Mukesh Ambani (file photo) Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a consolidated net profit of Rs 20,946 crore for the first quarter, marking a 22% year-on-year decline. The drop was mainly attributable to an exceptional gain arising from the sale of its stake in Asian Paints during the corresponding quarter last year….
Semiconductor stocks remained at the heart of the market weakness. US stock market today: Fresh selling in computer chipmakers and other companies that have benefited from the artificial intelligence boom dragged global equity markets lower on Friday, while oil prices continued to rise amid the ongoing conflict with Iran.The S&P 500 declined 1.3%, putting it…
Brent crude prices in the spot market briefly surged to around $144 per barrel before easing as markets adjusted. (Representative image) The Middle East conflict and the closure of Strait of Hormuz led to the biggest oil supply shock and disruption in recent times. Global oil supply fell by 13.6 million barrels per day, which…
Higher crude oil and commodity prices, coupled with a widening merchandise trade deficit, are expected to push India’s current account deficit to 1.5% of GDP in FY27, according to Crisil. NEW DELHI: India’s current account deficit (CAD) is expected to widen sharply to 1.5 per cent of GDP in FY27 from 0.6 per cent in…
The government’s spending on LPG subsidies could climb past Rs 1 lakh crore in FY27, far exceeding the Rs 30,000 crore set aside in the Union Budget, according to a report by PL Capital.The report said the Budget provision of Rs 300 billion has already been surpassed, with the subsidy loss currently estimated at Rs…
India’s first bullet train project between Mumbai and Ahmedabad is progressing well. Initial operations will commence using Indian high-speed trains in 2027. Japan’s next-generation E10 Shinkansen trains will be introduced later, after 2030. The first operational stretch will connect Surat and Bilimora in Gujarat. This initiative significantly reduces travel time between the two major cities….
Niti Aayog has proposed a major overhaul of India’s biotechnology strategy, recommending the country to replace fragmented programmes with six mission-driven national initiatives, accelerating growth in the sector. These recommendations come as part of its newly released bioeconomy roadmap, which sets a target of building a $691 billion bioeconomy by 2035.The roadmap mentioned that the…
With the launch of a hydrogen train, India has undoubtedly taken a big leap in the sphere of greener transportation. Prime Minister Narendra Modi on Friday flagged off India’s first hydrogen-powered train. This ushers India into a group of select countries that have hydrogen trains. India’s first hydrogen-powered train has 10 coaches, with the capacity…
From a technical perspective, the 8-period EMA has started turning higher and is attempting to cross above the 21-period EMA. Gold price prediction today: Gold prices are favouring a buy on dips strategy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.MCX Gold August futures have witnessed a sharp intraday recovery after…
Asian equities tumbled in red on Friday as concerns over artificial intelligence led stocks deepened, with Japan and Taiwan recording the sharpest declines. Additionally, growing tensions in the Middle East also kept investors cautious, lifting oil prices while US futures traded lower.Japan’s Nikkei 225 led the regional losses, plunging 5.8% to 62,945.97 after computer chipmakers…
