JSW Steel has raised concerns over elevated Chinese steel exports, cautioning that while import bookings have not surged, the industry must remain watchful. The company’s Joint Managing Director and CEO, Jayant Acharya, emphasized the need for close monitoring of imports, particularly from Free Trade Agreement (FTA) partner nations such as Vietnam, Japan, and Korea. Key…
India has emerged as the bright spot in the global steel industry, maintaining consistent production growth while other major economies struggle with stagnation. According to a recent report by Jefferies, India’s steel output surged 33% between 2019 and 2024, contrasting with a 1% decline in global production. Key Growth Drivers Market Trends & Industry Outlook…
India continues to hold its position as the fastest-growing major economy for the fourth consecutive year, according to Finance Minister Nirmala Sitharaman. Speaking at the Lakshmipat Singhania-IIM Lucknow National Leadership Awards, she highlighted India’s strong GDP growth, driven by manufacturing, services, and agriculture. Key Economic Highlights India’s Economic Strength & Global Recognition Sitharaman emphasized that…
India’s manufacturing sector must achieve a 15% annual growth rate to elevate its contribution to 25% of the GDP by 2047, according to NITI Aayog CEO BVR Subrahmanyam. Speaking at a Confederation of Indian Industry (CII) event, he emphasized that manufacturing currently accounts for 17% of India’s GDP, and scaling it up is crucial for…
India is set to unveil its National Manufacturing Mission, a transformative initiative aimed at boosting the country’s manufacturing sector and powering its ambitious $7.5 trillion industrial push by 2047. The announcement was made by NITI Aayog CEO BVR Subrahmanyam, who emphasized the need for deep structural reforms to accelerate India’s rise as a global manufacturing…
Genus Power Infrastructures Ltd. has reported exceptional financial performance in Q4 FY25, driven by its booming smart meter business. The company’s net profit surged fivefold to ₹123 crore, compared to ₹24.3 crore in the same period last year. Key Financial Highlights Growth Drivers & Market Performance Genus Power’s strategic focus on smart meters has been…
Senco Gold Ltd. has delivered a stellar financial performance in the fourth quarter of FY25, with its net profit soaring 94% to ₹62 crore, compared to ₹32 crore in the same period last year. The company’s revenue from operations grew 21%, reaching ₹1,378 crore, driven by strong demand during the wedding and Valentine season. Key…
Shares of Vodafone Idea (Vi) fell 3% to ₹6.92 apiece on May 30, ahead of its Q4 FY25 earnings announcement and a likely fundraising plan. The telecom major has been struggling with financial challenges, including high debt and subscriber losses, making this quarter’s results crucial for investors. Key Financial Expectations Fundraising Plans & Government Stake…
FSN E-Commerce Ventures Ltd., the parent company of Nykaa, has reported a twofold increase in net profit, reaching ₹19 crore for the fourth quarter of FY25, compared to ₹9 crore in the same period last year. The company’s operating revenue surged 24% year-on-year, touching ₹2,061.7 crore, driven by strong customer acquisition and brand partnerships. Key…
In a significant development, the Mumbai Metropolitan Region Development Authority (MMRDA) has decided to scrap the ₹14,000 crore tender process, which had earlier led to the disqualification of Larsen & Toubro (L&T). The decision comes after the Supreme Court raised concerns over the transparency of the bidding process. Supreme Court’s Intervention & MMRDA’s Decision The…
Inox Wind Ltd. has reported a remarkable financial performance for the fourth quarter of FY25, with its net profit surging fourfold to ₹187 crore compared to ₹46.5 crore in the same period last year. The company’s revenue more than doubled, reaching ₹1,248 crore, marking a 136% year-on-year growth. Strong Financial Growth & Market Performance The…
The Apple Days Sale is set to end in two days, offering massive discounts on popular Apple products, including the iPhone 15, iPad 11, MacBook Air M2, and Apple Watch Series 10. Top Apple Deals Before the Sale Ends Bank Offers & Additional Discounts Vijay Sales is offering instant discounts of up to ₹10,000 on…
Nothing Phone 2 has received a huge price cut on Amazon India, just weeks before the anticipated launch of Nothing Phone 3. The 128GB variant with 8GB RAM is now available at a 40% discount, making it one of the best deals for smartphone buyers. Limited-Time Offers & Bank Discounts Nothing Phone 2 Key Features…
