Due to the weakening of the rupee, the increase in US bond yields, and the prospect of a weak earnings season, foreign portfolio investors (FPIs) have withdrawn Rs 64,156 crore (USD 7.44 billion) from the Indian equities markets so far this month. According to data from the depositories, this followed an investment of Rs 15,446…
A new hybrid order of 486 MW was secured by Suzlon Group and Torrent Power, the company stated on Friday. In a regulatory filing, the business stated that the strategic partnership is essential to bolstering the Made in India campaign and assisting India in reaching its ambitious goal of 50% of electricity coming from renewable…
The rupee fell 13 paise versus the dollar to 86.46 on Thursday, according to currency traders, due to a drop in the majority of regional currencies and demand for dollars from overseas banks. Experts predict that the currency’s decline will continue, but at a slower rate now that the pessimistic outlook around the rupee has…
The key role of renewable power The IREDA board has authorized the funding of Rs 5000 crore in one or more tranches through a QIP or placement of qualifying institutions. According to the exchanges’ filing, the board has determined that shareholder permission is required for fundraising, and government ownership cannot reduce the company’s post-issue paid-up…
On January 22, the Board adopted an arrangement that allowed Hindustan Unilever (HUL) to decomming its ice cream business. While releasing its quarterly results for the third quarter of FY25, the FMCG giant revealed the demerger. The company will separately list Kwality Walls (India), which was incorporated on January 10, 2025. Shares of the new…
In the first half of this fiscal year, the government has paid out Rs 1,596 crore for six industries, including electronics and pharmaceuticals, through the production-linked incentive (PLI) scheme, a senior official said on Tuesday. With this, the initiative has now disbursed a total of Rs 11,317 crore since its inception. The scheme’s total expenditure…
The Nifty Midcap 100 and Nifty Smallcap 100 indices continued their downward trajectory, increasing losses during Wednesday’s trading session. Today, the indices fell by as much as 2.5 percent. On January 21, the index experienced declines exceeding 2 percent, reflecting ongoing selling pressure this month. The Nifty Smallcap 100 index has been the most severely…
Following a review of local supply, the government approved the export of one million tonnes (MT) of sugar on Monday for the current 2024–25 (October–September) season. The sweetener’s exports had been prohibited since the previous season. A notification from the food ministry states that “export quotas of 1 MT have been pro-rated among those sugar…
The Tata Group is once again leading Indian companies’ ascent on the international scene. According to Brand Finance’s 2025 Global 500 report, the company’s brand worth increased by 10% to $31.6 billion, making it the first Indian brand to reach the $30 billion mark. This comes after it was named India’s most valuable brand for…
According to data from the Petroleum Planning and Analysis Cell, India’s petroleum product exports increased slightly by 1.5% to 47.5 million tonnes between April and December, from 46.8 million tonnes during the same period. Motor spirit, pet coke, and fuel oil shipments were the main drivers of the increase in exports. However, shipments of petroleum…
