The Indian stock market experienced a bearish start to the week, plummeting 1.52% to 23,091, as the US stock market witnessed a sharp crash on Friday. Read more about the impact of higher interest rates and RBI’s measures to attract foreign capital and support the rupee.
India’s pursuit of Viksit Bharat and Amrit Kaal highlights its vulnerability to external copper supply chains. Gujarat emerges as the country’s copper backbone, but more needs to be done to meet India’s future copper demand and ensure energy security.
SBI Mutual Fund has made a significant investment in the Adani Group by acquiring stakes in Adani Enterprises and Adani Energy Solutions for a total of ₹5,747 crore. This move is expected to have a positive impact on the company’s growth prospects.
The Reserve Bank of India (RBI) has introduced measures to attract foreign capital into government bonds and equities, while maintaining a neutral stance on interest rates. The central bank has revised its inflation forecast upward to 5.1% and lowered its growth forecast for FY27 to 6.6%. Economists expect strong inflows, with some predicting a potential capital flow of at least $40 billion.
The Reserve Bank of India (RBI) has announced a move to ease the flow of foreign currency non-resident (bank) or FCNR (B) money into the country, boosting dollar inflows through direct banking channels.
Swaminathan J, RBI Deputy Governor, granted two-year extension, stability to central bank’s leadership, expected to promote economic growth and stability in India.
The Reserve Bank of India (RBI) has left interest rates unchanged, despite raising its inflation forecast and lowering its growth outlook, as policymakers grapple with pressure on the rupee and heightened global uncertainty. The RBI has widened overseas investors’ access to government securities, eased investment restrictions for foreign portfolio investors (FPIs), and backed tax exemptions on sovereign bond investments.
CMR Green Technologies, a leading player in the non-ferrous metal recycling industry, has received a strong response from investors with its ₹630.62 crore IPO being subscribed 123 times. The issue has seen high subscription rates from qualified institutional buyers, non-institutional investors, and retail investors.
Life Insurance Corporation (LIC) has strengthened its stake in Maruti Suzuki, India’s leading automaker, after purchasing shares worth Rs 68 crore. Maruti Suzuki recently launched India’s first flex-fuel passenger car, the Wagon R, reducing dependence on imported crude oil and carbon emissions.
CMR Green Technologies, a leading player in the domestic aluminium recycling industry, has received a strong response from investors ahead of the close of its ₹630.62 crore IPO. The issue has been subscribed 123.11 times as of 3.39 pm.
