The Times of India - Business (An hour ago)
SEBI is actively exploring solutions for the long-delayed NSE IPO, forming a committee to address outstanding issues. NSE has been directed to resolve all IPO-related concerns promptly. The regulator emphasized its commitment to prioritizing public interest over commercial gains, particularly for institutions with both social and profit motives,...
ReadThe Times of India - Business (An hour ago)
BluSmart, an electric cab aggregator, has extended its refund timeline for wallet balances to 90 days due to a temporary halt in ride bookings. This decision follows a Sebi probe into Gensol Engineering, linked to BluSmart's promoters, regarding alleged loan diversions.
ReadThe Times of India - Business (An hour ago)
Fitch Ratings has lowered India's GDP growth forecast for the current fiscal year by 0.1% to 6.4%, citing concerns over the escalating global trade war. The agency also reduced global growth projections and anticipates weaker growth in China and the US. Despite this, India's growth for fiscal year 2026-27 is maintained at 6.3%.
ReadThe Times of India - Business (An hour ago)
Gensol Engineering faces further turmoil as two more independent directors, Harsh Singh and Kuljit Singh Popli, resign amidst allegations of fund misuse. This follows Arun Menon's resignation, who cited concerns about the company's increasing debt burden to finance capital expenditures for other ventures and its ability to manage the associated...
ReadThe Times of India - Business (An hour ago)
US stocks experienced mixed performance as investors analyzed recent earnings reports amidst President Trump's tariff policies and criticism of the central bank. The Dow Jones Industrial Average declined, while the S&P 500 and Nasdaq saw slight fluctuations. Upcoming tariff negotiations with numerous countries will be a key area of focus for...
ReadThe Times of India - Business (2 hours ago)
Despite Wall Street's turmoil fueled by trade war anxieties and cautious Fed remarks, Indian stock markets witnessed a significant rally. Banking and financial stocks, along with Reliance Industries, spearheaded the surge, reversing an early decline. Positive monsoon forecasts and easing inflation ignited hopes for RBI rate cuts, attracting...
ReadThe Times of India - Business (2 hours ago)
Infosys projects a modest 0-3% revenue growth for 2025-26, citing macroeconomic uncertainties and cautious client spending. This marks one of the company's weakest forecasts in over a decade, excluding pandemic-related suspensions. While revenue growth fell short of projections in 2024-25, Infosys retains its margin guidance of 20-22% amidst client...
ReadThe Times of India - Business (2 hours ago)
Gautam Adani plans to transfer ownership of an Australian port terminal to Adani Ports for $2 billion through a preferential share issuance. Carmichael Rail and Port Singapore Holdings will acquire a 6.2% stake, increasing the promoter shareholding in Adani Ports to 68%. The North Queensland Export Terminal, with a 50 million tonne capacity, offers...
ReadThe Times of India - Business (2 hours ago)
The rupee experienced its strongest weekly gain in a month, closing at 85.37 against the dollar, driven by increased foreign portfolio inflows into Indian equities. A persistently weak dollar and bullish sentiment towards emerging Asian currencies, including the rupee, further contributed to the currency's rise. Markets were closed on Friday for...
ReadThe Times of India - Business (2 hours ago)
Indian education loan companies are facing challenges due to the Trump administration's immigration policies, impacting US loan disbursements. Lenders are tightening assessment checks amid concerns about repayment abilities, leading to a decrease in US loan applications. InCred Finance reports a halving of US loan inquiries.
ReadThe Times of India - Business (2 hours ago)
Finance Minister Nirmala Sitharaman acknowledged global trade recalibrations as worrisome, emphasizing India's policy agility to navigate disruptions. Despite risks from tariff wars, India's resilient economy, bolstered by infrastructure development and inclusive growth, is poised to weather the storm. Sitharaman highlighted India's policy...
ReadThe Times of India - Business (10 hours ago)
Indian stock markets, including NSE and BSE, will be closed on April 18, 2025, for Good Friday. Trading will be suspended across all segments, encompassing equities, derivatives, and the SLB platform. The MCX will also remain shut, affecting commodity trading. Regular trading activities will resume on Monday, April 21. Good Friday is among the 14...
