The Hindu - Business (An hour ago)
India and the U.K. have met several times to negotiate modalities of the deal since the initial conversation in January 2022. The latest took place in February this year between Commerce Minister Piyush Goyal and his British counterpart Jonathan Reynolds.
ReadThe Times of India - Business (2 hours ago)
Gold price prediction today: Gold prices are currently stable after recent fluctuations. Experts suggest watching key levels for potential buying or selling opportunities. A break above ₹96500 could signal a bullish trend. Conversely, dropping below ₹96100 might indicate a bearish phase.
ReadThe Times of India - Business (4 hours ago)
Analysts have adjusted their outlook on several companies. Investec lowered Punjab National Bank's target due to weak margins, while Morgan Stanley remains cautious on Dabur due to margin erosion and weak domestic revenue. Conversely, Citi is optimistic about MGL, raising its target price.
ReadThe Times of India - Business (12 hours ago)
Operation Sindoor impact on air travel: Following India's missile strikes, numerous airports across the country, particularly in the north and northwest, have suspended commercial flights until May 10. Airlines like IndiGo, Air India, SpiceJet, and Akasa Air have cancelled and rescheduled hundreds of flights. Enhanced security measures are in place...
ReadThe Times of India - Business (12 hours ago)
Global economic growth is slowing down. The United States and China may face economic deceleration. India is expected to grow faster than other countries. India's manufacturing sector is performing well. A good monsoon season is predicted, which may help the agricultural sector. Indian stock markets are showing strength. The Indian rupee is also...
ReadThe Times of India - Business (13 hours ago)
Tesla's India head has resigned after nine years, amidst preparations for the company's entry into the Indian market. Tesla's China team will now manage Indian operations, with no immediate replacement named. Despite this leadership change, Tesla is progressing with its India launch plans, securing retail locations and posting job openings,...
ReadThe Times of India - Business (13 hours ago)
HDFC Bank will conduct scheduled maintenance on May 9 and 10, 2025, impacting key services like UPI, net banking, and card transactions. The maintenance is strategically timed during early morning hours to minimize customer inconvenience. Loan and demat services will also face temporary suspensions, and customers are advised to complete urgent...
ReadThe Times of India - Business (13 hours ago)
Despite escalating trade tensions and economic uncertainty, initial jobless claims unexpectedly fell, indicating resilience in the labor market. However, economists remain cautious due to tariff impacts and potential inflation. While employers hesitate to lay off workers, some trade-exposed businesses have initiated modest job cuts, and the median...
ReadThe Times of India - Business (13 hours ago)
India's agricultural exports have rebounded strongly, witnessing a 30% year-on-year growth, signaling a potential resurgence after a period of inconsistent performance. This surge, fueled by a record-breaking rabi season projecting 164.5 million tonnes of food grains, is driven by gains in rice and coarse cereals.
ReadThe Times of India - Business (14 hours ago)
US stocks rallied following a US-UK trade deal and hints of eased China tariffs, boosting market optimism and lifting the S&P 500, Dow, and Nasdaq. Strong corporate earnings from Axon Enterprise and Tapestry further fueled investor enthusiasm, while mixed international markets saw the FTSE 100 dip after a Bank of England rate cut.
ReadThe Times of India - Business (15 hours ago)
Prosus has significantly invested in India, exceeding $8.6 billion, as part of its strategy to build a leading lifestyle ecommerce ecosystem. The company's ecommerce segment surpassed expectations, achieving over $435 million in adjusted EBIT. With a focus on integrating recent acquisitions and driving AI innovation, Prosus aims for further...
ReadThe Times of India - Business (16 hours ago)
Warren Buffett, Berkshire Hathaway Chairman, will resign as CEO. Greg Abel will take over. Buffett made this announcement at the annual shareholder meeting. He will not sell his Berkshire stock. Buffett credits his late wife, Susan, for his success. He advises choosing the right life partner. His personal life, including his relationship with...
