India’s top stock exchanges, NSE and BSE, are expanding their co-location infrastructure to meet the rising demand from market participants who want faster access to trading systems. Co-location allows brokers to place their servers physically closer to the exchange’s systems, giving them a speed advantage. As demand for this service has steadily grown over the years, both exchanges are taking steps...
May 2025
In 2025, Indian mutual funds have faced a rocky year, with most categories underperforming. Despite this, about 70% of mutual fund schemes have still managed to deliver positive year-to-date (YTD) returns. The broader stock market has been relatively flat — the Nifty 50 has gained just 4.68% by May 28, 2025. Meanwhile, mid- and small-cap indices have struggled: the Nifty Midcap 150 is slightly down by...
On May 27, the Central Board of Direct Taxes (CBDT) announced an extension of the deadline for filing Income Tax Returns (ITRs) for the Assessment Year 2025-26. The due date has been pushed from July 31, 2025, to September 15, 2025. The Income Tax Department shared the update via a post on the X platform, citing multiple reasons for the extension. These include major revisions in the ITR forms, the need...
The Reserve Bank of India’s latest Report on Trend and Progress of Banking (2023–24) reveals a troubling development: bank frauds in India have jumped by 27.4%, reaching 18,461 cases in the first half of FY25 (April–September 2024), up from 14,480 cases the year before. Even more alarming is the eightfold increase in the amount involved—from Rs 2,623 crore in H1 FY24 to Rs 21,367 crore in H1...
Bitcoin rose more than 4% in the last 24 hours to $111,489, with trading volume surged 77% over the same period. It touched a high of $111,862.98—3.3% above its May 21 close—taking its overall market cap to $2.21 trillion. Jim Reid, Deutsche Bank's global head of macro and thematic research, said that Bitcoin is close to $112,000, a new record, as investor sentiment increases around the possibility...
The department wants drugmakers to match U.S. prices for brand-name drugs—those without generic or biosimilar competition—with the lowest prices offered in certain developed countries. This development came as good news for generic and biosimilar drugmakers, as the pricing push appears to target only branded drugs. Analysts told Reuters that generics likely won't be affected. As a result, Indian...
In a stock exchange filing, the company said it had taken part in the bidding process for the project, which involved overhauling the PAN system — including its design, development, implementation, operation, and maintenance — but was informed that it would not move forward to the next stage. Despite the setback, Protean stated that its current PAN-related operations remain largely unaffected. “At...
On May 14, the Indian government approved a joint venture between HCL and Foxconn to build a semiconductor manufacturing plant in Jewar, Uttar Pradesh. The project will cost around ₹3,706 crore and focus on producing display driver chips used in devices like smartphones, laptops, cars, and more, according to Union IT Minister Ashwini Vaishnaw. The plant will be capable of processing 20,000 wafers and...
Pakistan’s “Islamic Bloc” Strategy Falls Apart as India Strengthens Global Ties For years, Pakistan projected itself as a key leader in the Muslim world, relying on religious solidarity to rally support—especially during conflicts with India. But recent events, particularly after India’s retaliatory strikes following the Pahalgam terror attack, have exposed the weakening of this...
Defence stocks rose on Wednesday after the Indian Army and Air Force launched precision strikes on nine terror camps across the Line of Control under Operation Sindoor. The operation, targeting groups like Jaish-e-Mohammed and Lashkar-e-Taiba, boosted investor sentiment on expectations of higher defence spending. Shares of Mazagon Dock, HAL, and BEL saw modest gains, while the Nifty Defence index...