India’s forex reserves jumped by $4.36 billion to $693 billion during the week ended December 19, the Reserve Bank said on Friday. Illustration: Dado Ruvic/Reuters The overall kitty had increased by $1.69 billion to $688.95 billion in the previous week.
Tamilnad Mercantile Bank Limited is on an expansion spree. It has opened new branches in Velandipalayam, Kalapatti, Davanagere, Puthukkadai, and Nikol, as per an exchange filing. This is part of the bank’s strategy to expand its presence in these areas
Copper, a critical metal for electronics, has joined precious metals in a record-breaking run in 2025, with prices advancing 41% so far to nearly $12,300 per ton on the LME. The rally has been driven by concerns that the supply
Benchmark stock index Sensex dropped by 367 points in its third straight day of losses on Friday due to foreign fund outflows and lack of any major domestic triggers. Photograph: Arko Datta/Reuters Falling for the third consecutive day, the 30-share
A shift appears underway in India’s tax landscape. States with relatively smaller tax collections like Odisha and Telangana are emerging as the fastest-growing contributors to indirect and direct tax collections, respectively. Illustration: Dominic Xavier/Rediff They are challenging the long-standing dominance
Sunil Bharti Mittal-led conglomerate Bharti Enterprises and private equity firm Warburg Pincus will collectively acquire a 49 per cent stake in Haier Appliances India, the local unit of China’s Shandong-based Haier group, for an undisclosed amount. Photograph: Aly Song/Reuters The
‘Unlike the US, which is largely homogeneous, India has many languages, many demographics, very different discretionary spending, and very different digital maturity.’ Image used for representation purpose only. Photograph: Francis Mascarenhas/Reuters Prosus, the Amsterdam-based technology investor with net assets valued
Lenskart Solutions Ltd said its wholly owned subsidiary, Lenskart Solutions Pte. Ltd., Singapore, has approved an investment of KRW 3 billion (around ₹186 million) to acquire a 29.24% stake in iiNeer Corp. Ltd, a South Korea–based optical machinery startup. The
Recently listed stock Vikran Engineering is expected to attract investors’ attention during Friday’s session, December 26, after the company secured a significant order win. The company, in a press release issued today, said it has received a Notification of Award
The Centre has proposed allowing captive mine owners to sell minerals in the open market after meeting the requirement of their linked end-use plants, as part of a broader overhaul of mineral concession rules aimed at easing operational restrictions and
