Shares of major Indian shrimp feed and seafood exporters — including Apex Frozen Foods, Avanti Feeds, Coastal Corporation, and Waterbase — dropped sharply on Thursday, July 31, after U.S. President Donald Trump imposed a 25% tariff and penalty on Indian exports. By 10:37 a.m., Coastal Corporation shares had fallen 2.6% to Rs 35.75. Avanti Feeds was down 3.4% at Rs 667.6, while Apex Frozen Foods traded...
July 2025
The ₹4,000 crore initial public offering (IPO) of National Securities Depository Ltd (NSDL) – one of the world’s biggest custodians of electronic securities – has proven to be extremely rewarding for some of India’s top financial institutions that invested early. Big names like State Bank of India (SBI), IDBI Bank, NSE, HDFC Bank, and Union Bank of India are set to make massive profits as the...
Tata Capital is setting its sights on an ambitious $18–20 billion IPO valuation—up sharply from an initial ~$11 billion target—backed by a recent rights issue and the success of peers like HDB, and could file an updated DRHP this week ahead of a potential early-September launch to raise around $2.2 billion, which would position it as India’s fourth-largest...
Tesla’s debut in India is expected to boost electric vehicle (EV) imports, but a private analysis shows China had already cemented its dominance well before the U.S. automaker’s arrival. The Austin-based company opened its first Indian store on July 15 and will import cars from its Shanghai factory. In FY25, China supplied 61.1% of India’s nearly 10,000 imported EVs—up from 22.8% the previous...
The Rashtriya Janata Dal (RJD) and the Congress — key allies in Bihar’s Mahagathbandhan (Grand Alliance) — are close to finalising their seat-sharing arrangement for the upcoming Assembly elections. As per reports, the RJD is likely to retain most of the 144 seats it contested in the 2020 elections. The Congress, on the other hand, which had contested 70 seats last time, may have to settle for fewer...
Maharashtra Deputy Chief Minister Devendra Fadnavis warmly welcomed Tesla’s official entry into India, stating that the company made the ideal choice by launching in Maharashtra. Speaking at the grand opening, he expressed confidence that Tesla would build its full electric vehicle ecosystem in the state — from manufacturing to supply chains. He praised Maharashtra’s strong EV infrastructure,...