Business

NSE Indices has launched the Nifty 500 Ahimsa Index for investors. This new gauge includes companies that do not harm animals in their business. The index aligns with non-violence principles and excludes certain firms. It aims to redirect capital towards compassionate and cruelty-free investing. This initiative offers ethical investors clearer alternatives for their portfolios.

Startups founded by former tech professionals are attracting venture capital investment. These operator-led ventures, though few, are securing a growing share of funding. They consistently receive larger funding rounds and higher valuations compared to others. Experienced founders bring valuable company-building skills and execution focus to their new companies. This trend indicates a shift in investor

Hyundai Motor India is expanding charging infrastructure and component localization. The company plans to launch its first mass-market electric SUV this fiscal year. This move targets the affordable, sub-Rs 15 lakh segment of the EV market. Hyundai has previously focused on premium electric vehicle offerings in India. The new SUV launch will precede the CAFE

Indian markets closed lower as fluctuating crude prices and global risk-off cues weighed. Banking stocks led the decline after mixed earnings reports from major lenders. The rupee weakened against the dollar due to rising oil prices and geopolitical tensions. Crude prices rose to a one-month high amid fears of supply disruption. Geopolitical tensions in West

The National Highways Authority of India has prepaid over Rs 1.2 lakh crore in loans. This accelerated asset monetisation has reduced its overall debt significantly. The authority has not borrowed directly from the market since 2022. Asset monetisation hit a record high of Rs 41,079 crore in the last fiscal year. NHAI aims to raise

The government has informed Parliament about no current plans to abolish long-term capital gains tax on equities. Tax policies are revised periodically as part of the annual budgetary process and legislative revisions. This statement addresses investor demands for changes in long-term capital gains tax rates. The minister clarified that tax rates for domestic and overseas

RBI deputy governor Swaminathan J expressed concern over banks bypassing internal ombudsman. He stated that many customer grievances resolved by the RBI ombudsman were never referred internally. This situation undermines the purpose of the internal ombudsman framework, he noted. Banks must refer all eligible complaints promptly and without exception to their internal ombudsmen. Effective internal

IndiGo has placed a record order for over one thousand engines. This significant deal is for their 510 Airbus A320neo family aircraft. CFM International will supply the LEAP-1A engines and establish an MRO facility. Honeywell Aerospace will also provide avionics and power systems for these planes. IndiGo plans to double its fleet by the year