Sebi’s proposal to introduce a “when-listed” trading period aims to bring transparency to pre-listing transactions and curb grey market practices. The move underscores the regulator’s broader push for ethical governance and investor trust in India’s booming capital markets. To curb grey market activity, the Securities and Exchange Board of India (Sebi) is considering introducing…
Budget Expectations: In the last Budget, released in July, the central government allocated Rs 6.22 lakh crore to the defence sector, a tad higher than the allocation in the interim Budget earlier last year. This time around, will there be an increase in the defence allocation? Budget 2025 Expectations: As India awaits the government’s Union Budget…
India Ratings and Research (Ind-Ra) on Monday said the FY26 Budget should focus on a mix of fiscal consolidation roadmap, while boosting consumption demand, and capex spending. The Centre in the FY22 Union Budget had provided a fiscal consolidation glide path till FY26 according to which the fiscal deficit will be brought down to…
Last week, equity benchmark indices ended in the negative zone for the second straight week amid bouts of volatility, as bulls attempt to defend the 23,000-mark on the Nifty 50. The BSE benchmark – Sensex 30 hit a low of 76,250, and ended the week with a loss of 760 points at 76,619. The Nifty…
Jio Financial Services Ltd (JFSL), the financial services arm of Reliance Industries Ltd (RIL), on Friday (January 17) reported a 0.3% year-on-year (YoY) increase in net profit at ₹294.8 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Jio Financial Services posted a net profit of ₹293.8 crore.…
The International Monetary Fund (IMF) on Friday retained its growth projection for India at 6.5 per cent for FY26 and FY27, holding that it is “in line with potential”. “The growth in India had slowed more than expected, led by a sharper-than-expected deceleration in industrial activity,” the IMF said in the update to its…
The Salil Parekh-led Infosys Ltd on Thursday reported a 11.4 per cent year-on-year (YoY) rise in net profit at Rs 6,806 crore for the December quarter compared with Rs 6,106 crore in the same quarter last year. Revenue for the second-largest IT exporter grew 7.6 per cent YoY to Rs 41,764 crore for the third…
The Central government will set up a committee for the implementation of the 8th Pay Commission for government employees and pensioners, potentially benefiting millions of individuals. The 7th Pay Commission’s recommendations, which were implemented by the Narendra Modi-led government in January 2016, would conclude on December 31, 2025. According to the timeline provided, the 8th Pay…
The much-awaited Mahakumbh 2025 has officially commenced today in Prayagraj, promising to be the world’s largest gathering of people. Spanning until February, the Uttar Pradesh government estimates that approximately 400 million devotees will participate in this grand religious event. Meanwhile, the Confederation of All India Traders (CAIT) projects that Mahakumbh will generate a staggering Rs…
India’s third-largest IT services firm, HCLTech, has raised the lower end of its FY25 revenue growth guidance to the range of 4.5 per cent to 5 per cent. Earlier, the firm had provided a revenue guidance of 3.5–5 per cent. The Noida-headquartered IT services major, HCLTech, reported a net profit for the third quarter (October–December) of…