ReadThe Times of India - Business (11 hours ago)
ITC Ltd is set to acquire Sresta Natural Bioproducts, the company behind 24 Mantra Organic, for Rs 472.50 crore. This acquisition will strengthen ITC's presence in the rapidly growing organic packaged foods market, both in India and internationally. The deal aligns with ITC's 'ITC Next' strategy, focusing on health and wellness products.
ReadThe Hindu - Business (12 hours ago)
IMF Managing Director Kristalina Georgieva said that the U.S. administration's recent global tariffs and unpredictable policy stance have increased economic risks, particularly for low- and middle-income countries, potentially exacerbating existing debt crises
ReadThe Times of India - Business (13 hours ago)
IMF head Kristalina Georgieva says a global recession is unlikely. This is despite trade tensions sparked by US tariffs. However, these trade disruptions will cost significantly. The IMF expects markdowns to global growth. Georgieva urges countries to adjust fiscal policy. She also wants central bank independence. China should boost domestic...
ReadThe Times of India - Business (13 hours ago)
Nothing Before Coffee (NBC), an Indian cafe chain focusing on Tier-II and Tier-III cities, has secured $2.3 million in Pre-Series A funding led by Prath Ventures and SYL Investments. The company plans to use the capital to expand its store presence, optimize its supply chain, and explore new store formats.
ReadThe Times of India - Business (13 hours ago)
CEAT is actively pursuing diversity, equity, and inclusion, aiming for 25% gender diversity on the shop floor and 20% in leadership by 2027, surpassing the industry average. The company is exploring talent from diverse backgrounds and has implemented progressive policies like work-from-anywhere options and menstrual wellness leave. CEAT also...
ReadThe Times of India - Business (13 hours ago)
UnitedHealth Group shares saw a big drop. The company lowered its 2025 earnings prediction. This was due to higher medical costs in its Medicare plans. Other health insurance companies like Elevance and CVS Health also experienced declines. Hospital companies like HCA Healthcare, however, saw gains. The health insurance sector faces increasing...
ReadThe Times of India - Business (15 hours ago)
Gold prices in Delhi hit a record high, reaching Rs 98,170 per 10 grams. This surge followed firm global cues. Silver prices, however, saw a sharp decline. Globally, gold initially peaked but later trimmed gains. Investors are now watching US economic data and the European Central Bank's policy decision amid trade concerns.
ReadThe Times of India - Business (15 hours ago)
US stocks displayed a mixed performance as tech and growth stocks saw a cautious return, while healthcare sector weakness impacted the Dow. Global markets reacted to potential ECB rate cuts and escalating tensions between President Trump and the Federal Reserve. Asian markets closed higher, contrasting with declines in European indices amid ongoing...
ReadThe Hindu - Business (16 hours ago)
The Enforcement Directorate on April 16 searched the premises of online travel booking portal EaseMyTrip's co-founder Nishant Pitti as part of fresh multi-state raids in the Mahadev online betting app linked money laundering case, officials said.
ReadThe Times of India - Business (17 hours ago)
NITI Aayog CEO B V R Subrahmanyam projects India to surpass Germany and Japan, becoming the world's third-largest economy within three years. He envisions India potentially reaching the second position globally by 2047, with a USD 30 trillion economy. Subrahmanyam emphasized India's demographic advantage as a stable supplier of working-age...
ReadThe Times of India - Business (17 hours ago)
Infosys reported an 11.7% year-on-year drop in net profit for the March quarter, landing at Rs 7,033 crore, despite surpassing its full-year revenue guidance. While annual revenue increased by 6.06% to Rs 1,62,990 crore, the company projects a revenue growth of 0-3% for FY26. The board has proposed a final dividend of Rs 22 per share.
