Rare earth curbs to hit EV, RE, defence sectors

India’s macroeconomic health is in a “relative goldilocks situation”, and although the risk of higher landed oil prices, due to insurance cost surges and closure of choke points due to the brief Israel-Iran war, has receded, it is “too soon

ICICI Bank to raise stake in asset management arm by up to 2%

Private sector ICICI Bank on Friday said its board has approved additional 2 per cent increase stake in its asset management arm ICICI Prudential Asset Management Company. Photograph: Francis Mascarenhas/Reuters The board of the bank on Friday approved purchase of

Forex reserves decline by $1 bn to $697.93 bn

India’s forex reserves dropped by $1.01 billion to $697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the reserves had jumped by $2.29 billion to

India posts current account surplus of $13.5 bn in Q4FY25: RBI data

India posted a current account surplus of $13.5 billion or 1.3 per cent of GDP in March quarter 2024-25 as compared with $4.6 billion in the year-ago period mainly on account of surge in services exports and higher remittances, according

Tech: 10 Indian Startups in WEF Top 100

Notably, four portfolio companies– Agnikul, ePlane, CynLr, and GalaxEye — of deep-tech investor Speciale Invest have made it to the list. Kindly note this illustration generated using Microsoft Copilot is only posted for representational purposes. Ten Indian startups working on

For Herman Jansen, India still a strategically-important emerging market

Herman Jansen continues to see India as a strategically-important emerging market despite selling the global rights for Maison House and Savoy Club brands from UTO Asia to Allied Blenders and Distillers (ABD). Photograph: Kind courtesy, Herman Jansen Herman will focus

HDFC Bank vs Lilavati Trust: Several HC benches recuse from hearing plea

Several benches of the Bombay high court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan’s plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical

Sebi extends rebalancing timeline rule to all passive MF breaches

Market regulator Sebi on Thursday said that timelines for portfolio rebalancing in mutual fund schemes will now be applicable to all types of passive breaches across actively managed schemes, which was earlier limited to only asset allocation. Illustration: Uttam Ghosh/Rediff

Sensex jumps 1,000 points; Nifty surges over 1%

Rallying for the third consecutive session, equity benchmark indices Sensex and Nifty surged over 1 per cent on Thursday, powered by intense buying in market heavyweights HDFC Bank, Reliance Industries and ICICI Bank as geopolitical tension in the Middle East

Adani, 4 others submit ₹10k-11k cr bids for Jaiprakash Associates

Five companies have submitted resolution plans for Jaiprakash Associates Ltd (JAL), the flagship company of the beleaguered Jaypee group, the company has said in a stock exchange filing. Photograph: Amir Cohen/Reuters The Adani group, Vedanta, Jindal Steel & Power, Dalmia