Business news

Six of India's top 10 firms add Rs 1.62 lakh crore in market value this week

ICICI Bank's market value rose by Rs 8,012.13 crore to Rs 10,18,387.76 crore, while State Bank of India (SBI) added Rs 3,212.86 crore, taking its total to Rs 7,10,399.75 crore.

Jun 23, 2025

Nifty, Bank Nifty show bullish pattern, hint at possible breakout: Report

The pattern, often seen as a sign of consolidation followed by potential breakout, suggests that investor sentiment remains optimistic amid supportive technical indicators and favourable market structure, according to Choice Broking.

Jun 22, 2025

LIC Housing Finance cuts lending rates to 7.50% on new home loans, boosting home ownership hopes

This move follows the recent repo rate cuts announced by the RBI's Monetary Policy Committee (MPC), with LIC HFL passing on the benefit to new home loan customers to encourage home ownership and improve affordability.

Jun 21, 2025

No more obstacles in case of NSE IPO: SEBI Chairman

No more obstacles in listing much-awaited NSE IPO: SEBI Chairman

However, when asked whether the NSE IPO could see the light of the day ahead of Diwali this year, the markets regulator chief declined to comment on any timeline.

Jun 21, 2025

India's forex reserves increase to $698.95 billion

The country's forex kitty stood at $696.66 billion in the preceding week ended on June 6, registering an increase $5.17 billion. With a close to $7.5 billion rise over the fortnight, India's foreign exchange reserves are nearing the all-time high of $704.885 billion that was recorded at September-end last year.

Jun 21, 2025

Central Banks in Crisis: Monetary Tempests Eroding Global Equity

India's macroeconomic fortitude 2.82% CPI inflation in May 2025, per The Hindu BusinessLine falters as rupee depreciation stokes 3.7% Q3 inflation, per RBI's Financial Stability Report 2025.

Jun 21, 2025

Indian stock market shrugs off midweek volatility, ends week on robust note

The Nifty 50 convincingly closed above the psychologically significant 25,000 mark on Friday, underscoring bullish momentum. At the closing bell, the Sensex rallied 1,046.30 points, or 1.29 per cent, to settle at a fresh high of 82,408.17, while the Nifty 50 advanced 319.15 points, or 1.29 per cent, to end at 25,112.40.

Jun 21, 2025

Sensex, Nifty open flat as investors await RBI's repo rate decision

Sensex surges over 1,000 points as geopolitical worries ease

After a strong start, both the Sensex and Nifty ended the day with solid gains. The Sensex closed at 82,408.17, up by 1,046 points or 1.29 per cent.

Jun 20, 2025

RBI's Gold Loan Rules: A New Era for Lenders

Centre restricts import of certain precious metal alloys containing gold

This measure expands upon the existing restriction on the import of Platinum, "to now include the entire Customs Tariff Heading (CTH) 7110 at the 4-digit level, thereby ensuring uniformity in the import policy governing precious metals and their alloys," according to a Commerce Ministry statement.

Jun 20, 2025

Indian stock market opens higher amid positive Asian cues

At around 9.25 am, Sensex was trading 228.15 points or 0.28 per cent up at 81,590.02 while the Nifty added 55.10 point or 0.22 per cent at 24,848.35

Jun 20, 2025

Record 1,197 Indian-owned firms with over 72 billion pounds revenue now operating in UK

"Wipro IT Services UK Societas tops the growth rankings with a 448 per cent revenue surge, followed by a new entrant, corporate IT management firm, Zoho corporation Limited, which posted 197 per cent growth," said the report.

Jun 19, 2025

RBI has new rules for gold loan: lenders' business models must undergo changes

The RBI's new gold loan rules are set to transform India's lending landscape. Lenders must adapt to new regulations, focusing on operational agility and service excellence. The gold loan market is poised for growth, driven by regulatory clarity and customer-centric practices.

Jun 19, 2025

India VIX falls below 14; eases market fears

Experts have highlighted that with the India VIX trading below the pivotal 15 mark, it reflects reduced volatility and an improvement in investor confidence. This could potentially support the current market uptrend, provided that other global and domestic cues remain stable.

Jun 19, 2025

Indian stock market trades flat over US Fed policy decision

Nifty Bank was up 43.15 points or 0.08 per cent at 555,871.90 The Nifty Midcap 100 index was trading at 58,068.85 after dropping 40.35 points or 0.07 per cent. Nifty Smallcap 100 index was at 18,404.05 after adding 25.60 points or 0.14 per cent.

Jun 19, 2025