Giri world

India's public sector banks are expected to see a significant profit boost due to a new RBI directive. This allows banks to book profits on security receipts from bad loans sold to NARCL, potentially adding Rs 20,000 crore to their earnings. The change increases liquidity and acknowledges the value of government-backed SRs. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NWjBYA7 >

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Adani Group and Aditya Birla Group are set to enter the high-growth wires and cables sector, challenging an industry dominated by smaller, unorganized players. This move is expected to disrupt the market significantly. Both conglomerates have invested heavily, with Adani forming a joint venture and Aditya Birla announcing a major investment and plans for a new plant. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/u9i2rQx >

Venture capital fund Cedar-IBSi Capital forecasts USD 1 billion investment in India's BankTech sector by 2027, highlighting its role in achieving a USD 7 trillion GDP target by 2030. Founder Sahil Anand underscores digital transformation in banking, emphasizing technology's impact on financial inclusion. The fund plans to back 10–15 early-stage startups within this transformative sector. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0e4tpuN >

PC Jeweller Ltd has significantly reduced its bank loans to approximately Rs 1,800 crore in the current fiscal year, aiming to become debt-free by March next year. The company saw a strong sales rebound and is planning to raise over Rs 1,500 crore through a preferential issue of warrants in the next fiscal year. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3CxsPbm >

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Indian companies raised a record Rs 3.8 lakh crore in FY25 through IPOs and QIPs, apart from debt. Including rights offers, total funds raised approached Rs 3.9 lakh crore. Major IPOs included Hyundai Motor, Swiggy, and NTPC Green Energy. Debt instruments raised Rs 11.1 lakh crore. Strong listing gains and institutional support boosted fund-raising. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/x9LfXZo >

Geopolitical tensions, trade policy uncertainty, and fluctuating commodity prices threaten economic growth in the near future. Despite these risks, domestic private sector investments, fiscal measures, and monetary policy support are expected to drive India’s economy, with projected growth of 6.5% in 2024-25. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yj1O5ur >

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Eli Lilly plans to turn India into a growth market by addressing its diabetes and obesity challenges with its new treatment, Mounjaro. CEO David Ricks is optimistic about India's growth potential and highlights the transformative power of innovative medicines alongside generics in managing public health. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/8cgEN42 >

Investment platform Groww is set to raise about $250 million in a pre-IPO funding led by Singapore's GIC, boosting its valuation to $6.8 billion. The Bengaluru-based company aims to go public by December, targeting a valuation between $6 billion and $8 billion. Groww has rapidly expanded its financial services and increased its revenue significantly. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/piHcD6N >

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XRP's price surged nearly 11% to $2.52 after Ripple CEO Brad Garlinghouse announced that the SEC is no longer pursuing its appeal in the legal case against the company. Ripple had been in a nearly four-year legal battle with the SEC over allegations of violating securities laws. Garlinghouse criticized the SEC for its actions, calling the system broken. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GKwIjeN >

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Lakshmi Venu, director of TAFE and daughter of CMD Mallika Srinivasan, is appointed vice-chairperson of TAFE. This aligns with the next generation taking leadership roles in TAFE and TVS, where her brother Sudarshan Venu is MD of TVS Holdings and TVS Motor Company. Lakshmi aims to enhance TAFE's growth and success. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LpPrdf5 >

Starlink faces a potential 3% spectrum tax on its adjusted gross revenue in India. This tax, alongside an 8% license fee, could increase service costs for the company. Discussions by Trai on pricing and taxes for satellite spectrum allocation are ongoing, with final recommendations expected soon. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ApjTIqd >

IndusInd Bank faces a significant financial impact as it addresses discrepancies in its foreign exchange derivative portfolio, leading to overstated net interest income. The bank's credibility is questioned, prompting swift action to rectify financials and appoint a new successor to restore investor confidence. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ixQ89Wo >

India's forex reserves surged $15.27 billion to reach $653.97 billion, the sharpest weekly gain in over three years, as of 7 March. This rebound comes after months of volatility and an 11-month low, highlighting the RBI's active management to stabilize the Rupee. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dwIkgj0 >

Stock market recommendations: Bajaj Broking Research recommends Piramal Pharma and PTC India for the upcoming week. Nifty is expected to remain volatile, with key support at 22,000-21,700 levels. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0yUZx4K >

The special court rejected the CBI chargesheet against Indiabulls Housing Finance Ltd and others in the Rs 4,733 crore DHFL-Yes Bank loan fraud case, citing insufficient evidence. The court also cancelled lookout circulars for several involved individuals and noted the lack of proof against DB Realty promoters and their associate firms. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4brmIcD >

Global capability centres (GCCs) are increasingly recruiting talent from IT services companies, with up to 48% of their workforce now sourced from these firms. Offering higher salaries, GCCs attract professionals in emerging tech areas and are expanding recruitment efforts to new locations within India. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/71omkZ6 >

Tesla has initiated the certification and homologation process for the Model Y and Model 3 in India as required to enter the market. The Indian EV market is growing, with sales increasing by 20%, due to government initiatives and subsidies. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/tHGmUhO >

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Value Attics Reinsurance has become the first private-sector reinsurer in India after receiving a licence from Irdai. Backed by Fairfax group’s Prem Watsa and Kamlesh Goyal, it aims to leverage international reinsurance expertise. The company will start with a paid-up capital of Rs 200 crore and is set to begin operations shortly. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2vuBmf7 >

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IndusInd Bank shares dropped 27% to Rs 656, erasing Rs 19,000 crore in market value due to a Rs 2,100 crore derivatives accounting discrepancy. The bank's net worth decreased by 2.4%. Concerns about governance and risk management led to investor worry, affecting other small private banks like Bandhan Bank and RBL. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PKn5aZf >

US stock markets fell after President Trump announced higher tariffs on Canadian steel and aluminum. The Dow Jones dropped 625 points. Companies like Delta and Southwest Airlines revised their revenue forecasts due to uncertainty. Tesla's stock rose as Trump expressed support for the company. Major tech stocks showed stability despite the market turmoil. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/7zQV0Zy >

IndusInd Bank has identified valuation losses in its forex derivative contracts that could impact its net worth by up to 2.4%, or around Rs 1,530 crore. The bank has assured that the losses pertain to FY24 and earlier, and they are working with an external adviser to review and address these discrepancies. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sUlNR5Q >

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The Centre is preparing a 23-point template for reforms and deregulation to simplify business operations, focusing on areas like land, labor, utilities, and permits. A taskforce led by cabinet secretary TV Somanathan is considering single window clearance, reducing inspections, and extending permit validity. Proposed changes aim to ease land use regulations, flexible labor laws, and better working conditions for women. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RvdfpAm >

Solar capacity additions in the country will accelerate in the Financial Year (FY) 2026 and FY27, with 85-90 GW of new solar capacity expected to be added during these two years combined, according to a report by SBI Caps. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fIuUpOV >

The Indian government has lifted the export ban on broken rice, imposed in September 2022, to boost shipments and due to rising inventories. This follows the removal of the minimum export price and previous bans on non-basmati white rice amid sufficient domestic stocks and stable retail prices. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/d47aVEY >

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MNCs continue to push for women in top leadership roles, unlike Indian IT firms where women in C-suite roles are still under-represented. Global Capability Centres are making strides with targeted mentorship and deliberate focus on gender diversity, resulting in increased women leaders in senior positions. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lCN0Osj >