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A vendor with his boat laden with vegetables at the floating vegetable market in the interior of Dal Lake at dawn in Srinagar | Photo Credit: Imran Nissar Wholesale price inflation eased marginally to 9.78% in July, as against 9.87% in June, on cooling in prices of fuel and power and food items. This is…
Read More “WPI inflation eases marginally to 9.78% in July; food, fuel and power prices cool” »
The story so far: Market regulator, the Securities and Exchange Board of India (SEBI), has taken a well-calibrated step to introduce the Closing Auction Session (CAS) in the equity cash market, aiming for fair valuation, improved depth and statistical reliability of price discovery. From an econometrics angle, it is an attempt to reduce price noise…
Market benchmark indices Sensex and Nifty declined in early trade on Friday (August 14, 2026) as the prolonged U.S.-Iran impasse weighed heavily on investors’ sentiment. The 30-share BSE Sensex was down 298.75 points to 77,760.21 in early trade. The 50-share NSE Nifty declined 74.20 points to 24,321.90. From the Sensex pack, Tata Steel, Axis Bank,…
Read More “Stock markets decline in early trade; Sensex down 300 points” »
Image used for representational purposes. File | Photo Credit: Reuters The rupee gained 2 paise to 95.43 against the U.S. dollar in early trade on Friday (August 14, 2026), backed by a weaker greenback overseas. The Indian currency, however, remained under pressure due to the withdrawal of foreign funds from domestic equities and rising crude…
Read More “Rupee gains 2 paise to 95.43 against U.S. dollar in early trade” »
A rise in India’s July retail inflation was a foregone conclusion, but its modest increase, at 4.45%, up from 4.38% in June, is still the highest in 19 months, since December 2024. This is the second consecutive month that retail inflation has stayed above the Reserve Bank of India (RBI)’s 4% target, even while remaining…
Union Minister G. Kishan Reddy in Hyderabad. File. | Photo Credit: SIDDHANT THAKUR The Mines and Minerals (Development and Regulation) Amendment Bill, 2026, passed in Parliament on Thursday (August 13, 2026), does not seek to impinge upon the rights of States over their resources, Union Minister for Coal and Mines G. Kishan Reddy said on…
Read More “Mining Amendment law does not impinge upon States’ rights: Minister” »
City-gas distributor Indraprastha Gas Ltd (IGL) reported a nearly 48% year-on-year (YoY) decline in net profit for the quarter ended June, as margins were squeezed by “high and volatile” liquefied natural gas (LNG) prices amid supply disruptions caused by the West Asia crisis. IGL’s net profit in the first quarter of the current fiscal year…
Read More “Indraprastha Gas Q1 net plunges 48% as volatile LNG prices hit margins” »
India’s pharma exports witness broad-based expansion | Photo Credit: istock India’s pharmaceutical exports rose 6.8% year-on-year (YoY) to $8.1 billion in the first quarter (Q1) ended June, according to the Pharmaceuticals Export Promotion Council of India (Pharmexcil). Drug formulations and biologicals exports stood at $5.98 billion, registering a 4.14% YoY increase and accounting for 73.85%…
Read More “India’s Q1 pharma exports up 6.8% to $8.1bn; U.S. remains largest export destination” »
Gaja Capital outlines its foray into market | Photo Credit: The Hindu Gaja Capital, an early investor in RBL Bank, is set to become India’s first listed private equity player, with its ₹550 crore initial public offering (IPO), slated to hit the markets next week. The offer consists of a fresh issue of ₹450 crore…
Read More “Gaja Capital’s ₹550 cr IPO to mark India’s first listed PE firm” »
“SIAM notes that certain media reports have drawn incorrect inferences regarding the reasons for the withdrawal of an earlier SIAM communication.” File | Photo Credit: Getty Images/iStockphoto Following an investigative report by Reuters stating that the automobile manufacturers’ association, the Society of Indian Automobile Manufacturers (SIAM), had retracted a letter of caution to the government…
Read More “SIAM to undertake scientific study to examine concerns on E20 fuel, denies report” »