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India Sees 40x Growth in Companies with Market Cap Over Rs 1 Lakh Crore in 24 Years

31Mar

By Hindustan Herald DeskNo Comments

Market, News

India Sees 40x Growth in Companies with Market Cap Over Rs 1 Lakh Crore in 24 Years

India’s economic landscape has witnessed remarkable growth over the last two decades, as the number of companies with a market capitalisation exceeding Rs 1 lakh crore has surged 40 times between FY02 and FY24. This surge underscores India’s robust economic fundamentals and expanding market depth, according to a report by the National Stock Exchange (NSE). The rise in the number of high-market-cap companies highlights the expanding investor base, economic resilience, and the country’s position as a significant player in global markets. Growth in Market Capitalisation: Key Statistics According to the NSE report, the share of companies with a market cap of over Rs 1 lakh crore has surged from nearly 18% to over 60% of the total market capitalisation of NSE-listed companies between F...

Stock Market Holiday Schedule: BSE and NSE Closed on March 31, 2025 for Eid al-Fitr Celebrations

31Mar

By Hindustan Herald DeskNo Comments

Market, News

Stock Market Holiday Schedule: BSE and NSE Closed on March 31, 2025 for Eid al-Fitr Celebrations

In observance of Eid al-Fitr celebrations, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed for trading on Monday, March 31, 2025. This holiday follows the regular weekend closure on March 29 and March 30, and the stock markets will reopen on Tuesday, April 1, 2025. During the holiday, all market operations will be suspended, including activities related to equities, derivatives, currency markets, securities lending and borrowing (SLB), and electronic gold receipts (EGR). Investors and traders should adjust their schedules accordingly to avoid any disruptions in their trading plans. Upcoming Market Holidays in 2025 The Indian stock exchanges operate on weekdays, excluding weekends and scheduled public holidays. Below is a list of upcoming market...

BSE Shares Rally 10% After SEBI Proposal, Board to Meet for Bonus Share Allotment

28Mar

By Hindustan Herald DeskNo Comments

Market

BSE Shares Rally 10% After SEBI Proposal, Board to Meet for Bonus Share Allotment

Shares of BSE surged by 10% on March 28, 2025, after the Securities and Exchange Board of India (SEBI) proposed restricting the expiry schedule of equity derivatives, a move that could prevent BSE from losing market share to its rival, the National Stock Exchange (NSE). This rally comes just a day after BSE shares gained 5%, bringing the two-day rally to 15%. Key Highlights:SEBI's Expiry Proposal Favors BSEBrokerage Views on BSEBSE Board to Consider Bonus SharesA Positive Outlook for BSE SEBI's Expiry Proposal Favors BSE On March 27, SEBI issued a consultation paper proposing that equity derivative contract expiries be restricted to either Tuesday or Thursday, aiming to reduce concentration risk and foster product innovation. Currently, BSE contracts expire on Tuesday, whi...

Gautam Adani Becomes India’s Biggest Wealth Gainer with Rs 1 Lakh Crore Surge, According to Hurun Global Rich List 2025

28Mar

By Hindustan Herald DeskNo Comments

Market

Gautam Adani Becomes India’s Biggest Wealth Gainer with Rs 1 Lakh Crore Surge, According to Hurun Global Rich List 2025

In an impressive leap, Gautam Adani, the chairman of the Adani Group, has emerged as India’s biggest wealth gainer in absolute terms. According to the Hurun Global Rich List 2025, Adani’s net worth surged by nearly Rs 1 lakh crore, increasing his total wealth by 13 per cent, bringing it to an astounding Rs 8.4 lakh crore. This remarkable rise has placed him as the second-richest person in India and the 18th richest person globally. Key Highlights:Mukesh Ambani’s Wealth Declines Amid Increased DebtGautam Adani’s Rise: From Commodity Trader to Industrial TycoonAdani’s Vision and Global InfluenceAdani and Ambani’s Ongoing Wealth Battle Mukesh Ambani’s Wealth Declines Amid Increased Debt In contrast, Mukesh Ambani, Chairman and Managing Director of Reliance Industries, experie...

