Jefferies has upgraded its stance on Hindustan Zinc, citing rising zinc and silver prices bolstering earnings forecasts, while maintaining a cautious outlook on Hindalco due to softening aluminium markets and rising debt levels. Jefferies has turned more positive on Hindustan…
India’s GST Council is debating a potential reduction in the goods and services tax on mobile phones from 18% to 5%, aiming to boost consumer spending and aid domestic handset manufacturing amid a recent slowdown in smartphone shipments. India’s tax…
ITC Infotech and Happiest Minds are set to combine operations in a strategic deal aimed at creating a US$1 billion AI-driven global technology services company, pending regulatory approval within 15 months. Shares of Happiest Minds Technologies and ITC Infotech were…
Kotak Institutional Equities has downgraded its fair value for Tata Motors Passenger Vehicles amid rising challenges for Jaguar Land Rover, including intensifying EV competition and operational hurdles in key markets. Kotak Institutional Equities has cut its fair value estimate for…
India’s Unified Payments Interface (UPI) has evolved from a domestic payment tool to a global infrastructure, processing over 24,000 crore transactions in FY26 and accounting for nearly half of all real-time payments worldwide, with expansion into international markets. India’s Unified…
New trade regulations in India are shifting the responsibility to commercial banks for verifying cross-border transactions, raising concerns over inconsistent decisions and heightened risks amid a changing regulatory landscape. Banks in India are bracing for a sharper compliance burden as…
The government-backed Kisan Vikas Patra scheme remains a low-risk, fixed-return investment for Indian savers, doubling their money in nearly ten years at a 7.5% interest rate, with added flexibility before maturity. For savers who want to avoid stock market volatility,…
Maruti Suzuki India announces a significant increase in its capital expenditure to ₹77,500 crore between FY27 and FY31, aiming to expand manufacturing, enhance R&D, and develop new models amid shifting market dynamics. Maruti Suzuki India is preparing its biggest investment…
PhonePe launches UPI 123Pay, a pioneering SMS-based digital payment service designed for over 200 million feature phone users in India, expanding financial inclusion in rural and semi-urban areas. PhonePe has rolled out a UPI service for India’s feature phone users,…
India’s audit exposes weaknesses in its EV subsidy programme, while global fragrance giants face probes over suspected price collusion, highlighting regulatory gaps in managing large public and private sector schemes. India’s state auditor has laid bare deep flaws in the…
