Market News
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Mastercard to look beyond card biz; target tier 3 & 4 markets for growth
Mastercard is targeting India's expanding credit-on-UPI market. The company is looking beyond traditional card payments for future growth. Mastercard is focusing on new customer segments and underserved markets. They are also developing solutions for commercial payments. Mastercard aims to be part of all emerging payment technologies.
RBI To Hit Pause On Friday; Future Hikes Hinge On Inflation: Gita Gopinath
File image of former IMF Deputy Managing Director Gita Gopinath.
Bata India bets on improving inventory reduction through efficiency steps, omni-channel strategy
Bata India emphasizes inventory reduction through efficiency, with a 13% decrease in gross inventory in the latest quarter. The company's omni-channel strategy and product expansion plans signal future growth despite challenges.
PhonePe CTO Rahul Chari Explains How AI Is Reshaping India's Fintech Ecosystem
Chari outlined how AI is powering the next phase of innovation and helping build a smarter financial future for "Bharat."
MPC's repo rate pause will help stabilise growth: SBI chairman
State Bank of India Chairman CS Setty anticipates a Reserve Bank of India interest rate pause to foster stable growth. He highlighted India's future economic expansion depends on boosting entrepreneurship, improving market access, and investing in its large young population. Banks must scale up financing for infrastructure, manufacturing, and green initiatives to meet ambitious targets.
MPC's repo rate pause will help stabilise growth: SBI chairman
State Bank of India Chairman CS Setty anticipates a Reserve Bank of India interest rate pause to foster stable growth. He highlighted India's future economic expansion depends on boosting entrepreneurship, improving market access, and investing in its large young population. Banks must scale up financing for infrastructure, manufacturing, and green initiatives to meet ambitious targets.
Varroc Engineering forms strategic partnership with Suzhou Tolyy Optronics
The collaboration combines Tolyy's display engineering and technology expertise with Varroc's manufacturing capabilities and OEM relationships, enabling localization of advanced display solutions, strengthening the Company's digital cockpit product portfolio, enhancing competitiveness in domestic and global markets and supporting future growth opportunities across passenger and commercial vehicle segments.
Il Predestinato Stays: Ferrari, Leclerc Strike New Deal Ahead Of Monaco GP
Ferrari have secured Charles Leclerc's future with a new multi-year contract extension.
Premiumisation, digital push, and India’s consumption story: Inside HUL’s growth blueprint
Hindustan Unilever Ltd remains optimistic about India's future growth. The company is focusing on increasing consumption, premium products, and digital advancements. Despite current economic hurdles, HUL is investing in its business to serve consumers better. India's young population, growing per capita consumption, and digital transformation are key drivers for this positive outlook.
INR depreciates further to one-week low as oil stays elevated amid Middle East turmoil
The Indian rupee depreciated further in opening trades on Wednesday as oil prices stay elevated, driving fears of inflationary pressures in future. INR opened at Rs 95.43 per dollar and hit a low of 95.65 so far during the day. Yesterday, rupee fell 15 paise to close at 95.34 against the US dollar, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. Local equities continue to stay strained in early trades with BSE Sensex trading at 73,866.45, down by 783.39 points and NSE Nifty 50 trading at 23,247.90, down by 235.65 points.
Where will Wipro stock be in three years?
As structural shifts and AI fears drag down returns, any future rebound for the IT stalwart hinges on reviving stagnant revenues and riding the AI wave.
JioStar sees a dip in sports contract provisions in FY26
JioStar India has significantly reduced its sports contract provision to over seventeen thousand crore rupees for FY26. This move addresses costly sports rights commitments. The company utilized a large portion of its provision in FY26. Provisions are created for anticipated future losses. These provisions mainly relate to International Cricket Council media rights.