Indian benchmark equity indices witnessed a significant decline on Friday as escalating geopolitical tensions between Iran and Israel sparked widespread risk aversion among global investors. The sell-off dragged key market indices to their lowest levels in nearly two months, reflecting growing concerns over potential disruptions to global trade, energy markets, and economic stability. The sharp...
In a significant policy move aimed at strengthening foreign capital inflows and enhancing the attractiveness of India’s debt market, the central government has announced the removal of capital gains tax and withholding tax on investments made by eligible foreign investors in government securities. The decision comes at a time when policymakers are seeking to reinforce...
The Reserve Bank of India (RBI) has decided to keep the benchmark repo rate unchanged at 5.25% following the latest meeting of its Monetary Policy Committee (MPC), signaling a cautious approach as policymakers navigate a complex economic environment marked by inflationary pressures, global uncertainties, and currency volatility. The decision, announced after the MPC’s policy review,...
The anticipation surrounding a potential SpaceX initial public offering (IPO) has reached unprecedented levels, creating intense demand among investors eager to gain exposure to one of the world’s most influential private companies. Market analysts, institutional investors, and retail traders alike are closely monitoring developments, with many describing the excitement as unmatched in recent years. SpaceX,...
The Indian rupee staged a notable recovery on Wednesday, gaining 41 paise against the U.S. dollar after previously falling to its weakest-ever closing level. The domestic currency settled at 96.45 per dollar, providing temporary relief to financial markets and import-dependent sectors amid ongoing global economic uncertainty and strong demand for the American currency. The rebound...
The Indian rupee plunged to a historic low against the US dollar, breaching the psychologically significant 96 mark amid surging crude oil prices, mounting geopolitical tensions, and persistent pressure on emerging market currencies. The sharp depreciation has intensified concerns over inflation, import costs, and broader economic stability in India as global financial markets react nervously...
India’s leading investment platform Groww witnessed a sharp recovery in its share price after an intense selloff triggered by a large-scale stake sale from early investors. Shares of Billionbrains Garage Ventures, the parent company of Groww, surged nearly 6% in trading despite three major US-based investors collectively offloading shares worth approximately ₹5,326 crore through block...