ReadThe Times of India - Business (16 hours ago)
Canara Bank's consolidated net profit surged 28% to Rs 5,070 crore in the March quarter, driven by reduced provisions and strong non-core income. For FY25, net profit rose to Rs 17,540 crore, despite a slight dip in NII due to margin compression. The bank aims for 10-11% loan growth in FY26 and further NPA reduction.
ReadThe Times of India - Business (18 hours ago)
The Indian rupee plummeted to 85.61 against the US dollar due to escalating geopolitical tensions with Pakistan, compounded by a strong US dollar and rising crude oil prices. Pakistan's military actions and India's retaliatory strikes in PoK heightened risk aversion, impacting domestic markets. Despite FII inflows, the rupee faces continued...
ReadThe Times of India - Business (18 hours ago)
The Bank of England has reduced interest rates to 4.25 percent. This decision follows worries about a global economic slowdown. The slowdown is due to trade policies. These policies are from the Trump administration. A US-UK trade deal is expected. Economists think the rate cut will protect against external demand shocks. Other central banks are...
ReadThe Times of India - Business (19 hours ago)
The US Federal Reserve has maintained steady interest rates, remaining in the 4.25-4.5% range. However, the central bank highlighted increased risks of both higher inflation and unemployment, further complicating the economic outlook. The Fed acknowledged the impact of the Trump administration's tariff policies.
ReadThe Times of India - Business (20 hours ago)
OpenAI has appointed Fidji Simo, the current CEO of Instacart, as its new CEO of applications. This strategic move will allow Sam Altman, OpenAI's CEO, to concentrate more on research, computation, and safety. Simo, with her extensive background at Meta and Instacart, will focus on scaling OpenAI's traditional functions and ensuring the technology...
ReadThe Times of India - Business (20 hours ago)
Air India is offering full refunds and waived rescheduling fees for defence personnel with tickets up to May 31, 2025, due to airspace disruptions from ongoing military operations. Since Wednesday, approximately 140 Air India and Air India Express flights have been cancelled.
ReadThe Times of India - Business (20 hours ago)
Following the announcement of 'Operation Sindoor,' targeting terrorist facilities, multiple entities, including Reliance Industries Ltd (RIL), applied for its trademark. RIL has now withdrawn its application, stating it was filed inadvertently and without authorization.
ReadThe Times of India - Business (20 hours ago)
Operation Sindoor impact on stock market today: The NSE Nifty settled at 24,273.80, decreasing by 140.60 points or 0.58 per cent, with an intraday low of 24,150.20. The 30-share index Sensex closed at 80,334.81, down by 411.97 points or 0.51 per cent.
ReadThe Times of India - Business (21 hours ago)
Asian and European markets experienced gains amid anticipation for US-China trade talks. London saw a boost from reports of a potential trade deal with Britain, hinted at by Donald Trump. However, concerns linger regarding the impact of Trump's trade policies, with the Federal Reserve cautioning about potential inflation and economic slowdown.
ReadThe Times of India - Business (21 hours ago)
Home cooks saw some relief in April as thali preparation costs decreased compared to last year, driven by lower vegetable prices. While vegetarian thalis benefited from cheaper tomatoes, potatoes, and onions, non-vegetarian options were aided by a drop in broiler chicken prices. However, consumers still faced higher costs for cooking oil and LPG.
ReadThe Times of India - Business (22 hours ago)
Following India's missile strikes on terrorist facilities, the Pakistan stock market, KSE 100, plummeted over 6%, halting trading. This crash, exacerbated by Operation Sindoor and previous economic measures by India, highlights Pakistan's economic fragility.
ReadThe Times of India - Business (23 hours ago)
S&P Global Ratings warns that the India-Pakistan conflict elevates credit risks for both nations, potentially weakening sovereign credit support if tensions escalate. While maintaining India's 'BBB-' rating with a positive outlook and Pakistan's 'CCC+' with a stable outlook, S&P anticipates continued high tensions.
