Ankishinde

Hyundai Motor India Ltd. Tuesday forayed into the commercial mobility segment with the launch of two dedicated taxi models aimed at fleet operators and taxi entrepreneurs at a low cost of ownership and maintenance. The company has launched the Prime HB, a hatchback, and the Prime SD, a sedan, it said in an exchange filing. Prices start from INR 599,900 for Prime HB and INR 689,900 for Prime SD.
Both cars will be available in a 1.2-litre Kappa 4-cylinder engine, powered by petrol and compressed natural gas. The Prime HB and Prime SD will come equipped with features such as six airbags and rea

The government has raised the base import price of silver by $325 per kilogram to $2,406 per kg, according to a notification issued by the Central Board of Indirect Taxes and Customs on Tuesday. Meanwhile, the base import price of gold remains unchanged at $1,398 per 10 grams. The base import prices of gold and silver were last revised on Dec. 15.
The government normally revises the base import prices of gold and silver every fortnight, and these are used to calculate the duty on these precious metals that individuals bring into the country. India is one of the world's biggest importers of s

Department of Financial Services Secretary M. Nagaraju Tuesday discussed wide-ranging issues to enhance the effectiveness of the recovery process in debt recovery tribunals, and called for measures to further strengthen the monitoring and oversight mechanism of banks for increasing recovery. In a colloquium organised by the finance ministry, Nagaraju met chairpersons of debt recovery appellate tribunals, presiding officers of debt recovery tribunals, and representatives from public and private sector banks and the Indian Banks' Association, the finance ministry said in a release.

Prime Minister Narendra Modi met top Indian economists Tuesday ahead of the Budget for the financial year 2026–27 (Apr–Mar) to review the state of the economy and hear their policy recommendations. According to some economists who attended the meeting, foreign trade and exports emerged as the most discussed topics.
Noting the rise of protectionism globally, the economists suggested that India should focus on diversifying its services exports. “Our services exports are doing well, but there are other segments with immense potential — like tourism, we need to tap those,” an economist told Info

The Indian banking sector remains resilient on strong capital buffers, robust earnings, and improved asset quality--with multi-decade low gross non-performing asset ratio--thereby ensuring credit flow to productive sectors, the Reserve Bank of India said Monday. Banks' gross non-performing asset ratio dropped to 2.1% at end of September from 2.2% in March, the central bank said in its Trend and Progress of Banking in India 2024-25 (Apr-Mar) report. Net NPA ratio as of end September was 0.5%.
Balance sheet saw double-digit expansion with deposits and credit growing in double digits in FY25, a

Maintaining its usual caution against stablecoins and cryptocurrency in general, the Reserve Bank of India Monday said the increasing adoption of stablecoins raises concern for both monetary policy and financial stability, particularly in emerging market developing economies like India as their widespread use can weaken central banks' control over money supply and interest rates.
Proliferation of stablecoins also creates risk of currency substitution, weakening the effect of monetary policy transmission and banking disintermediation," it said in its annual report titled 'Trend and Progress i

The government is rethinking how the country grows pulses, a senior official in the agriculture ministry said. Outlining the thinking behind the government's Pulses Mission, the official said it wants to shift the focus from price support alone to productivity, opportunity cropping, and targeted land-use change.For years, India's pulses strategy has leaned on procurement, with minimum support prices being raised annually to encourage farmers to sow more. Yet the results have been uneven. Though prices have been assured, acreage and output have struggled to keep up the momentum. Total pulses a

The Indian banking sector remains resilient on strong capital buffers, robust earnings, and improved asset quality — with multi-decade low gross non-performing asset ratio — thereby ensuring credit flow to productive sectors, the Reserve Bank of India said Monday. Banks’ gross non-performing asset ratio dropped to 2.1% at end of September from 2.2% in March, the central bank said in its Trend and Progress of Banking in India 2024–25 (Apr-Mar) report. Net NPA ratio as of end September was 0.5%.
Balance sheet saw double-digit expansion with deposits and credit growing in double digits in FY25,

The Cotton Corp. of India procured about 5.35 million bales of cotton, up over 16% from 4.6 million bales last year, in the year started Oct at the minimum support price as of Wednesday, according to data accessed by Informist. Around 12 million bales of cotton arrived in the market so far in the cotton marketing year 2025-26 (Oct-Sept), said Lalit Kumar Gupta, managing director of the Cotton Corp. of India.
The corporation procures cotton at minimum support price primarily to safeguard cotton farmers from distress sales when market prices fall below the government-declared rate, ensuring th

The government Friday told the Delhi High Court that the public interest litigation seeking lowering of goods and services tax rate on air purifiers from 18% to 5% was motivated and driven by an agenda that would open a Pandora's box for parties seeking a direction from courts to the GST Council in the future. The government said that it had a few concerns about the public interest litigation filed by advocate Kapil Madan, and sought time to file a detailed reply contesting the petition for convening a GST Council meeting to take up the issue of tax cut on air purifiers.

