Indian stock markets staged a remarkable recovery on Tuesday, bouncing back sharply after Monday’s steep fall—its worst in 10 months. The BSE Sensex surged 1,089.18 points (1.49%) to close at 74,227.08, with 29 components closing in the green. Intraday, it…
Vodafone Idea has allotted equity worth ₹36,950 crore to the government, making it the largest shareholder with a 48.99% stake in a major debt restructuring move.
US President Donald Trump on April 2, announced reciprocal tariffs of 26% on India. Gems and jewellery industry leaders say the shock move has left exporters scrambling and buyers unwilling to commit, but they are hopeful that an agreement between…
Cyient Ltd launched Cyient Semiconductors, a wholly owned subsidiary focused on ASIC turnkey solutions, aligning with India’s semiconductor goals.
Zhang, who co-founded ByteDance—the parent company of popular video-sharing app TikTok and news aggregator Toutiao—has become China’s richest individual and the third-richest person in Asia, trailing only Indian billionaires Mukesh Ambani and Gautam Adani, according to the Bloomberg Billionaires Index.
NTPC Green Energy and MAHAPREIT have set up a 74:26 joint venture to build and operate up to 10 GW of renewable energy projects.
Sandeep Bhan, CEO of SD Guthrie International Trading mentioned that India has been “buying very aggressively for forward month” because palm oil has become a cheaper option compared to other oils.
Analysts expect market to remain volatile until things become clearer on the US tariff front, while stock specific action would continue on the back upcoming Q4 earnings and management guidance.
Praveen Sahay, Vice President–Institutional Research at PL Capital Group, also shared his preferred picks in the consumer electronics and capital goods spaces.
GAIL India Ltd has formed a wholly owned subsidiary, GAIL Global IFSC Limited, at GIFT City with an authorised share capital of ₹17 crore. The new entity will focus on finance and ship leasing.