Trump’s 25% Auto Import Tariff to Impact Tata Motors’ JLR and Indian Auto Exporters

27Mar

By Hindustan Herald DeskNo Comments

Auto And Vehicles, Market

Trump’s 25% Auto Import Tariff to Impact Tata Motors’ JLR and Indian Auto Exporters

In a move poised to send ripples through the global automotive supply chain, US President Donald Trump has announced a 25 per cent tariff on overseas auto imports. The decision is expected to significantly impact Indian firms, including Tata Motors, Eicher Motors, Sona BLW, and Samvardhana Motherson, according to a report by MoneyControl. Key Highlights:Tata Motors: Indirect Hit via Jaguar Land RoverOther Indian Auto Companies on AlertEicher MotorsSamvardhana Motherson International LtdSona BLW (Sona Comstar)India’s Auto Component Exports: A Broader ImpactTata Motors and Indian Auto Sector Brace for Uncertainty Tata Motors: Indirect Hit via Jaguar Land Rover While Tata Motors does not export vehicles directly to the United States, its subsidiary Jaguar Land Rover (JLR)...

UPI Services Restored After Nationwide Outage Affects Google Pay, Paytm Users

26Mar

By Hindustan Herald DeskNo Comments

Finance, Tech

UPI Services Restored After Nationwide Outage Affects Google Pay, Paytm Users

Unified Payments Interface (UPI) services were restored across India on Wednesday evening after a widespread outage disrupted digital payments for thousands of users. The National Payments Corporation of India (NPCI) acknowledged the issue in a statement posted on X (formerly Twitter), confirming that the system had faced intermittent technical difficulties leading to partial transaction declines. “NPCI had faced intermittent technical issues owing to which UPI had partial decline. The same has been addressed now and the system has stabilised. Regret the inconvenience,” NPCI said in the post. Key Highlights:Payment Failures Across Major AppsImpact and RecoveryUPI Back Online Payment Failures Across Major Apps Users attempting transactions on popular UPI-based p...

Lip-Bu Tan’s Strategic Roadmap for Intel: What Analysts and Insiders Say He Must Fix First

26Mar

By Hindustan Herald DeskNo Comments

Finance

Lip-Bu Tan’s Strategic Roadmap for Intel: What Analysts and Insiders Say He Must Fix First

Lip Bu Tan, the newly appointed CEO of Intel, has inherited one of the most complex turnarounds in tech. The veteran semiconductor executive, best known for leading Cadence Design Systems and serving on the boards of over a dozen chip companies, stepped in on March 12, sending Intel stock up by over 15% the very next day. But enthusiasm aside, the road ahead is daunting. In a comprehensive report by Yahoo Finance, which interviewed Wall Street analysts and current/former Intel employees, three urgent challenges have been highlighted. Their insights sketch a clear roadmap for Tan—one that requires a mix of bold decisions, strategic patience, and cultural revitalization. Key Highlights:1. Rescuing the Foundry: Can Intel Attract Big Clients?2. Learning from AI Failures Without Gi...

Zerodha Introduces 6 New Kite Order Window Features to Simplify Trading Experience

26Mar

By Hindustan Herald DeskNo Comments

Finance

Zerodha Introduces 6 New Kite Order Window Features to Simplify Trading Experience

Zerodha kite order window features have received a major upgrade aimed at improving the trading experience for millions of users across India. Announced by Zerodha’s CEO Nithin Kamath via X, the new features are now available on the Kite web platform, with a mobile app rollout coming soon. These updates are focused on automating complex tasks, improving real-time visibility, and introducing protective mechanisms to avoid unexpected losses. Some important updates on Kite by @zerodhaonlineOrder slicing – You can now easily place large orders without having to worry about exchange freeze limits.Available margin – Instantly know your available funds on the Kite order window.Market depth – Now easily access market… pic.twitter.com/63Q2qWf5pJ— Nithin Kamath (@Nithin0dha) March 25, 20...