ReadThe Times of India - Business (18 hours ago)
Escalating US-China tensions could force US investors to divest $800 billion in Chinese equities, causing market volatility. India, with minimal trade exposure to the US, emerges as a potential manufacturing alternative, attracting foreign investment and benefiting from companies seeking to de-risk amid the trade war, despite facing structural...
ReadThe Times of India - Business (18 hours ago)
Indian benchmark indices surged for the fourth consecutive session, with the Sensex soaring over 1,500 points and the Nifty50 closing above 23,850. The rally was fueled by strong buying in financial stocks, driven by positive sentiment from US-Japan trade talks and weakening dollar.
ReadThe Times of India - Business (18 hours ago)
Indian markets experienced a downturn on Thursday, ending a week-long upward trend, with Sensex and Nifty plunging in early trade. This decline occurred despite positive closes on Wednesday. The downturn contrasts with gains in most Asian markets, which were influenced by US-Japan trade talks.
ReadThe Times of India - Business (20 hours ago)
Amidst US trade tensions, Chinese firms like Shanghai Highly and Haier are showing increased flexibility towards Indian regulations, now accepting minority ownership in joint ventures. This shift is driven by potential exclusion from the US market and India's attractive manufacturing incentives. India's stable environment and tariff advantages are...
ReadThe Times of India - Business (20 hours ago)
Donald Trump has slapped up to 245% tariffs on China. China says it is not afraid of a trade war. China wants dialogue based on equality. But China faces economic challenges. Exports power China's economy. China's domestic market is weak. The Communist Party's legitimacy is at stake. Trump's trade policy is easier to escalate. Both Trump and Xi...
ReadThe Times of India - Business (22 hours ago)
Ashneer Grover, BharatPe's co-founder, claims to be a 'victim' after SEBI's action against Gensol Engineering and BluSmart's operational halt. Grover invested ₹1.5 crore in BluSmart and ₹25 lakh in Matrix. He clarified he has no operational role and offered to reveal his financial details to prove legitimacy.
ReadThe Times of India - Business (A day ago)
Wall Street experienced a sell-off triggered by Jerome Powell's remarks on potential tariff impacts and Nvidia's export concerns. Powell's warning about tariffs causing inflation and complicating economic management fueled market unease. Asian-Pacific markets diverged, showing gains despite Wall Street's decline, with central bank decisions...
ReadThe Hindu - Business (A day ago)
The most unexpected development following the launch of Trump's trade war has been China's retaliation. Its long-term strategy of hedging against risk, from the actions of an aggressive trade partner, has enabled the country to counter one of the worst trade-related escalations in modern history
ReadThe Times of India - Business (A day ago)
Sebi's investigation reveals Gensol Engineering promoters, Anmol and Puneet Jaggi, diverted company funds for personal enrichment, including luxury purchases and stock manipulation. They misused loans, forged documents, and misled regulators. Funds were used to buy a luxury flat and inflate Gensol's stock price through artificial trading.
ReadThe Times of India - Business (A day ago)
Federal Reserve Chair Jerome Powell cautioned that President Trump's tariffs could fuel inflation and hinder economic growth, creating a dilemma for the Fed's dual mandate. Markets reacted negatively, with stocks falling as investors perceived Powell's stance as more hawkish than anticipated. The Fed is currently in a wait-and-see mode, navigating...
ReadThe Times of India - Business (A day ago)
Top stock market recommendations: Nuvama Professional Clients Group's Aakash K Hindocha recommends buying IRCTC, Jubilant FoodWorks, and Shree Cement. Nifty is poised for a buy-on-dip strategy targeting 24000, while Bank Nifty may consolidate after outperforming.
ReadThe Times of India - Business (A day ago)
Jefferies is bearish on Mahanagar Gas due to reduced APM gas allocation, while Nuvama cuts ICICI Lombard's target despite premium growth. Nomura is bullish on Aditya Birla Real Estate, citing strong pre-sales. Investec upgrades Eicher Motors on Royal Enfield's rebound, while Morgan Stanley maintains an 'equal weight' rating on IndusInd Bank,...
