Finance
More Finance News
Stock Markets Extend Losing Streak to Fourth Session as Rising Crude Oil Prices Weigh on Investor Sentiment
Domestic stock markets extended their decline for a fourth consecutive trading session as surging crude oil prices triggered fresh concerns over inflation, corporate costs, and economic growth. Investors remained cautious amid global uncertainty, leading to broad-based selling across several sectors.
Finance
Wipro Consumer Care to Acquire Good Home and Eva Brands from TTK Healthcare in ₹256 Crore Deal
Wipro Consumer Care has announced plans to acquire TTK Healthcare’s well-known Good Home and Eva brands for ₹256 crore, strengthening its presence in India's fast-moving consumer goods (FMCG) market. The acquisition is expected to expand Wipro Consumer Care’s portfolio in home care and personal care categories while providing TTK Healthcare an opportunity to sharpen its strategic focus.
Finance
SEBI Proposes Major Overhaul of Online Dispute Resolution Framework, Invites Public Feedback Until August 13
The Securities and Exchange Board of India (SEBI) has proposed significant changes to its Online Dispute Resolution (ODR) framework aimed at making investor grievance redressal more efficient, transparent, and technology-driven. The market regulator has invited public comments on the proposal until August 13, seeking feedback from investors, intermediaries, and other stakeholders before finalizing the revised framework.
Finance
AU Small Finance Bank and Zaggle Launch Customisable Credit Card With Up to 8% Rewards
AU Small Finance Bank and fintech platform Zaggle have launched the AU Zaggle Co-Branded Retail Credit Card, offering rewards on contactless payments, UPI transactions and online shopping. The card is available on Visa and RuPay networks and allows customers to convert earned Zagg Coins into cashback credited directly to their credit card account.
Finance
Rupee Edges Higher Against U.S. Dollar in Early Trade Despite Persistent Global Headwinds
The Indian rupee strengthened by 5 paise to 96.48 against the U.S. dollar in early Thursday trading, recovering slightly after the previous session's decline. The modest appreciation came amid reports of possible support from the Reserve Bank of India (RBI), while a weaker U.S. dollar offered some relief. However, rising crude oil prices, foreign fund outflows, and geopolitical tensions continued to limit gains for the domestic currency.
Finance
Sensex and Nifty Open Lower as Rising Crude Oil Prices Weigh on Investor Sentiment
Indian equity benchmark indices Sensex and Nifty began Thursday's trading session on a weak note as surging global crude oil prices and escalating geopolitical tensions dampened investor confidence. Higher energy costs, combined with cautious global market cues and mixed corporate earnings, triggered broad-based selling in early trade.
Finance
Adani Energy Solutions Delivers Strong Q1FY27 Earnings as Profit Surpasses ₹1,237 Crore
Adani Energy Solutions has reported a strong financial performance for the first quarter of FY27, with net profit rising to more than ₹1,237 crore, representing more than double the profit recorded in the corresponding period last year. The results underscore continued momentum in the company's energy infrastructure business and operational growth.
Finance
Paytm Reports 79% Surge in Q1FY27 Profit as Revenue Rises 28%, Strengthening Growth Momentum
Digital payments and financial services company Paytm has reported a 79% year-on-year increase in net profit to ₹220 crore for the first quarter of FY27, while revenue grew 28% during the same period. The strong quarterly performance reflects improving business fundamentals, higher operational efficiency, and continued expansion across its digital financial services ecosystem.
Finance
30 Sundays Secures ₹61 Crore to Accelerate AI-Driven Holiday Planning Services
Travel technology startup 30 Sundays has raised ₹61 crore in a new funding round to strengthen its AI-powered holiday planning platform. The investment will support product innovation, technology development, customer experience improvements, and business expansion as demand for personalized travel planning continues to grow.
Finance
No Locker Theft Reported in Public Sector Banks in FY26 So Far; 40 Cases Recorded Over Last Five Years.
The central government has informed Parliament that no incidents of locker theft have been reported in public sector banks during the current financial year (FY26). Official data, however, shows that 40 locker theft cases were recorded across public sector banks over the previous five financial years, highlighting the importance of continued security upgrades and regulatory oversight.
Finance
Nirmala Sitharaman Says India’s Middle Class Is Driving Economic Growth at Global Forum in France.
Finance Minister Nirmala Sitharaman told an international economic forum in France that India's expanding middle class has become the country's primary engine of growth. She highlighted consumption-led demand, the rise of smaller cities as economic hubs, and government initiatives aimed at strengthening the middle-income segment.
Finance
India's Core Infrastructure Output Climbs to Five-Month High of 5% in June
India's core infrastructure industries recorded their strongest growth in five months as output expanded by 5% year-on-year in June. The improvement was driven by robust gains in electricity generation, cement production, and iron ore output, reflecting stronger momentum in key industrial sectors despite weakness in some energy-related segments.
