4G phones get a lifeline as entry-level 5G prices rise
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Govt: No policy stops airports from taking airline stakes
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West Asia war fallout: Oil product exports find many new markets
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SpaceX retail investors turn net sellers for first time since IPO; offload $4.5 million worth of shares
Retail investors turned into net sellers of SpaceX shares as of August 7, marking the end of a buying frenzy. This change coincided with a stock price recovery, indicating that individuals may be taking profits. The shares have struggled post-IPO, dropping beneath the initial offering price. Investors who were hopeful at the launch might now be looking to reduce their losses, even amidst a slight recovery in recent days. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/jdDkcO3
As demand shoots up, banks strengthen gold loan muscle
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Centre weighs 200% increase in foreign investment approval threshold
India's government is considering raising the foreign investment approval threshold significantly. This move aims to attract larger overseas investments and simplify the process. The current Rs 5,000 crore limit has been in place since 2015. Changes to downstream investment rules are also being explored to facilitate capital. These efforts are part of a broader strategy to boost economic growth. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4uvVck2
Market recap: Four of top 10 firms add Rs 1.43 lakh crore; SBI bags biggest gains
Dalal Street wrapped up last week on a high note, showcasing impressive gains among leading firms. State Bank of India saw a remarkable surge in its market value, joining industry giants Reliance Industries and TCS, which also experienced robust growth. Conversely, several other major companies faced decreases in their market valuations. Despite some volatility, overall market indices noted steady gains as the week closed. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ARumB9N
India’s markets have strong domestic cushion, but global risks loom: Sebi
India's economy is poised for substantial growth in 2026-27, driven by strong domestic demand and increased government spending. While this positive outlook is promising, external factors such as the ongoing Middle East conflict and fluctuating oil prices present significant risks. Additionally, last year saw a historic exodus of foreign investment from Indian equities, but favorable domestic conditions may help mitigate these global challenges. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/q1W8uYi
After years, government looks to revamp investment treaty
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RBI: Defaulters’ devices can be locked gradually
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Government mops up 31.5k cr from LIC share sale
The government has successfully divested a 6.5% stake in LIC, generating an impressive Rs 31,552 crore. The strong demand during the offer for sale led to shares being priced at Rs 383.69 each. This monumental fundraising achievement marks the largest public offering in the history of the Indian stock market. Following this divestment, public shareholding in LIC has reached 10%, showing a significant advance ahead of the expected timeline. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ALCD3YN
MDR to help fintechs recover costs, boost their IPO hopes
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Govt ups LIC offer size, OFS India's biggest
The government has announced an extra four percent sale in LIC’s offering, responding to considerable interest revealed by a 3.3 times subscription on day one. This strong demand from institutional buyers led to the exercise of the green shoe option, anticipating a total raise of roughly Rs 31,400 crore from this share sale. Retail investors can participate by bidding on the last day. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/3VNoxDw
21-yr gold quest: Expand mining, make India export hub
In a groundbreaking announcement, the World Gold Council has introduced an extensive twenty-one-year roadmap for India's gold industry. This plan focuses on ramping up local mining efforts while establishing India as a premier jewelry hub. It also envisions increased integration of gold in high-tech sectors and financial systems, encouraging households to leverage their gold assets, ultimately supporting India's ambition to become self-reliant and economically robust. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/eZvBVjT
Airtel Q1 profit jumps 37% to Rs 8,167 crore
Bharti Airtel reported a significant profit increase of 37.3% in the first quarter. This growth was fueled by higher mobile tariffs and strong customer additions across businesses. Revenue also saw a substantial rise of 18.4% during the same period. The company's average revenue per user increased to Rs 264 from Rs 250 a year ago. Airtel Africa's stake increased to over 79% reflecting growth potential. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1IZGKLW
Low-cost Asean imports worry medical device companies
Low-priced medical device imports from China and Malaysia are impacting India's domestic manufacturing capabilities. Imports from Asean countries have increased significantly, affecting local players. Chinese products often enter India through Asean nations, exploiting free trade agreements. Domestic companies are finding it difficult to compete, despite government incentives. Urgent renegotiation of trade agreements is needed to protect local industries. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/C8Fi7h5
ICICI’s add-on for post-accident hassles
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Ex-British Airways CEO takes charge at IndiGo
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Sensex jumps 544 pts on hopes of Gulf peace talks
Nifty also saw a significant rise in the last twenty minutes of trading. The Indian rupee remained nearly unchanged against the US dollar. Dollar demand from importers and state-run banks increased during the session. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fnZerhq
West Asia war uncertainty keeps businesses on edge
Businesses face significant cost management challenges due to ongoing West Asia conflict. Commodity inflation and freight charges create persistent planning uncertainties for companies. This instability may lead to postponed capital deployment and fewer new job additions. Consumers can expect widespread price increases across various products and services. Companies are considering further pricing interventions to manage margin impacts. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/SMb3YrC