Zerodha co-founder Nikhil Kamath has sparked a major conversation on the future of education and employment, declaring that traditional four-year college degrees are becoming obsolete. In a widely shared social media post, Kamath emphasized that “lifelong learning is the new norm”, warning that only those who continuously upskill will thrive in the rapidly evolving job…
India posted a current account surplus of $13.5 billion in the January–March quarter (Q4 FY25), equivalent to 1.3% of GDP, according to data released by the Reserve Bank of India (RBI). This marks a sharp turnaround from a $11.3 billion deficit in the previous quarter and is the highest quarterly surplus in over a decade….
India’s agriculture and allied sectors have recorded a significant milestone, with the Gross Value of Output (GVO) reaching ₹29.49 lakh crore at constant prices in FY24, according to the latest data released by the National Statistics Office (NSO). This marks a 54.6% increase from FY12 levels, reflecting the sector’s steady expansion over the past decade….
In a landmark strategic move, Mazagon Dock Shipbuilders Ltd (MDL) has announced the acquisition of a 51% controlling stake in Colombo Dockyard PLC (CDPLC) for ₹452 crore (USD 52.96 million), marking its first-ever international foray. The deal is poised to significantly enhance India’s maritime influence in the Indian Ocean Region (IOR) amid growing geopolitical competition….
In a major boost to India’s power equipment sector, Bharat Heavy Electricals Limited (BHEL) has bagged a ₹6,500-crore contract from Adani Power Ltd. for the supply and commissioning of six thermal power units, each with a capacity of 800 MW. The deal marks one of the largest domestic orders for BHEL in recent years and…
In a major statistical reform, the Indian government is set to track the informal economy on a quarterly basis to enhance the accuracy of Gross Domestic Product (GDP) estimates, especially in sectors traditionally underrepresented in official data. The move is part of a broader effort by the Ministry of Statistics and Programme Implementation (MoSPI) to…
India’s plastic pipes industry is poised for robust expansion, with market size projected to grow from ₹54,100 crore in FY24 to ₹80,500 crore by FY27, reflecting a 14% compound annual growth rate (CAGR), according to a report by Motilal Oswal Financial Services. 🏗️ Key Growth Drivers The surge is attributed to strong demand across: 🔄…
Shares of JTEKT India Ltd, a leading auto ancillary company, jumped nearly 4% on the BSE after Nippon India Mutual Fund acquired a 1.55% stake in the company through bulk deals worth approximately ₹54.5 crore. 📈 Bulk Deal Details According to exchange data: Following the transaction, JTEKT India’s stock touched an intraday high of ₹146.50,…
In a major push toward industrial transformation, the Uttar Pradesh government has announced the development of two Integrated Manufacturing Clusters (IMCs) in Agra and Prayagraj, with a combined investment of ₹1,046 crore. The initiative aims to boost manufacturing, attract private investment, and generate large-scale employment, particularly for local youth. 🏗️ Project Highlights 🔧 Infrastructure &…
Fintech unicorn Pine Labs has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹2,600 crore through a fresh issue of equity shares, marking a significant step toward its much-anticipated public listing. 💼 IPO Structure and Key Investors The IPO comprises: The company may also consider…
Debt-laden infrastructure conglomerate Jaiprakash Associates Ltd (JAL) has received five resolution plans as part of its ongoing corporate insolvency process, with major players like Adani Enterprises, Vedanta, Jindal Power, Dalmia Bharat Cement, and PNC Infratech emerging as the top contenders. 🏗️ Bidding War for a Stressed Giant The bids, submitted with earnest money deposits, were…
The Central government has undertaken a comprehensive review of infrastructure projects worth over ₹75,800 crore stalled across Jharkhand and four Northeastern states—Assam, Arunachal Pradesh, Sikkim, and Nagaland—as part of its push to fast-track execution and boost regional development. 🏗️ High-Level Review Meeting Held The review was conducted on June 24 under the chairmanship of DPIIT…
In a major restructuring move, Unilever’s demerged ice cream business, now operating under The Magnum Ice Cream Company, is set to acquire a 61.9% stake in Kwality Wall’s (India) Ltd (KWIL) following the demerger of the ice cream division from Hindustan Unilever Ltd (HUL). 🍦 Key Highlights of the Acquisition 📈 Regulatory and Market Implications…
Shares of ABS Marine Services Ltd (NSE: ABSM) surged to a 2% upper circuit at ₹197.10 on Thursday after the company announced a major ₹178 crore Charter Party Agreement with Schlumberger Asia Services Ltd, a Hong Kong-based offshore services firm. 🚢 Deal Details: Offshore Vessel Charter According to regulatory filings, the agreement involves the charter…
Defence PSU Bharat Electronics Ltd (BEL) is back in the spotlight after Choice Broking revised its target price to ₹500, projecting an 18.48% upside from its current trading level of ₹407.60. The brokerage reaffirmed its ‘Buy’ rating, citing BEL’s strong order book, diversified portfolio, and long-term growth visibility. Key Drivers Behind the Bullish Outlook Strategic…
