Investment through 2032 to cover Hyundai and Kia plants, R&D, local suppliers and new mobility businesses South Korean chaebol Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032, expanding manufacturing capacity at Hyundai Motor India Ltd and Kia India while strengthening research and development, local sourcing and future mobility businesses. The…
High oil prices and weak monsoon, which will weigh on food prices, are likely to push up inflation, and in this backdrop, RBI may raise the repo rate by 25 bps each in October and December, feels D. K. Joshi, Chief Economist at Crisil Are you a home-loan borrower? Your interest rate may go up…
Despite robust GDP growth of 7.8%, India’s Nifty 50 index has plummeted 13% YTD, highlighting a stark divergence between economic strength and market performance. What explains it? Do the economy and markets go hand in hand? Mostly yes, but not always. There are times when the two can diverge, with the stock market moving in…
Gross direct tax collections grew 15.19% to ₹14.32 trillion a year earlier. Net corporate tax collections, after accounting for refunds, increased 19.48% New Delhi: Net direct tax collections rose 12.96% year-on-year to ₹12.12 trillion as of 17 September of fiscal year 2027, as per the income-tax department’s provisional data released on Friday. Gross direct tax…
Various countries, including the United States, enforce regulations on foreign monetary inflows, the Ministry of External Affairs (MEA) said. India on Friday responded to a remark made by a US lawmaker on the proposed Foreign Contribution (Regulation) Amendment (FCRA) Bill, stating that the matter is India’s ‘internal affair.’ Various countries including the United States, enforce…
Vedanta announced the demerger of its surplus real estate assets into a new entity, Vedanta Property Platforms Ltd (VPPL). Vedanta Ltd on Thursday reported a 71.84 per cent year-on-year (YoY) rise in consolidated net profit attributable to owners at Rs 5,473 crore for the quarter ended June 30, 2026 (Q1 FY27), compared with Rs…
An analyst said investors should remain invested instead of rushing to book profits as the Nifty has reclaimed the 24,000 mark. The benchmark indices Sensex and Nifty opened with strong gains on Monday amid optimism over a US-Iran peace deal, but gave up a part of their gains due to profit booking during the…
A Bloomberg report said that the US and Iran are edging closer to signing an agreement to reopen the Strait of Hormuz as the Group of Seven world leaders are set to meet next week. Stock Market Today: Indian benchmark indices rallied on Friday, June 12, 2026, as easing geopolitical tensions lifted investor sentiment.…
While immediate shortages are unlikely, rising crude prices and higher freight and insurance costs could impact India’s import bill and inflation India holds sufficient crude and fuel inventories to meet domestic demand for petrol, diesel, and other fuels for six to eight weeks, top government sources said, cushioning the country against any short-term supply disruption…
The Sensex crashed 1,236 points, while the Nifty 50 ended at 25,454.35. Investors lost about ₹8 lakh crore as the overall market capitalisation of BSE-listed firms dropped to nearly ₹464 lakh crore during the day from ₹472 lakh crore in the previous session. The Indian stock market saw a sharp selloff on Thursday, February 19,…