Articles for author: Market News

Market News

Unleashing Power: HP Victus Special Edition Designed for Ambitious Students

Unleashing Power: HP Victus Special Edition Designed for Ambitious Students

HP has introduced the Victus Special Edition laptops in India, designed specifically for students. These laptops are equipped with 12th Gen Intel Core processors and a 4GB NVIDIA GeForce RTX 3050A GPU, making them suitable for demanding tasks like gaming, design, and data analysis. Priced from Rs 65,999, they are available at various retail locations ...

Market News

FDI Surge Masks Decline in Delhi and Rajasthan: A Mixed Outlook

FDI Surge Masks Decline in Delhi and Rajasthan: A Mixed Outlook

Foreign direct investment (FDI) in India surged by 47.8% to reach $16.17 billion in the first quarter of the fiscal year, driven by strong inflows in sectors like services, telecommunications, and pharmaceuticals. This marks a significant increase from $10.94 billion during the same period last year. Notably, Maharashtra attracted the most FDI at $8.48 billion, ...

Market News

India Strengthens Defense: Major Acquisition of Combat Vehicles and Radars Approved

India Strengthens Defense: Major Acquisition of Combat Vehicles and Radars Approved

The Indian Defence Ministry has approved significant acquisitions to modernize the Army’s capabilities, including the procurement of future-ready combat vehicles (FRCVs) and air defence fire control radars. In a meeting chaired by Defence Minister Rajnath Singh, the Defence Acquisition Council cleared ten proposals totaling Rs 1,44,716 crore, with 99 percent sourced from indigenous manufacturers. The ...

Market News

Tax Waivers Ignite Hybrid Car Revolution in Uttar Pradesh’s Auto Market

Tax Waivers Ignite Hybrid Car Revolution in Uttar Pradesh’s Auto Market

Japanese automakers Toyota and Maruti Suzuki are aggressively promoting hybrid vehicles in Uttar Pradesh, India, following recent tax waivers that make hybrids more attractive for buyers. While hybrids are taxed at 43 percent, just below the 48 percent for gasoline cars, these waivers can lead to significant savings, such as $15,800 on a luxury Toyota ...

Market News

BPCL and ONGC Ignite Talks for Ambitious New Refinery Project

BPCL and ONGC Ignite Talks for Ambitious New Refinery Project

Bharat Petroleum Corp (BPCL) and Oil and Natural Gas Corp (ONGC) are in the early stages of discussions about potentially building a new refinery together, according to sources familiar with the matter. While both companies have chosen not to comment publicly on these talks, BPCL’s chairman recently shared plans to expand its refining and petrochemical ...

Market News

OfBusiness Aims for  Billion IPO Amid India’s Booming Market

OfBusiness Aims for $1 Billion IPO Amid India’s Booming Market

OfBusiness, a SoftBank-backed Indian online platform that supplies raw materials to businesses, is planning an initial public offering (IPO) worth up to $1 billion. The company is in talks with major banks, including Bank of America and JP Morgan, aiming for a listing on Indian stock exchanges in the second half of 2025. The IPO ...

Market News

SMFG India Credit Eyes Rs 60,000 Crore AUM with Branch Expansion

SMFG India Credit Eyes Rs 60,000 Crore AUM with Branch Expansion

Sumitomo Mitsui Financial Group (SMFG) India Credit is on track to increase its assets under management (AUM) to Rs 60,000 crore by the end of the financial year 2024-25, up from Rs 45,000 crore last year. The company has recently expanded its branch network, adding 300 new branches mostly in Tier 2 cities and rural ...

Market News

Congress Challenges ICICI Bank Over Controversial Retirement Benefits of SEBI Chairperson

Congress Challenges ICICI Bank Over Controversial Retirement Benefits of SEBI Chairperson

Congress party has raised concerns regarding the retirement benefits received by Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (Sebi), from ICICI Bank. During a press conference, Congress highlighted that the payments Buch received post-retirement were more than her regular salary while she was employed at the bank. They questioned ...

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