ReadThe Times of India - Business (A day ago)
US President Donald Trump is set to unveil a significant trade agreement today with a nation speculated to be Britain. This move occurs amidst global economic concerns, as the Bank of England anticipates cutting interest rates. Britain, actively pursuing new partnerships post-Brexit, recently secured a trade deal with India.
ReadThe Times of India - Business (A day ago)
Gold and silver price prediction: MCX Gold exhibits a strong bullish trend, poised to retest its all-time high near ₹99,700, supported by global uncertainties and central bank demand. MCX Silver demonstrates resilience, bouncing from a key Fibonacci retracement level, and is likely to surpass its previous swing high of 98,800, potentially...
ReadThe Times of India - Business (A day ago)
The Bank of England is widely anticipated to cut its key interest rate to 4.25% amidst concerns over potential economic fallout from US tariffs. This decision, expected today, follows similar moves by the European Central Bank. Markets are keenly observing the central bank's communication for hints of further rate reductions.
ReadThe Times of India - Business (A day ago)
Top stock market recommendations: Aakash K Hindocha suggests a shift to a sideways stance on Nifty, citing geopolitical factors and a tired rally. He recommends 'BUY' for Ambuja Cements, Jubilant FoodWorks, and SBI Cards, highlighting technical indicators and potential upside.
ReadThe Times of India - Business (A day ago)
In response to a surge in cyberattacks following the Pahalgam killings, the NSE and BSE have restricted website access from abroad. Millions of cyberattacks were detected in recent days, prompting the exchanges to whitelist specific client IP addresses for continued access. This limited access protocol, however, does not impede trading by foreign...
ReadThe Times of India - Business (A day ago)
The trade deal between India and the UK introduces a more relaxed visa system, benefiting Indian tech professionals and offering 1,800 annual visas for specific professions. Easier mobility rules and commitments for digitally delivered services are crucial aspects, alongside savings in social security contributions. India gains access for its...
ReadThe Times of India - Business (A day ago)
Despite an initial sharp decline triggered by India's Operation Sindoor, Dalal Street recovered, closing marginally higher. The Sensex and Nifty rebounded due to strong institutional buying, with foreign and domestic funds injecting significant capital. While geopolitical tensions persist, analysts anticipate continued market volatility with...
ReadThe Times of India - Business (A day ago)
Following India's Operation Sindoor, insurance companies are experiencing a surge in inquiries for war risk insurance. While cargo in transit can still be covered with additional premiums, underwriters are hesitant to provide war risk cover for landed property due to clauses excluding events proximate to war. Reinsurance treaties may be affected...
ReadThe Times of India - Business (A day ago)
Amid rising border tensions, companies like EYGDS, American Express, and Panasonic India have implemented safety measures. These include flexible work arrangements, travel advisories, and suspended transportation services. HDFC Life has advised vigilance and postponed off-site gatherings, while Cyient has activated business continuity plans. Cars24...
ReadThe Times of India - Business (A day ago)
Following the Supreme Court's rejection of JSW's acquisition of Bhushan Power & Steel due to irregularities, lenders, including Punjab National Bank, are set to decide on their next steps. PNB, having received approximately Rs 3,000 crore from the BPSL transaction, reported a significant jump in net profit, driven by business growth and recoveries....
ReadThe Times of India - Business (A day ago)
The Federal Reserve, under Jerome Powell, held steady the benchmark interest rate, amidst concerns about balancing maximum employment and controlling inflation near the 2% target. The Fed will closely monitor incoming data and evolving outlook while reducing its holdings of Treasury securities.
ReadThe Times of India - Business (2 days ago)
Stocks climbed on Wednesday, buoyed by China's economic support measures and anticipation for US-China trade talks. The S&P 500 and Dow saw gains, though tech stocks lagged. Disney's strong earnings boosted the market, while trade concerns and tariff impacts continue to weigh on investor sentiment and company forecasts, creating uncertainty despite...
