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SEBI has launched a probe into Rajesh Exports over alleged discrepancies in its reported Rs 1.5 lakh crore revenue and overseas operations linked to gold assets. The investigation focuses on financial disclosures and the company’s foreign units. The development has raised concerns among investors, with the stock under scrutiny amid regulatory examination.
The government is reportedly considering removing capital gains tax on foreign investors in Indian bonds to attract higher inflows and support the rupee. The move aims to strengthen foreign portfolio investment amid currency pressure and global uncertainty. Officials believe tax relief could improve India’s appeal as an investment destination in debt markets.
Billionaire investor Ray Dalio has warned that the artificial intelligence (AI) boom may be forming a financial bubble that could eventually burst. He said markets often overheat during major technological shifts, and the real risk comes when investors begin converting inflated paper wealth into cash, triggering sharp corrections in asset prices.
Indian equity markets ended largely unchanged, with the Sensex flat and Nifty closing at 23,417 as investors awaited the RBI Monetary Policy Committee decision. Infosys, Bajaj Finserv, and Hindalco led losses. Midcap and smallcap indices gained, while IT, metal, and chemical sectors underperformed. Consumer durables and media stocks outperformed during the session.
The rupee traded within a narrow range in early dealings, opening at 95.70 against the dollar and touching 95.69, a modest rise of 7 paise from its previous close of 95.76. Market sentiment remained cautious as fading hopes of a US-Iran ceasefire. The rupee had declined 40 paise on Wednesday, while conflicting signals from Gulf […]
Veteran film producer and former CBFC chairperson Pahlaj Nihalani has passed away at the age of 76. He produced several successful commercial movies and served as the head of the Central Board of Film Certification from 2015 to 2017. He backed top films including Ilzaam, Aag Hi Aag, Shola Aur Shabnam, and Aankhen, which became […]
Indian stock markets opened sharply lower amid tensions between US and Iran and concerns over crude oil supply through Strait of Hormuz. The Sensex plunged 286 points to 74,060, while Nifty 50 slipped 74 points to 23,332. Bank Nifty also declined 235 points. The rupee weakened by 9 paise to 95.61, reflecting a broad risk-off […]
Speculation is growing across social media platforms that petrol, diesel, LPG and CNG prices amid the US-Iran war and tensions around the Strait of Hormuz. The Gulf crisis has triggered a sharp rise in global crude prices, raising concerns over impacts on fuel costs. However, no official announcement on any fuel price revision has been […]
Prism, the parent company of OYO, has received SEBI approval to launch its ₹6,650 crore initial public offering. The company plans to issue fresh shares and is expected to be valued at around $7–8 billion. The IPO marks a key step in its long-awaited listing journey, with updated documents. Investor excitement rises as the market […]
The Reserve Bank of India’s Bi-Monthly Monetary Policy Committee (MPC) plays a key role in managing inflation, and financial stability. Through regular policy reviews, the MPC decides key interest rates that influence borrowing costs, and investments. Its decisions impact households and businesses, making it one of the most closely watched events for investors.
The Maharashtra government has acquired Mumbai’s landmark Air India Building for ₹1,601 crore, marking a major real estate transaction in the city. Located at Nariman Point, the iconic structure is expected to be used for government offices. The purchase aims to consolidate administrative operations while preserving one of Mumbai’s most recognisable buildings.
Salaried taxpayers are awaiting Form 16, the TDS certificate issued by employers. For FY 2025-26 (AY 2026-27), employers must issue it by June 15, 2026. It contains complete details of salary, deductions, and tax deposited. This document simplifies ITR filing, which is due by July 31, 2026. Many companies provide it earlier once processing is […]
Reserve Bank of India data shows a notable shift in household savings, with more deposits moving into fixed deposits amid rising interest rates. Banks are seeing stronger inflows as savers prefer safer, interest-bearing instruments over riskier options. Economists say the trend reflects changing financial behaviour and growing caution among Indian households.
DTDC Express has launched EDOT, a self-onboarding platform enabling MSMEs and D2C businesses to register, complete KYC, and start shipping in under 10 minutes. The digital system removes manual processes and streamlines logistics onboarding. With strong traction, it has seen over 22,000 registrations and reached 2,200 pin codes across India.
A rise in fuel prices could lead to higher consumer inflation in the coming months, according to Crisil. The rating agency warned that increased transport and production costs may pass on to consumers, affecting household budgets. Economists say sustained energy price pressure could also influence overall economic stability and spending patterns.