Reliance Industries Ltd (RIL), whose subsidiary is Jio Platforms Ltd., has hit back at U.S. Billionaire Elon Musk for his recent remarks on the company and the Indian market in connection with his satellite service Starlink. Mr. Musk had accused the telecom operator and its parent company of “oligarch[ic]” behaviour, essentially saying their pushback was … Read more
Billionaire Kumar Mangalam Birla is looking to invest as much as $30 billion, undeterred by multiple global crises which he acknowledged have made investment decisions tougher for his metals-to-retail empire. “You either grow or you go down; you can’t stay in a state of equilibrium,” the chairman of the Aditya Birla Group said at the … Read more
Uday Kotak, Founder & Director, Kotak Mahindra Bank, on Tuesday said India should remain open to Chinese investment and manufacturing partnerships, arguing that the country must diversify its sources of capital beyond the West as global trade tensions and shifting geopolitical relationships reshape investment flows. Speaking at the Bloomberg New Economy Forum 2026 in New … Read more
Finance Minister Nirmala Sitharaman on Tuesday (October 13, 2026) said that she would listen to all views regarding the long-term capital gains (LTCG) tax and the securities transaction tax (STT). However, she refrained from stating whether the matter would be considered during the ongoing discussions in the preparations of Budget 2027. Just the indication that … Read more
A currency is said to be undervalued when it is weaker than what experts believe is its fair value. Where is the rupee headed? The Indian currency has been in a free fall for several quarters now. At one time its one-year forward even breached the 100 mark prompting experts and economists to wonder if … Read more
World economy holds up better than expected, but pressures build, IMF says Source link
Nazara founder Nitish Mittersain is stepping down as managing director of the gaming company and will become a non-executive director, nearly 27 years after he founded the firm. Mittersain will be designated founder and non-executive director and will cease to be a key managerial person from Tuesday. The company said the move would let … Read more
Stellantis India, Tata Motors Passenger Vehicles Ltd (TMPV) and its subsidiary, Tata Passenger Electric Mobility Ltd (TPEM), on Monday signed a definitive agreement to expand their partnership into advanced vehicle technology and product development. Under the agreement, TMPV will provide Stellantis access to its advanced product technology and vehicle architecture. Stellantis will leverage its product … Read more
GDP records strong growth, but why is Dalal Street tumbling? India’s GDP has surpassed estimates, clocking a 7.8% growth. The World Bank is betting on an even stronger year than it previously expected. Yet, Dalal Street is bleeding.So what’s happening? Why is the stock market crashing when the economy appears to be doing so well?Thursday … Read more