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From the Sensex pack, Mahindra & Mahindra, Kotak Mahindra Bank, UltraTech Cement, Tata Motors, ICICI Bank, Infosys, Maruti and Sun Pharma were among the biggest laggards. File | Photo Credit: Special arrangement Equity benchmark indices Sensex and Nifty declined in early trade on Friday (February 21, 2025) amid foreign fund outflows, weak U.S. markets and tariff…
Image used for representative purpose only. | Photo Credit: Reuters The rupee appreciated 14 paise to 86.50 against the U.S. dollar in early trade on Friday (February 21, 2025), fuelled by the broad weakening of the US dollar, which faced downward pressure from lackluster economic data. Forex traders said rupee is expected to trade with…
Representational image of Kotak Mahindra Bank branch in New Delhi | Photo Credit: Reuters S&P Global upgraded Kotak Mahindra Bank’s credit rating to ‘BBB’ from ‘BBB-’ on Friday (February 21, 2025) after the Reserve Bank of India (RBI) recently lifted operational curbs. “We believe Kotak Mahindra Bank is well positioned for growth over the next…
Getting a front-end manufacturing foothold in the U.S. appears to be the way out for India’s generic drugmakers in the event of U.S. levying tariff on pharmaceuticals, a top executive of a well-known pharma company has said. “Need to buy a front-end manufacturing [facility] in the U.S. That’s the only way you can go forward,”…
Vedanta Ltd. said it had received the approval of shareholders and creditors for the proposed demerger of the company into five sector specific independent companies to harness full potential. The company said in a filing with the exchanges that the proposal was approved by 99.99% shareholders, 99.59% secured creditors, and 99.95% of unsecured creditors. As…
Flipkart Ventures, the investment arm of Flipkart, has chosen five early stage start-ups, Xportel, Factors.ai, Expertia.ai, Bharat Krushi Seva, and Visa2Fly, under the third cohort of its Flipkart Leap Ahead (FLA). Through the FLA programme, these start-ups would receive equity investments up to $5,00,000 each along with a customised mentorship designed by a global consulting firm,…
Prior to taking over as CEA, Anantha Nageswaran worked as an author, teacher and consultant. He has also been a part-time member of the Economic Advisory Council to the Prime Minister from 2019 to 2021. File | Photo Credit: Bijoy Ghosh The Government on Thursday (February 20, 2025) extended the tenure of Chief Economic Adviser…
The Additional Solicitor General had told the court that no consignment from Skoda Auto Volkswagen India had been or would be stopped following the tax demand notice. File | Photo Credit: Reuters Skoda Auto Volkswagen India will have to “fall in line and not play victim,” the Customs department told the Bombay High Court on…
Sensex and Nifty fell for the third day on Thursday (February 20, 2025) as fresh tariff threats, weak Asian markets and foreign fund outflows hurt investors’ sentiment. | Photo Credit: REUTERS Benchmark indices Sensex and Nifty declined for the third day on Thursday (February 20, 2025) as fresh tariff threats, weak Asian markets and foreign…
As Moscow and Washington discuss how to end the war in Ukraine, one of the many questions on investors’ minds is whether the corporate exodus from Russia in opposition to the February 2022 invasion of its neighbour may be reversed. As long as broad Western sanctions on Russia remain in place, that looks unlikely, but…
