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Bengaluru s Sarjapur Road and Thanisandra Main Road have witnessed around 80 per cent growth in average housing prices in the past three and a half years, according to Anarock.

SoftBank's PayPay files for US IPO

Updated at : 2025-08-15 17:15:01

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SoftBank said on Friday that payments app operator PayPay Corp has applied to list American depositary shares in the United States.

US tariffs could slash India’s exports by $35 billion, hitting sectors like textiles, gems, and agriculture. A 10-point plan—spanning export diversification, infrastructure overhaul, tourism, tax reforms, and GCC expansion—offers a roadmap to boost foreign inflows, strengthen domestic growth, and turn adversity into opportunity.

Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, celebrated India s Independence Day. She recalled her return to India in 2009. Despite warnings of lost opportunities in the US, she chose India. Gupta believed in India s potential for growth and impact. She expressed gratitude for the opportunities she received.

Berkshire Hathaway made a surprising $1.6 billion investment in UnitedHealth Group during the second quarter, even as the insurer faced challenges. Simultaneously, the conglomerate reduced its holdings in Apple and Bank of America, while completely divesting from T-Mobile US. The company also initiated new positions in Nucor and Lennar, reflecting strategic portfolio adjustments.

Hyderabad s RSB Retail India Ltd has filed for an IPO with SEBI, featuring a fresh issue of Rs 500 crore and an offer for sale of up to 2.98 crore shares. The retailer intends to use the funds to repay loans and establish new stores under its R. S. Brothers and South India Shopping Mall formats.

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Hindustan Zinc Ltd. (HZL) aims for ₹62,000-65,000 crore in annual revenue by doubling its production capacity to 2 million tonnes. The Vedanta subsidiary anticipates an EBITDA of ₹34,000-36,000 crore and a production cost of $1,000 per tonne at this expanded capacity. Silver production is also expected to rise to 1,500 tonnes.

RBI issues draft regulations on forex guarantees

Updated at : 2025-08-15 11:30:01

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The Reserve Bank of India is framing rules for foreign exchange guarantees. These rules impact Indian citizens involved in such guarantees. Individuals need RBI s approval to act as surety. Reporting of guarantees and any changes is mandatory within seven days. Late reporting attracts a fee. A three-year window is available for late fee payments.

S&P s upgrade of India s sovereign credit rating to BBB is projected to lower overseas borrowing costs for Indian companies and non-bank lenders. Top-rated firms could see savings of 10-20 basis points on external commercial borrowings, currently around 7.75%. This shift expands the global investor base for NBFCs, potentially leading to spread benefits of 15-40 basis points.

Indian companies experienced a slowdown in revenue and profit growth during the June quarter, hitting multi-year lows due to weak performance in banking, consumer durables, and capital goods sectors. While some sectors like cement and hospitality showed double-digit profit growth, overall operating margins contracted.

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