Business

[ad_1] Nine of India’s ten most-valued companies collectively added Rs 1,00,850.96 crore to their market capitalisation last week, lifted by broadly positive sentiment in the equity markets. Reliance Industries and HDFC Bank led the gains, reflecting investor confidence.The benchmark BSE Sensex rose by 737.98 points, or 0.90%, during the week, helping major firms register healthy…

[ad_1] Private sector lender HDFC Bank has reduced its benchmark lending rates following the Reserve Bank of India’s (RBI) unexpected decision on Friday to cut the repo rate by 50 basis points in a bid to revive the slowing economy.The bank revised its marginal cost of funds-based lending rates (MCLR) downward by 10 basis points…

[ad_1] Tata Steel will be beginning the construction of its state-of-the-art electric arc furnace (EAF) facility at Port Talbot, Wales, in July 2025, with production expected to commence by 2027. The company confirmed in its FY24-25 annual report that all key approvals for the $1.5 billion project are now in place.Backed by 500 million pounds…

[ad_1] Delhi chief minister Rekha Gupta on Sunday announced that the Centre had given a green signal to infrastructure projects worth Rs 24,000 crore, aimed at easing traffic congestion and reducing pollution in the capital and its surrounding areas. Among the key developments is a five-kilometre tunnel connecting Shiv Murti–Mahipalpur on the Dwarka Expressway with…

[ad_1] Indian fashion e-commerce giant Myntra has set its sights on international expansion, beginning with Singapore, where it launched its Myntra Global platform last month to cater to the growing Indian diaspora.Nandita Sinha, CEO of the Bengaluru-based company, said the move marks the beginning of a long-term global ambition. “With the launch of Myntra Global…

[ad_1] Maharashtra and Karnataka emerged as the top magnets for foreign investment in India, together accounting for more than half of the country’s total FDI.Overall, India’s total FDI, comprising equity inflows, reinvested earnings, and other capital, rose by 14% to $81.04 billion in 2024–25, marking the highest inflow in the past three years. In the…

[ad_1] DGTR suggested measures to protect domestic manufacturers from unfair import pricing. (AI image) India has slapped anti-dumping duties on insoluble sulphur imported from China and Japan. Additionally, the country has levied anti-dumping duty on vitamin-A palmitate imports originating from China, the European Union and Switzerland.Tyre producers utilise insoluble sulphur as a key component to…

[ad_1] NEW DELHI: Market sentiment this week will be shaped by global trends, key inflation data, and foreign investor activity. Investors will also keep a close watch on monsoon progress and updates on international trade talks, according to market experts.“Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such…

[ad_1] NEW DELHI: India’s top four oil suppliers and key members of the OPEC+ alliance, Saudi Arabia, Russia, Iraq, and the UAE have significantly ramped up production and directed a major portion of the additional output to India.Their collective market share has reached approximately 78% in India, the world’s third-largest oil consumer. These nations have…

[ad_1] Sakshi Gupta had gained unauthorised access to more than 110 accounts of 41 customers and executed multiple illegal transactions. Rs 4.58 crore siphoned off – over 100 accounts of customers accessed – fixed deposits broken: This is not some movie plot – it’s a stunning fraud that a former ICICI Bank relationship manager pulled…