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From the Sensex pack, Eternal, Mahindra & Mahindra, Maruti Suzuki India, Titan, Hindustan Unilever, UltraTech Cement, Adani Ports and Asian Paints were among the major winners. | Photo Credit: Getty Images Benchmark indices Sensex and Nifty rebounded in early trade on Wednesday (July 1, 2026) after two days of decline amid a positive trend in…
Read More “Markets rebound in early trade after two days of decline” »
The deal is expected to be accretive to the return on equity for KMB and capital accretive for Deutsche Bank. | Photo Credit: Reuters Private lender Kotak Mahindra Bank on Tuesday (June 30, 2026) announced signing a definitive agreement to acquire the retail, private banking and wealth management businesses of Germany’s Deutsche Bank in India…
Kerala and Tamil Nadu are among the most socially and economically advanced States in India. Yet, the finances of both governments, like those of most other States, are under stress. The White Papers recently released by the two governments described their outstanding debt as alarming. State government debt is often vilified as the result of…
Read More “Tamil Nadu and Kerala White Papers: The fiscal tightrope for State governments” »
India’s latest industrial growth figures show that, contrary to global trends and overall perception, the country’s industrial output is getting stronger. Notably, the data show a quick bounce-back in industrial performance after the initial hit from the West Asia crisis. However, the new data also raise some important concerns about the composition of the growth,…
Chairman of Tata Trusts, Noel Tata | Photo Credit: Reuters Almost a week after stepping down as chairman of Trent, Noel Tata announced on Tuesday (June 30, 2026) that he would also relinquish the chairmanship of another Tata group firm, Voltas. Addressing shareholders of the leading cooling products maker in its 72nd annual general meeting…
Read More “After Trent, Noel Tata to step down as Voltas chairman” »
Image used for representational purposes only. | Photo Credit: PTI Prompting a potential boost to India’s export of hydrocarbons, the Union Finance Ministry late Tuesday (June 30, 2026) lowered the export levy on diesel to ₹8.5 per litre and aviation turbine fuel (ATF) to ₹7.5 per litre whilst increasing the export levy on petrol ₹4…
Read More “Export duty on diesel, ATF reduced; petrol increased” »
Coal India said Tuesday that it is targeting to invest about ₹1,900 crores for research and development (R&D) by fiscal year 2030, as it looks to spur their activities in the realm. The Kolkata-headquartered miner had spent ₹61 crore on R&D in fiscal year 2023-24, which increased fourfold to ₹245 crore in the subsequent financial…
Read More “Coal India targeting to spend ₹1,900 crore on R&D until FY2030” »
The Monthly Economic Review by the Department of Economic Affairs further said that this resilience of remittance inflows is consistent with what happened during previous crises such as the COVID-19 pandemic. File | Photo Credit: The Hindu Despite the West Asia crisis, net remittances from the region to India rose to $16 billion in April…
Read More “Despite war, net remittances from West Asia to India rose 70% in April 2026” »
The government on Tuesday (June 30, 2026) extended nil customs duty on the import of 40 critical petrochemical products by 15 days till July 15 to ensure continuity of supply stability amid the West Asia crisis. The full customs duty waiver on such products provided on April 2 was a “temporary and targeted relief”, and…
Read More “Import duty waiver on 40 petrochemical products extended till July 15” »
Representative image. | Photo Credit: Getty Images/iStockphotos Restrictive digital regulations in India could lead to creation of 2,130 fewer startups annually; a loss of approximately ₹91,500 crore in venture investments each year and a reduction of some 2,45,000 startup jobs in India, says a study by Oxford Economics for Digital Prosperity Asia (DPA). Digital Prosperity Asia…