The Times of India - Business (6 minutes ago)
Indian market regulator SEBI has barred Jane Street from domestic markets, demanding the surrender of ₹4,843.57 crore in unlawful profits. The firm is accused of index manipulation during expiry days to gain in index options. Despite warnings from NSE, Jane Street allegedly resumed manipulative trading practices, leading to SEBI's intervention to...
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Microsoft says it is cutting thousands of jobs in its second round of mass layoffs in recent months. While it is unclear whether or not any Canadian jobs will be lost, the union representing 120 gaming industry workers employed by Microsoft in Quebec says it's likely the cuts will mostly impact U.S. workers.
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Stock market recommendations: Bajaj Broking Research suggests a positive outlook for the Nifty and Bank Nifty, anticipating potential gains. They recommend buying UPL between Rs 670-690, targeting Rs 747, and Chennai Petroleum Corporation in the range of Rs 700-720, with a target of Rs 787.
ReadThe Times of India - Business (5 hours ago)
India's IPO market is regaining momentum, fueled by HDB Financial Services' successful debut and easing geopolitical tensions. Startups like Meesho are leading the charge, with several others, including Pine Labs and Lenskart, preparing to file. Experts predict primary market fundraising could reach $2.4 billion in July.
ReadThe Times of India - Business (5 hours ago)
India's service sector surged to a 10-month high in June, fueled by increased new orders and robust overseas demand, particularly from Asian, West Asian, and US markets. This expansion led to job creation for the 37th consecutive month, although the pace slowed slightly from May.
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BlackRock Investment Institute highlights India's growing importance in global investments, driven by demographic shifts, digitalization, and supply chain changes. While neutral on short-term Indian stocks, they recommend above-benchmark allocations for long-term portfolios. India's stable policies and rising demand attract investors, making its...
ReadThe Times of India - Business (5 hours ago)
Reliance Retail Ventures is set to acquire a minority stake in FaceGym, a UK-based facial workout brand, marking its entry into the Indian market. Over the next five years, Reliance plans to establish FaceGym's presence through standalone studios and curated spaces within select Tira stores.
ReadThe Times of India - Business (5 hours ago)
The IT industry is seeing a significant increase in moonlighting-related background checks due to low salary increases and job market uncertainty. Verification firms are flagging more cases of overlapping employment, particularly in the IT services sector, as remote work makes it easier for professionals to take on additional roles.
ReadThe Times of India - Business (6 hours ago)
Gen Z's preference for convenient formats like gummies and effervescent powders, coupled with rising health awareness, is driving substantial growth in India's consumer healthcare market. Companies like Haleon India, Dabur, and Rasna are investing heavily in innovation to capitalize on these emerging trends. This includes focusing on affordable...
ReadCBC - Business (10 hours ago)
A long-awaited liquified natural gas (LNG) export facility in Kitimat, B.C., is up and running and there are several more projects in various stages of development. Global appetite for LNG is on the rise, but some caution Canada faces significant challenges in becoming a significant industry player.
ReadCBC - Business (11 hours ago)
Superior Court Justice Donald Bisson limited the class action to Quebec residents because the case hinges on that province's consumer protection laws. In 2024, hundreds of thousands of customers were told via email they had won a boat, Montreal-based firm LPC Avocats says, in what Tim Hortons has called a technical error.
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Bumble says it plans to lay off about a third of its workforce, amounting to about 240 employees. It's the latest heartbreaking blow to online platforms offering dating apps, prompting questions about whether it's the end of the road for this mode of meeting people.
ReadThe Times of India - Business (12 hours ago)
Radhakishan Damani's investment in National Stock Exchange is proving highly profitable. As NSE prepares for its IPO, Damani's stake is valued at approximately Rs 9,300 crore. This makes NSE his second-largest holding after Avenue Supermarts. The IPO is expected to significantly boost Damani's net worth. NSE received SEBI approval for its DRHP.
ReadThe Times of India - Business (12 hours ago)
Indeed's PayMap survey reveals that IT and ITeS sectors lead in salary growth, driven by demand for digital and AI skills. While product and project management roles offer the highest pay, UI/UX designers are catching up. Tier-2 cities like Hyderabad and Chennai are emerging as salary hotspots, offering better cost-of-living value despite...
ReadThe Times of India - Business (12 hours ago)
Moody's Ratings suggests India could benefit from shifting trade dynamics as the US imposes tariffs on other Asia-Pacific nations. Unlike Vietnam and Cambodia, India may face lower tariffs, attracting investment and strengthening its position as a manufacturing hub. FTAs with the UK and potential deals with the EU could further boost India's...
ReadThe Times of India - Business (13 hours ago)
China's mineral export restrictions pose a challenge to India's industries. Global Trade Research Initiative urges India to reduce dependence on China. They suggest reverse-engineering and local production. Restrictions impact electronics, defense, and clean energy sectors. Trade deficit with China has surged. Chinese firms dominate key Indian...
ReadThe Times of India - Business (13 hours ago)
After a significant surge, gold prices face potential headwinds as analysts from Citi, BMI, and Motilal Oswal express caution. Shifting macroeconomic conditions, including potential Fed rate cuts and stronger global growth, could diminish gold's safe-haven appeal. While geopolitical risks persist, a stronger dollar and higher bond yields may...
ReadThe Times of India - Business (14 hours ago)
India's quick commerce sector is rapidly expanding in metros, but faces hurdles in non-metro cities due to weak demand, low digital adoption, and strong local shopping habits. While the sector has grown significantly, non-metros contribute a small portion of GMV, highlighting the challenges of building profitable businesses in these areas.
ReadThe Times of India - Business (14 hours ago)
India's defence sector has surged, outperforming all others with a 34.82% return in six months, driven by government support and strong order visibility. PSUs like HAL and BEL lead the rally, fueled by 'Make in India' initiatives and geopolitical tensions. While defence funds see gains, experts caution against chasing momentum due to potential...
ReadThe Times of India - Business (14 hours ago)
China's dominance in rare earth metals poses challenges for India, which seeks to establish a domestic production chain. Despite holding 6% of global deposits, India's output remains low due to technical and economic hurdles. Government initiatives and international collaborations aim to reduce reliance on China, but significant investment and...
ReadThe Times of India - Business (16 hours ago)
Nykaa's shares experienced a dip following a significant block deal. Early investors Harindarpal Singh Banga and Indra Banga planned to sell part of their holdings. The transaction involved approximately 6 crore shares. Global investment banks oversaw the sale. Nykaa is aiming for its fashion segment to break even by FY26.
ReadThe Times of India - Business (16 hours ago)
US stocks edged higher, with the S&P 500 reaching a new high, as strong jobs data tempered expectations for a July rate cut by the Federal Reserve, causing Treasury yields to surge. The market rally followed a surprisingly robust US jobs report, leading investors to reassess the likelihood of an imminent rate cut.
ReadThe Times of India - Business (16 hours ago)
The Confederation of Indian Industry (CII) advocates for a comprehensive revamp of India's critical minerals policy, pushing for automatic mining rights for Exploration Licence holders. They also propose viability gap funding and FTA provisions to secure mineral supply chains. CII projects India's economy to grow at 6.4–6.7% by 2027, emphasizing...
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