Friday, March 13

Business

July 05, 2025

Cement demand FY26: Real estate push, PMAY likely to sustain cement demand growth

India's cement demand is projected to grow by 7-8% in FY26, fueled by government housing schemes like PMAY and increased infrastructure development, according to Axis Securities. After a slow start in Q1FY25, the sector rebounded, with May 2025 volumes reaching 39.6 million metric tonnes.

July 05, 2025

RDI scheme: Govt aims to 'jumpstart India's R&D ecosystem’; offer low-interest funding

India's new Research Development and Innovation (RDI) scheme, backed by a Rs 1 lakh crore corpus, aims to boost private sector R&D and deep-tech startups. It offers long-term, affordable financing for high-impact innovation, managed via a Special Purpose Fund under the ANRF. The initiative seeks to elevate India's R&D spending and foster self-reliance.

July 04, 2025

Sebi’s Jane Street ban: Zerodha’s Nikhil Kamath shocked trading firm ‘kept at it despite warnings’; quips ‘they’re used to lenient US regulatory regime’

SEBI's action against Jane Street for alleged market manipulation in options trading has sparked concerns about its impact on India's markets. Zerodha's Nithin Kamath warns that while the crackdown is justified, the potential pullback by prop trading firms like Jane Street, which constitute a significant portion of options trading, could negatively affect retail activity and exchanges.

July 04, 2025

Jane Street ban: Why has SEBI barred US-based trading firm, which made multi-thousand crore profit, from India’s securities markets? Explained

India's SEBI has accused Jane Street of market manipulation, alleging the firm artificially inflated stock prices to benefit from options trading, generating substantial profits. The regulator has frozen Rs 4,844 crore and imposed a market ban on the global trading giant. Jane Street has the option to appeal the decision.

July 03, 2025

India-US trade: Vietnam deal raises red flags; GTRI urges New Delhi to tread carefully

A new US-Vietnam trade agreement, imposing a flat 20% tariff on Vietnamese exports, is causing concern in Asian markets. The deal replaces a previous agreement with preferential access, potentially disrupting Vietnam's $135 billion export flow.

July 03, 2025

Asian stocks edge up as investors brace for US jobs data; oil slips on demand worries

Asian shares saw modest gains as investors awaited crucial US jobs data, hoping for signals of Federal Reserve rate cuts. Wall Street's record closes, spurred by a new US-Vietnam trade deal, boosted global trade optimism. However, China's slowing services activity and concerns over US consumption tempered gains, highlighting the high stakes surrounding the upcoming jobs release.

July 03, 2025

CII push for critical minerals : From licensing ease to global FTAs, industry lays blueprint; auto slowdown warning adds urgency

The Confederation of Indian Industry (CII) advocates for a comprehensive revamp of India's critical minerals policy, pushing for automatic mining rights for Exploration Licence holders. They also propose viability gap funding and FTA provisions to secure mineral supply chains. CII projects India's economy to grow at 6.4–6.7% by 2027, emphasizing the need for reforms to improve ease of doing business.

July 03, 2025

Nykaa block deal: Bangas offload shares worth Rs 1,200 crore; stock falls 4.5%

Nykaa's shares experienced a dip following a significant block deal. Early investors Harindarpal Singh Banga and Indra Banga planned to sell part of their holdings. The transaction involved approximately 6 crore shares. Global investment banks oversaw the sale. Nykaa is aiming for its fashion segment to break even by FY26.

July 03, 2025

Stock market today: Nifty50 ends in red; BSE Sensex closes 170 points down

Stock market today: The NSE Nifty decreased by 48.10 points or 0.19 per cent to 25,405.30. The BSE Sensex fell by 170.22 points or 0.20 per cent to close at 83,239.47, after reaching a high of 83,850.09 during trading hours.

98