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 …
According to a Financial Express news report, India and Saudi Arabia are exploring deeper economic collaboration, with the spotlight now on incentivising long-term foreign investments. During Prime Minister Narendra Modi’s recent visit to Riyadh, key discussions centred around Saudi Arabia’s ambitious plan to invest up to $100 billion in India. These investments would span across …
In a significant move that could reshape the real estate landscape, the Supreme Court of India has directed the Central Bureau of Investigation (CBI) to initiate seven preliminary inquiries into an alleged “unholy nexus” between developers and banks in the Delhi-NCR region. This directive arose during the hearing of petitions filed by aggrieved homebuyers, many …
The Securities and Exchange Board of India (SEBI) has given the green light to a new investment structure Specialised Investment Funds (SIFs) and the move may well redefine how Indian investors interact with the mutual fund space. With flexibility that traditional mutual funds lack, SIFs are being seen by some as the “UPI moment” for …
