Market watchers anticipate that trading will be influenced by global factors, particularly the US Federal Reserve’s monetary policy decisions. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Thursday. While Nifty50 was near 25,750, BSE Sensex was close to 84,350. At 9:18 AM, Nifty50 was…
MUMBAI: Tata Steel will acquire just over 50% stake in Thriveni Pellets for Rs 636 crore as part of its expansion strategy. Thriveni Pellets operates a 4-million-ton pellet plant in Jajpur, Odisha, and a 212km slurry pipeline. The remaining 49.99% stake is held by BSE-listed Lloyds Metals & Energy. Iron ore pellets are a key…
Most experts believe that a rate cut by the US Federal Reserve is a positive signal for the Indian markets. (AI image) The US Federal Reserve cut the benchmark rate by 25 basis points in the latest monetary policy review. A split US Federal Reserve announced its third successive interest rate cut of the year,…
Top stocks to buy or sell (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Cholamandalam Investment and Fin Co, and ICICI Prudential Life Insurance. Ambuja Cements is a sell call. Here’s his view on Nifty,…
The US Federal Reserve is expected to cut interest rates on Wednesday as policymakers grapple with gaps in economic data caused by the recent govt shutdown and work through competing views about the risks facing the economy. The anticipated quarter percentage point cut may come with a non-committal approach to next year’s rate path given…
Uber is expanding into B2B logistics in India with Uber Direct, leveraging its bike fleet on the ONDC platform. This new service aims to generate revenue beyond rides and couriers by fulfilling grocery and food orders for partners like Zepto and KFC. Uber acts as a silent logistics provider, with customers unaware of their involvement….
MUMBAI: The Rs 25,000-crore rights offer for Adani Enterprises, the flagship of the Adani Group, closed with 108% subscription with the public portion subscribed 130%. The promoters of the company who hold 74% in the company had said that they would participate in the rights offer to subscribe to their full quota. The public portion…
Supply Chain Automation, Robotics Won’t Lead To Fall In Employment: Sr V-P Madan NEW DELHI: Amazon may not have been the quickest of the block in rolling out 10-minute delivery in India, but it is taking the model to serve its customers in other parts of the world.“We have launched Amazon Now in UAE, Egypt…
BENGALURU: TCS signed a definitive agreement to acquire US-based Salesforce consulting firm Coastal Cloud in an all-cash deal valued at $700 million. Founded in 2012, Coastal Cloud brings AI-led advisory and business consulting capabilities to help clients reimagine sales, service, marketing, revenue, and commerce. With the acquisitions of ListEngage and now Coastal Cloud, TCS said…
India’s economic growth forecast for this year has been boosted to 7.2% by the Asian Development Bank, a significant upgrade from its previous projection. This upward revision is attributed to a stronger third-quarter performance, with tax cuts playing a key role in stimulating consumer spending. The ADB also anticipates a robust regional economic expansion. NEW…
