DELHI/MUMBAI: The GST cut that makes cars cheaper and is expected to be a fillip for the auto industry in the second half of the year has caused a lull in sales in August as customers wait for the discounts to show up. Auto retail sales rose by just 3% in Aug to 19.6 lakh…
NEW DELHI: India and Qatar are expected to finalise the terms of engagement for a bilateral trade agreement by Oct, even as negotiators from the European Union began consultations with officials here in a bid to finalise the proposed fee trade agreement by the year-end.Once the terms of reference of the proposed trade pact are…
HYDERABAD: Battery materials and supply chain player Altmin Private Ltd’s proposed $250 million (approx Rs 2200 crore) greenfield lithium refining project in Brazil has become the first project from India to be listed with the Minerals Security Partnership (MSP).MSP is a US-led alliance of 14 countries and the European Commission that focuses on securing and…
Jindal Steel Chairman Naveen Jindal (File photo) NEW DELHI: Steel demand in India will normalise from Oct and is set to grow at double digit rates in the second half of this year after a slowdown during monsoon, Indian Steel Association (ISA) president and Jindal Steel chairman Naveen Jindal said on Monday. He also said…
Robert Murdoch (AP file photo) and son Lachlan Murdoch (Photo from Fox corporation website) Rupert Murdoch’s family has finalised succession arrangements that hand control of his media empire to eldest son Lachlan Murdoch, ensuring Fox News retains its conservative direction. 94-year old Murdoch, an Australian-born American tycoon, built one of the world’s largest media groups,…
MUMBAI: Amazon is gearing up for a bigger spike in festive sales this year as the rejigging of GST slabs will make a range of products cheaper for consumers, boosting spending by the salaried class, many of whom scout for online deals when shopping for products, more so in the case of big-ticket items. Smartphones,…
Investors are focusing on forthcoming inflation data from India and the US, which could shape the US Federal Reserve’s future policy decisions. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday on positive global cues. While Nifty50 was above 24,850, BSE Sensex was up over…
MUMBAI: FMCG companies are on their toes, putting in place strategies so that benefits of the GST cuts can be passed on to consumers from Day 1 (Sept 22) even as they await clarity from govt on labelling and packaging issues. Firms are fast shifting their production to new MRPs and streamlining dispatches, which essentially…
Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks to buy today are Apl Apollo Tubes Ltd, and CDSL:Apl Apollo Tubes Ltd – Buy in the range between Rs 1687 & Rs 1697; Stoploss: Rs 1640; Target: Rs…
PNC Financial Services has announced plans to acquire Colorado-based FirstBank in a $4.1 billion transaction, marking a significant expansion of its footprint in the US retail banking market.Headquartered in Lakewood, Colorado, FirstBank—also known as 1stBank—operates 120 branches and holds $26.7 billion in assets. The lender is privately held, though shareholders owning 45.7% of the company…
