Finshorts
Tata Steel has signed contracts with three South Wales firms for its £1.25 billion green steel project at Port Talbot. The project, aimed at transitioning to Electric Arc Furnace (EAF) steelmaking, will create over 300 local jobs. This move is part of Tata’s sustainable steelmaking transformation, backed by £500 million from the UK government, boosting … Read more
The rupee snapped its 7-session winning streak, closing 13 paise lower at 85.74 against the US dollar due to increased dollar demand from importers and a recovery in the greenback. However, foreign fund inflows and positive domestic equities limited the losses. Rising crude oil prices may add pressure on the rupee in the near term, … Read more
Vodafone Idea has signed a memorandum of understanding with the West Bengal State Export Promotion Society to drive digital transformation for micro, small, and medium enterprises (MSMEs) in the state. The partnership will offer localised digital tools, training modules in Bengali, and webinars to boost tech adoption. This move could strengthen Vi’s enterprise business and … Read more
The International Monetary Fund (IMF) report on March 24, 2025, praises India’s financial system for growing stronger and more diverse since 2017, handling the pandemic well. Banks and Non-Banking Financial Companies (NBFCs) show solid capital to support lending, though some public sector banks (PSBs) need more funds. This key development lifts banking and NBFC stocks, … Read more
The Indian Rupee rose 31 paise to 85.67 against the US dollar on March 24, 2025, marking its seventh straight gain and erasing all 2025 losses. Strong domestic equity markets fuel this surge with the Bombay Stock Exchange (BSE) Sensex up 1.40% to 77,984.38, and Foreign Institutional Investors (FIIs) buying Rs 7,470 crore. This significant … Read more
Vodafone Idea is in talks with Elon Musk’s Starlink and Amazon’s Project Kuiper for satellite communication partnerships to boost its 5G rollout and expand network coverage, especially in remote areas. With rivals Reliance Jio and Bharti Airtel already securing satcom alliances, Vi aims to stay competitive by enhancing connectivity. A successful tie-up could strengthen Vi’s … Read more
Gold prices surged Rs 700 to a lifetime high of Rs 91,950 per 10 grams on Wednesday, driven by strong jeweller demand ahead of the wedding season and rising Middle East tensions. Spot gold also hit a record USD 3,045.39 per ounce. Central banks’ aggressive gold buying and inflows into gold exchange-traded funds (ETFs) are … Read more
On Wednesday, the rupee appreciated 12 paise to settle at 86.44 against the US dollar, marking its fourth consecutive gain. Strong domestic equities, falling crude oil prices, and foreign institutional investor (FII) inflows supported the currency. However, the US dollar’s strength ahead of the Federal Reserve’s interest rate decision limited sharp gains. Forex analysts expect … Read more
Vodafone Idea has launched its 5G services in Mumbai, with plans to expand to 100 cities over the next three years. The telco aims to reduce subscriber churn and compete with Reliance Jio and Bharti Airtel, which already dominate the 5G space. With a Rs 50,000-55,000 crore capital expenditure plan, Vodafone Idea’s 5G push could … Read more
Torrent Group has completed the acquisition of a 67% stake in IPL franchise Gujarat Titans from CVC Capital, marking its entry into India’s booming sports sector. CVC will retain a 33% minority stake. This move strengthens Torrent’s brand visibility and could create new revenue streams through sponsorships, broadcasting rights, and merchandising as the IPL grows … Read more