Mumbai District Declared India’s Wealthiest District with USD 310 Billion GDP

25Mar

By Hindustan Herald DeskNo Comments

Finance

Mumbai District Declared India’s Wealthiest District with USD 310 Billion GDP

India is home to 779 districts, each contributing uniquely to the nation's economy. Among them, one district stands out as an economic juggernaut in 2025—Mumbai. With an estimated GDP of USD 310 billion in 2024, Mumbai alone contributes over 6% to India’s national output. This powerhouse of finance, culture, and industry not only leads in terms of economic volume but also symbolizes India’s global aspirations. In this article, we break down the top 5 reasons why Mumbai has emerged as the wealthiest district in India. 1. Unmatched Financial Powerhouse2. Dominance in Entertainment and Media3. Industrial and Trade Diversification4. Asia’s Billionaire Capital5. Comparative Advantage Over Other Districts 1. Unmatched Financial Powerhouse Mumbai's economy is largely driven b...

Sensex Surges Nearly 1,000 Points as Bank Strike Called Off, Boosting Markets

24Mar

By Hindustan Herald DeskNo Comments

Market

Sensex Surges Nearly 1,000 Points as Bank Strike Called Off, Boosting Markets

The Indian stock market witnessed a major rally on Monday, March 24, 2025, after the bank strike today was officially called off, driving up investor sentiment. Led by gains in banking and real estate stocks, the BSE Sensex climbed 972.91 points (1.27%) to reach 77,878.42, while the NSE Nifty rose 286 points (1.22%), touching 23,636.40. Key Highlights:Bank Strike Called Off: Why It MattersMarket Response: Bank and Realty Stocks Lead the RallyGlobal Context and Oil Market MovementOutlook The rally was fuelled by the sudden withdrawal of the proposed bank strike in March 2025, which had been planned by the United Forum of Bank Unions (UFBU). The collective of nine unions had called for a two-day strike after discussions with the Indian Banks’ Association (IBA) failed to yield r...

Nithin Kamath’s Swift Response to Customer Concern Reflects Zerodha’s $2 Billion Customer-First Ethos

23Mar

By Hindustan Herald DeskNo Comments

Finance

Nithin Kamath’s Swift Response to Customer Concern Reflects Zerodha’s $2 Billion Customer-First Ethos

When Bengaluru-based product manager Sachin Jha was forced to close his Zerodha account after his wife joined a global investment bank that flagged Zerodha as “not a trusted broker,” he reluctantly complied. But before doing so, he sent one final email to Nithin Kamath, CEO of the $2 billion fintech platform. To Jha’s surprise, Kamath replied within 10 minutes. The CEO’s prompt response kicked off a full internal review by Zerodha’s compliance and communications teams. They acknowledged the broader issue of institutional trust gaps for digital-first platforms like Zerodha and outlined their ongoing efforts with banks to improve standing in traditional financial ecosystems. Key Highlights:The Incident That Sparked a Larger DialogueA Challenge Faced by Digital-Only Financial Pla...

Gold Prices Decline by Rs 1,000 from Peak; Silver Falls Sharply by Rs 2,800

27Feb

By AkshatNo Comments

Market, News

Gold Prices Decline by Rs 1,000 from Peak; Silver Falls Sharply by Rs 2,800

Gold prices dropped by almost Rs 1,000 from their record high, trading at Rs 85,700 per 10 grams on MCX. Silver fell significantly by Rs 2,800 over the past week, with futures quoted at Rs 94,249 per kg. US Spot Gold prices dipped by over 0.5%, with COMEX gold hovering above $2,910 per ounce. Delhi bullion market showed resilience, with 99.9% pure gold rising by Rs 250 to Rs 89,350 per 10 grams. Silver in the Delhi market continued to fall, declining Rs 500 to Rs 99,500 per kg. Market factors influencing prices include US inflation concerns, Federal Reserve policies, exchange rates and domestic demand. Key Highlights:Gold and Silver Prices Drop Amid Market Volatility:MCX Futures: Decline Continues:Mixed Trends in Delhi Bullion Market:Global Market Impact on Gold Prices: Gold ...

