Business news

Stock market hits 9-month high as Sensex surges past 84,000, Nifty nears 25,650

Indian markets remain resilient despite Rs 1.5 lakh crore sell-off by FIIs

Uncertainty over trade deals with the United States and a possible extension of US-China negotiations are diverting foreign institutional investment flows. Indian investors look forward to US President Donald Trump's meeting with Russian President Vladimir Putin on August 15, as any positive outcome could cool down tariff-related uncertainties.

17 days ago

Lenovo's logos during the Mobile World Congress in Barcelona

Lenovo reports impressive profit growth despite US tariff challenges

China's Lenovo on Thursday reported a 108% rise in first-quarter profit despite challenges from U.S. tariff policies.

17 days ago

Foxconn to report 11% rise in second-quarter profit; AI demand fuels growth

Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Thursday that second-quarter profit rose 11% on continued strong demand for artificial intelligence servers.

17 days ago

Fed rate-cut hopes, softer dollar pushes gold rise streak into hattrick

Gold extended gains to a third session on Thursday, supported by rising expectations of an interest rate cut by the U.S. Federal Reserve in September following tame inflation data, which also weighed on the dollar.

17 days ago

JSW Cement makes strong debut on stock market; valued at $2.38 billion

Shares of JSW Cement debuted 4% higher on Thursday, valuing the firm at $2.38 billion as investors looked past broader market jitters to back the company's capacity expansion plans and push into new regional markets.

17 days ago

US dollar may no longer be sole anchor in global currency, rupee remains strong

US dollar weakens as traders bet on Fed Rate cuts; Asian stocks rally

The U.S. dollar was under pressure on Thursday as traders piled into wagers that the Federal Reserve will resume cutting interest rates next month, powering Bitcoin to a record high, while a blistering rally in regional stocks took a breather.

17 days ago

Lenovo says US-China tariff pause a positive sign; CEO expresses optimism

China's Lenovo (0992.HK) said on Thursday the tariff pause between Washington and Beijing was positive and growth in China's AI infrastructure remained strong despite U.S.-China tech tensions.

17 days ago

Banks to clear cheques within few hours starting October 4: RBI

The RBI decided to transition CTS from batch processing to continuous clearing with 'on-realisation-settlement' to improve the efficiency of cheque clearing, reduce settlement risk for participants, and enhance customer experience.

17 days ago

Bitcoin touches record high on hopes of US Fed rate cut

The development, coupled with supportive financial reforms, particularly under the pro-crypto stance of the US President Donald Trump's administration, boosted investor sentiment.

17 days ago

Sensex, Nifty trade flat after mild early losses; realty stocks gain

Nifty, Sensex open flat; IT, pharma stocks rally

In the Nifty pack, Infosys led the gainers, surging 1.29 per cent, followed by HDFC Life, Wipro, Adani Ports, and Apollo Hospitals. Among laggards, Tata Steel declined 1.22 per cent, followed by ONGC, Kotak Mahindra Bank and Hindalco.

17 days ago

India's economy continues on fast-growth track: CEA Nageswaran

In his address at an event here, Nageswaran said the consumption slowdown last year was largely due to tight credit and liquidity conditions, prompting the government to announce substantial middle-class tax cuts in the Union Budget. The Reserve Bank of India has also cut policy rates by 100 basis points and ensured a liquidity surplus to support growth, he added.

18 days ago

SBI to revise IMPS charges from August 15 for certain transactions

According to media reports, charges will apply, though, for amounts over Rs 25,000: Rs 2 + GST for transactions over Rs 25,000 and up to Rs 1 lakh, Rs 6 + GST for amounts over Rs 1 lakh and up to Rs 2 lakh, and Rs 10 + GST for transfers over Rs 2 lakh and up to Rs 5 lakh.

18 days ago

Trump says no tariffs on gold imports, extends China tariff deadline

Gold rises on increasing Fed rate-cut bets, weaker dollar

Gold rose on Wednesday as expectations of a U.S. Federal Reserve interest rate cut in September gained traction following mild inflation data, while a weaker dollar bolstered demand.

18 days ago

ppac march 2017 report, india crude oil import, india oil and gas sector at a glance, bpcl, hpcl, ioc, ongc, fuel stations in india

India's BPCL beats quarterly profit view on lower costs, improved demand

India's state-run refiner Bharat Petroleum Corp (BPCL) reported a better-than-expected quarterly profit, helped by a dip in costs and improved fuel demand.

18 days ago

Pahalgam terror attack: Nirmala Sitharaman cuts short US-Peru visit

FM Sitharaman introduces IBC Amendment Bill; brings cross-border, group insolvency frameworks

The bill's statement of objects and reasons highlights its goals: reducing delays, maximizing stakeholder value, and improving governance under the Code. "The proposed amendments aim to reduce delays, maximise value for all stakeholders, and improve governance of all processes under the Code," the statement noted.

18 days ago