Introducing Groww Nifty Private Bank Index Fund The Groww Nifty Private Bank Index Fund aims to provide investors with a simple and transparent way to gain exposure to India's private banking sector by tracking the Nifty Private Bank Index (TRI), subject to tracking error. Private banks have, over…
Strong Performance During Global Uncertainty According to Moody’s, India has consistently shown resilience in the face of major global disruptions over the past few years. These include the economic impact of the COVID-19 pandemic, the surge in global inflation and tightening monetary cycles in 2022, banking sector stress…
India’s SIP Returns Stand Out Globally A recent analysis by DSP Netra positions India at the forefront of global SIP performance. Over extended investment horizons, SIP returns in India have averaged close to 12%, making it one of the most attractive markets among those studied. The report also…
Strong Quarterly Performance Boosts Momentum Coforge reported a notable improvement in its financial performance for the quarter ended March 31, 2026. The company’s consolidated net profit rose sharply to ₹615 crore, marking a 145% increase compared to ₹250 crore in the previous quarter. Revenue from operations stood at…
Proposal to Expand Early Pay-In Facility India’s market regulator, Securities and Exchange Board of India, is evaluating a proposal to introduce the early pay-in (EPI) mechanism for commodity options contracts. This development is part of a broader effort to streamline and harmonise settlement processes across the commodity derivatives…
Latest LPG Rates Across Key Cities As of May 6, 2026, LPG prices across major metropolitan cities showed consistency in domestic cylinder rates, while commercial cylinder prices remained substantially higher. In New Delhi, a domestic 14.2 kg LPG cylinder was priced at ₹913.00, whereas the commercial 19 kg…
Government Clears Fresh Semiconductor Investments India has taken another step in advancing its semiconductor ambitions, with the Union Cabinet approving two new manufacturing projects under the India Semiconductor Mission. These projects, located in Gujarat, are expected to enhance domestic capabilities in critical areas such as chip fabrication, assembly,…
Gold Prices Show Steady Uptrend On May 6, 2026, gold prices across key Indian cities moved higher during early trading hours, maintaining a stable upward trajectory. The rise was moderate but consistent, reflecting sustained interest in the yellow metal. In Chennai, 24-carat gold was priced at ₹1,52,610 per…
Appellate Ruling Brings Sharp Reduction in Tax Demand In a key regulatory development, UCO Bank has secured a favourable ruling from the appellate authority under the Goods and Services Tax framework. The Office of the Commissioner of GST & Central Excise (Appeals-I), Mumbai, has significantly scaled down the…
Profit Declines Marginally Amid Strong Revenue Growth Larsen & Toubro posted a consolidated net profit of ₹5,326 crore for the quarter ended March 2026, reflecting a slight year-on-year decline of 3% compared to ₹5,497 crore in the same period last year. Despite this dip in profitability, the company…