Work-Life Balance Debate in Corporate India: Capgemini CEO Advocates for a 47.5-Hour Workweek

27Feb

By AkshatNo Comments

Business, News

Work-Life Balance Debate in Corporate India: Capgemini CEO Advocates for a 47.5-Hour Workweek

Capgemini CEO Ashwin Yardi supports a 47.5-hour workweek, opposing the 70- and 90-hour workweek proposals. Yardi discourages weekend work emails to reduce unnecessary stress. Younger workforce expectations are shaping corporate policies. Nasscom chairperson and Marico CEO emphasize results over work hours. Capgemini introduces structured career paths, quarterly promotions, and frequent employee surveys. Key Highlights:Work-Life Balance at the Forefront of Corporate Discussions:Challenging Weekend Work Culture:Contrasting Views from Industry Leaders:Adapting to a Younger Workforce:A Balanced Approach to Work Hours: Work-Life Balance at the Forefront of Corporate Discussions: The debate on work-life balance in corporate India has intensified after influential business le...

Mahindra & Mahindra Share Price Falls 6% Amid Rights Issue Plans and Market Caution

21Feb

By AkshatNo Comments

Business, News

Mahindra & Mahindra Share Price Falls 6% Amid Rights Issue Plans and Market Caution

M&M shares fell 6% in intraday trade on February 21 to Rs 2,666.45, the biggest intraday drop in seven months. The stock has declined 17% in two months from its February 7 peak of Rs 3,197.75.M&M’s board approved subscribing to rights issues of MMFSL (up to Rs 3,000 crore) and MLDL (up to Rs 1,500 crore). Despite a strong 45% gain in the past year, market caution over the PV segment in FY26 has impacted investor sentiment. Analysts expect the SUV market to outperform, while mass-segment vehicle sales may remain sluggish. Key Highlights:M&M Stock Sees Steepest Intraday Fall in Seven Months:Rights Issue Plans Weigh on Market Sentiment:Market Outlook and Industry Challenges:Long-Term Growth Prospects for M&M: M&M Stock Sees Steepest Intraday Fall in Seven Mon...

JSW Energy Share Price Surges 3.3% After Morgan Stanley Sets Rs 545 Target

21Feb

By AkshatNo Comments

Business, News

JSW Energy Share Price Surges 3.3% After Morgan Stanley Sets Rs 545 Target

JSW Energy share price increased 3.3% to Rs 484 on February 21, continuing its four-day rally. Morgan Stanley maintained an ‘overweight’ rating with a price target of Rs 545, indicating a 16.5% upside. Despite the recent surge, JSW Energy stock has declined 27% since the start of 2025. The company is expanding its thermal and renewable energy business, with a projected 24% EBITDA CAGR over FY24–28. Q3 FY25 net profit dropped 27% year-over-year due to lower revenue from thermal and hydroelectric facilities. Key Highlights:Morgan Stanley’s Optimism Drives JSW Energy Stock Rally:Analysts Back JSW Energy’s Strong Market Position:Q3 FY25 Earnings: Profit Decline Due to Lower Thermal and Hydro RevenueStock Performance and Outlook: Morgan Stanley’s Optimism Drives JSW Energy Stock R...

OKX Secures MiCA License, Expanding Regulated Crypto Services Across Europe

20Feb

By AkshatNo Comments

Business, News

OKX Secures MiCA License, Expanding Regulated Crypto Services Across Europe

OKX becomes one of the first cryptocurrency exchanges to obtain the MiCA (Markets in Crypto-Assets) authorization. The license enables OKX to provide regulated services to over 400 million users across 28 EEA countries. OKX now offers over 240 cryptocurrencies, spot trading, OTC dealing, and bot trading, along with local payment options. The MiCA license grants OKX passporting rights, allowing seamless expansion within the EEA.OKX’s European headquarters in Malta will enhance user experience with local language and currency support. The company successfully obtained the license on January 27, 2025, following a rigorous regulatory process. This achievement solidifies OKX’s role as a global leader in secure and compliant cryptocurrency services. Key Highlights:OKX Secures MiCA Authori...