A shocking mid-pitch brawl erupted during the Bangladesh Emerging vs South Africa Emerging Teams’ four-day match, as players Ripon Mondol and Tshepo Ntuli engaged in a physical altercation, halting play. How the Fight Unfolded The incident occurred in the 105th over of Bangladesh’s innings when Mondol smashed Ntuli for a six. As Mondol walked toward…
India’s track and field stars Jyothi Yarraji and Avinash Sable delivered historic performances at the Asian Athletics Championships 2025, securing gold medals in their respective events and reinforcing India’s dominance on the continental stage. Jyothi Yarraji Defends Title with Championship Record India’s fastest hurdler, Jyothi Yarraji, successfully defended her 100m hurdles title, clocking a Championship…
Indian all-rounder Ravindra Jadeja has revealed his ultimate career ambition—to captain the Indian Test team before he retires from international cricket. Speaking on Ravichandran Ashwin’s YouTube show, Jadeja stated that while he has achieved almost everything in his career, leading India in Test cricket remains his unfinished dream. “Abhi toh ek hi cheez bachi hai,…
Yasmin Karachiwala, the fitness guru behind Bollywood stars Katrina Kaif and Alia Bhatt, has revealed her top smart snacking tips to help people stay energized and focused during hectic schedules. Karachiwala emphasizes the importance of clean eating, recommending nutrient-dense snacks that provide quick energy without compromising health. Some of her go-to options include: Karachiwala advises…
Aishwarya Rai Bachchan, the undisputed Queen of Cannes, has once again mesmerized fans with an unseen look from the 78th Cannes Film Festival. This time, she exudes boss-lady energy in a lavender pantsuit, blending power and elegance effortlessly. The stunning ensemble features a sharply tailored blazer with shawl lapels, satin pleats, and structured shoulders, paired…
Indian all-rounder Ravindra Jadeja has once again expressed his admiration for MS Dhoni, calling him “on top of everyone” when asked to describe the legendary cricketer in one word. During a conversation on Ravichandran Ashwin’s YouTube channel, Jadeja reflected on his journey under Dhoni’s leadership, acknowledging the former Indian captain’s immense influence on his career….
Punjab Kings (PBKS) captain Shreyas Iyer has come under heavy criticism from former Australian all-rounder Tom Moody for his reckless shot selection during PBKS’ eight-wicket loss to Royal Challengers Bengaluru (RCB) in Qualifier 1 of IPL 2025. Iyer, who was expected to anchor the innings, fell cheaply to Josh Hazlewood, playing a wild shot that…
India A is set to face England Lions in the first unofficial Test at the Spitfire Ground, St. Lawrence, with several key changes in the squad. Major Inclusions and Exclusions India A’s Likely XI The match serves as a crucial opportunity for fringe players to prove their mettle ahead of India’s five-match Test series against…
Indian Air Force (IAF) Chief Air Chief Marshal AP Singh has emphasized the urgent need for self-reliance in the defense sector, stating that “Aatmanirbharta is the only solution” for India to be future-ready. Speaking at the Confederation of Indian Industry (CII) Annual Business Summit, Singh highlighted the changing nature of warfare, citing Operation Sindoor as…
Newly leaked documents have exposed a secret arms deal between Russia and Iran, revealing that President Vladimir Putin paid four tons of gold for Shahed-136 attack drones in 2023. According to reports, the transaction was facilitated through Iranian company Sahara Thunder, a key player in Tehran’s drone manufacturing network. The first shipment, dated March 16,…
Kannada superstar Shivarajkumar has found himself at the center of a heated debate after veteran actor Kamal Haasan’s remarks suggesting that Kannada was born out of Tamil sparked backlash. Amid growing criticism, Shivarajkumar’s close aide, KP Srikanth, has come forward to defend the actor’s unwavering commitment to Kannada cinema and culture. At a recent event…
Looking to add a touch of greenery to your home without the hassle of constant care? Here are three low-maintenance indoor plants that thrive with minimal attention, making them perfect for busy homeowners. 1. Snake Plant (Dracaena trifasciata) Known for its air-purifying properties, the Snake Plant is one of the easiest indoor plants to maintain….
