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...
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,...
Having suspended the Indus Waters Treaty (IWT), India requested the World Bank's impartial expert, Michel Lino, to suspend proceedings regarding disputes on the Ratle and Kishanganga hydropower projects, as per Indian Express's report. Lino, a French hydropower and dam engineer, has been dealing with this conflict since 2022. He was selected by the World Bank according to the guidelines of the treaty....
Tensions in the Middle East have risen sharply after the US joined Israel in launching an attack on Iran. In response, Iran’s parliament has reportedly approved the closure of the Strait of Hormuz—a vital sea route through which nearly 20% of the world’s oil and LNG (liquefied natural gas) is transported. Although Iran has threatened to block this waterway before, it has never done so because it...
On June 18, silver prices continued their strong upward trend, hitting new all-time highs due to multiple supporting factors. July silver futures on the MCX reached ₹1,09,748 per kg, breaking the previous day’s record. September futures surged even higher to ₹1,11,000 per kg. This marks a significant 25% gain from the low of ₹88,050 per kg, highlighting silver’s recent momentum. In contrast,...
While gems, jewellery, and electrical machinery remain the mainstays of trade between India and Israel, it is the arms and ammunition sector that has grown the fastest over the past ten years. Even though Israel’s overall exports to India have decreased, a review by Moneycontrol shows that arms trade between the two countries rose sharply—by 33 times—between 2015 and 2024. In 2024, the weapons...