Indian equity benchmarks opened lower on Wednesday, snapping a two-day winning streak amid weak global cues and cautious investor sentiment. The BSE Sensex slipped 165.3 points to 76,569.59 in early trade, while the NSE Nifty fell 51.55 points to 23,277.Indian equity markets had begun the trading week on a strong note, with benchmark indices rising…
NEW DELHI: The US remained India’s largest trading partner for the fourth consecutive year in 2024-25 with bilateral trade valued at USD 131.84 billion, while the country’s trade deficit with China widened to USD 99.2 billion during the same period, government data showed. In the last fiscal, India’s exports to China contracted 14.5 per cent…
MUMBAI: Markets regulator Sebi on Tuesday barred the two promoters of Gensol Engineering, Anmol Singh Jaggi and Puneet Singh Jaggi, from the securities markets until further notice due to fund misappropriation and governance issues.Additionally, both the promoters have been barred from serving as directors or in any key managerial position in Gensol. The regulator also…
Representative image (Picture credit: AP) Wall Street stocks got whipsawed once again as a slew of headlines on Trump’s fast-evolving tariff war with top trade partners left investors unwilling to take on too much risk following a two-day rally.That’s even as results from big banks showed an equity trading boon and signs of still healthy…
Nvidia warned that it expects a $5.5 billion hit to its revenue after the Trump administration blocked sales of its China-specific AI chips, a move that could reshape the global chip race and deepen the technology rift between the US and China.In a regulatory filing, Nvidia said it had been notified that the US government…
MUMBAI: A wealth management firm owned by the family of a senior Tata Sons executive, was erroneously listed as a Tata group company, Tata Pension Management said. In Aug 2022, when Tata Pension began operations, Divinion Advisory Services, owned by Suprakash Mukhopadhyay‘s wife and two daughters, was included as one of 471 Tata group companies….
Vedanta Group Chairman Anil Agarwal (File photo) NEW DELHI: India has the potential to overtake Brazil and China to become the world’s second-largest iron ore producer, Vedanta Group Chairman Anil Agarwal said on Tuesday.During April to January of the 2024–25 fiscal year, India’s iron ore production rose by 3.5% to 236 million metric tonnes (MMT),…
Boeing shares dropped sharply, slumping to 2.8% in premarket trading, after China ordered its airlines to stop taking deliveries of the American aerospace giant’s jets.This fresh blow pushed the company to $154.86 as trade tensions between Washington and Beijing intensified.According to a Bloomberg report, Chinese carriers were instructed not to accept any more Boeing aircraft…
NEW DELHI: Retail inflation slowed to a more than 5-year low in March on the back of sharply moderating food prices, paving the way for the Reserve Bank of India (RBI) to cut interest rates in the months ahead to support growth against the backdrop of global uncertainty.Data released by the National Statistical Office (NSO)…
NEW DELHI: Indian equities surged as markets reopened after an extended weekend, with the NSE Nifty 50 Index rallying by as much as 2.4% on Tuesday in Mumbai, surpassing its April 2 closing level. According to Bloomberg, this rebound makes India the first major market globally to erase losses stemming from the reciprocal tariffs imposed…