Category: Business News & Economy

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Jaipur-based Advit Jewels’ IPO is seeing massive investor interest, subscribed over 20 times on day two with a strong grey market premium. The Rs 165 crore issue, entirely a fresh offering, aims to bolster working capital and repay debt. Analysts recommend subscribing, citing robust growth and profitability, though gold price volatility remains a concern.

Indian stock markets experienced a significant surge on Thursday, with both the Sensex and Nifty climbing over 1%. This bullish trend was fueled by declining crude oil prices and positive global market signals. The Sensex saw a jump of nearly 800 points, while the Nifty 50 rose by over 200 points, injecting substantial value into…

Seven largecap NSE stocks featured in the RSI Trending Up scan on June 24 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.

India’s credit card market crossed 120 million active cards in May, driven by strong new additions even as spending growth slowed, according to RBI data. Net card additions rose 34% year-on-year to 1.02 million, while total spending increased only 6.3% to ₹2.02 lakh crore.

Power Finance Corp and REC are finalizing a merger plan to help the government maintain its majority stake cost-effectively. Two primary options are being considered: issuing preference shares at ₹10 each, requiring an estimated ₹800 crore outlay, or subscribing to non-tradable bonds worth around ₹24,000 crore. Advisors favor the preference share route, deeming it less…

The board of Power Grid Corporation has approved a substantial raise in its borrowing limit to Rs 2.2 lakh crore, up from Rs 1.8 lakh crore, subject to shareholder consent. Furthermore, the company intends to obtain USD 500 million in foreign currency resources via External Commercial Borrowings. The board has also sanctioned an investment of…

The Reserve Bank of India has opened the term money market to All India Financial Institutions and housing finance companies, allowing them to borrow and lend. Prudential borrowing limits for primary dealers have also been significantly increased. These moves aim to deepen market participation and improve liquidity, ultimately strengthening monetary policy transmission by linking short-term…

Goldman Sachs has raised India’s 2026 real GDP growth forecast to 6.8% from 6.5%, citing lower oil prices, easing supply disruptions and resilient domestic demand following the US-Iran peace deal. The brokerage also lifted its FY27 GDP growth estimate to 6.5% from 6.1%, expecting stronger growth, lower inflation, and improved fiscal and external balances.

The rules will allow resident Indian non-retail ​users to deploy instruments such as credit default swaps and ​total return swaps without ⁠any restrictions ‌on purpose, while ​limiting ​the use of these ⁠instruments by non-resident users for hedging ​purposes.