BUSINESS
SEBI Relaxes IPO Shareholding Norms, Offering Relief to Major Companies
As per SEBI’s statement, companies with a market capitalization between Rs 50,000 crore and Rs 1 lakh crore will now be granted additional time to comply with public shareholding requirements.
India’s Forex Reserves Climb $4.5 Billion to $690.61 Billion Driven by Gold Asset Gains
Contrastingly, the reserves in the prior week had fallen by $2.065 billion to $686.064 billion. The reserves had earlier touched an all-time high of $704.885 billion at the end of September 2024.
Nifty Rises 1.32% This Week on Optimism Over GST Reforms and Stronger H2 Earnings
Benchmark indices closed the week in a good position, with the Nifty advancing about 1.32% and the Sensex increasing about 1.21%. Auto and IT stocks led the rally, and midcap and smallcap stocks outperformed the largecap markets.
India’s Russian Crude Imports Hit €2.9 bn in August, Nearly Matching China’s €3.1 bn
The US has been urging India to cut back on its Russian oil imports, stating that imports help fund Moscow's war against Ukraine. In its effort to do so, Washington imposed an extra 25% tariff on a number of Indian imports into the US starting Aug
Top Food Company CEOs Commit to Passing GST Rate Reductions to Consumers
The commitment was made at a meeting organized by the Ministry of Food Processing Industries, in association with the Confederation of Indian Industry (CII). The roundtable, hosted by Chirag Paswan, Food Processing Industries Minister, offered a valuable forum for free discussions among government and industry leaders.
From September 15, UPI P2M Payment Limit Increased to Rs 10 Lakh
The revision will make high-value digital payments convenient for the users without being negligent of security.
India-US Trade Talks Progressing; First Tranche Expected by November, Says Piyush Goyal
He said that the talks between the two nations are going on positively and that both sides were happy with the pace.
GST 2.0 Reforms May Cut Inflation by 75 bps, Spur Consumption by ₹1 Lakh Crore: Report
“The overall impact on CPI is expected to be around 55-75bps. Thus we revise downward our current estimate of headline CPI to 3.1 per cent from our previous forecast of 3.5 per cent,” said a report from Bank of Baroda’s research wing.
Credit Offtake of Scheduled Commercial Banks Grows 9.9% in Q1 FY26, Driven by PSBs
Care Edge Ratings observed that growth was driven primarily by strong demand in housing, gold loans, and auto finance. The MSME business also contributed significantly, growing 19.3% in Q1 FY26. But this was partially offset by weaker growth in agriculture (6.8%), industry (5.5%), and services (9.6%).
Indian Finance Companies’ Loan Books Expected to Grow 21-22% Over Next Two Years: Report
A major driver of the growth is fincos' dominance in retail lending, a market that is still underpenetrated in India, said S&P Global Ratings.
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