Nine years after its founding, Bengaluru-based Ultraviolette is once again vying for a breakthrough in India’s premium electric two-wheeler market. Backed by TVS Motor and several prominent investors, Ultraviolette began with high ambitions, but sales remained modest over the years.
Life Insurance Corporation of India (LIC), India’s largest institutional investor with share-holdings worth over Rs 16 lakh crore, has undertaken a notable shift in its banking sector investments during the September quarter.
The global artificial-intelligence (AI) trade, valued at around US$25 trillion, is showing signs of fatigue as the Bloomberg AI Index fell about 4% after a 34% rise over the past three months.
Indian equity markets opened on a positive note as the S&P BSE Sensex rose approximately 160 points to reach about 83,376.62 and the Nifty 50 climbed to around 25,545.45, reclaiming the 25,500 mark.
India’s metals and mining sector is poised for a powerful upcycle, driven by record infrastructure spending, clean energy demand, and bold government mining reforms. From iron and steel to aluminium and copper, both global prices and domestic momentum are fueling robust growth.
Indian equity markets witnessed a sharp decline today, weighed down by weak global cues, persistent foreign fund outflows, and broad-based sectoral selling. The sentiment turned cautious as investors resorted to profit-booking after the recent rally, with valuations appearing stretched across multiple segments.
Donald Trump on Thursday expressed strong admiration for Narendra Modi, calling him a “great man” and a “friend,” while indicating that a visit to India next year remains on the agenda.
India’s Finance Minister Nirmala Sitharaman confirmed that the government has initiated discussions with the Reserve Bank of India (RBI) and various banks regarding consolidation in the banking sector. She emphasised that before any firm decisions on merging banks are taken, a more enabling environment will need to be created to allow banks to grow.
India’s aviation growth story is hitting an unexpected snag. While Akasa Air and Air India are eager to expand their fleets, they are caught in a regulatory logjam in the United States that is delaying delivery of fully certificated planes — including aircraft that are technically complete, yet remain grounded because their seats have not received clearance.
The government is reportedly exploring a fresh wave of mergers in the public sector banking (PSB) space, aiming to create a few large global-scale lenders with assets and lending power capable of supporting India’s next phase of growth. While the aspiration is bold, a key question remains: will these consolidations truly transform the banking system—or […]
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