The Reserve Bank of India (RBI) received bids worth Rs 1.87 trillion against the notified amount of Rs 40,000 crore at the Open Market Operation (OMO) purchase auction on Thursday. The cut-off price on the bonds scheduled was set below the secondary market price because of high demand, said market participants.

Rajasthan Deputy Chief Minister Diya Kumari on Wednesday presented the Budget for the financial year 2025-26 and announced that the government is committed to make the state a $350 billion economy.

Kumari, who also holds the finance portfolio, said the state government has delivered 58 per cent of its promises made in the election manifesto and has fulfilled 73 per cent of the previous Budget announcements.

US President Donald Trump on Tuesday launched a scathing attack on Ukrainian President Volodymyr Zelenskyy, blaming him for the ongoing Ukraine war and calling him a "grossly incompetent" leader and a poor negotiator.

Trump's remarks came after Zelenskyy expressed frustration over Ukraine’s exclusion from the US-Russia peace talks in Riyadh, which aimed at discussing ways to end the war.

Tesla CEO and DOGE Head, Elon Musk, opened up on the delay in the implementation of the executive orders signed by US President Donald Trump, blaming the US bureaucracy for it and said they are "fighting against the will of the people". He further elaborated on to how the Department of Government Efficiency (DOGE) is working to make sure that the executive orders are implemented thereby making way for democracy over bureaucracy.

Rail Vikas Nigam (RVNL) shares jumped 6.1 per cent in trade on Wednesday (February 19, 2025), and logged an intraday high at Rs 354.25 per share on BSE. The buying on the counter came after the company received a letter of acceptance from Rail Infrastructure Development Company (Karnataka).

Ola Electric, India's largest electric scooter maker, on Wednesday announced it is renegotiating contracts with its vehicle registration agencies- a period during which actual sales will not be impacted but the registration numbers showing on the government's VAHAN portal may see a temporary blip.

In a stock exchange filing, Ola said it is discussing revising existing agreements with Rosmerta Digital Services Private Ltd and Shimnit India Private Ltd as part of a sales overhaul.

The ongoing correction in the equity market has weighed heavily on state-owned life insurer, Life Insurance Corporation of India (LIC), which has seen the total value of stocks held by it dip around Rs 84,000 crore in the past one-and-half months.

As of the December 2024 quarter, the value of LIC's holdings in listed companies stood at Rs 14.72 trillion.

The market correction in India since the last few months has seen shares of listed stock brokers on the National stock Exchange (NSE) tumble up to 70 per cent at the bourses.

While the Nifty 50 index has lost 9 per cent since September 18, 2024, scrips of most listed stock brokers, too, have felt the heat with counters such as TruCap Finance, Geojit Financial Services, 5Paisa Capital, Prime Securities.

India's first privately manufactured Polar Satellite Launch Vehicle (PSLV), being jointly developed by HAL and L&T, will carry a technology demonstration satellite (TDS-1) to test up to 35 new Indigenous technologies.

In an interview with the Times of India (TOI), Isro chairman V Narayanan revealed that the first privately manufactured PSLV is scheduled to launch in the third quarter of this year.

The US Department of Government Efficiency (DOGE), headed by billionaire Elon Musk, has yet again sparked controversy by claiming to have revoked $21 million in US funds originally designated to "boost voter participation" in India.

The statement has provoked sharp reactions, with Sanjeev Sanyal, a member of the Economic Advisory Council to PM Modi, criticising the USAID agency as the “biggest scam in human history”.

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