Buisiness

MUMBAI: IndusInd Bank’s shares recovered some losses (up 4%) on Wednesday after plunging nearly 27% on Tuesday. Market players said concerns eased after reports said the promoter had finalised funds for acquiring Reliance Capital. Concern ease This eased fears that the promoters would face margin calls on pledged shares. Statements from the CEO, indicating the…

NEW DELHI: Retail inflation cooled to a seven-month low in Feb as food prices eased, providing headroom for the Reserve Bank of India (RBI) to lower interest rates in April, while industrial output growth improved in Jan, led by expansion in manufacturing.Data released by the National Statistical Office (NSO) on Wednesday showed inflation, as measured…

NEW DELHI: Singapore’s sovereign private equity giant Temasek is acquiring 9-10% stake in Haldiram Snacks Foods for over Rs 8,500 crore, valuing the company at around $10 billion. Haldiram Snacks Foods is the parent entity of Haldiram’s, widely recognised as the country’s largest snacks brand.The acquisition marks one of the largest recent deals in India’s…

These changes in TDS rules will take effect from April 1, 2025. (AI image) New TDS rules: Finance Minister Nirmala Sitharaman’s Union Budget 2025 presentation included significant modifications to TDS (Tax Deducted At Source) regulations, offering financial benefits to various taxpayer categories, including senior citizens, investors and commission earners. These changes in TDS rules will…

Gold prices surged by Rs 600 on Thursday, reaching an all-time high of Rs 89,450 per 10 grams in the national capital, driven by strong global market trends. The yellow metal, with 99.9% purity, had previously closed at Rs 88,850 per 10 grams on Wednesday.Similarly, gold of 99.5% purity saw an increase of Rs 600,…

MUMBAI: Blackstone chairman & CEO Stephen Schwarzman said that the new tariff regime in the US has the potential to boost growth and increase American consumption demand.“I think it is too early to tell because you don’t know how this is all going to work out. I think it will result in a significant increase…

NEW DELHI: Gold prices continued upward momentum with April futures hitting an all-time high of Rs 86,875 per 10 grams on Thursday, at the multi commodity exchange (MCX).The yellow metal marked a rise of 0.21 per cent or Rs 189, while silver May futures traded at Rs 99,389 per kilogram, down 0.09 per cent or…

Bank Holidays for Holi 2025 Bank Holidays for Holi 2025: Banks across various states will observe closures during Holi 2025, with specific dates varying by region. As per Reserve Bank of India (RBI) guidelines, certain days are designated as holidays under the Negotiable Instruments Act. These holidays are determined based on local traditions and customs….

NEW DELHI: Aviation industry personnel in India have made a beeline for joining Saudi Arabia’s soon to be launched second national carrier Riyadh Air, that is owned by the Public Investment Fund (PIF) of Saudi Arabia.The airline website’s career portal has been open for two years on which pilots, cabin crew members, ground, maintenance staff…

India is anticipated to regain its position relative to Emerging Markets in 2025, supported by several fundamental factors. (AI image) Indian equity benchmark indices, BSE Sensex and Nifty50, may have crashed from their September 2024 peaks, but the market still looks attractive in the long-term, says Morgan Stanley. In its latest report on ‘India Equity…