"Where Facts Speak Louder."
Paris: Opec (Organisation of the Petroleum Exporting Countries) slightly lowered its forecast for oil demand growth on Monday, citing the impact of US tariffs on the world economy. The Saudi-led oil cartel said in a monthly report that it now expects demand to grow by 1.3 million barrels per day (bpd) in 2025, down from…
MUMBAI: Tariff-related developments, the direction in which prices of US government bonds move, trading pattern of foreign funds, and corporate results for the Jan-March quarter will decide investor behaviour on Dalal Street in the truncated three-day trading week starting Tuesday. Market players, however, warned that volatility is expected to continue even though there seems to…
Fugitive businessman Mehul Choksi (File photo) NEW DELHI: Fugitive diamond merchantMehul Choksi, a key accused in the Rs 14,000-crore Punjab National Bank fraud case, was arrested on Saturday by Belgian authorities on India’s extradition request.Choksi’s arrest was based on two non-bailable warrants issued by a Mumbai court, dated May 23, 2018, and June 15, 2021,…
NEW DELHI: Stock markets will be driven by further developments on the US-China tariff war front along with quarterly earnings announcements from IT majors Wipro and Infosys in a holiday-shortened week, analysts said. Global market trends and trading activity of foreign investors would also dictate market movement this week, experts noted.Equity markets would remain closed…
Stock exchanges across India will remain closed on Monday to commemorate Dr BR Ambedkar Jayanti. The occasion marks the birth anniversary of Babasaheb Ambedkar, who was born on April 14, 1891. The nation observes this day as a public holiday annually, with educational institutions, banks and numerous government offices remaining closed to honour the social…
World markets advanced sharply on Monday after US President Donald Trump announced a temporary exemption on electronics—including smartphones, laptops, and computer chips—from new tariffs, offering relief to technology companies and boosting investor confidence.In early European trading, Germany’s DAX surged 2.4% to 20,857.54, France’s CAC 40 rose 2% to 7,245.28, and the UK’s FTSE 100 climbed…
European auto major Skoda Auto Volkswagen India on Monday said while it does not support the new reciprocal tariff imposed by the Trump Administration, which have now been paused for 90 days on non-retaliating countries, the move may open up opportunities for the industries in the long term. Earlier, the group, which is battling a…
Nvidia on Monday unveiled plans to manufacture its most advanced artificial intelligence supercomputer chips entirely within the United States for the first time, marking a new milestone for the tech giant amid intensifying global trade tensions.According to AFP, the California-based chipmaker will begin producing its top-tier GPUs, known as Blackwell, at TSMC facilities in Arizona….
Hyderabad based pharma giant Dr. Reddy’s laboratories firmly rejected media reports claiming that the company major is slashing workforce related costs by 25 per cent.The company’s response came after media reports surfaced alleging that the drug producer was planning to reduce manpower costs amid margin pressures. Media reported, citing sources, also alleged that high-earning employees…
