Download IPFS Indian benchmark equity indices saw declines in early trade on Friday, July 18, 2025, primarily weighed down by significant outflows from foreign funds and a notable sell-off in banking stocks, particularly Axis Bank. This downturn marks a cautious start to the trading day for the broader market. The[Read More…]

Download IPFS Jio Financial Services Limited (JFSL), a part of the Reliance Group, announced on Friday, July 18, 2025, that it has entered into a binding agreement with Germany’s Allianz Group to form a 50:50 reinsurance joint venture in India. This strategic partnership marks a significant step for both entities,[Read More…]

Download IPFS Reliance Retail, a subsidiary of Reliance Industries Limited, announced on Friday, July 18, 2025, its acquisition of the iconic home appliance brand Kelvinator for India from Sweden’s Electrolux. While the financial specifics of the deal were not disclosed by Reliance Retail, Electrolux’s earnings update revealed a gain of[Read More…]

Download IPFS As India and the United States continue negotiations for a proposed Bilateral Trade Agreement (BTA), former Reserve Bank of India (RBI) Governor Raghuram Rajan has cautioned India to approach the discussions with “very careful and clever” strategies, particularly concerning the agriculture sector. His remarks come after the conclusion[Read More…]

Download IPFS Nayara Energy’s refinery at Vadinar, Gujarat, has become the first Indian entity in the energy sector to be directly impacted by Western sanctions targeting Russia. On Friday, July 18, 2025, the European Union (EU) announced fresh curbs on Russian oil exports, specifically designating the refinery and signaling a[Read More…]