Vedanta Resources, led by Indian billionaire Anil Agarwal, is exploring the option of listing its Zambian copper unit to raise funds for a $1 billion investment. The company regained control of Konkola Copper Mines (KCM) in Zambia after a lengthy dispute with the government, as per news reports. Now, Vedanta aims to revitalise the asset …
JioStar, the media powerhouse formed after the Reliance–Disney merger, has reported impressive early milestones across TV and digital platforms, according to news reports. During Reliance Industries’ Q4 earnings call, Kevin Vaz, CEO–Entertainment, revealed that JioStar added 1.5 million TV households in just 10 days of IPL 2025 and expects 3–5 million more by the end …
On Friday, May 2, 2025, Indian stock markets closed the last trading session of the week with small gains. The BSE Sensex rose by 259.75 points, or 0.32%, to settle at 80,501.99 after touching an intraday high of 81,177.93. The NSE Nifty 50 also saw a marginal rise of 12.50 points, or 0.05%, closing at …
India’s central bank, the Reserve Bank of India (RBI), along with the National Payments Corporation of India (NPCI) and the Ministry of Finance, is urging the central government to approve a small transaction fee on Unified Payments Interface (UPI) payments made to large merchants. The proposed fee known as the Merchant Discount Rate (MDR) would …
Indian benchmark indices ended on a positive note on Thursday, May 2, 2025, rebounding after a mixed session earlier in the week. After a marginal dip on April 30, market sentiment improved amid firm global cues and sustained buying interest across sectors. The BSE Sensex climbed 259.75 points (0.32%) to close at 80,501.99, while the …
In its latest report titled “Global Macro Update: Seismic Shift In US Trade Policy Will Slow World Growth,” S&P Global Ratings has revised India’s GDP growth forecast for FY2025-26 from 6.5% to 6.3%. The downgrade of 20 basis points stems from escalating uncertainty over US tariff policies and the broader repercussions these may have on …
Gratuity is a financial reward granted by the government to its employees as a token of appreciation for their long and dedicated service. It is payable upon retirement, resignation, or death, provided the individual has completed at least five years of continuous service. For government employees, this payment is not only a mark of recognition …
The National Stock Exchange of India (NSE) has unveiled a new thematic index known as the Nifty Waves Index. This strategic move is designed to reflect the performance of 43 publicly listed entities operating within the country’s diverse and rapidly evolving media and entertainment industry. Composition Reflects Sectoral Diversity The Nifty Waves Index encompasses a …
According to the news reports, OYO has unveiled its plans to venture into the food and beverage (F&B) space by introducing in-house kitchens and Quick Service Restaurant (QSR) carts or lobby stores at its company-serviced hotels. With a primary focus on the Townhouse by OYO branded properties, the company aims to elevate the in-hotel dining …
