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FSN E-Commerce Ventures Ltd., which operates its business under the Nykaa brand, Monday said its consolidated net revenue growth on year for the March quarter is expected to be in the late twenties, which would be the highest growth in the past 12 quarters. "This strong performance came on the back of acceleration in fashion vertical along with sustained strong performance of beauty vertical," the company said in an exchange filing.
The company's consolidated gross merchandise value growth and net sales value growth for Jan-Mar are expected to be in late twenties and early thirties, respecti

The Supreme Court Monday ordered the Central Bureau of Investigation to initiate within two weeks a preliminary enquiry into award of public work contracts worth INR 12.70 billion in Arunachal Pradesh to firms owned by the family members of Chief Minister Pema Khandu. Preliminary enquiry and consequential investigation, if any, shall cover execution of public works, contracts, and work orders within the period from 2015 to 2025, said the bench of Justice Vikram Nath and Justice Sandeep Mehta.
The CBI shall in particular examine awards made to Khandu, his father's second wife Rinchin Drema an

The Reserve Bank of India’s recent restrictions on foreign exchange trades involving the rupee have created favourable condition for foreign portfolio investors to exit their holdings of Indian government bonds, dealers said. FPIs have taken the opportunity to sell gilts under the fully accessible route at the fastest pace on record.
FPIs sold INR 40.33 billion of index-eligible gilts on Thursday, according to Clearing Corp. of India data. On Mar. 30 and Thursday, they sold INR 73.19 billion worth of these bonds, the largest quantum of sales over two sessions since the fully accessible route

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The Reserve Bank of India's move Friday to tighten control over banks' foreign exchange positions will help to curb the build-up of speculative bets against the rupee, analysts and traders said. However, the RBI's focus on this short-term gain comes at the cost of stepping back from its aim of gradual capital account convertability of the rupee, they said.

The central bank, post market hours Friday, mandated banks to ensure that their net open rupee positions in the onshore deliverable foreign exchange market should not exceed $100 ‌million at the end of each business day, latest by Apr. 1

Fitch Solutions company BMI has forecast global gold prices to fall and average $4,600 per ounce in 2026. It also expects prices to remain under pressure as the year progresses due to inflation concerns from higher oil prices on the back of the US-Iran war, fuelling a hawkish pivot in the US Federal Reserve's rate policy.
Gold has been on a strong rally since 2024, with the highest level on record reached on Jan. 29 at $5,645.6 per ounce, driven by geopolitical conflicts and renewed questions on the US Fed's independence, it said in a report. However, after the war in Iran broke out on Feb.

India's goods and services tax collections, excluding cess, grew 8.8% on year to INR 2.001 trillion in March, government data released Wednesday showed. Including cess, the GST mop-up rose 2.1% on year to INR 2.002 trillion. The government's total GST collections for 2025-26 (Apr-Mar), excluding cess, were 22.271 trillion, up 8.3%.
Including cess, the government's total GST collections in FY26 were INR 23.258 trillion, up 5.6%. As per the revised Budget estimates, the government's GST collections in FY26 were projected to grow 5.4% on year. "India's GST collections in FY26 provide a strong f

Tata Motors Ltd.’s commercial vehicle despatches in March rose to the highest level since March 2023, but the year-on-year growth rate slowed to the lowest in the last five months, according to a notice by the company to the stock exchanges Wednesday.
Tata Motors sold 47,976 commercial vehicles in March, up almost 17% on year and nearly 12% on month. Wholesale sales of commercial vehicles in the domestic market grew 18% on year and 12% on month to 45,825 units in March. Tata Motors exported 2,151 units in March, down 4% on year but up 5% on month.In March, the monthly double-digit YoY sales

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