SUNAINA

US Secretary of State Tony Blinken informed G7 foreign ministers that Iran and Hezbollah might launch an attack on Israel as early as Monday. This follows recent retaliatory threats from Iran and Hezbollah after Israel’s assassinations of Hamas leader Ismail Haniyeh and Hezbollah commander Fuad Shukr. Blinken sought G7 support to apply diplomatic pressure to … Read more

JSW Energy has received an ‘A’ rating for Environment, Social, and Corporate Governance (ESG) from MSCI. This rating highlights the company’s strong performance in carbon emission reduction and its focus on renewable energy. MSCI’s ‘A’ rating indicates a solid but mixed record in managing ESG risks compared to industry peers. JSW Energy’s ongoing investments in … Read more

Tata Power has received a Letter of Intent (LoI) from PFC Consulting to acquire Paradeep Transmission Ltd, a special purpose vehicle (SPV) for a major transmission project. The SPV, to be developed on a build, own, operate, and transfer basis, will provide transmission services for 35 years starting from its commercial operation date, 24 months … Read more

The Securities and Exchange Board of India (SEBI) has updated mutual fund regulations, mandating Asset Management Companies (AMCs) to establish mechanisms to prevent front-running and insider trading. Effective November 1, AMCs must implement systems to detect and deter market abuse and ensure compliance, with management accountable for these measures. Additionally, AMCs are required to set … Read more

Passenger vehicle retail sales in India jumped 10% year-on-year in July, reaching 3,20,129 units, up from 2,90,564 units last year. This increase is attributed to new model launches and enhanced discounts. However, high inventory levels, now at a historic 67-72 days worth ₹73,000 crores, pose a risk to dealer sustainability. Two-wheeler sales rose 17% to … Read more

India’s economy is forecasted to grow at 7-7.2% in FY25, according to Deloitte India. The forecast reflects strong economic fundamentals and consistent domestic policy reforms. Key drivers include initiatives from the Union Budget 2024-25 aimed at improving agriculture, creating jobs, and supporting MSMEs. Deloitte’s economist Rumki Majumdar cites reduced uncertainties, global liquidity improvements, and increased … Read more

India’s services sector continued its strong performance in July, though growth slightly slowed from June. The HSBC India Services Business Activity Index was at 60.3, down from 60.5 the previous month, indicating expansion. Robust domestic demand and investment in technology supported this growth. New export orders grew significantly, with notable increases from countries like the … Read more

Indian stock benchmarks Sensex and Nifty fell sharply on Monday, with Sensex dropping -2,627 points to 78,354 and Nifty tumbling -772 points to 23,945. This decline follows weak global market trends, concerns about a US economic slowdown, and significant foreign fund outflows. Key losers included Tata Motors, Tata Steel, and Reliance Industries. Asian markets, except … Read more

The Indian rupee fell to an all-time low of 83.80 against the US dollar on Monday, following a significant drop in Indian equities and foreign fund outflows. The rupee, which opened at 83.78, declined by 8 paise from its previous close. Global equity markets saw a sell-off due to recession fears from a weak US … Read more

Infibeam Avenues has agreed to acquire a 54.1% stake in Rediff India for Rs 25 crore, aiming to expand its services. The acquisition, financed internally, includes Rediff’s cloud-based email storage, messaging platform, and content distribution services. Rediff, with a turnover of Rs 36.07 crore and 38 million monthly visitors, will enhance Infibeam’s user engagement and … Read more