IAS officer who helped turn India’s software industry into global powerhouse

Despite a subdued Nifty, several Indian stocks have surged, becoming multibaggers for investors. This outperformance is attributed to resilient corporate earnings, particularly in small and mid-cap segments, and company-specific growth drivers. While near-term challenges like rising costs and potential earnings downgrades exist, the overall FY27 outlook remains manageable, with easing geopolitical tensions expected to aid…

In a significant boost to its economy, the Tamil Nadu government has amassed investment pledges totaling Rs 67,000 crore, involving 97 different companies. The commitments span diverse domains, including engineering, textiles, and groundbreaking areas like space. Skyroot Aerospace and Agnikul Cosmos will play a vital role in developing launch vehicle facilities.

Icra downgraded Utkarsh Small Finance Bank’s debt ratings, citing elevated bad loans, weak earnings and rising stress in its microfinance portfolio. High credit costs, fresh slippages and lower operating profitability weighed on the lender despite improving collection efficiency.