Banking and finance, markets, the economy and companies.
The finance ministry has defended the valuation process used in the IDBI Bank stake sale, saying the methodology and bidding procedure were reviewed and approved by the core group of secretaries on disinvestment. It said Fairfaxs Rs 81-a-share bid was above the benchmark and independent fair-value e…
India is addressing the workforce challenge posed by its 100GW nuclear power goal through new courses. Leading technical institutes like IITs and NITs are expected to introduce nuclear tech programs. A dedicated institute for nuclear technology training is also being planned as workforce development…
While rising institutional stakes highlight growing smart-money confidence in pharma, retail investors must weigh valuations, growth drivers, and regulatory risks before deciding whether to follow suit.
The IPO of SFC Environmental Technologies with an issue size of ₹667.5 crore was subscribed 9.5 times on the last day of bidding on Thursday. The QIB portion was subscribed 18.8 times, while NII subscribed their portion 12.8 times.
Binance froze $2.54 billion in digital assets and suspended some withdrawals while investigating a suspected hack. Tether and Circle also froze assets linked to the incident
IndiGo reported a net loss of Rs 1,879 crore in the September quarter as a sharp rise in jet fuel prices and foreign exchange costs offset strong revenue growth. While revenue increased 26% year-on-year to Rs 23,363.8 crore, fuel costs surged more than 67%. The airline plans to raise fares, rational…
Indias economy is estimated to have grown 7.35% in the September quarter, supported by strong industrial output, GST collections, energy use, port traffic and auto sales, the finance ministry said. It expects domestic demand and investment to sustain momentum, while warning that high crude prices, f…
The IMF says India should let the rupee adjust to energy shocks, while monetary tightening may be needed if depreciation fuels inflation.
PNB has settled three claims worth Rs 43 lakh after Greater Noida customers alleged over Rs 11.24 crore in losses from savings accounts and fixed deposits.
Backed by an ₹86 crore government grant and ₹70 crore Series A funding, Peptris Technologies is leveraging generative AI to build a preclinical pipeline targeting rare diseases and previously undruggable proteins.
In a significant trading session, benchmark indices registered solid gains, reflecting renewed market confidence following the Fed's interest rate announcement. The second half saw a notable uptick in buying, enhancing broader market performance. Analysts are hopeful for a continuation towards the 2…
On Thursday, Indian equities experienced a recovery, with Nifty closing above the 22,900 mark. Stocks such as Reliance Industries, Jio Platforms, and IndiGo are expected to remain in focus. Several companies reported varied profit results for the September quarter, impacting market sentiment. Regula…
Get The Daily every morning: the day’s banking, markets and economy stories and stock data as a digital newspaper, plus free access to our money tools. Unsubscribe any time.
