SUNAINA

Indian exporters noted that Bangladesh’s political turmoil could lead to a short-term shift of garment orders to India. Former Prime Minister Sheikh Hasina’s resignation amid violent protests over job quotas has created instability. Mithileshwar Thakur from the Apparel Export Promotion Council emphasized India’s empathy and disinterest in exploiting the situation. While Indian garment exports are … Read more

Early Tuesday trading saw Wall Street stabilize, with the S&P 500 rising 0.6% and ending a three-day losing streak. The Dow Jones was up 48 points, and the Nasdaq gained 0.8%. This recovery comes after the S&P 500 fell over 6% due to concerns that the Federal Reserve’s aggressive rate hikes might be overly restrictive. … Read more

Tata Power plans to acquire a 40% stake in Khorlochhu Hydro Power Limited (KHPL) for ₹830 crore to develop a 600 MW hydroelectric project in Bhutan. The total project cost is estimated at ₹6,900 crore. The acquisition will be completed in multiple stages, with the first tranche expected within six months. This investment supports Tata … Read more

India aims to achieve 500 GW of renewable energy capacity by 2030, with an expected investment of up to ₹30 lakh crore, according to Union Minister Pralhad Joshi. The government has doubled the renewable energy budget to over ₹20,000 crore this year. Current capacity stands at 200 GW, with significant progress in solar power bringing … Read more

TVS Motor Company reported a 6% rise in consolidated net profit to ₹461 crore for Q1 FY24, up from ₹434 crore in the same period last year. Total income grew to ₹10,448 crore from ₹9,142 crore. On a standalone basis, profit after tax rose to ₹577 crore, up from ₹468 crore, with total income increasing … Read more

Shree Cement Ltd (SCL), promoted by the Bangur family, reported a 51.31% decline in consolidated net profit to ₹278.45 crore for Q1 FY24, compared to ₹571.94 crore a year ago. Revenue from operations increased by 1.73% to ₹5,123.96 crore, while total expenses rose by 10.05% to ₹4,957.24 crore. Total income grew by 1.12% to ₹5,263.09 … Read more

S&P Global Ratings stated that the recent political crisis in Bangladesh, marked by Prime Minister Sheikh Hasina’s resignation and the installation of an interim government, is unlikely to significantly affect India’s overall trade position. Although India’s exports to Bangladesh dropped to $11 billion in 2023-24 from $12.21 billion in 2022-23, India’s diversified export base and … Read more

The Indian gold industry has established the Indian Association for Gold Excellence and Standards (IAGES), a new self-regulatory organization (SRO) supported by the World Gold Council. IAGES aims to enhance transparency and trust in the sector by promoting fair practices, regulatory compliance, and a code of conduct. Formed by major industry associations such as IBJA, … Read more

State Bank of India (SBI) is enhancing its wealth management services to capitalize on India’s growing wealth. Chairman Dinesh Khara announced the deployment of 2,000 relationship managers and a strategic focus on smaller companies to boost the bank’s presence in the sector. With over 22,500 branches nationwide, SBI aims to leverage its extensive network and … Read more

Global financial markets are rattled by concerns that the Federal Reserve may have maintained high interest rates too long, raising recession risks. Economists now anticipate faster Fed rate cuts to stimulate the economy, as Chair Jerome Powell has suggested. Despite these fears, steady economic growth and hiring persist post-pandemic, with a July jobs report showing … Read more