India’s defence production has touched a record high of ₹1,27,000 crore (US$ 14.80 billion) in the financial year 2023-24, according to the Ministry of Defence. This marks a significant milestone under the Make in India initiative, which aims to enhance domestic manufacturing and reduce reliance on imports. The most notable shift is in the origin …
In a significant move favouring electric vehicle (EV) manufacturers, Maharashtra Chief Minister Devendra Fadnavis announced the rollback of the proposed six per cent tax on high-end electric vehicles priced above ₹30 lakh. The decision, declared during a legislative session on Wednesday, marks a strategic pivot from a policy initially introduced in the 2025–26 state budget …
On March 27, 2025, as of 12:06 PM, the BSE Sensex was up 0.39% at 77,592.75, while the Nifty 50 was up 0.41% at 23,583.15. The mid-day top gainers and losers for the day are: Mid-Day Top Gainers Symbol Open High Low LTP %chng MBLINFRA 34.5 41.4 34.46 41.4 20 NATCAPSUQ 168.05 199 168.05 188.41 …
The Securities and Exchange Board of India (SEBI) has permitted trading in the shares of Bharat Global Developers Ltd (BGDL) under strict conditions, requiring the company to disclose key financial data for the financial year 2024-25 before April 15. The decision aims to protect investor interests after SEBI previously suspended trading due to financial misrepresentation …
As of March 26, 2025, the Nifty 50 closed at 23,486.85, down 181.80 points (-0.77%), reflecting a bearish sentiment in the market. Similarly, the BSE Sensex ended at 77,288.50, losing 728.69 points (-0.93%). Investors looked for clarity on upcoming US tariffs. Over the past 7 sessions, the Nifty and BSE Sensex have gained 5.7%, turning …
In recent months, the Reserve Bank of India (RBI) has taken significant steps to infuse liquidity into the banking system, addressing the growing concern over a funds crunch and supporting credit growth. According to the RBI’s latest monthly bulletin, the central bank injected approximately ₹15.5 lakh crore into the system over the past two months. …
The Securities and Exchange Board of India (Sebi) has placed WeWork India’s initial public offering (IPO) on hold while also returning the draft offer documents of Star Agriwarehousing, as per news reports Additionally, Indira IVF Hospital has withdrawn its draft IPO filings, which were submitted via the confidential route, as per media reports. WeWork India’s …
The Indian government has announced a waiver on import duties for several essential components used in the manufacturing of electric vehicle (EV) batteries and mobile phones. This move is part of a broader effort to support domestic production and enhance the global competitiveness of Indian manufacturers. Boosting Local Manufacturing Speaking ahead of the Finance Bill …
Starting May 1, withdrawing cash from ATMs will become more expensive as the Reserve Bank of India (RBI) has approved an increase in ATM interchange fees. This fee is the amount one bank pays another for allowing its cardholders to use their ATM services. The revision aims to cover the growing costs of maintaining ATMs …
The Reserve Bank of India (RBI) has introduced significant changes to the Priority Sector Lending (PSL) framework, aiming to ensure more equitable lending practices. These new guidelines, effective from April 1, 2025, provide additional safeguards for small borrowers, specifically protecting those taking loans of up to ₹50,000 under the PSL category. Protection for Smaller Loan …