Finance
The E20 Transition: India's Ethanol-Blended Fuel Push Sparks Opportunities and Challenges
India's transition to E20 fuel—petrol blended with 20% ethanol—is gaining momentum as part of the country's strategy to reduce crude oil imports, lower emissions, and support the agricultural economy. While the shift offers several long-term benefits, it has also triggered discussions around vehicle compatibility, infrastructure readiness, and feedstock availability.
Finance
Indian Markets Climb 1% as IT and Private Banking Stocks Drive Broad Rally
Indian equity markets ended the session with solid gains as strong buying in information technology and private banking stocks lifted investor sentiment. The rally reflected renewed confidence across key sectors, with benchmark indices posting gains of around one percent.
Finance
Sensex Surges Over 1,000 Points Intraday as Nifty Crosses 24,350: Factors Behind the Market Rally
Indian benchmark equity indices witnessed strong buying during the trading session, with the BSE Sensex climbing more than 1,000 points intraday while the NSE Nifty moved above the 24,350 mark. The rally reflected broad-based investor optimism supported by positive corporate earnings, buying across key sectors, and encouraging domestic and global market cues. Analysts note that market movements continue to be influenced by multiple economic and financial factors.
Finance
Federal Bank Reports Strong Q1 FY27 Performance with Net Profit Rising to ₹1,177 Crore
Federal Bank has announced its financial results for the first quarter of FY27, reporting a significant increase in net profit to ₹1,177 crore. The quarterly performance reflects steady business growth, healthy operational execution, and continued focus on strengthening its banking operations. Investors and market participants will also monitor the bank's asset quality, loan growth, and management outlook in the coming quarters.
Finance
Government Introduces Bill to Replace Ordinance on Tax Relief for Foreign Institutional Investors
The Central Government has listed a Bill in Parliament to replace an earlier Ordinance that provided tax-related relief for certain Foreign Institutional Investors (FIIs). The move follows the constitutional process of replacing temporary Ordinances with legislation for parliamentary consideration. The proposed Bill is expected to provide a statutory framework while lawmakers debate its provisions during the current session
Finance
Sensex and Nifty Open Higher as IT Stocks Lead Early Market Gains
Indian benchmark equity indices, the Sensex and Nifty, began the trading session on a positive note, supported by buying interest in information technology (IT) stocks. Investors responded to company-specific developments and broader market sentiment, helping the major indices move higher during early trade. Market participants continue to monitor global cues, corporate earnings, and macroeconomic data for further direction.
Finance
No Stocks, No Mutual Funds, No Crypto: How One Man Plans to Retire at 50 With Over ₹3 Crore
A 45-year-old professional has demonstrated that disciplined investing in government-backed savings schemes alone can build significant wealth. Without investing directly in stocks, mutual funds, cryptocurrencies, or even fixed deposits, he aims to retire at the age of 50 with a retirement corpus exceeding ₹3 crore and a lifelong monthly pension.
Finance
100% US Tariff Threat Over Russian Oil: Why India May Have Reasons to Stay Calm
A proposed US bill seeking to impose 100% tariffs on countries purchasing Russian oil has sparked concerns for major importers, including India. However, analysts believe India has several strategic, economic, and diplomatic reasons to remain calm, as the legislation is still under consideration and its final implementation remains uncertain.
Finance
Government Waives Import Duty on Battery, Display Assembly Inputs to Boost Electronics Manufacturing
The Central Government has announced the removal of import duties on select components used in manufacturing batteries and display assemblies. The move aims to strengthen domestic electronics production, reduce manufacturing costs, and support India's 'Make in India' initiative.
Finance
Changing the Finance Minister May Not Alter Economic Policy, Say Analysts
A possible change in the Finance Minister has sparked political and economic discussions, but analysts believe India's broader economic policies are unlikely to undergo major changes. Experts argue that fiscal priorities, structural reforms, and long-term development strategies are driven by the government's overall agenda rather than an individual minister.
Finance
Amazon Ramps Up AI and Cloud Infrastructure Investment in India
Amazon has announced plans to expand its investments in artificial intelligence (AI) and cloud infrastructure in India, reinforcing its long-term commitment to supporting the country's growing digital economy and innovation ecosystem.
Finance
With Sustainable Agriculture, Northeast Has Potential to Become India's Next Growth Engine: Sitharaman
Finance Minister Nirmala Sitharaman said the Northeast has the potential to become India's next growth engine by leveraging sustainable agriculture, organic farming, and improved infrastructure to drive economic development.
Finance
India Inc's $3.4-Trillion Club: AI, IPL and Defence Emerge as New Wealth Creators
India's corporate wealth landscape is undergoing a major transformation, with artificial intelligence, the Indian Premier League (IPL), and the defence sector emerging as powerful engines of value creation. Together, these sectors are helping drive India Inc toward the coveted $3.4-trillion valuation milestone.
Finance
