The Reserve Bank of India (RBI) added over 57.86 metric tonnes of gold to its reserves during FY25. This brings the central bank’s total gold holdings to 879.59 tonnes as of March 31, 2025, up from 854.73 tonnes in September 2024. The addition came at a time when global gold prices rose by nearly 30% …
South Asia was jolted on April 22, 2025, by a terror attack in Pahalgam, sparking fresh diplomatic tensions between India and Pakistan. While the incident intensified regional unease, its aftershocks in financial markets played out quite differently on either side of the border. Indian Markets Defy Turbulence Contrary to expectations of volatility, Indian stock markets …
On May 5, 2025, the Sensex rose 0.37%, gaining 294.85 points to close at 80,796.84. The uptrend was driven by a sharp drop in crude oil prices, a weak dollar, and strong foreign institutional investor (FII) inflows into Indian equities. Sensex Weekly Expiry Day Brings 1 Stock in F&O As the Sensex weekly expiry approaches on Tuesday, …
In a major milestone for India’s energy sector, Reliance Industries (RIL), Shell, and Oil and Natural Gas Corporation (ONGC) have jointly completed the country’s first offshore decommissioning project. The consortium successfully dismantled the mid and south Tapti field facilities in the Arabian Sea, marking a historic moment in offshore energy infrastructure management. The Tapti Project: …
Indian benchmark indices extended gains on Monday, May 5, 2025, buoyed by strong buying across key sectors and positive global cues. The BSE Sensex climbed 294.85 points (0.37%) to close at 80,796.84, while the NSE Nifty 50 advanced 114.45 points (0.47%) to settle at 24,461.15. Here are the top gainers and losers for the day: …
The Indian rupee appreciated sharply against the US dollar on Monday, tracking strength in other Asian currencies. The local currency was supported by several positive developments, including foreign fund inflows, a sharp drop in global crude oil prices, and weakness in the US dollar. At the interbank foreign exchange market, the rupee opened at 84.45, …
India’s largest media entity, JioStar, a joint venture between Reliance Industries’ Viacom18 and The Walt Disney Company’s India unit, has announced a major investment plan for the upcoming financial year. Uday Shankar, the company’s vice-chairperson, disclosed at the World Audio Visual and Entertainment Summit (WAVES) that ₹33,000 crore would be allocated for content in FY26, …
The Nifty Waves Index was officially launched at the World Audio Visual & Entertainment Summit (WAVES) in Mumbai. The event, inaugurated by the Hon’ble Prime Minister Shri Narendra Modi and hosted by the Ministry of Information and Broadcasting, saw the Chief Minister of Maharashtra, Shri Devendra Fadnavis, unveil this sector-specific index. Designed to reflect the …
The Federation of Automotive Dealers Associations (FADA) reported a 2.95% year-on-year rise in India’s overall automobile retail sales for April 2025, with total sales reaching 22,87,952 units. This modest growth was largely driven by seasonal buying during key festivals such as Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi, and Vishu, which provided a lift …
The Reserve Bank of India (RBI) has officially announced the final redemption price for the Sovereign Gold Bond (SGB) 2017-18 Series I. The bonds, issued in May 2017, are scheduled to mature on May 9, 2025, marking the completion of their 8-year tenor. As per RBI’s press release dated May 2, 2025, the final redemption …
