The Defence Acquisition Council (DAC), chaired by Raksha Mantri Rajnath Singh, has approved various proposals for the Armed Forces amounting to a total of ₹79,000 crore, the government said. In a major boost for India’s defence sector, the Centre has cleared projects worth ₹79,000 crore for the Indian Armed Forces, the Ministry of Defence said…
Under the new framework, the per-transaction limit for categories aligned with tax payments and other high-value transactions has been raised to Rs 5 lakh, while the daily aggregate limit for most of these categories has been increased up to Rs 10 lakh, depending on the category. In a major move to facilitate high-value digital…
Union Finance Minister Nirmala Sitharaman reiterated that the contribution of crude oil to India’s import bill is the highest and so India’s decision to buy oil will always be based on what suits its needs best. Union Finance Minister Nirmala Sitharaman on Friday made it clear that India will continue purchasing Russian oil, stressing…
Edelweiss Mutual Fund rebalanced its equity portfolios in June 2025 with sharp thematic pivots. The fund house exited TCS and Voltas while adding TVS, IRCTC, Trent, and Vishal Mega Mart. Edelweiss Mutual Fund undertook a significant portfolio reshuffle across its equity schemes in June 2025, signalling a tactical tilt towards domestic consumption themes, niche…
Margins of Indian steel makers had been under risk earlier this year when Chinese steel companies dumped cheap steel in the domestic market amid higher tariffs on China Stocks of steel companies surged in July 2 session with Tata Steel, JSW Steel, Jindal Steel and Steel Authority of India rising up to 3.6%. Nifty Metal…
Infosys was the biggest drag on the Nifty 50, falling 3.7 percent on concerns over slowing US client spend. The Nifty IT Index dropped as much as 3.1 percent to its lowest level since July 2025, extending its year-to-date losses to about 16 percentIn a highly volatile session, benchmark indices Sensex and Nifty ended marginally…
The broader market displayed a mixed trend, with the BSE Midcap index remaining rising 0.3 percent while the BSE Smallcap index declined 0.7 percent. March typically sees lower investment activity as investors focus on financial year-end obligations, further limiting buying interest. The Sensex and Nifty closed flat on March 3, after falling over half a…