ReadThe Times of India - Business (2 days ago)
The European Union is set to impose retaliatory tariffs on Boeing jets, escalating trade tensions with the US. This action counters existing US tariffs on European goods, including Airbus aircraft. EU Trade Commissioner Maros Sefcovic confirmed the planned countermeasures if negotiations fail. Aerospace leaders from both Boeing and Airbus advocate...
ReadThe Times of India - Business (2 days ago)
Following the Pahalgam terror attack and escalating tensions, Indian stock markets have shown resilience, with Nifty 50 and BSE Sensex rising. Conversely, Pakistan's stock market crashed, reflecting economic vulnerabilities and investor jitters.
ReadThe Times of India - Business (2 days ago)
Fintech platform Tide's global CEO Oliver Prill announced that India has surpassed the UK to become its largest market by customer count for SMEs. With nearly 7 lakh members, India's growth since 2022 has been significant. Tide India CEO Gurjodhpal Singh aims to cross 10 lakh members by year-end.
ReadThe Times of India - Business (2 days ago)
Alphabet Inc shares faced a sharp decline. Apple executive Eddy Cue cited growing AI competition. Google identified new malware LOSTKEYS linked to a Russian hacking group. The group targeted Western entities. Google partnered with Elementl Power to build nuclear plants. This will address energy demands from AI. The IEA forecasts a surge in data...
ReadThe Hindu - Business (2 days ago)
Electrical machinery, N-reactors, boilers & machinery, mineral fuels & oils, pearls, precious & semi-precious stones, pharma make up nearly half of what India exports to the U.K.; machinery, engineering goods to see strong growth with FTA in place
ReadThe Times of India - Business (2 days ago)
Routematic, a B2B ride services company, has secured $40 million in funding led by Fullerton Carbon Action Fund and Shift4Good. The company intends to utilize the funds to strengthen its business and accelerate its IPO plans. Routematic's AI-powered platform optimizes employee commutes across 23 Indian cities and plans to expand overseas and deepen...
ReadThe Times of India - Business (2 days ago)
India is set to save significantly on its crude oil and LNG import bill, potentially reaching Rs 1.8 lakh crore, due to declining global energy prices. While upstream oil companies may see reduced profits, OMCs are expected to maintain healthy margins. Lower LPG under-recovery and government compensation are expected to support the profitability of...
ReadThe Times of India - Business (2 days ago)
India's NSE and BSE have temporarily restricted website access for overseas users following a joint meeting where cyber threats were discussed. This precautionary measure, prompted by heightened geopolitical tensions and continuous monitoring of cyber traffic, aims to protect users and systems. Foreign investors' trading capabilities in Indian...
ReadThe Times of India - Business (2 days ago)
Gold prices in India surged past Rs 1 lakh per 10 grams, fueled by escalating India-Pakistan tensions following reported missile strikes on terrorist targets. The surge prompted investors to seek safe-haven assets. Silver prices also rose, while international spot gold declined due to easing global geopolitical concerns amid US-China trade talks.
ReadThe Times of India - Business (2 days ago)
Coal India Ltd. reported a 12% increase in net profit, reaching Rs 9,604.02 crore for the March quarter of FY25, driven by higher income. While total income rose to Rs 41,761.76 crore, expenses saw a marginal increase. Production in April 2025 remained nearly flat at 62.1 MT. For FY25, production reached 781.1 MT, falling short of the 838 MT...
ReadThe Times of India - Business (2 days ago)
HDFC Bank announces a decrease in its Marginal Cost of Funds-based Lending Rates. This reduction provides relief to borrowers with loans linked to MCLR. The MCLR has been lowered by up to 15 basis points on select loan tenures. The revised rates, effective May 7, 2025, range from 9.00% to 9.20%.
