Shares of Ahluwalia Contracts plummeted over 10% following management’s downward revision of revenue and margin forecasts for FY27, raising concerns about execution amidst a substantial order book and recent project wins. Ahluwalia Contracts (India) came under heavy selling pressure on…
Indian shares declined for a sixth consecutive session amid rising oil prices, global uncertainties, and waning hopes of diplomatic progress in West Asia, leading to continued investor caution. Indian shares extended their slide on Tuesday as firmer oil prices, weaker…
Industry groups in India are calling on tax authorities to ease Goods and Services Tax restrictions on construction inputs, aiming to reduce costs and boost investment in data centres and warehouses amid ongoing regulatory challenges. Industry groups are pressing India’s…
India’s Reserve Bank of India has prematurely concluded its targeted foreign currency deposit scheme for non-resident Indians, citing sufficient inflows and surprising market expectations, potentially impacting confidence and rupee stability. India’s central bank has ended its special deposit push for…
Industry leaders in India’s BFSI sector warn that outdated technology platforms risk obsolescence as AI-driven innovations accelerate, prompting a strategic rethink focused on agility and customer-centric AI deployment. Indian banks and financial services firms are being pushed to rethink a…
The Reserve Bank of India is proposing tighter rules on non-bank lenders’ flexible credit products, sparking concerns about the impact on small businesses and gig workers who rely on adaptable finance solutions in an evolving labour market. India’s central bank…
HSBC and Gen H have announced significant rate cuts on a range of residential and buy-to-let mortgages, intensifying the race among lenders to attract borrowers as the mortgage market sees rapid pricing adjustments driven by growing competition and changing interest…
The Indian rupee edged lower on Tuesday amid rising global oil prices and bond yields, but RBI’s intervention helped stabilise the currency despite external pressures and increased financial strain. The Indian rupee edged lower on Tuesday as higher oil prices…
The Indian rupee closed at 95.68 against the US dollar, hindered by elevated crude prices, geopolitical tensions in West Asia, and global risk sentiment, with experts warning of continued near-term pressures. The Indian rupee weakened on Tuesday, ending at 95.68…
The Reserve Bank of India is increasingly unable to forecast currency note demand as digital payment adoption accelerates, with cash still expanding as a store of value while usage for daily transactions declines, indicating a complex shift in payment habits.…