India’s mixed 4x400m relay team delivered a spectacular performance, clinching gold at the Asian Athletics Championships 2025 with a dominant finish. The Indian quartet—Santhosh Kumar, Rupal Chaudhary, Vishal TK, and Subha Venkatesan—clocked an impressive 3:18.12 seconds, securing the top spot ahead of China (3:20.52s) and Sri Lanka (3:21.95s). However, in a surprising turn of events,…
The Reserve Bank of India (RBI) has reported an 8.2% increase in its balance sheet for FY25, reaching ₹76.25 lakh crore, according to its latest Annual Report. The surge was primarily fueled by a 52% rise in gold holdings, a 14.3% increase in domestic investments, and a 1.7% uptick in foreign investments. On the liabilities…
In a major milestone for India’s tech industry, Union IT Minister Ashwini Vaishnaw has announced that the country’s first homegrown semiconductor chip will be rolled out in 2025. Speaking at the Confederation of Indian Industry’s (CII) Annual Business Summit, Vaishnaw revealed that six fabrication units are currently under construction, marking a significant step in India’s…
Bharat Rashtra Samithi (BRS) MLC K Kavitha has made explosive allegations, claiming that there was a conspiracy to merge BRS with the Bharatiya Janata Party (BJP) while she was in jail in connection with the Delhi liquor policy case. Speaking to reporters, Kavitha hinted at internal sabotage, accusing certain party insiders of attempting to sideline…
The Supreme Court of India has directed the Assam Human Rights Commission (AHRC) to conduct an independent and time-bound investigation into 171 alleged fake encounters carried out by the Assam Police between May 2021 and August 2022. A bench comprising Justices Surya Kant and N Kotiswar Singh emphasized the need for fairness and impartiality, stating…
In a rare and extraordinary gesture, the Sierra Leone Parliament observed a moment of silence on Thursday to honor the victims of the Pahalgam terror attack, which claimed 26 lives on April 22. The solemn tribute took place in the presence of an Indian all-party delegation, led by Shiv Sena MP Shrikant Eknath Shinde, who…
Congress leader Rahul Gandhi has written to Prime Minister Narendra Modi, demanding a concrete and generous relief package for the residents of Poonch and other areas affected by Pakistani shelling earlier this month. During his recent visit to Poonch, Gandhi witnessed firsthand the widespread destruction, where 14 people, including four children, lost their lives, and…
In a crucial development, the Supreme Court of India has admitted appeals filed by the promoters of Byju’s, challenging the ongoing insolvency proceedings against the edtech giant. The apex court has scheduled the next hearing for July 21, 2025, where it will consider interim relief sought by the petitioners. Background of the Case The insolvency…
India’s luxury real estate market has hit a new milestone, with Leena Gandhi Tewari, Chairperson of USV Pvt Ltd, purchasing two ultra-luxurious sea-facing duplex apartments in Mumbai’s Worli for a staggering ₹639 crore. The transaction, including stamp duty and GST, brings the total deal value to ₹703 crore, making it India’s most expensive residential property…
Saarathi Finance, a newly licensed non-banking financial company (NBFC) focused on empowering micro, small, and medium enterprises (MSMEs), has successfully raised ₹475 crore in its Series A funding round. The capital infusion aims to bridge the credit gap for underserved businesses, particularly in semi-urban and rural regions across Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Rajasthan,…
Vedanta Ltd witnessed a 2.37% surge in its stock price, reaching an intraday high of ₹457.25, after the National Company Law Appellate Tribunal (NCLAT) granted interim relief for its demerger plan. The ruling temporarily stays the National Company Law Tribunal (NCLT) order, which had earlier rejected Vedanta’s restructuring proposal. Key Developments in the Case Stock…
The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, in collaboration with the Securities and Exchange Board of India (SEBI), has launched ‘Niveshak Shivir’, a pilot initiative aimed at helping investors reclaim unclaimed dividends and shares. The first camp is scheduled to take place on June 1, 2025, in Pune….
