Business

Market Declines Further Ahead of RBI’s MPC Decision

Published

2 years ago

February 7, 2025

The stock market experienced a slight decline, impacted by underperformers such as Titan, ITC, State Bank of India, and PowerGrid due to disappointing earnings reports. By the end of trading, the Sensex fell 0.27%, dropping 213.12 points to close at 78,058.16, while the Nifty saw a decline of 0.39%, losing 92.95 points to settle at 23,603.35. This marked the second consecutive day of losses for both indices.

During the session, the Nifty 50 did manage to rise by about 0.30%, reaching an intraday high of 23,773.55 before giving up those gains and falling back close to the 23,600 mark. Meanwhile, the Sensex fluctuated between a high of 78,551.66 and a low of 77,843.99.

Notably, Bharti Airtel was the leading loser among the benchmark indices, contributing significantly to the market’s decline as investors awaited its crucial earnings announcement later today. The BSE Midcap index lagged with a 0.87% drop, while the Smallcap index remained nearly unchanged.
Overall, the market capitalization of BSE-listed companies decreased to approximately ₹425 lakh crore, down from over ₹427 lakh crore in the previous session.
On the Nifty, the top performers included Cipla (up 2.42%), Adani Ports & Special Economic Zone (up 1.72%), Infosys (up 0.98%), Tata Consumer (up 0.79%), and Dr. Reddy’s Laboratories (up 0.74%).
Conversely, the biggest losses were seen in Trent (down 8.22%), Bharat Electronics (down 3.18%), Bharti Airtel (down 2.45%), Titan Company (down 2.23%), and NTPC (down 2.13%).
The Bank Nifty ended the day at 50,343.05, having reached an intraday high of 50,553.35 and a low of 50,149.80.
Most sectors closed lower, with Nifty Realty down 2.19% and Consumer Durables down 1.84%. Other declines included Nifty FMCG (down 0.96%), Auto (down 0.93%), Media (down 0.75%), Metal (down 0.75%), and PSU Bank (down 0.73%).
The only sectors in the green were Nifty Pharma (up 0.64%) and IT (up 0.31%), supported by a weaker rupee against the US dollar.
Stocks in the IT sector gained up to 1%, including TCS, Infosys, HCL Tech, and Wipro, following positive Q4 results from Cognizant Technology Solutions that boosted optimism across the sector.
Among individual stocks, Sula Vineyards saw a decline of over 4%, trading at Rs 348 per share after reporting disappointing Q3FY25 results. Swiggy’s stock tumbled more than 7%, falling to Rs 387 per share, as brokerages presented mixed opinions after the company reported a widened net loss of Rs 800 crore in Q3FY25.
The market continued to face losses ahead of the Reserve Bank of India’s (RBI) monetary policy decision scheduled for Friday. However, generally positive global signals and a drop in US bond yields moderated the losses for the key indices.

Business

RBI Ends Special Dollar-Rupee Swap Window Early Amid Strong Demand

Published

10 hours ago

August 15, 2026

Namma Kudla

Mumbai: The Reserve Bank of India (RBI) has decided to close its special forex swap facility for fresh FCNR deposits early.

The facility will now close on August 31, the RBI said on Friday.

The central bank said the decision was taken after receiving an encouraging response. The facility has attracted $52.3 billion through fresh foreign currency deposits.

Banks can continue to undertake swaps with the RBI against FCNR deposits raised under the facility until September 11.

Meanwhile, the schemes for External Commercial Borrowings and Overseas Foreign Currency Borrowings will remain open until December 31, 2026.

The RBI launched the special US dollar-rupee forex swap facility on June 8. It allowed banks to raise fresh three-to-five-year FCNR deposits.

Banks could then swap these deposits with the RBI at a concessional rate. The facility effectively covered the entire hedging cost for banks.

The strong response to the scheme led the RBI to bring the facility to an early close.

Business

Leksa Lighting Technologies Named among India’s Top 100 MSMEs

Published

5 days ago

August 11, 2026

Namma Kudla

Moodbidri: A dream that began in the rural area of Niddodi in Moodbidri has now gained national recognition. Leksa Lighting Technologies Pvt. Ltd., founded by Ronald Sylvan D’Souza, has been recognised as one of India’s Top 100 MSME companies.

The prestigious national recognition was presented by the MSME Udyog Foundation at a ceremony held in New Delhi on August 8, 2026.

Ronald Sylvan D’Souza started his entrepreneurial journey from a humble background. Through hard work, discipline and continuous efforts, he built Leksa Lighting Technologies into a recognised lighting technology company.

The company has focused on quality, technological innovation and indigenous manufacturing. Research and development have also played an important role in its growth.

Leksa Lighting has adopted Japanese work practices to improve its manufacturing and operational standards. The company has also worked towards developing quality lighting solutions in India.

What began as a dream in rural Karnataka has now reached different parts of the country. The company is also making its presence felt in international markets.

Speaking about the recognition, Ronald Sylvan D’Souza said the award was not an individual achievement. He credited the entire Leksa team, customers, business partners, family members and everyone who supported the company.

He said he was proud and happy to see a dream that began in Niddodi and Moodbidri receive recognition at the national level.

The achievement highlights the potential of rural entrepreneurs. It also shows that determination, discipline and consistent hard work can help a business from a rural area achieve success on a national platform.

Leksa Lighting Technologies’ journey stands as an example of how a local dream can grow into a nationally recognised enterprise.

Business

Vehicle Prices to Increase from August 1

Published

3 weeks ago

July 28, 2026

Namma Kudla

New Delhi: Buying a new vehicle is set to become more expensive from August 1, adding to the financial burden on consumers. Several automobile manufacturers have announced a price hike due to rising production costs.

The increase is mainly driven by higher prices of raw materials and components. The cost of steel, aluminium, rubber, plastic, electronic chips, batteries, and spare parts has gone up in recent months. Global market changes caused by ongoing conflicts and inflation have also increased manufacturing expenses.

As a result, vehicle companies have decided to raise the prices of new models. Customers planning to purchase a new vehicle are likely to pay more from August 1.

The price hike is also expected to affect the travel and transport industry. Travel agencies and tour operators say buying new cars, SUVs, and other passenger vehicles will become more expensive.

Operators have already been facing higher expenses due to increased fuel prices and toll charges. With the additional cost of new vehicles, many travel agencies are preparing to revise their rental charges.

The Karnataka Travels Association has indicated that travel fares may be increased to manage the rising operating costs. Passengers may have to pay more for each trip if the revised rates are implemented.

Meanwhile, several automobile manufacturers have already published details of the upcoming price increase on their official websites. Consumers planning to buy a new vehicle may consider making their purchase before the revised prices come into effect on August 1.