Taiwanese electronics giant Foxconn has received regulatory approval from Taiwan’s Ministry of Economic Affairs (MOEA) to invest over $2.2 billion in India and the United States, marking a major step in its global diversification strategy amid ongoing US-China trade tensions. India: Strengthening Apple’s Supply Chain A significant portion—$1.49 billion—will be routed through Foxconn Singapore Pte…
India has shifted gears from managing rice shortages to tackling a surplus, allocating a record 5.2 million metric tons of rice for ethanol production—a strategic move to sustain its ambitious 20% ethanol blending target by 2025–26. From Export Curbs to Ethanol Push Following two years of export restrictions due to poor monsoons, India is now…
In a major strategic shift, Panasonic India has announced its exit from the refrigerator and washing machine segments, marking a significant downsizing of its consumer electronics portfolio in the country. The move is part of the company’s global restructuring plan aimed at prioritizing high-growth, tech-driven verticals. Why the Exit? Panasonic struggled to gain traction in…
India’s rural economy is showing signs of a meaningful rebound, according to the Reserve Bank of India’s (RBI) June 2025 bulletin, which highlights a pickup in rural demand and steady consumer optimism, driven largely by a strong agricultural performance and improving macroeconomic indicators. Rural Demand Rebounds on Agricultural Strength The bulletin notes that high-frequency indicators…
KNR Constructions Ltd has secured a major infrastructure win, with its joint venture clinching a ₹4,800 crore contract from Patratu Vidyut Utpadan Nigam Ltd, a subsidiary of NTPC, for the development and operation of the Banhardih Coal Mining Block in Jharkhand. The announcement sent KNR shares soaring 9.1% to close at ₹231.50 on June 25….
Belrise Industries Ltd witnessed a sharp uptick in investor activity on June 25, with its share price rallying 4% following the expiry of the one-month lock-in period for anchor investors. As a result, 3.6 crore shares, representing 4% of the company’s outstanding equity, became eligible for trading on the open market. Anchor Lock-In Expiry Fuels…
A playful social media exchange between Zerodha co-founder Nikhil Kamath and comedian Vir Das has taken the internet by storm after Das jokingly congratulated Kamath for becoming the “new mayor of New York”—a humorous nod to the political victory of Zohran Mamdani, who bears a striking resemblance to the entrepreneur. Doppelgänger Confusion Sparks Meme Fest…
Union Bank of India has announced a strategic capital-raising plan worth ₹6,000 crore, combining both equity and debt instruments, to strengthen its balance sheet and support future expansion. The decision was approved during the bank’s board meeting held on June 25, 2025. Capital Structure Breakdown According to the exchange filing, the public sector lender will…
In a major boost to India’s private defence manufacturing sector, Anil Ambani-led Reliance Infrastructure has announced that its subsidiary, Reliance Defence, has bagged a ₹600 crore export order from German defence giant Rheinmetall Waffe Munition GmbH. The deal is one of the largest high-tech ammunition contracts awarded to an Indian private company and marks a…
Bengaluru-based trading platform Sahi, co-founded by former Swiggy CTO Dale Vaz and ex-Kotak Securities executive Manish Jain, has secured $10.5 million in Series A funding from existing backers Accel and Elevation Capital. The fresh capital will fuel product innovation, team expansion, and nationwide market penetration as the startup positions itself as a next-gen AI-led broking…
Goldman Sachs has reaffirmed its long-term commitment to India, with Kim-Thu Posnett, Global Co-Head of Investment Banking, calling the country a “core pillar” of the firm’s global growth strategy. Speaking at a recent investor summit, Posnett highlighted India’s robust macroeconomic fundamentals, digital transformation, and expanding capital markets as key drivers of the bank’s bullish outlook….
The National Payments Corporation of India (NPCI) has reported a stellar 42% surge in standalone net profit, reaching ₹1,552 crore in FY25, up from ₹1,095 crore in FY24. The not-for-profit entity also posted a 19% rise in revenue, clocking ₹3,270 crore for the fiscal year ending March 2025. UPI Drives Growth Despite Zero MDR NPCI’s…
The Reserve Bank of India (RBI) has announced a significant extension in trading hours for key money market segments, aiming to enhance liquidity management and price discovery across the financial system. The revised timings will come into effect in two phases, starting July 1, 2025. New Trading Hours for Call Money and Repo Markets The…
The Birla Institute of Management Technology (BIMTECH) in Greater Noida has made history by launching BIMCOIN, India’s first blockchain-based campus currency. Designed to revolutionize campus transactions and fintech education, BIMCOIN enables secure, transparent, and instant payments among students, vendors, and administrators through a permissioned blockchain platform. A Fintech Milestone in Indian Academia BIMCOIN is more…
The ₹1,590 crore initial public offering (IPO) of Kalpataru Ltd continued to see moderate investor interest on Day 2 of bidding, with the issue subscribed 14% overall as of June 25, 2025. The retail individual investor (RII) segment led the activity, reaching 53% subscription, while the Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) categories…
