In the fourth quarter and the fiscal year of FY25, mid- and small-cap IT services companies continued to outperform their larger counterparts; analysts predict that this trend will continue into FY26. This is a big change from the past, when tech behemoths like TCS, Infosys, and HCL Technologies usually topped the growth charts. Companies like…
Currency experts noted that on the afternoon of May 8, when tensions between India and Pakistan increased, the Indian rupee sank past the 85-mark. At the close of business, the local currency was trading at 85.3850 against the US dollar, down from 84.6387 at the open and 84.8325 at the close of business. Following rumors…
The HSBC India Services Business Activity Index, or services PMI, increased to 58.7 from 58.5 in March, indicating a surge in growth momentum for India’s service providers in April. This showed that the production of the service sector had grown significantly and more robustly. A reading of 50 implies no change, a rating below 50…
The price of two common precious metals, gold and silver, is trying to bounce back from a sharp decline last week. The world’s instability and declining dollar have increased demand for safe-haven assets like gold and silver. While silver prices increased 1% to about $32.40 an ounce on Monday, gold prices in India increased by…
The rupee is doing well. The currency has broken over the psychologically significant 84/$ levels and is up almost 1% daily. These levels were last observed in June 2024. With Donald Trump’s victory in the November 2024 US presidential election, the currency has now erased all losses. Strong dollar inflows and short-covering are being cited…
The rupee has reached a peak of 84.78 to the dollar. New geopolitical concerns and rising demand for the US dollar combined to put pressure on the local currency, causing it to reach its highest level since the start of 2025. According to forex traders, the rupee’s decline is the result of a risk-off mentality…
In India, purchasing gold on Akshaya Tritiya is a long-standing custom that combines good fortune and faith. With an estimated 24,000 tonnes of gold, Indian families are the greatest single owners of the precious metal worldwide. Today’s gold rate in India is Rs 95,500, reaching an all-time high of Rs 1 lakh on April 22….
Mahindra & Mahindra (M&M) stated on Monday that the SML Isuzu acquisition is strategically intended to increase market share in the truck and bus segments while simultaneously attaining higher cost reductions in the tractor segment. The plan to purchase a 59% share in SML Isuzu for a total of Rs 555 crore was accepted by…
A Rs 25,000-crore Maritime Development Fund (MDF) for the shipping industry is anticipated to be approved shortly by the Union Cabinet, according to sources. The final plan was submitted to the Cabinet for approval by the Ministry of Shipping. The MDF was established to support India’s maritime industry, as the Finance Minister had previously stated…
In support of a resurgence in private corporate investment and private spending, Reserve Bank Governor Sanjay Malhotra and the other five members of the rate-setting panel voted earlier this month for a 25 basis point drop in the repo rate. On April 9, Governor Malhotra’s Monetary Policy Committee (MPC) lowered the short-term lending rate by…
