Target: ₹6,230 CMP: ₹5,497.80 EBITDA grew 32 per cent year on year, led by 15 per cent sales growth, higher gross margin (65.9 per cent), offset by higher costs (staff/R&D/SG&A…
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India’s forex reserves fall USD 7.5 billion to USD 681.38 billion
India’s forex reserves dropped USD 7.511 billion to USD 681.384 billion during the week ended May 22, the RBI said on Friday. In the previous reporting week, the kitty had…
INR use for imports and exports gains momentum, says RBI
Rupee is being increasingly used for import and export invoicing over the years, showed the data compiled by the Reserve Bank of India, which said the INR internationalisation process has…
RBI likely intervened to shore up rupee, traders say
The Reserve Bank of India likely intervened in the foreign exchange market to shore up the rupee ahead of the local spot market open on Friday, five traders told Reuters.…
Gold climbs Rs 1,600, silver surges Rs 5,000 amid US-Iran ceasefire hopes
Gold prices rebounded by Rs 1,600 to Rs 1.62 lakh per 10 grams in the national capital on Friday, tracking firm global trends amid optimism over a preliminary US-Iran deal…
Natural diamond ownership among Indian women increasing, says De Beers study
The ownership of natural diamond jewellery among Indian women has increased by 4 percentage points from 11 per cent in 2022 to 15 per cent in 2025, with Gen Z…
SC sets aside order directing RIL to disgorge ₹447 crore
The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge ₹447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL)…
AvenuesAI plans minority investment in scaled new-age NBFC Ratnaafin Capital to drive AI-led embedded lending
AvenuesAI Limited is planning a minority investment of up to 2.5% in Ratnaafin Capital, a scaled new-age NBFC with a lending book exceeding INR 2000 crores, as part of its…
NBFC UGRO dismisses concerns raised by proxy advisory firm over its MD salary
MSME-focused NBFC UGRO on Thursday dismissed concerns raised by a proxy advisory firm over the re-appointment and salary compensation of its vice-chairman and managing director, Shachindra Nath. Proxy advisory firm…
CCI dismisses complaint against Rapido over alleged predatory pricing, says no abuse of dominance
The Competition Commission of India (CCI) has dismissed a complaint filed against Roppen Transportation Services, the parent company of mobility platform , concluding that no prima facie case of abuse…