ReadThe Times of India - Business (A day ago)
Wipro's performance was impacted by market uncertainties, leading to a cautious approach from clients despite a strong demand for transformation projects. The company's Q4 results disappointed investors, causing a stock price decline. CEO Srini Pallia noted that clients are prioritizing cost reduction and AI-led efficiency amid the uncertain macro...
ReadThe Times of India - Business (A day ago)
India's trade dynamics reveal a shifting landscape, with the US emerging as a key partner, marked by increased exports and a growing trade surplus. Conversely, the trade deficit with China has widened significantly due to decreased exports, particularly in ore, and a surge in imports. This reflects changing global trade patterns and India's...
ReadThe Times of India - Business (A day ago)
ArcelorMittal Nippon Steel (AM-NS) plans to invest $30 billion in India over the next decade, aiming to increase its steel production capacity to 40 MTPA. The company sees significant growth potential due to India's lower per capita steel consumption compared to other major economies. Despite global trade uncertainties, AM-NS remains optimistic...
ReadThe Times of India - Business (A day ago)
Sebi's investigation reveals Gensol Engineering promoters, Anmol and Puneet Jaggi, diverted company funds for personal enrichment, including luxury purchases and stock manipulation. They misused loans, forged documents, and misled regulators. Funds were used to buy a luxury flat and inflate Gensol's stock price through artificial trading.
ReadThe Times of India - Business (A day ago)
Amid escalating US-China trade tensions, gold prices have surged to unprecedented levels, exceeding $3,300 per ounce internationally and nearing Rs 1 lakh per 10 grams in India. This surge, driven by safe-haven demand, has dampened consumer appetite, with gold selling at a discount.
ReadThe Times of India - Business (A day ago)
Indian stock markets experienced a third consecutive day of gains, with the Sensex climbing 0.4% and the Nifty rising 0.5%. Investor confidence was bolstered by positive local factors, including expectations of a strong monsoon and potential interest rate cuts. Bank stocks led the rally, fueled by a drop in retail inflation to a five-year low,...
ReadThe Times of India - Business (A day ago)
Federal Reserve Chair Jerome Powell announced a hold on interest rate changes, awaiting clarity on President Trump's economic policies. Uncertainty surrounds immigration, tax policy, regulation, and trade tariffs. While tariffs are expected to cause short-lived inflation and slower growth, opinions diverge among Fed officials. Some, like Waller,...
ReadThe Times of India - Business (2 days ago)
Wipro announced a rise in net profit for the March quarter. The IT giant's profit increased by 25.9 percent. However, the company anticipates a revenue decline in the upcoming quarter. This forecast reflects global economic uncertainties. Despite challenges, Wipro secured large deals and improved client satisfaction. The company's employee count...
ReadThe Times of India - Business (2 days ago)
Amidst the trade tensions between the US and China, India emerges as a key player. Companies like Apple are shifting production to India. This shift is due to tariffs and India's conciliatory trade stance. The Indian government is providing incentives to boost manufacturing. While challenges remain, India is well-positioned to benefit from the...
ReadThe Times of India - Business (2 days ago)
Gold prices have soared to unprecedented levels, reaching Rs 98,100 per 10 grams in the national capital, fueled by escalating trade tensions between the US and China. This surge is further supported by a weakened US dollar and positive outlooks from major banks, citing inflows into gold-backed ETFs and sustained central bank buying.
ReadThe Times of India - Business (2 days ago)
Google suspended 2.9 million advertiser accounts and removed 247.4 million ads in India in 2024 due to policy violations. Globally, over 39.2 million accounts were suspended and 5.1 billion ads were taken down. The company implemented over 50 improvements to its LLMs and suspended 700,000 accounts, leading to a 90% drop in scam ad reports.
ReadThe Times of India - Business (2 days ago)
Hongkong Post has suspended shipping services to the United States in response to increased tariffs imposed by President Trump, which they deem "bullying." The postal authority will no longer collect US tariffs and will halt surface mail immediately, with air mail services ceasing on April 27.
