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Lumic translates complex financial news into plain English — so every Indian professional can understand what is happening with the economy and what it means for their money.
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Insights
Gold Imports Drop Sharply After India Raises Import Duty.
- Monthly gold imports fell to 25–30 tonnes from 70–100 tonnes after duty increase.
- Higher import costs have encouraged consumers to recycle old gold jewellery instead.
- Effective gold import duty jumped to 15% from 6%, reducing overseas purchases.
Insights
Accenture Warning Triggers IT Rout, Investors Lose Rs 2 Trillion
- Nearly Rs 2 trillion in investor wealth was erased as technology shares fell broadly.
- TCS, Infosys, HCLTech, Wipro and Tech Mahindra declined as demand concerns intensified.
- Accenture's cautious outlook triggered a sharp selloff across Indian IT stocks on Friday.
Insights
JD Vance Backs Iran Deal, Urges Israel to Avoid Escalation.
- JD Vance defended the US-Iran agreement despite strong opposition from Israeli leaders.
- Vance warned that military operations alone cannot deliver lasting national security.
- Comments reveal widening US-Israel differences over handling Iran and regional stability.
Insights
Apple Signals Product Price Hikes as AI-Driven Chip Shortage Pushes Costs
- Apple may raise product prices as memory and storage chip costs continue surging.
- AI data center demand is tightening chip supply and pressuring consumer electronics.
- Apple says absorbing higher component costs is becoming increasingly unsustainable.
Insights
US-Iran Peace Deal Reopens Hormuz, Sparks Hopes for Global Energy Stability
- US-Iran ceasefire pact restores Hormuz shipping, easing risks to global oil supplies.
- US plans sanctions relief and oil export waivers, boosting Iran's economic outlook.
- 60-day talks target nuclear, security and trade issues under UN-backed framework.
Insights
Coforge Aims to Double Revenue to $5 Billion by 2030 on AI and Deals
- Coforge targets doubling revenue to $5 billion by 2030 from current $2.4 billion via AI and deals
- Company plans growth via large deal wins AI investments acquisitions and expansion in healthcare GCC
- Coforge ranks seventh in Indian IT at $1.8 billion organic revenue aiming to close gap with LTIM
Insights
Jio Set to File Draft IPO Papers for $4 Billion Listing Within Days
- Reliance Jio may file draft IPO papers within days ahead of Mukesh Ambani annual shareholder speech
- Jio IPO expected to raise $4 billion making it one of the largest public listings in Indian history
- Filing timing ahead of Ambani shareholder speech suggests official announcement could come Friday
Insights
Sarvam AI Turns Unicorn After Raising $234 Million with HCLTech as Lead
- Sarvam AI raises $234 million in Series B becoming India's latest unicorn in the sovereign AI space
- HCLTech acquires 10.46% stake for Rs 1427 crore emerging as lead strategic investor in Sarvam AI
- Sarvam joins Krutrim as only two Indian AI startups to achieve unicorn status in the country so far
From the blog
Guides & explainers
Long-form reads on markets, tax, and investing.
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Learn practical strategies to filter market noise and concentrate on factors that truly impact your investment portfolio for bette
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