Asian equities slipped on Wednesday as investors took a step back following recent gains, while gold and silver tumbled for a second straight day, halting their recent rally. The pullback came after US President Donald Trump suggested that a planned meeting with Chinese President Xi Jinping might not go ahead. Markets in Hong Kong, Shanghai,…
Representative Image (AI) Amid an escalating tariff war with Beijing, US President Donald Trump on Tuesday said he wants to be “nice” to China but claimed that the country has been “very rough” with the United States over the years because America “never had smart presidents from a business standpoint.”The 79-year-old businessman-turned-president made the remarks…
As Diwali celebrations continue across the country, many people are wondering whether banks are open or closed today, on October 22. The festival of lights is not limited to a single day, it stretches over nearly five days in several states, with each day marking a unique cultural and religious significance. This year, the festive…
MUMBAI: A study of the surge in fundraising by Indian SMEs through IPOs in FY24 and FY25 published by RBI has found that the reputation of the lead merchant banker is the single biggest factor determining success.According to the report, investor demand is shaped less by the issuing company’s fundamentals than by the intermediary’s credibility…
NEW DELHI: India’s domestic car industry may be counting on govt’s GST cuts to manage a growth in volumes, but exports are turning out to be quite a happy hunting ground for the passenger vehicles industry which has registered a near 20% jump in the first half of this fiscal, shipping a variety of vehicles…
MUMBAI: Tracking slides in global prices of gold and silver, two precious metals witnessed correction in domestic market during Tuesday’s Muhurat trading session on MCX. A similar trend was observed in the spot market, although trading was thin on Diwali day, market players said.Global investors are looking for a ‘risk-on’ rally, meaning investors are again…
US President Donald Trump claimed on Tuesday again that India was not going to buy “much oil from Russia.” His claims were based on a conversation he had with Prime Minister Narendra Modi amid Diwali celebrations at the White House.“I spoke to Prime Minister Modi today and we just have a very good relationship. He’s…
MUMBAI: As the Dalal Street tradition goes, Indian investors only buy stocks during the Muhurat session on Diwali day. As a result, leading indices typically close with gains in the special trading session, even if it’s marginal.Tuesday’s hour-long Muhurat session that marked the start of Samvat year 2082, was no different. After opening a little…
MUMBAI: Global aerospace giants are boosting their sourcing from India, accelerating growth in the country’s emerging aircraft component sector. Local companies are expanding capacities, moving beyond basic manufacturing to higher-value work, and scouting for acquisitions, with revenue numbers soaring due to robust orders.The sector is also gearing up to launch about Rs 5,700 crore of…
NEW DELHI: Foreign direct investment (FDI) into India plunged by over 68% to $1.1 billion in Aug as gross investments fell 30%, while repatriations out of India held firm.As a result, on a net basis, there was FDI outflow of $616 million in Sept, compared with inflows of $1 billion a year ago, latest data…
