Dalal Street began the session in green as crude oil prices eased slightly, though persistent foreign investor outflows and rising retail inflation weigh kept investors cautious. In the previous session, NSE Nifty 50 closed at 22,363.35, while BSE Sensex settled at 72,638.70, with both benchmarks ending lower despite opening gains. Market direction is likely to…
India’s growth story remains strong India’s economy is expected to grow by 7% in both 2026 and 2027, according to the International Monetary Fund (IMF), keeping the country among the fastest-growing major economies despite growing uncertainties. According to the institution, strong domestic demand, robust services activity and favourable demographic trends are expected to support this…
Crude holds near $105 per barrel Oil prices edged lower on Tuesday after rising by nearly $2 a barrel in the previous session, as traders weighed the risks to supplies from attacks on Saudi Arabia against the prospect of additional diesel supplies from Russia.West Texas Intermediate (WTI) crude was trading at $92.84 a barrel, down…
MUMBAI: Monthly gross inflows through the systematic investment plan (SIP) route inched to a new record at Rs 32,490 crore in Sept, demonstrating retail investors’ resilience to the volatilities in the stock market, industry players said.During the month, net inflows into equity schemes also showed a positive trend, data released by mutual fund industry trade…
NEW DELHI: Retail inflation based on the consumer price index (CPI) rose to a nine-month high of 5.5% in Sept (y-o-y) from 4.8% in Aug, on account of a surge in food prices, which strained household costs, National Statistics Office data released Monday showed. This was the first time that retail inflation crossed the 5%…
MUMBAI: Bank of India has declared Kishore Biyani’s Future Enterprises Ltd’s account, with outstanding dues of Rs 575.4 crore, as fraud and reported it to RBI on Monday. The bank has made provisions for the entire outstanding amount. Future Enterprises was admitted to the corporate insolvency resolution process by the Mumbai bench of NCLT in…
NEW DELHI: Finance minister Nirmala Sitharaman on Monday urged domestic steel producers to focus on decarbonisation and boosting domestic production of specialty steel to reduce dependence on imports.Addressing the World Steel Association General Assembly here, the FM mentioned that govt has introduced the PLI scheme for specialty steel, with an approved outlay of Rs 6,300…
NEW DELHI: Commerce and industry minister Piyush Goyal Monday said European carmakers would prefer to manufacture in India, as producing vehicles there would be uncompetitive due to the region’s regulations.“Finally India is going to become the global hub for car manufacturing. Everybody is going to come and manufacture in India and with Europe having such…
MUMBAI: HCLTech’s dollar revenue rose to $3.7 billion in the Sept quarter, up 2% sequentially and 2.2% year-on-year. In constant currency terms, revenue grew 2.3% sequentially and 2.6% year on year. EBIT margin expanded 131 basis points sequentially and 71 basis points year-on-year to 18.2%.The company’s services business grew 3% sequentially, generating more than $100…
CHENNAI: Lakshmi Venu and Mallika Srinivasan have said the economic settlement within the Venu Srinivasan (VS) family remains unresolved, disputing suggestions that a division of assets has been completed.In a joint statement issued amid recent media reports, Lakshmi Venu and Mallika Srinivasan, daughter and wife of Venu Srinivasan, respectively, said no agreement on the division…
