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The combined market capitalisation of eight of India’s 10 most-valued companies fell by Rs 79,129.21 crore last week, with Bajaj Finance and ICICI Bank taking the sharpest hit amid a broadly weak trend in equities, PTI reported. The BSE benchmark dropped 444.71 points, or 0.51%, during the week. Among the top-10 pack, only Reliance Industries…
Indian corporates with inadequate foreign-exchange hedging could face rating pressure if the rupee weakens sharply, global credit rating agency Fitch Ratings cautioned in a new commentary released on Thursday. The agency said that companies in sectors with limited natural hedges remain the most vulnerable to currency swings, ANI reported.Fitch noted that “in sectors with significant…
Last week, half of the ten most valued companies managed to expand their market capitalisation. Together, five firms added Rs 72,284.74 crore in value, with Tata Consultancy Services (TCS) and Infosys accounting for the bulk of the gains. Over the same period, the BSE benchmark closed with a narrow rise of just 5.7 points, while…
Dimapur: The Nagaland Bio-Resource Mission flagged off its first consignment of Zanthoxylum (michinga/tomar) seeds to a private company’s northeast unit at Tezpur in Assam from the State Institute of Rural Development (SIRD) in Kohima on Saturday, marking a milestone in the commercialisation of Nagaland’s bio-resources.Chief secretary Sentiyanger Imchen flagged off the consignment in the presence…
A steadier mood returned to US equities on Tuesday as easing Treasury yields and a rebound in bitcoin helped major indices regain traction after ending a six-day winning streak, according to AP. Investors leaned back into technology counters while weighing signals on global interest rates and the broader health of the economy.The S&P 500 was…
Union Cabinet’s approval of a Rs 7,280 crore rare earth permanent magnet (REPM) scheme has been welcomed by industry executives as a major boost to India’s EV and electronics supply chains. The programme aims to create 6,000 metric tonnes per annum of integrated REPM capacity through five globally bid projects, supported by sales-linked incentives and…
India’s initial public offering (IPO) segment remains active, with roughly two dozen firms, including ICICI Prudential AMC, Meesho, and Juniper Green Energy, preparing to launch their public issues over the next two months. Collectively, these offerings could raise close to Rs 40,000 crore, according to merchant bankers.The upcoming slate also features prominent companies such as…
BENGALURU: The top seven Indian IT firms received only 4,573 H-1B petitions approved for initial employment in FY 2025—a 70% decline from 2015 and 37% fewer than in 2024, according to the National Foundation for American Policy (NFAP). The analysis, based on data from the USCIS H-1B Employer Data Hub, shows TCS is the only…
BENGALURU: The top seven Indian IT firms received only 4,573 H-1B petitions approved for initial employment in FY 2025—a 70% decline from 2015 and 37% fewer than in 2024, according to the National Foundation for American Policy (NFAP). The analysis, based on data from the USCIS H-1B Employer Data Hub, shows TCS is the only…
Piyush Goyal meets Pharma stakeholders to push innovation (Picture credit: X/@PiyushGoyal) Union minister of commerce and industry, Piyush Goyal, held a key interaction with stakeholders from India’s pharmaceutical sector, focusing on strengthening industry growth and regulatory reforms. The minister highlighted discussions on innovation, data protection frameworks, investment commitments, and opportunities to scale manufacturing in India.In…
