 "LIC allocates Rs 600 crore for a bold digital transformation, aiming for a paperless future amid fierce market competition.")
Life Insurance Corporation of India (LIC) is investing Rs 600 crore in its digital transformation to become fully paperless within two years. At a recent event in Mumbai, Chief Risk Officer Sunder Krishnan shared details about the investment, which includes hiring a system integrator and consultants for various aspects of the transformation. LIC has partnered ...
 "Revolt Motors unveils its affordable RV1 electric motorcycle, igniting fierce competition in India’s burgeoning e-motorbike market.")
Revolt Motors has launched its first electric motorcycle, the RV1, priced at an introductory cost of Rs 84,990. This comes after competition from Ola Electric’s Roadster series, which starts at Rs 74,999. The RV1 is available in two battery options, offering a range of up to 160 km. Additionally, a premium variant, the RV1+, is ...
 "BSE suspends Trafiksol IPO listing amid investor concerns over financial irregularities, following a complaint to market regulator Sebi.")
The Bombay Stock Exchange (BSE) has delayed the listing of Trafiksol ITS Technologies due to investor concerns about the company’s financial health and how it plans to use the IPO proceeds. The Rs 45-crore initial public offering attracted bids worth over Rs 10,000 crore, but issues such as frequent auditor resignations and questionable spending raised ...
Bajaj Housing Finance Ltd (BHFL) made a remarkable Market debut, significantly boosting the Bajaj Group’s Market capitalization to Rs 13.6 trillion, up by 9.3% from the previous figure of Rs 12.1 trillion. BHFL’s Market cap soared to Rs 1.37 trillion, exceeding its IPO valuation of approximately Rs 58,300 crore. In contrast, the Adani Group’s Market ...
 "Tata Electronics expands India’s semiconductor manufacturing with new fabs, aiming for a pivotal role in the global chip market.")
Tata Electronics is expanding its semiconductor manufacturing capabilities in India by building two new fabrication plants in Dholera, Gujarat. This move aims to strengthen the domestic chip ecosystem and meet the increasing global demand for semiconductors. The first fab is under construction and set to start production in 2026, focusing on essential chips for various ...
 "Amid massive investments, India’s semiconductor strategy falters, struggling with objectives and workforce shortages in a complex global market.")
India is investing significantly in its semiconductor industry, with plans to allocate up to $21 billion to boost production. However, a clear strategy is needed to ensure effective use of these funds. The government aims for self-reliance, but achieving true semiconductor independence is unrealistic, even for powerhouses like the U.S. Instead of focusing solely on ...
 "SOM Distilleries launches India’s first twist-cap beer, aiming for Rs 1,600 crore sales and 15% market share by 2025.")
SOM Distilleries and Breweries, based in Bhopal, has launched its innovative twist-cap beer, “Woodpecker,” in Karnataka. This marks the debut of India’s first twist-cap beer, featuring two variants: Woodpecker Glide, a mild beer, and Woodpecker Crest, a stronger option. The beers are crafted using imported barley, Indian malts, and German hops, ensuring high quality and ...
 "Foreign investors aggressively buy Indian equities as U.S. rate cuts loom, driven by optimism and India’s resilient market conditions.")
Foreign Portfolio Investors (FPIs) have invested Rs 27,856 crore in Indian equities in the first half of September 2024, driven by resilience in the Indian Market and expectations of an interest rate cut by the US Federal Reserve. Since June, FPIs have been on a buying spree after withdrawing Rs 34,252 crore earlier this year. ...
 "The Indian equity market soared, hitting record highs as anticipation builds for the US Federal Reserve’s pivotal interest rate decision.")
The Indian equity Market saw a remarkable performance last week, with the Nifty and Sensex reaching record highs. Investment experts are closely watching the upcoming US Federal Reserve meeting on September 18, which is expected to initiate a series of interest rate cuts. This potential reduction could attract foreign investments into Indian stocks, particularly as ...
 "Oil India Limited aims to drill 75 wells this year, expanding production as it navigates challenges in a volatile market.")
Oil India Limited (OIL) aims to drill over 75 wells this financial year as part of its ambitious drilling program, following a growth trend in the past years. The company reported a 6% net growth in crude oil and natural gas production despite a natural decline in existing sources. OIL targets an annual output of ...
