New Delhi, Jan 26 (IANS) India continues to remain the bright spot supported by its strong macro fundamentals and the government capex may cross Rs 12 lakh crore in FY27, a year-on-year growth of 10 per cent, an SBI Research report said on Monday.The nominal GDP growth relevant for Budget math is expected at 10.5-11 per cent with the uptrend in global commodity prices may percolate in a higher WPI.A bit slower nominal growth may hurt tax revenues in FY27, requiring better expenditure planning. H…
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Mumbai, Jan 25 (IANS) Bajaj Finance’s market capitalisation fell by over Rs 14,000 crore last week as weak market sentiment dragged down most of India’s top-valued companies.The sharp fall came amid a broader sell-off in equities, driven by global uncertainties, foreign investor outflows and pressure on the rupee.The combined market valuation of nine of the top-10 most valued companies declined by Rs 2.51 lakh crore last week — reflecting a sharp downturn in the stock market.Bajaj Finance w…
New Delhi, Jan 23 (IANS) The Supreme Court on Friday sought sealed-cover status reports from the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) on their ongoing probes into alleged large-scale bank frauds linked to Reliance Communications Ltd (RCOM), its group companies, and promoter Anil Ambani. A Bench of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi directed the two Central agencies to apprise the top court of the progress made in the investig…
New Delhi, Jan 19 (IANS) India is set to touch $4,000 per capita income in another four years in 2030 to transition to an upper middle income country and join China and Indonesia at current classification, an SBI Research report said on Monday.India took 60 years since independence to reach $1 trillion and achieved achieved $2 trillion in another seven years in 2014.The country achieved $3 trillion in another seven years in 2021 and $4 trillion in another four years in 2025.“India is likely to…
Mumbai, Jan 18 (IANS) The combined market valuation of three of India’s top companies surged by Rs 75,855.43 crore last week, even as the overall stock market showed a sluggish trend during the holiday-shortened week. State Bank of India (SBI) and Infosys were the biggest gainers among the top firms. While the Sensex slipped 5.89 points, the Nifty inched up by 11.05 points over the week.Commenting on Nifty technical outlook, an expert said that “immediate resistance is placed at 25,875, foll…
Bengaluru, Jan 8 (IANS) Union Minister for Food, Public Distribution and Consumer Affairs, Pralhad Joshi, on Thursday, challenged the Congress-led Karnataka government to convey with what moral authority and for what purpose it has called for protests against the Viksit Bharat–Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB–G RAM G) Act. Speaking to the media at the state BJP office “Jagannath Bhavan” in Bengaluru, Union Minister Joshi said, “There are even 80-year-old labourers. Mone…
Mumbai, Jan 6 (IANS) Indian equity benchmark indices slipped for a second consecutive session on Tuesday, weighed down by sharp losses in heavyweight stocks such as Reliance Industries and Trent. Weakness in these large stocks kept overall market sentiment under pressure throughout the day. At the close of trade, the Nifty ended at 26,178.70, down 71.6 points or 0.27 per cent.“The index remains in a short-term consolidation phase amid tariff-related and geopolitical uncertainties, while holdin…
New Delhi, Jan 5 (IANS) Crude oil prices are projected to soften significantly to touch around $50 per barrel (bbl) by June 2026, positively affecting the CPI inflation, keeping it decisively below 3.4 per cent in the next fiscal (FY27), an SBI Research report said on Monday.Benign energy prices will impact the GDP outlook favourably, and the expected impact on annual GDP growth is around 10-15 bps, according to the report authored by Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, State Ba…
Mumbai, Jan 4 (IANS) The combined market capitalisation of seven of the top-10 most-valued companies rose by Rs 1.23 lakh crore last week, tracking a positive trend in the equity markets as benchmark indices posted healthy gains.The upbeat sentiment helped the Sensex climb 720.56 points, or 0.84 per cent, during the week — reflecting broad-based buying interest across sectors.Among the top-10 most valuable companies, shares of HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Larsen &a…
New Delhi, Jan 2 (IANS) Dealmaking in India delivered a breakout year in 2025, with deal value nearly doubling to $157.9 billion, up 91 per cent from 2024 and reaching a three‑year high, while number of announced deals edged past last year’s all-time high by 0.7 per cent, a report showed on Friday.The surge was driven by major domestic spin‑offs, buybacks, consolidation across core industries, and sustained cross‑border interest. Industrials, Energy and Power, Financials and High Technol…