Buisiness

MUMBAI: IL&FS has requested an extension from the National Company Law Appellate Tribunal (NCLAT) to resolve 57 out of the 108 entities still in limbo, citing substantial progress in its ongoing restructuring. In its affidavit, the company reported that it has successfully resolved 197 of its 302 subsidiaries, which are no longer part of the…

The Saudi stock market experienced its largest daily drop in five years, with the index falling by 6.78% on Sunday. This marked the worst loss since the early days of the Covid-19 pandemic, according to state media.According to news agency AFP, the sharp decline was triggered by the recent imposition of sweeping trade tariffs by…

Representative image (IANS) Foreign investors have pulled out Rs 10,355 crore from India’s equity markets over the last four trading sessions, following the imposition of sweeping tariffs by the United States on most nations, including India. This outflow occurred after a net investment of Rs 30,927 crore in the six trading sessions from March 21…

Indian metal companies are gearing up for expansions in the current fiscal year, with a strong emphasis on growing domestic demand despite global trade headwinds, including the tariffs recently imposed by the United States. Major players such as Vedanta, JSW Steel, Hindustan Zinc, and NALCO are focusing on India’s robust demand, the global competition for…

The combined market capitalization of nine of India’s top-10 most valued companies plummeted by Rs 2,94,170.16 crore during the holiday-shortened week, with Tata Consultancy Services (TCS) and Reliance Industries bearing the brunt of the losses. This slump came amid a bearish trend in domestic equities, which saw the BSE benchmark Sensex drop by 2,050.23 points…

AI generated image means for representation purpose only Analysts anticipate a volatile week ahead for stock markets as investors closely monitor the impact of US tariffs, US inflation data, and the Reserve Bank of India‘s (RBI) upcoming interest rate decision. The uncertainty surrounding global trade and inflation, sparked by the US tariff impositions, continues to…

NSE Managing Director and CEO Ashish Kumar Chauhan National Stock Exchange (NSE) Managing Director and CEO Ashish Kumar Chauhan stated on Sunday that despite the ongoing global uncertainty following the imposition of reciprocal tariffs by the US, India is performing better than other countries. He mentioned that a clearer picture will emerge in the coming…

RBI Governor Sanjay Malhotra (File photo) The Reserve Bank of India (RBI) is expected to cut key interest rates by up to 25 basis points this week, with lower inflation supporting an accommodative monetary policy stance. This move is also seen as necessary to stimulate growth amidst global economic challenges, including the tariffs announced by…

Women own 39.2% of all bank accounts in India, with an even higher percentage of 42.2% in rural areas, according to a government report. The Ministry of Statistics and Programme Implementation (MoSPI) released the 26th edition of its publication titled “Women and Men in India 2024: Selected Indicators and Data” on Sunday.The publication provides a…

The newly constructed Pamban bridge, costing around Rs 550 crore, will replace the previous structure. Prime Minister Narendra Modi on Sunday inaugurated the new Pamban rail bridge in Tamil Nadu. The new Indian Railways bridge, opened on Ram Navmi, connects mainland India to Rameswaram island. Pamban bridge is India’s vertical lift sea bridge, and with…