reliance capital

Uday Kotak, founder of Kotak Mahindra Bank, urged India to reduce its reliance on foreign capital and cultivate a robust domestic pool of long-term risk capital for true self-reliance. He emphasized that companies should prioritize building businesses with a three-to-five-year vision over short-term stock price fluctuations, advocating for stronger domestic private equity and venture capital ecosystems.

India must cut reliance on foreign capital & build a strong domestic pool: Uday Kotak

Rajasthan Royals captain Riyan Parag admitted his team let a winning position slip against Delhi Capitals, citing a dramatic collapse after reaching 160 for 2 in 14 overs. Parag lamented the team's poor execution in middle and death overs, as well as in the field, stating they were not up to the mark.

RIL, Tata group exploring greater flexibility; move may affect IT companies return to office plans

Rupee hit a fresh record low of 96.07 against the US dollar on Friday, extending its losing streak over three straight sessions amid soaring crude oil prices and escalating tensions in West Asia. At the interbank foreign exchange market, the rupee opened at 95.86 against the US dollar and slipped further to 95.94, down 30 paise from its previous close.

India is significantly boosting defence spending and prioritizing domestic production, aiming for self-reliance and export growth. New policies like 'Make in India' and DAP 2020 are reshaping procurement, encouraging local manufacturing and foreign collaboration. Despite global supply chain challenges, indigenous production and exports are rising, signaling a strategic shift towards greater defence capability and autonomy.

PM Modi has called on citizens to adopt measures aimed at conserving foreign exchange, as the surge in oil prices triggered by the Iran conflict has intensified pressure on the rupee and strained India’s foreign exchange reserves.

India’s macro exposure to the Middle East continues to be transmitted primarily through energy and critical input prices, reflecting structurally high dependence on imported crude and natural gas.

The Indian rupee is facing significant pressure, weakening against the US dollar due to soaring crude oil prices driven by Middle East geopolitical tensions and persistent foreign fund outflows. Despite India's robust economic growth, the currency's slide continues as the Reserve Bank of India intervenes to curb volatility rather than target a specific exchange rate.

And that’s the trap that ‘Philosopher King’ Xi Jinping wants to avoid when coming up against Don Tzu, but who is Thucydides anyway? What trap did he lay? And will the US and China go to war?

Oracle faces a significant bank-debt challenge due to its massive data centre expansion for OpenAI, reportedly requiring $300 billion. Lenders struggle with exposure limits, impacting their ability to finance these projects. This comes as Oracle also plans substantial job cuts, highlighting financial pressures despite efforts to secure funding.

Delhi's energy landscape is under siege as demand skyrockets, pushing gas-powered plants to operate on a shoestring. Strained by significant gas shortages and spiraling prices tied to global energy turmoil, these facilities struggle to keep the lights on.

Elon Musk testified in a trial against OpenAI, accusing the AI company and CEO Sam Altman of abandoning their nonprofit mission. Musk stated he co-founded OpenAI to prevent AI from falling into the wrong hands, arguing the shift to a for-profit structure violated its original purpose. He emphasized that the case's outcome could impact charitable giving nationwide.

Royal Challengers Bengaluru's bowlers delivered a rare low-scoring spectacle, bowling out Delhi Capitals for 75. Sunrisers Hyderabad's assistant coach James Franklin expressed surprise at the anomaly, noting the current IPL's heavy batting favouritism. He also detailed Abhishek Sharma's meticulous preparation and denied over-reliance on SRH's top order.

Amidst global supply chain disruptions, India's economic leaders are prioritizing domestic strength. Finance Minister Nirmala Sitharaman highlighted the vast Indian consumer base as a key defense, while industry titans emphasised strategic self-reliance in manufacturing and a pivot to green energy. This approach aims to leverage India's demographic dividend and workforce to navigate international volatility and accelerate national growth.

According to data from the Ministry of Petroleum and Natural Gas, crude production fell 2.5 per cent to 28 million metric tonnes in 2025–26. This marks a cumulative drop of 22 per cent since 2014–15.

Indian markets concluded the week on a positive note, with the combined market value of the top ten companies surging by over Rs 1.87 lakh crore. Bharti Airtel emerged as the leading gainer, adding Rs 58,831 crore to its valuation. This uptrend was supported by easing geopolitical tensions and a positive risk sentiment.

India’s auto boom is back — but not for everyone. As SUVs surge and profits rise, entry-level cars are being left behind.

Unconditional cash transfers just before elections may help fight anti-incumbency, but it bleeds the economy and has limited long-term gains in real welfare of the people