Adar Poonawalla, Chairman of Poonawalla Fincorp, has announced plans to raise $1 billion by the end of 2025 to expand the company’s non-banking financial operations. The capital infusion is expected to support aggressive growth in digital lending, personal loans, and SME finance, reinforcing Poonawalla Fincorp’s position in India’s evolving credit market. Strategic Expansion & Capital…
Welspun Corp Ltd (WCL) has reported a remarkable 143% year-on-year surge in consolidated net profit, reaching ₹699.19 crore in the fourth quarter of FY25. The sharp increase was driven by cost optimization measures and operational efficiencies, despite a slight decline in revenue. Financial Performance & Key Highlights Robust Order Book & Expansion Plans Welspun Corp’s…
Engineers India Limited (EIL) has reported a record-breaking order inflow of ₹8,214 crore in FY25, marking a significant leap from the ₹3,405 crore secured in the previous fiscal. The company is now actively diversifying beyond its core oil & gas business, with a strong focus on power, renewables, nuclear, and mining. Sectoral Growth & Strategic…
Shyamal Mukherjee, former chairman of PricewaterhouseCoopers (PwC) India, has approached the Supreme Court in a legal battle against the firm over retirement settlement benefits. Mukherjee, who retired in 2021 after a 37-year tenure, alleges that PwC failed to honor the agreed financial terms of his exit package. Legal Dispute & Arbitration Battle Mukherjee initially sought…
In a significant development, former Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch has been exonerated by the Lokpal of India in the high-profile Hindenburg case. The anti-corruption ombudsman dismissed all allegations against Buch, citing a lack of verifiable evidence and calling the complaints “untenable, unsubstantiated, and bordering on frivolity”. Background of…
Leading stock brokerage firm Zerodha is set to invest up to ₹125 crore in its non-banking financial company (NBFC) arm, Zerodha Capital, as part of its expansion strategy. The move comes as the company’s loan book surpasses ₹400 crore, reflecting strong growth in its secured lending business. Strategic Investment & Growth Plans Zerodha Capital, which…
Engineers India Ltd (EIL), a leading public sector undertaking (PSU) in engineering consultancy and EPC services, has reported impressive financial results for the fourth quarter of FY25. The company witnessed a 25% year-on-year revenue growth, coupled with a significant expansion in profit margins, driving a surge in its stock price. Financial Performance Highlights EIL’s revenue…
Brainbees Solutions, the parent company of FirstCry, reported a consolidated net loss of ₹111 crore in Q4 FY25, widening from ₹43 crore in Q4 FY24, despite a 16% increase in revenue to ₹1,930 crore. Key Financial Highlights: Growth Drivers & Market Challenges Despite strong revenue growth, Brainbees Solutions faced higher operational expenses, contributing to the…
Reliance General Insurance, now under IndusInd International Holdings Ltd (IIHL), has reported a 12.5% increase in net profit, reaching ₹315 crore for FY25, marking a strong recovery after nearly three years under insolvency proceedings. Key Financial Highlights: Strategic Growth Under IIHL IIHL, backed by the Hinduja Group, acquired Reliance Capital via the insolvency process in…
Tata Motors Ltd. is under the spotlight after US President Donald Trump postponed the 50% tariff on European Union (EU) imports until July 9, providing short-term relief for its Jaguar Land Rover (JLR) unit. Key Developments & Market Impact JLR’s Response & Business Strategy Future Outlook & Investor Sentiment Tata Motors will share its FY26…
GMR Airports Ltd. is poised for a potential price surge to ₹100, following a strong Q4 performance and an optimistic FY26 outlook, according to Jefferies. Key Financial Highlights & Growth Drivers Jefferies’ Revised Price Target & Market Sentiment Jefferies has raised its price target for GMR Airports from ₹92 to ₹100, implying a 15% upside…
The Securities and Exchange Board of India (SEBI) has levied a ₹25 lakh penalty on Multi Commodity Exchange (MCX) for non-compliance with disclosure norms, citing incomplete and delayed regulatory filings. Key Regulatory Findings: Market Reaction & Compliance Measures MCX has assured stakeholders that it is strengthening its compliance framework to prevent future lapses. Analysts believe…
JSW Steel Ltd. reported Q4 FY25 earnings that were broadly in line with expectations, according to Morgan Stanley, but concerns over its Bhushan Power & Steel Ltd (BPSL) acquisition continue to weigh on investor sentiment. Key Financial Highlights: Morgan Stanley’s Analysis & BPSL Overhang Morgan Stanley maintained its ‘equal-weight’ rating on JSW Steel, noting that…