ReadThe Times of India - Business (2 days ago)
Nvidia is set to manufacture up to $500 billion in AI infrastructure within the US over the next four years through strategic partnerships. Production of their Blackwell AI chip has commenced at TSMC's Phoenix facility. This initiative marks the first instance of AI supercomputer production in the United States, a move attributed to tariffs by...
ReadThe Times of India - Business (2 days ago)
Investor sentiment surged on Dalal Street as global tariff concerns eased, propelling the Sensex up by 1,578 points and making India the first major market to recover post-April 2 losses. The rally was fueled by deferred tariffs, potential trade negotiations, and a strengthening rupee, attracting foreign investors back into the Indian stock market.
ReadThe Times of India - Business (2 days ago)
IndusInd Bank disclosed that an external review quantified the impact of discrepancies in its derivatives portfolio, resulting in a Rs 1,979 crore hit to its net worth as of June 2024. This translates to a 2.27% reduction by December 2024. Following initial reports of derivative losses, the bank's stock experienced significant volatility, although...
ReadThe Times of India - Business (2 days ago)
India's goods exports marginally increased to $437.4 billion in 2024-25, possibly influenced by anticipatory shipments before potential US tariffs. Despite global challenges, total goods and services exports rose by 6% to $820 billion, with non-oil exports reaching a record $374 billion. Engineering and electronics exports saw significant growth,...
ReadThe Times of India - Business (2 days ago)
Tata Pension Management erroneously listed Divinion Advisory Services, owned by the family of Tata Sons executive Suprakash Mukhopadhyay, as a Tata group company in August 2022. While the error was corrected in subsequent disclosures, Mukhopadhyay's connection to Divinion, including CSR contributions and solicitation of investments, raises...
ReadThe Times of India - Business (2 days ago)
India's retail inflation hit a 5-year low of 3.3% in March, driven by significantly lower food prices. This development is expected to prompt the RBI to cut interest rates to bolster growth amid global economic uncertainties. Experts anticipate retail inflation to remain stable, although geopolitical tensions and weather events require monitoring.
ReadThe Times of India - Business (2 days ago)
Indian stock markets rebounded strongly after a long weekend. The NSE Nifty 50 index rose significantly in Mumbai. India has recovered losses from US tariffs. It is seen as a safe haven amid global market uncertainty. Strong domestic growth supports this. India may benefit from supply chain shifts away from China.
ReadThe Times of India - Business (2 days ago)
Stock market recommendations: Anand Rathi Shares and Stock Brokers' Mehul Kothari suggests buying Saregama and Jio Financial Services, citing bullish patterns and breakouts. Saregama shows strength above its 200 DEMA with an inverse head and shoulder pattern. Conversely, Power Grid is a sell due to exhaustion and resistance near its 200 DEMA,...
ReadThe Times of India - Business (3 days ago)
A US court directed Bank of America to pay $540.3 million to the Federal Deposit Insurance Corporation. This order was regarding underpaid deposit insurance assessments. The dispute was about payments from 2013 to 2014. The FDIC initially sued the bank for a larger sum. The judge dismissed some claims due to the delay.
ReadThe Times of India - Business (3 days ago)
India aims for a beneficial bilateral trade agreement with the United States, following the finalization of terms for the initial phase. Both nations seek to elevate bilateral trade to $500 billion by 2030, targeting completion of the first phase by year-end. Trade liberalization will address both tariff and non-tariff barriers.
ReadThe Times of India - Business (3 days ago)
Banking stocks rallied, leading market gains, fueled by anticipated interest rate cuts and positive investor sentiment. IndusInd Bank led the surge, followed by other private and public sector lenders. SBI's lending rate cut and deposit rate reductions across the sector are expected to boost loan demand and credit offtake.
ReadThe Times of India - Business (3 days ago)
US stocks opened higher, signaling market stabilization amidst trade tension volatility. Bond yields slightly decreased, and the dollar steadied after a recent slide. Bank stocks led gains, with Bank of America and Citigroup exceeding earnings expectations. However, Boeing shares dropped following reports of China halting aircraft deliveries,...
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