have already withdrawn funds,…

India has actively expanded its global trade network, implementing several key Free Trade Agreements (FTAs) over the past five years. Agreements with Mauritius, the UAE, and Australia have shown varied trade impacts, including export growth and increased investment. India is also pursuing new trade deals with multiple countries and modernizing existing agreements to further boost…

Nayara Energy, formerly Essar Oil, faces significant challenges due to sanctions following EU’s sanctions on Russian ooil. These sanctions impact exports, shipping, and finances. While shifting focus to the domestic market offers some relief, it affects profitability.

Amidst a weak equity market sentiment, six of India’s top ten companies experienced a significant market capitalization erosion, totaling Rs 1,36,151.24 crore last week. Reliance Industries suffered the most substantial loss. Conversely, LIC, TCS, and SBI saw gains in their market valuations, while Reliance Industries retained its position as the most valued company.

Prime Minister Narendra Modi is set to inaugurate Bengaluru’s Yellow Line metro, a 19-km stretch connecting RV Road to Bommasandra, significantly expanding the city’s metro network. This addition will make Bengaluru’s metro the second-longest in India, enhancing connectivity to key residential, industrial, and tech areas.

Sebi has updated the rules for private InvITs converting to public ones, effective immediately. The changes include revised sponsor holding requirements and standardized disclosure norms to match follow-on offer standards. These adjustments, influenced by industry feedback, aim to protect investors, improve market efficiency, and ensure consistent regulatory practices.

RBI Deputy Governor Swaminathan Janakiraman emphasized that financial inclusion extends beyond banking access, focusing on empowering individuals through financial literacy for improved lives and economic contribution. Indian Bank’s Financial Inclusion Saturation programme in Tiruvallur facilitated Re-KYC and enrolment in schemes like PMJJBY and PMSBY, benefiting over 2,000 community members.

Tiruppur’s garment industry faces challenges as the United States imposes new tariffs. Several manufacturers suspend production, and others consider their options. American buyers pause existing orders, leading to uncertainty. The tariff hike follows India’s continued purchase of Russian oil. Exporters plan to explore alternative markets like the UK. Other sectors, including chemicals and leather, are…

Technocraft Ventures, a wastewater treatment solutions provider, has filed for an IPO with Sebi, consisting of a fresh issue of shares and an offer for sale by a promoter. The company intends to use the IPO proceeds for working capital and general corporate purposes. Technocraft Ventures reported a revenue of Rs 279.56 crore and a…