Overseas investors pull Rs 13,359 crore from Indian Bonds amid US yield surge and geopolitical tensions
Reversing four months of inflows, April saw a net ₹13,359 crore of outflow from the index-eligible fully accessible route (FAR) government securities, the highest monthly exit since India’s inclusion in the JP Morgan EM index in July 2024, CCIL data showed. Passive investments often closely track the weightings on global gauges.
TVS Motor enters FY26 on strong footing driven by rising EV adoption, premium product launches
On a year-on-year basis, TVS Motor’s revenue from operations rose 17% to ₹9,550.4 crore in the March 2025 quarter. Net profit grew at a faster rate of 76% to ₹852.1 crore, buoyed by the fact that benefits under the production-linked incentive (PLI) scheme for the full year were recognised in the fourth quarter.
Indus Towers Q4 net falls 4% on accounting impact, finance cost
Indus said one of its large customers (Vodafone Idea), which accounts for a substantial part of revenue and receivables, has cleared all undisputed overdue amounts in March 2025, resulting in a significant reduction in the allowance for doubtful receivables. As a result, the fiscal fourth-quarter results reflected a write-back of Rs 226 crore in the […]
High gold prices dim Akshaya Tritiya sales: Volume likely down by 30%, but value sales expected to rise 15-25%
High gold prices significantly impacted Akshaya Tritiya sales, with volume declining by an estimated 30% nationwide. While overall gold sales volume decreased, value increased by 15-20% due to soaring prices, reaching ₹98,469 per 10 grams with GST. South India showed stronger demand, particularly for plain gold and diamond jewellery, contrasting with muted demand in other […]
Rupee strengthens to 84.48 amid positive trade deal sentiment
The rupee strengthened despite border tensions with Pakistan, and positive sentiment surrounding a potential trade deal between India and the US aided the rupee. The dollar index was at 99.4.
Mark Mobius says his funds hold 95% in cash on trade war risks
Mobius, who has been investing in developing markets for about three decades, said some emerging market countries such as India will do quite well in the current environment, “but we have to wait until all of this evens out and we see a settling down of this uncertainty.”
Panel to run IndusInd Bank till new CEO logs in
Following CEO Sumant Kathpalia’s resignation amid derivatives portfolio discrepancies, the RBI has approved IndusInd Bank’s interim “committee of executives,” including Soumitra Sen and Anil Rao, to manage daily operations. This committee will function under board oversight until a new CEO is appointed or for a maximum of three months.
Gold dazzles, but buyers dwindle: Price surge shrinks bling appetite
India’s gold demand witnessed a 15% drop in the March quarter due to surging prices, with jewellery sales particularly affected. Despite this, investment demand remained strong, fueled by interest in gold ETFs and digital gold. Retailers remain optimistic, anticipating overall demand to stay between 700-800 tonnes for the year, supported by increased gold imports.
IndusInd accounting lapse row: CEO’s exit may point to more issues, hit recovery, margins
IndusInd Bank faces uncertainty as CEO Sumant Kathpalia resigned following a ₹1,960-crore loss due to derivatives discrepancies, raising concerns about delayed recovery and business disruptions. Analysts suggest appointing a private-sector banker as the new CEO to navigate challenges in key portfolios like vehicle finance and microfinance. The bank’s asset quality is under pressure, with rising […]