NSDL shares debuted strongly on Wednesday, listing at a 15% premium over the issue price of Rs 800, reaching Rs 920 and a market valuation of Rs 18,249 crore. The Rs 4,011 crore IPO was oversubscribed 41 times.
The RBI’s MPC has maintained the repo rate at 5.5% in its August review, offering no immediate EMI relief for borrowers, despite previous cuts. While a 1% repo rate reduction this year hasn’t fully translated to lower EMIs, expectations are for future reductions. This decision occurs amidst potential tariff hikes by the US due to…
Donald Trump has threatened to impose substantial tariffs on India for continuing to purchase Russian oil, despite criticism from within his own party. Nikki Haley cautioned against harming relations with India while seemingly giving China a pass. India has defended its oil imports, citing diverted traditional supplies and pointing out that other nations also trade…
Kotak Bank has refuted reports of a customer seeing a 37-digit balance via a third-party UPI app, advising users to check balances on its official platforms. The bank clarified that the media reports indicating unusually large balances were inaccurate. Customers are urged to verify their account details using Kotak’s mobile banking app or net banking…
Bharti Airtel’s consolidated profit surged 43% to Rs 5,948 crore in the June quarter, marking its fifth consecutive quarter of profit growth, fueled by new subscribers and the impact of previous tariff increases. The company’s Africa operations witnessed a five-fold jump in net profit. India’s ARPU increased to Rs 250, surpassing Jio’s Rs 209.
Gautam Adani has relinquished his executive role at Adani Ports, becoming non-executive chairman due to Companies Act restrictions. He now focuses on emerging businesses as executive chairman of Adani Enterprises. His son, Karan Adani, already manages port operations. Gautam holds non-executive chairman positions in seven other group companies.
Nearly 580 National Highway projects, valued at approximately Rs 3.9 lakh crore, are facing delays, while another 200 projects worth Rs 1.6 lakh crore are yet to commence. Land acquisition hurdles, contractor-related issues, and pending clearances are the primary causes.
Following US President Trump’s tariff announcement, Indian pharmaceutical and textile companies experienced significant stock declines. Gokaldas Exports saw the steepest fall at 15.9%, with other textile players like Vardhman Textiles and Welspun Living also facing value erosion. While pharma is currently exempted, threats of future duties have negatively impacted stocks of Aurobindo Pharma, Lupin, Sun…
A significant churn in CFO positions across corporate India is observed, with nearly 70% exiting within two years, as revealed by Ishwa Consulting’s data. Misaligned mandates and unclear decision rights trigger almost half of these departures, overshadowing performance issues. The trend varies across sectors, with faster-moving industries experiencing higher turnover, and internal promotions showing greater…
The rupee plummeted to a record closing low of 87.8 against the dollar amid escalating US-India trade tensions fueled by potential tariff hikes. Equities weakened, with the Sensex and Nifty declining. Foreign investors offloaded shares worth ₹2,567 crore. While a weaker rupee could cushion the tariff impact by boosting exports, it also raises import costs…
