After heightened activity in 2024, there has been a slowdown in new listings, with no main-bourse IPOs hitting the market in the past three weeks due to a correction in the secondary market. This slowdown in IPO activity is reflected
Finance Minister Nirmala Sitharaman on Saturday said the GST rates will come down further and the work on rationalising tax rates and slabs has “almost reached a finale”. Photograph: ANI Photo She said that the revenue neutral rate (RNR) has
Finance Minister Nirmala Sitharaman on Saturday said India is looking for a “good” trade agreement with the US to promote economic growth and ensure smooth supply chains. Photograph: ANI Photo She also said that amid a growing global tariff war,
Indian pharmaceutical companies may have units abroad as part of “distributed manufacturing” across various locations, according to industry veterans. This may come about over the next five to 10 years. There will be more interdependence between research and development (R&D)
Despite heavy foreign outflows of over $20 billion since September 2024, top global investors remain optimistic about India’s long-term growth prospects, even as they acknowledge near-term concerns over valuations and cyclical adjustments. Speaking at Moneycontrol’s Global Wealth Summit, Vishal Mahadevia,
Oil prices gained on Friday but retreated from session highs after U.S. President Donald Trump threatened sanctions on Russia if it fails to reach a cease-fire with Ukraine. Brent crude futures settled at $70.36 a barrel, up 90 cents, or
‘And America will invite India in to have really an extraordinary opportunity and relationship with us.’ IMAGE: US Commerce Secretary Howard Lutnick at the US Capitol in Washington, DC, March 4, 2025. Photograph: Brian Snyder/Reuters United States Secretary of
Oil marketing companies (OMCs), paint manufacturers, tyre producers, and aviation stocks witnessed significant gains as Brent crude oil prices slipped below $70 per barrel. The price drop came after a double blow: The US imposed tariffs on Canada and Mexico,
India’s forex reserves dropped by $1.78 billion to $638.7 billion in the week ended February 28, the RBI said on Friday. Photograph: Lee Jae-Won/Reuters The overall forex kitty had jumped by $4.76 billion to $640.48 billion in the previous reporting
Equity benchmark indices Sensex and Nifty surrendered early gains to close almost flat in a highly volatile trade on Friday as uncertainties over the global trade war sapped investor’s risk appetite. Snapping its two-day winning streak, the 30-share BSE Sensex
