Defence mutual funds have emerged as the hottest theme on BSE and NSE, delivering up to 60% returns in just three months. Backed by record defence exports, strong government orders, and rising geopolitical tensions, investors’ interests have soared. With strong government backing and escalating geopolitical tensions, India’s defence sector has emerged as a standout…
Analysts said the Nifty continues to trade within a narrow band and a decisive move beyond the 24,700–24,800 zone is likely to set the tone for the next directional move. Sensex, Nifty closed lower in a range-bound trade on Friday. The equity benchmarks ended lower on Friday in a range-bound trade, weighed down by losses…
Nominal GDP surged by 9.8% over the previous year, reaching ₹330.68 lakh crore, while real GDP at constant prices touched ₹187.97 lakh crore. The fourth quarter alone saw nominal GDP jump 10.8% to ₹88.18 lakh crore. India’s economy clocked a 6.5% growth in real GDP for FY 2024-25, according to provisional estimates released by…
Among important changes, SEBI has enhanced the Index Options position limit to Rs 10,000 crore from the earlier proposed limit of Rs 1,500 crore while net end-of-the-day limit has been enhanced to Rs 1,500 crore from the earlier proposed Rs 500 crore. Also, intra-day limits have been removed. The new Net end of day limit…
Backed by rising volumes, cost efficiencies, and PLI support, Bajaj Auto is narrowing losses that once weighed heavily on its EV portfolio. Bajaj Auto’s electric scooter, Chetak, led the electric two-wheeler segment in the January–March quarter of FY25. Following the roaring success of Chetak, Bajaj Auto is nearing EBITDA break-even for the electric scooter…
Market regulator SEBI has barred former MD&CEO IndusInd Bank Sumant Kathpalia, former Dy CEO Arun Khurana and three others for alleged insider trading. SEBI in its interim order found that they traded during the existence of Unpublished Price sensitive information. The others included Sushant Sourav, Rohan Jathanna and Anil Marco Rao. SEBI whole time member…
The IPOs of Sri Lotus Developers & Realty (Rs 800 crore), Travel Food Services (Rs 2,000 crore), Laxmi India Finance (Rs 200 crore), Indogulf Cropsciences (Rs 300 crore) and NSDL (Rs 3,000 crore) are likely to be launched in June, say market sources. The month of June is likely to see more than half a…
Leela Hotels and Aegis Vopak continue to garner robust subscription in the primary market on the second day of initial share sale on Tuesday. Leela Hotels, Aegis Vopak IPO GMP surge as subscription gains momentum. The initial public offer of Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, got subscribed 13 percent on the second…
India is the top remittance recipient in the world, 3.5% tax to add to cost of transactions but may not discourage remittances by much Sending money back home from the US could turn costlier with the proposed “One Big Beautiful Bill” by the US, including a 3.5% tax on all remittances by non-citizens. While…
While the majority of Apple’s flagship phone production currently takes place in China, the company has begun to shift manufacturing operations to India. President Donald Trump on Friday announced that Apple will be subject to a tariff of 25% or more for iPhones manufactured outside of the United States. In a statement on social…