Latest posts
-
Cigarette cos shares outperform benchmark Sensex
Shares of cigarette companies have rallied over the past one month, with ITC, Godfrey Philips and VST Industries hitting record highs.
-
HBL Engineering Ltd Forms a Descending Triangle Pattern Hinting At a Near-Term Bullish Rally
A descending triangle pattern is marked by lower highs and a flat support line, and a breakout above the resistance trendline may indicate strengthening buying momentum and a potential upward move. The chart shows a confirmed bullish breakout above the resistance neckline. Supported by a volume surge and points to a potential short-term upward move.…
-
India’s external pressures persist despite forex swap inflows, says Nageswaran
India’s Chief Economic Advisor V Anantha Nageswaran highlighted ongoing balance of payments pressures amid increased foreign capital inflows. The Reserve Bank of India’s special forex swap window has facilitated significant foreign currency inflows. However, these inflows are seen as a temporary measure rather than a permanent solution to external pressures. Factors like rising imports and…
-
Reliance to raise Rs 10,000 crore next week as companies rush to tap surplus bank liquidity
Reliance Industries Limited is planning to raise ₹10,000 crore next week through a ten-year maturity bond. Other firms, including Adani Airport Holdings, will raise significant funds as well this Friday. The increasing number of companies tapping debt indicates the surplus liquidity in the banking system. This trend is occurring ahead of the Reserve Bank of…
-
Lower commissions could push Policybazaar into insurance manufacturing: Yashish Dahiya
PB Fintech is evaluating the possibility of entering insurance manufacturing as distribution commissions may decrease significantly. The proposed commission caps by the Insurance Regulatory Authority of India could impact the economic viability of their current distribution model. While these changes might make manufacturing more attractive, the company emphasizes the need for regulatory clarity. Additionally, PB…
-
Credit card spending falls 2.8% in August as new card additions slow
In August, credit card spending decreased by 2.8% to ₹2.02 lakh crore from July’s ₹2.08 lakh crore. While year-on-year spending saw an increase of 5.9% compared to August 2025, the trend indicates moderation. Additionally, banks added 1.19 million new credit cards, down 5.6% from July’s figures. This brings the total credit card tally to 124.1…
-
NSE’s modest listing puts spotlight on muted gains from big IPOs
The National Stock Exchange saw a solid 2% rise on its debut day following its IPO. In recent months, several major IPOs in India have struggled after their launch, with Hyundai Motor India and LIC experiencing steep losses on their first day. Conversely, LG Electronics India enjoyed a strong debut, while ICICI Prudential Asset Management…
-
India, Canada aim to conclude CEPA trade pact by end-2026: MEA
India and Canada are working to finalize their economic partnership agreement. Negotiations for the Comprehensive Economic Partnership Agreement are progressing well. Both nations aim to conclude these important talks by the end of 2026. This agreement seeks to liberalize trade and strengthen economic cooperation between the two countries. Prime Minister Modi plans a visit later…
-
RBI special windows seen big enough to bring in $100B
India’s new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over forty billion dollars in foreign exchange. Experts predict these initiatives could significantly exceed initial mobilization estimates. The Reserve Bank of India introduced these facilities to support the balance of payments. These programs aim to cushion the…
-
Govt’s urban reset: Centre divides ministry of Housing and Urban Affairs into two specialised verticals
The Ministry of Housing and Urban Affairs has undergone a significant structural overhaul. Senior bureaucrats were replaced and new leadership appointed to spearhead its flagship missions. The ministry was split into two specialized departments, focusing on capital development and urban development. This administrative revamp aims to streamline service delivery and accelerate infrastructure projects. Personnel shifts…