With respect to the Surplus Distribution Policy, any available equity in excess of 7.5 per cent of the balance sheet size (after considering shortfall in market risk buffers, if any) may be written back from the Contingency Fund to income The Reserve Bank of India’s (RBI’s) central board, which met today, has approved a…
DetailsThe rating agency projects the economy to log 6.4 percent growth in 2025, followed by 6.3 percent in 2026 and 6.4 percent in 2027 Potential growth raised to 6.4% by Fitch Ratings Indian economy could average 6.3 percent growth over the next five years, global ratings agency Fitch Ratings noted on May 22. The rating…
DetailsTata Motors has launched the 2025 Tata Altroz facelift at a starting price of Rs 6.89 lakh (ex-showroom). This is the first time that the premium hatchback is getting a fresh look since 2020. The price range for the facelift starts at Rs 6.89 lakh and goes all the way up to Rs 11.29 lakh…
DetailsIndiGo declares dividend of Rs 10 per share IndiGo was expected to report a 19-27 percent jump in its revenues according to estimates by three brokerages. Interglobe Aviation Ltd, which runs low-cost airline IndiGo, on May 21, reported a profit of Rs 3,067.5 crore for the quarter ended March 31, 2025, flying into its second straight…
DetailsThe report highlights that foreign investors remain underweight on India, but there are early signs of interest returning Morgan Stanley has reiterated its bullish stance on Indian equities, calling the recent correction from September 2024 highs a buying opportunity. In its latest mid-year outlook, the brokerage raised its Sensex target for June 2026 to 89,000,…
DetailsDiscussions on non-tariff issues may take longer and are likely to continue According to sources, India is keen on completing the discussions and finalising an interim arrangement on tariffs before the reciprocal tariffs by the US kick in from July 9. India and the US are understood to be working on an early harvest…
DetailsSEBI examining the timing of trades by these six officials to ascertain whether the sales violated regulations, the report said Investigations are in preliminary stages and show cause notices to the individuals and to the bank have not yet been sent. Reuters India’s markets regulator is investigating six IndusInd Bank officials for insider trading to determine if…
DetailsMarket sentiment received a boost after retail inflation fell to a nearly six-year low of 3.16 percent in April. The benchmark indices ended higher on Wednesday, buoyed by easing retail inflation and positive global cues, even as technical analysts suggested that bullish momentum in the market could persist as long as the Nifty trades above…
DetailsStock market strategy:The markets are likely to consolidate in the near-term after a relief rally earlier this week that saw the Sensex and the Nifty 50 record their best day in four years, analysts said. Most positives, they believe, are in the price even as overhang related to foreign investors’ inflows and uneasy calm at the India, Pakistan border…
DetailsRetail inflation was 3.34% in March; food inflation in April was 1.78%, lower than 2.69% in the preceding month India’s annual retail inflation slowed to 3.16% in April from 3.34% in March, marking its lowest in nearly six years as food prices rose at a slower pace, government data showed on Tuesday. It is the…
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