Dalal Street wrapped up last week on a high note, showcasing impressive gains among leading firms. State Bank of India saw a remarkable surge in its market value, joining industry giants Reliance Industries and TCS, which also experienced robust growth. Conversely, several other major companies faced decreases in their market valuations. Despite some volatility, overall
India’s economy is poised for substantial growth in 2026-27, driven by strong domestic demand and increased government spending. While this positive outlook is promising, external factors such as the ongoing Middle East conflict and fluctuating oil prices present significant risks. Additionally, last year saw a historic exodus of foreign investment from Indian equities, but favorable
Berkshire Hathaway showcased impressive growth in its second-quarter results, with notable increases in both operating profit and net income. While revenue surged, the company’s cash reserves took a hit from recent stock buybacks. Although Geico struggled, profits rose in BNSF Railway and other sectors. Under the leadership of Greg Abel, the company ramped up share
Indian Railways is prioritising Kavach deployment on high-density and highly used network routes, which carry nearly 96% of railway traffic. Now, the next-generation Kavach 5.0 is being developed for suburban rail operations with an aim to support higher train frequencies.
Non-banking financial company gold loans grew nearly seventy percent year-on-year. This expansion significantly outpaced overall retail credit growth for these institutions. The Reserve Bank of India had introduced new rules for gold lending practices. Despite regulatory scrutiny, demand for gold-backed credit remained robust. Credit growth in industry and services sectors showed moderation during this period.
The US Senate approved a bill allowing President Trump to impose tariffs on nations buying Russian energy. India could face up to 100% tariffs on its goods if the bill becomes law. This legislation pressures countries to choose between US markets and Russian energy purchases. India has increased its Russian oil imports for energy security
