The Union Cabinet on Wednesday (September 24, 2025) approved a ₹69,725 crore package to revitalise India’s shipbuilding and reduce dependence on foreign ships as part of the government’s plan to regain the country’s maritime power. According to an official statement, the package introduces a four-pillar approach designed to strengthen domestic capacity, improve long-term financing, promote…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee recovered 15 paise from all-time low to 88.60 against the U.S. dollar in early trade on Thursday (September 25, 2025), tracking the weakness of the American currency in the overseas market. Forex traders said the rupee is facing renewed strain this week,…
A view of the National Stock Exchange building in Mumbai. | Photo Credit: Getty Images/iStockphoto Equity benchmark indices Sensex and Nifty declined in early trade on Thursday (September 25, 2025) as relentless foreign fund outflows and U.S. H-1B visa fee concerns made investors jittery. Also, a weak trend in global peers drove the domestic equity…
Chennai based Glottis Limited, which offers multi-modal integrated logistics solutions, has announced to tap the capital market to raise upto ₹160 crore through a fresh issue of its equity shares and ₹147 crore via Offer for Sale (OFS) by Ramkumar Senthilvel and Kuttappan Manikandan, the Promoter Selling Shareholders. The price band has been fixed between ₹120-₹129 per equity…
A gold pledging transaction in progress in Kochi. | Photo Credit: MAHESH HARILAL Some people find it quite tough in clearing their gold loans. This could well make them lose the pledged gold altogether. In this process, they lose the true value of their gold. Some gold buyers in the informal sector found a business…
The government believes the restrictions will create a level playing field for Indian jewellers, particularly small and medium enterprises, while also protecting the livelihood of workers in the industry. | Photo Credit: K.R Deepak / The Hindu The government on Wednesday imposed import restrictions on plain silver jewellery till March 31 next year, according to…
Image for representational purposes only. | Photo Credit: Reuters The rupee recovered 2 paise from its all-time closing low to settle at 88.71 (provisional) against the U.S. dollar on Wednesday (September 24, 2025), as steep tariffs and H-1B visa related issues kept the domestic unit under pressure. Forex traders said rupee is hovering near its…
A guard walks past the logo of the National Stock Exchange at its headquarters in Mumbai, September 17, 2025. File | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty fell for the fourth consecutive day on Wednesday (September 24, 2025) owing to profit-taking in banking, auto, and capital goods shares, as well as foreign…
Phonepe is part of other payment aggregators like MobiKwik which filed for IPO. File. | Photo Credit: K. Murali Kumar Walmart-backed payments aggregator PhonePe has filed for an Initial Public Offering, according to company spokesperson. “PhonePe Limited has filed the Pre-filed Draft Red Herring Prospectus with SEBI and the Stock Exchanges, under Chapter IIA of…
Union Minister of Commerce and Industry Piyush Goyal delivers the keynote address at an event titled ‘Energy Security in a Shifting Global Landscape: Building Resilient Energy Markets Across Borders’, in New York, USA, on September 23, 2025. | Photo Credit: PTI India expects to increase its energy trade with the U.S. in the coming years,…
