Benchmark stock market indices closed higher for the third consecutive session on Wednesday, continuing its positive momentum this week. However, information technology (IT) stocks dragged the markets down. The S&P BSE Sensex gained 147.79 points to settle at 75,449.05, while the NSE Nifty50 added 73.30 points to close at 22,907.60. Aditya Gaggar, Director of Progressive…
The Union Cabinet has approved the extension of the Rs 1,500 crore incentive scheme for small-value UPI transactions. The move is aimed at supporting small merchants and encouraging digital payments by reducing costs for stakeholders in the UPI ecosystem. The scheme covers transactions up to Rs 2,000 and will be in place for one year, from April…
The country is going to be the third largest by fiscal 2028 with the GDP likely to expand to USD 5.7 trillion—from USD 3.5 trillion in 2023 and USD 4.7 trillion in 2026, says a foreign brokerage. By fiscal 2028, the country will also be the world’s most sought-after consumer market and gains share in…
IndusInd Bank’s CEO Sumant Kathpalia and Deputy CEO Arun Khurana collectively earned ₹157 crore through share sales in 2023 and 2024. Both executives utilized the Employee Stock Option Scheme (ESOPs) to sell and buy shares of the bank. Kathpalia sold nearly 9.5 lakh shares worth ₹134 crore while purchasing shares worth ₹34 crore, resulting in…
On March 6, 2025, the Indian Rupee fell by 6 paise to settle at 87.12 against the US Dollar. This decline came after a three-day rally where the Rupee had gained 18 paise over the preceding two sessions. The Rupee’s performance was influenced by several factors, including uncertainty over trade tariffs and persistent foreign fund…
Rajneet Singh Kohli, the CEO of Britannia Industries, has resigned from his position, effective March 14, 2025. Kohli joined Britannia as CEO in September 2022 and has previously held leadership roles at Domino’s India, Asian Paints, and Coca-Cola. His resignation was submitted on March 5, 2025, and the Board of Directors acknowledged it through a…
Shares of Tata Motors and Tata Investments rose up to 3 per cent on March 4, amid reports that Tata Capital, the financial services arm of the Tata Group, is eyeing a valuation of $11 billion for its upcoming public offering. While Tata Motors holds about 4 per cent stake in Tata Capital, Tata Investments…
A London court has ruled in favor of IDBI Bank, directing Axcel Sunshine Ltd, linked to former Aircel promoter Chinnakannan Sivasankaran, to pay $143.7 million (approximately ₹1,250 crore) towards principal and interest on a defaulted loan. The dispute stems from a $67 million loan taken in 2014 by Axcel Sunshine Ltd, a subsidiary of Siva…
Health insurance premium growth has seen a significant slowdown after reaching record highs during the Covid-19 pandemic. The tapering demand from retail consumers, driven by affordability issues, has contributed to this decline. According to data from the General Insurance Council, health insurance premiums grew by 10.44 percent year-on-year (Y-o-Y) in the April-January period of FY25,…
Onix Renewable, a prominent player in the renewable energy sector, is planning to launch an Initial Public Offering (IPO) worth Rs 1,000 crore. The company aims to achieve a valuation of Rs 10,000 crore through this IPO. The funds raised will be used to expand their solar energy projects and strengthen their solar module manufacturing…
