The Reserve Bank of India opts for currency stabilisation through increased dollar deposits rather than traditional rate hikes, signalling a strategic shift that raises questions about long-term costs and the economy’s resilience. The Reserve Bank of India’s decision to leave…
Dabur India aims for double-digit consolidated revenue growth by 2027, navigating geopolitical tensions, inflation, and supply-chain challenges while expanding premium offerings and international sourcing efforts. Dabur India said it is aiming for double-digit consolidated revenue growth in fiscal 2027, but…
Sterling Tools Ltd reports a strong start to fiscal 2027, driven by increased demand and strategic expansion into electrification, despite facing rising input costs and ongoing losses in mobility divisions. Sterling Tools Ltd said its first-quarter performance for fiscal 2027…
Fortis Healthcare reports modest profit increase in the first quarter, as higher sales are overshadowed by rising operating costs and narrower margins, with expansion plans underway to bolster future performance. Fortis Healthcare reported a modest rise in first-quarter profit as…
The Indian rupee finds support after the Reserve Bank of India maintains its benchmark rate at 5.25%, supported by strong capital inflows and cautious global outlook, though external risks cap its gains. The Indian rupee has found some breathing room…
Milky Mist Dairy Food Limited has announced its ₹1,553 crore initial public offering, backed by pre-issue funding from Temasek Holdings, as it seeks to expand its farm-to-retail dairy empire across India. Milky Mist Dairy Food Limited has set the price…
India’s markets regulator, SEBI, has eased regulations, allowing credit rating agencies to assess a broader range of financial products beyond traditional debt, while implementing strict safeguards to ensure investor protection and maintain industry standards. India’s markets regulator has opened the…
Shiprocket Limited prepares for its market debut on the BSE and NSE, with an issue size of over ₹16,000 million and a focus on expanding its logistics platform amid improving financials. Shiprocket Limited will open its initial public offering on…
Despite recent currency weakness driven by geopolitical tensions and oil prices, ING economists see a potential turnaround driven by increased foreign deposits and bond inflows, possibly reversing India’s balance-of-payments deficit. ING economists Deepali Bhargava and Lynn Song said the Indian…
Wakefit Innovations posted a 19% increase in net profit for the June quarter, driven by higher sales despite rising costs and taxes, signalling ongoing recovery amidst macroeconomic challenges. Wakefit Innovations reported a 19% rise in net profit for the June…
A Norwegian fund manager is increasing risk by investing heavily in AI-related stocks, signalling a shift amid ongoing debates over the sector’s true value and growth prospects, as investors rebalance their portfolios towards software and platforms over hardware giants like…
Gold prices surged by over 4% to a seven-week high above $4,250, driven by a softer US dollar, lower bond yields, and declining US rate hike expectations, leaving markets at a pivotal point for further movement. Gold surged sharply in…