ReadThe Times of India - Business (2 days ago)
Following India's 'Operation Sindoor' against terrorist facilities in Pakistan and Pakistan-Occupied Kashmir, the rupee weakened by 45 paise, closing at 84.80 against the US dollar. The military action, involving missile strikes on terror targets, impacted the domestic currency's performance. Despite geopolitical tensions and rising crude oil...
ReadThe Times of India - Business (2 days ago)
Punjab National Bank (PNB) witnessed a significant surge in profitability, reporting a 52% increase in net profit to Rs 4,567 crore for the March quarter of FY25. The bank's asset quality improved, with gross NPAs declining to 3.95%. Bolstered by strong performance, the board recommended a dividend and approved raising up to Rs 8,000 crore through...
ReadThe Times of India - Business (2 days ago)
Jabil, an Apple supplier, intends to increase AirPods case production in India by utilizing a second facility in Tamil Nadu. This move aligns with Apple's strategy to diversify its supply chain and reduce reliance on China. Jabil is considering its Trichy facility to expand operations, potentially strengthening India's role in Apple's manufacturing...
ReadThe Times of India - Business (2 days ago)
Asian stock markets experienced a surge following the announcement of upcoming trade talks between China and the United States, raising hopes for de-escalation in the ongoing trade war. The Shanghai Composite and Hang Seng indices saw gains, while investors were further encouraged by China's monetary easing measures aimed at stimulating economic...
ReadThe Times of India - Business (2 days ago)
Global markets displayed mixed performance as investors awaited the US Federal Reserve's policy decision amid pressure to cut rates. Asian markets saw initial gains following China's stimulus measures and planned trade talks with the US, while European markets were mostly down. US stocks closed lower due to tariff-related uncertainty and...
ReadThe Times of India - Business (2 days ago)
China's central bank has implemented significant monetary easing measures, including interest rate cuts and a reduced reserve requirement for banks, in response to economic pressures. These pressures include renewed US tariffs and domestic weaknesses such as sluggish consumption and a struggling property sector.
ReadThe Times of India - Business (2 days ago)
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, swung between red and green on Wednesday. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, "What stands out in "Operation Sindoor” from the market perspective is its focused and non-escalatory nature.
ReadThe Times of India - Business (2 days ago)
Following India's Operation Sindoor targeting terror locations, Pakistan initially shut down its airspace for 48 hours, causing widespread flight disruptions and diversions. While restrictions were briefly lifted, Lahore's airspace faced another closure. Numerous international carriers rerouted flights.
ReadThe Times of India - Business (2 days ago)
Chinese exporters are finding ways to avoid US tariffs. They are using 'origin washing' tactics. This involves rerouting goods through Southeast Asian countries. Social media promotes these methods. Vietnam and Thailand are increasing inspections. They want to detect fake origin certificates. US law requires 'substantial transformation' for goods...
ReadThe Times of India - Business (2 days ago)
The India-UK Free Trade Agreement is set to significantly benefit India's textile sector. Industry leaders anticipate increased exports and a stronger presence in the UK market. The agreement will create new opportunities for exporters and boost employment. Reduced tariffs are expected to drive demand for Indian textiles. Investment and ease of...
ReadThe Times of India - Business (2 days ago)
Operation Sindoor impact: Despite Indo-Pak military tensions, Indian markets have historically shown resilience, with the Nifty 50 experiencing modest declines followed by strong recoveries. Operation Sindoor had minimal impact, as markets focus on economic fundamentals and capital flows.
ReadThe Times of India - Business (2 days ago)
Fiverr CEO Micha Kaufman has issued a warning to his employees about the impact of AI on their jobs. He urged them to adapt to AI tools and become exceptional in their fields or risk being replaced. Kaufman emphasized the need to master AI, learn from experts, rethink time management, and become proficient in prompt engineering.