The government is likely to keep the January sugar sales quota steady or increase it slightly from the previous month. Market participants told Informist that the sugar sales quota for next month will be 2.2-2.3 million tonnes, as demand is expected to improve due to festivals such as Makar Sankranti, Pongal and also the wedding season. Prices of the sweetener are likely to be range-bound due to ample availability as the crushing season is in full swing. The government is expected to announce the January sugar sales quota over the next two days.

Futures contract of gold and silver on the Multi Commodity Exchange of India hit fresh record highs on Friday, tracking gains on COMEX. Futures contracts of gold and silver on COMEX hit record highs earlier in the day due to a weak greenback and higher safe-haven demand. A weak dollar makes dollar-denominated commodities more appealing for other currency holders, boosting demand.

Prices rose amid ongoing geopolitical tensions between the US and Venezuela, as well as between Russia and Ukraine. US President Donald Trump intensified the US naval blockade of Venezuelan oil tankers. While Vene

Futures contracts of copper on the Multi Commodity Exchange of India rose to fresh all-time highs, tracking the jump in copper prices to record high levels on the London Metal Exchange. Prices rose as the dollar weakened and traders bought the industrial metal amid concerns over tighter global supplies in 2026.
Growing expectations of a rate cut by the US Federal Reserve next year also supported the dollar-priced metal. Typically, lower borrowing costs boost construction and manufacturing activities, aiding copper demand.

The Competition Commission of India has approved the acquisition of certain warrants of Federal Bank Ltd. by Asia II Topco XIII Pte. Ltd., which is backed by global asset manager Blackstone. Once the warrants are fully exercised, Asia Topco will hold 9.99% of paid-up share capital of Federal Bank, the regulator said Tuesday.
Federal Bank's board had in October approved the preferential issue of 272.97 million warrants worth INR 61.97 billion to Asia II Topco XIII. Federal Bank has approved the grant of a special right to Asia II Topco XIII to nominate one retiring non-executive director to t

The Reserve Bank of India will buy INR 2 trillion of government bonds through open market operation auctions in four tranches across December and January, it said in a release Tuesday. The central bank will also conduct a three-year, dollar-rupee buy-sell swap auction on Jan. 13 for $10 billion.
The RBI will buy gilts worth INR 500 billion each on Dec. 29, Jan. 5, Jan. 12 and Jan. 22. Detailed instructions for each auction will be issued separately, it said.

“The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure order

Brokerages said Tuesday that the merger swap ratio announced for ACC and Orient Cement, as part of their merger with Ambuja Cements, was neutral for ACC shareholders, but positive for shareholders of Orient Cement. Brokerages said in their reports that the merger swap ratio was at a minor discount to ACC's closing level on Monday, while it was at 9% premium to Orient Cement's closing level.
Ambuja Cements announced Monday that it will issue 328 equity shares to ACC shareholders for every 100 shares held as part of the merger scheme. Further, Ambuja Cements will issue 33 equity shares to Orie

The government's continued focus on macroeconomic fundamentals and economic reforms is the key to keeping the economy on a strong growth trajectory amidst a fast-changing global environment, according to a paper authored by Reserve Bank of India staff. The assessment comes after India's GDP grew at a six-quarter-high pace of 8.2% in Jul-Sept despite global uncertainties.Continued focus on macroeconomic fundamentals and economic reforms should help unlock efficiencies and productivity gains to firmly keep the economy on the high-growth trajectory amidst a fast-changing global environment," the

Futures contracts of gold and silver on COMEX hit fresh lifetime highs on Tuesday, supported by a weak dollar and increased safe-haven demand for the precious metal amid rising geopolitical tensions as the US tried to seize more Venezuelan oil tankers.

US President Donald Trump on Monday warned Venezuelan President Nicolas Maduro to leave power, saying "it would be smart" of him not to "play tough". The latest threats come as the US Coast Guard continued to chase a third oil tanker that it described as part of a "dark fleet" that Venezuela uses to evade US sanctions.

Asked if the goal w

Larsen & Toubro Ltd.’s onshore hydrocarbon business has won a major order from Bharat Petroleum Corp. Ltd., the former said in an exchange filing Tuesday. L&T classifies projects of INR 50 billion-INR 100 billion as ‘major’
As part of the contract, L&T will carry out engineering, procurement, and construction work at BPCL’s refinery in Bina, Madhya Pradesh. The work relates to a linear low-density and high-density polyethylene swing unit with two trains of 575,000 tonnes per annum each. The project will be executed on a lump sum turnkey basis and it will be India’s largest LLDPE/HDPE swing u

Finance Minister Nirmala Sitharaman expects the economy to grow over 7% for 2025-26 (Apr-Mar) on the back of demand pickup. "When prices come down...people do buy more. Only when tax rates reach a certain level beyond sustainable level, demand plateaus out. I think that will sustain, overall this year's growth number will be 7% or beyond it as well," Sitharaman said at Hindustan Times Leadership Summit.

India's GDP grew at a six-quarter high pace of 8.2% in Jul-Sept. After the strong GDP growth in the September quarter, the Reserve Bank of India Friday raised its GDP growth projection for