Finshorts
Indian Energy Exchange (IEX) posted a strong 29% year-on-year growth in electricity trade volume to 11,215 million units in March 2025, the highest-ever monthly figure. For the financial year 2024-25, trade volume rose 19% to 121 billion units. Renewable energy certificate trading also doubled. Strong growth across key segments signals rising power demand and better … Read more
The rupee ended 5 paise stronger at 85.25 against the US dollar as falling crude oil prices and a weaker dollar index offered support. However, gains were capped due to risk aversion from global trade tariff tensions and continued foreign fund outflows. Brent crude dropped to $69.55 per barrel, while FIIs sold over Rs 2,800 … Read more
TVS Motor has acquired key assets of Singapore-based electric vehicle startup ION Mobility through its subsidiary, strengthening its presence in Southeast Asia’s growing EV market. With ION’s CEO joining TVS as Senior Vice President for ASEAN, the move boosts TVS’s R&D and design capabilities. This strategic integration is expected to accelerate TVS’s EV growth, potentially … Read more
Tata Steel has received an income tax reassessment order for the financial year 2018-19, increasing its taxable income by over Rs 25,000 crore linked to a debt waiver after acquiring Bhushan Steel. The company has challenged the move in the Bombay High Court, citing technical issues. If upheld, this reassessment could significantly impact Tata Steel’s … Read more
The Indian rupee rebounded to 85.30 against the US dollar, gaining 22 paise after an initial drop due to the US-imposed 27% tariffs on India. While exports may face pressure, India remains better positioned than China, Vietnam, and Bangladesh. Weakness in the US dollar and falling crude oil prices provided support. Investors should watch ongoing … Read more
Shares of Infosys, Tata Consultancy Services, and Tech Mahindra plunged up to 9% as US tariffs raised concerns over economic slowdown and decision-making delays. With North America contributing nearly 50% of revenue for top IT firms, slower US growth could impact demand from manufacturing, logistics, and retail sectors. However, potential interest rate cuts and increased … Read more
Bharat Forge has supplied 100 artillery guns, including 18 Advanced Towed Artillery Guns, to Europe, with exports making up 90% of sales last year. The company aims to become the world’s largest artillery producer by 2030, expanding manufacturing to meet rising global defense demand. The Company also launched the defence manufacturing facility in Maharashtra. With … Read more
KBC Global has fixed April 4 as the record date for its 1:1 bonus issue, replacing the earlier March 28 date. The company plans to use ₹261 crore from reserves for this bonus issue. With an order book of over ₹260 crore, KBC Global aims to expand operations and reduce debt. This move could improve … Read more
Punjab National Bank’s total advances rose 13.6% to ₹11.17 lakh crore in Q4 FY25, while deposits grew 14.3% to ₹15.65 lakh crore. Total business expanded 14% to ₹26.83 lakh crore. Other PSU banks also saw strong growth—Central Bank of India’s loans surged 16.2% to ₹2.95 lakh crore, and Punjab & Sind Bank’s advances jumped 16.39% … Read more
The Indian rupee closed 2 paise lower at 85.52 against the US dollar, pressured by trade tariff concerns and rising crude oil prices. Positive domestic markets and a weaker dollar limited losses. Forex reserves rose for the third week to $658.8 billion, while India’s manufacturing PMI hit an 8-month high of 58.1. Analysts expect rupee … Read more