India’s central bank is poised to recalibrate its dividend transfer mechanism to the government, marking a potential evolution of the Economic Capital Framework (ECF) pioneered by the Bimal Jalan committee. Adopted in 2019, the ECF has thus far guided the Reserve Bank of India’s (RBI) surplus distribution policy, even withstanding economic shocks like the COVID-19 pandemic. As the Indian economy enters a phase of sustained growth, officials suggest that subtle changes—not a complete overhaul—may be warranted to align the framework with future fiscal and monetary realities.

JSW Steel Ltd, helmed by Sajjan Jindal, posted a 13.54% year-on-year increase in consolidated net profit to Rs. 1,501 crore for the March 2025 quarter, driven primarily by a significant reduction in operating expenses. While full-year profit declined sharply by 61% to Rs. 3,491 crore, the company maintained a positive Q4 trajectory. The board approved a final dividend of Rs. 2.80 per share and laid out plans to raise up to Rs. 19,000 crore through a mix of equity, convertible instruments, and non-convertible debentures.

Gold prices in India edged higher on Friday, buoyed by international market strength and investor caution amid ongoing fiscal uncertainties in the United States. The price of 10 grams of gold rose by Rs. 100 to reach Rs. 98,750 in the national capital, reflecting sustained global interest in the yellow metal as a safe-haven asset. Conversely, silver prices recorded a sharp decline of Rs. 2,000 per kilogram, closing at Rs. 99,200. With macroeconomic data from the U.S. in focus, market sentiment remains finely balanced, shaping investor expectations across bullion markets worldwide.

Wooden Street, a prominent name in India's omnichannel furniture sector, has made a strategic foray into the competitive mattress industry with the launch of its proprietary brand, Penguin Sleep. Backed by proprietary Ergowave technology, the company expects the new vertical to contribute Rs. 200 crore in revenue over the next 24 to 36 months. With an existing retail network of over 100 stores and fresh capital infusion of Rs.

Wipro’s latest financial disclosures reveal a significant surge in executive compensation amid a sharp recovery in profitability during fiscal year 2024–25. CEO Srinivas Pallia, who took the helm in April 2024, received a total remuneration of USD 6.2 million (Rs. 53.64 crore), underscoring a new compensation structure following the exit of former CEO Thierry Delaporte. Meanwhile, Executive Chairman Rishad Premji’s salary more than doubled to USD 1.6 million (Rs. 13.7 crore), reflecting improved company performance. The annual report, filed with the U.S.

Max Estates, the real estate arm of the Max Group, has delivered a striking turnaround in its financial performance for fiscal year 2024–25. The company reported a consolidated net profit of Rs. 40.81 crore, reversing a loss of Rs. 42.16 crore from the prior year. Revenues surged to Rs. 249.67 crore, more than doubling year-over-year, fueled by robust growth in both residential and commercial segments across the Delhi-NCR region. Quarterly performance also improved significantly, with Q4 profit reaching Rs. 17.34 crore. Notably, sale bookings soared to Rs.

India's Goods and Services Tax (GST) Council is expected to convene shortly to deliberate on significant reforms, including rate rationalisation, tax structure simplification, and the contentious issue of compensation cess post-March 2026. These discussions gain urgency as the GST regime approaches maturity and stakeholders call for a more efficient and equitable tax system.

At the grand stage of Shilpakala Vedika, Miss Indonesia Monica Kezia Sembiring captivated audiences and judges alike with a harmonious piano composition blending Indian and Indonesian musical traditions, securing first place at the Miss World 2025 Talent Finale. The globally anticipated event showcased a rich array of cultural expressions from 24 international contestants, each delivering uniquely resonant performances—from ballet and gospel to poetry and aerial acts.

KSH International, a leading manufacturer of magnet winding wires, has initiated the process to raise Rs. 745 crore through an initial public offering (IPO). The Pune-based firm aims to utilize the proceeds to reduce debt, enhance manufacturing capacity, and invest in renewable energy infrastructure. The IPO comprises a fresh issue of Rs. 420 crore and an offer-for-sale worth Rs. 325 crore by the promoters.

The Indian mutual fund sector has demonstrated remarkable resilience and expansion, with Assets Under Management (AUM) reaching an unprecedented Rs. 70 trillion as of March 2025—a 22.5% increase year-over-year, according to ICRA Analytics. The surge is propelled predominantly by strong growth in open-ended schemes, especially index funds and ETFs, which expanded by 23.8% in April 2025. Meanwhile, investor participation remains robust with a 30.21% rise in folio count, despite a slight decline in debt-oriented scheme folios.