Business

7 companies set to tap primary market next week The IPO market is heading into another packed week, with seven companies scheduled to come out with public issues between August 17 and 21, seeking to raise more than Rs 6,400 crore collectively.The line-up includes Horizon Industrial Parks, backed by Blackstone, jewellery retailer Lalithaa Jewellery Mart,…

FPIs turn buyers again, pump Rs 16,621 crore into Indian equities in August Foreign portfolio investors (FPIs) turned buyers of Indian equities once again in August, pouring in Rs 16,621 crore during the first fortnight of the month. The buying comes amid improving relative valuations, resilient corporate earnings and growing expectations of lower interest rates…

Dalal Street ended last week in the red, with five of India’s 10 most valued firms losing nearly Rs 1 lakh crore in market capitalisation, with IT major TCS suffering the steepest decline. Sensex ended the week 489.92 points, or 0.62 per cent, lower, while Nifty lost 204.65 points, or 0.83 per cent.“Markets ended the…

Geopolitical developments, crude oil major driving factors for market movement this week After snapping a two-week winning run, Indian equities are likely to remain sensitive to geopolitical developments, with the Strait of Hormuz, US-Iran standoff and crude oil prices expected to influence trading activity this week.According to analysts, with the quarterly earnings season now behind…

Gold and silver prices could continue their upward rally next week, but the momentum will depend on geopolitical and economic cues. Analysts expect bullion to remain firm as markets weigh the latest developments in the Middle East alongside inflation, trade and other global cues.Markets will keep an eye on US housing and trade data, inflation…

Govt fixes refinery-wise output targets, Reliance gets biggest quota India, for the first time, has set production targets for individual public and private-sector refineries and upstream companies as it looks to build a stronger domestic supply system after the Middle East chaos disrupted imports.In an order issued earlier this week, the petroleum and natural gas…

India needs faster growth, stronger rupee to hit $20 trillion economy by 2036 (representative image) India could become a $20 trillion economy by 2036 if it manages to raise underlying rupee growth to around 14.2% and sustain annual rupee appreciation of 3-3.6%, according to a research report by domestic brokerage Equirus.The report has proposed a…

India’s engineering services exports have grown nearly eight times in the last 10 years, rising from $1.77 billion in 2014-15 to $13.77 billion in 2024-25, according to a Niti Aayog report. The report, India’s Services Sector: Insights on Regulatory Regime in Professional Services, said engineering services exports grew at a compound annual growth rate (CAGR)…

Berkshire Hathaway reshuffles portfolio, raises Alphabet and homebuilder stakes Berkshire Hathaway is realigning its investment portfolio, putting more money into Google parent Alphabet and US homebuilders while cutting some of its holdings in financial companies and other stocks.The Omaha, Nebraska-based conglomerate bought roughly 48.1 million additional Alphabet shares during the second quarter, taking its total…

NEW DELHI: As part of efforts to get non-resident students and professionals, or those who have relocated to India, to come clean on undisclosed overseas assets and income, govt Saturday notified a new voluntary disclosure scheme for small taxpayers, who can pay an effective tax of 60% and avoid penalties and prosecution.In a notification, govt,…