ReadThe Times of India - Business (2 days ago)
Stock market recommendations: Anand Rathi Shares and Stock Brokers' Mehul Kothari recommends buying Jubilant Ingreva, Adani Total Gas, and Southern Petro. Jubilant Ingreva is poised for a breakout, while Adani Total Gas shows strong reversal signs. Southern Petro is in a steady uptrend, supported by its rising trendline.
ReadThe Times of India - Business (2 days ago)
China's finance minister has criticized US tariffs for destabilizing the global economy, while the foreign ministry insists the US must drop its threatening stance for any agreement. The ongoing trade dispute escalates as the US imposes high tariffs, prompting retaliation from Beijing. Despite hints of possible trade talks, China demands the...
ReadThe Times of India - Business (2 days ago)
The RBI's FY25 income from foreign exchange reserves is projected to be higher due to elevated US treasury yields, potentially boosting the central bank's dividend payout to the government. Increased interest earnings on foreign currency assets and substantial dollar sales are expected to contribute to this rise.
ReadThe Times of India - Business (3 days ago)
Industry organizations have lauded the India-UK Free Trade Agreement (FTA), anticipating significant support for Indian exporters aiming to expand in the UK market amidst global economic uncertainties. The FTA aspires to elevate bilateral trade to USD 100 billion by 2030, removing customs duties on 99% of Indian goods entering British markets.
ReadThe Hindu - Business (3 days ago)
Sectors that are set to benefit include textiles and apparel, leather and footwear, gems and jewellery, pharma, agriculture; deal is expected to create large opportunities for Indian firms, significantly boost bilateral trade, attract key investments
ReadThe Times of India - Business (3 days ago)
India and the UK have finalized the Free Trade Agreement (FTA) and Double Contribution Convention on Tuesday, hailed by Commerce Minister Piyush Goyal as a progressive step towards growth and innovation. Prime Minister Modi and UK Prime Minister Keir Starmer acknowledged the agreement's potential to enhance trade, investment, and employment.
ReadThe Times of India - Business (3 days ago)
India and the UK have finalized a Free Trade Agreement, poised to boost economic growth and trade relations. The agreement eliminates tariffs on approximately 99% of traded goods, benefiting sectors like manufacturing, textiles, and automotive. It also includes provisions for professional visas and reduced duties on products like Scotch whisky and...
ReadThe Times of India - Business (3 days ago)
The US trade deficit soared to a record $140.5 billion in March, marking the largest shortfall since 1992, according to government data. Imports surged by 4.4 percent to $419.0 billion as businesses stocked up ahead of anticipated tariffs, particularly in consumer goods. While exports saw a slight increase, the overall imbalance exceeded analysts'...
ReadThe Times of India - Business (3 days ago)
China's Labour Day holiday saw reported tourism and spending increases, but these figures face skepticism online. Social media users point to economic struggles and export declines, contrasting with state media's portrayal of a consumer boom. Reports indicate reduced foot traffic in shopping areas and factories facing extended closures, suggesting...
ReadThe Hindu - Business (3 days ago)
President Donald Trump's tariff war - and his repeated threats to annex Canada - are upending decades of close trade ties between the two North American neighbors, and prompting many small-scale Canadian manufacturing firms to revise their long-term business strategies.
ReadThe Times of India - Business (3 days ago)
Wall Street experienced a downturn, led by technology stocks, as the S&P 500 ended its nine-day rally. The Dow and Nasdaq also declined ahead of the Federal Reserve's meeting, where interest rates are expected to remain unchanged. Concerns about potential inflation, driven by tariff uncertainties, and the recent economic contraction are weighing on...
ReadThe Times of India - Business (3 days ago)
Paytm's parent company, One97 Communications, reported a reduced consolidated loss of Rs 545 crore for Q4 FY25, driven by lower expenses and AI efficiencies. Excluding a one-time ESOP charge, the quarterly loss was Rs 23 crore. While revenue declined both quarterly and annually, financial services showed sequential growth, and GMV increased...
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