How L&T aims to create a multi-billion dollar defence business driven by Modi government plans to modernise military

The government has established a target of Rs 30,000-crore in defence exports for this fiscal year. (Image of K9 Vajra) Larsen & Toubro (L&T) plans to expand its defence business into a multi-billion dollar enterprise, significantly higher than Rs 6,185 crore (approximately $726 million at current exchange rates) in orders from the previous financial year,…

Read More

Ahead of NSE IPO nod, National Stock Exchange of India’s valuation surges 60% to $58 billion: Report

NSE shares have traded at prices up to Rs 2,000 ($23) recently, with demand significantly exceeding supply. (AI image) NSE IPO: The National Stock Exchange of India Ltd.’s valuation has reached $58 billion (Rs 5 lakh crore) in private markets, as anticipation builds for a potential listing of India’s largest equity-derivatives exchange, according to individuals…

Read More

Gold price prediction today: Why is gold rate showing signs of exhaustion around Rs 98,000 level & should you sell or buy?

Gold pared some of the gains witnessed last week. (AI image) Gold price prediction today: Gold rate has been swinging in the last few weeks and has recently pared gains. Global uncertainties make gold a safe haven bet, but the flow of relatively better news internationally, especially on Donald Trump’s tariff front, is taking the…

Read More

Jio-Blackrock gets Sebi nod; Sanlam ties up with Shriram

MUMBAI: The mutual fund space is seeing two new entrants. While Reliance Jio-BlackRock’s joint venture received Sebi approval to launch an asset management company (AMC), South Africa-based Sanlam joined Shriram Asset Management as a co-promoter with a strategic investment.Jio Financial Services and US-based BlackRock’s 50:50 JV-Jio BlackRock Asset Management-was cleared by Sebi to operate as…

Read More