Bharatsinh Solanki takes charge as president of Sardar Vallabhbhai Smriti Trust

The Indian rupee opened at 95.64 against the USD, affected by high crude oil prices and dollar demand. The RBI’s interventions limit volatility, though geopolitical tensions and reduced Russian crude supplies raise import costs, putting further pressure on the rupee.

The Nifty 50 index might soar to 50,000 in the next six to nine years. This forecast hinges on the fluctuations of price-to-earnings ratios. A surge in retail participation and robust domestic investments is solidifying market resilience, even as foreign institutional investors scale back their stakes in Indian equities. The nation’s economic growth and rising…

Indian equity markets closed largely unchanged on Friday, August 21, after a volatile trading session. Several companies, including Reliance Industries and Bank of Baroda, reported significant corporate developments. Power Grid Corporation and Jubilant Pharmova also announced key project wins and regulatory approvals. NATCO Pharma and Caplin Point Laboratories received observations from the US FDA after…