Buisiness

NEW DELHI: India’s core inflation outlook remains positive despite rising industrial metal prices, a report by ICICI Bank Global Markets revealed.Core inflation remained higher in February, majorly due to a surge in gold prices. Meanwhile, stable global edible oil prices and expectations of a normal monsoon point to a positive outlook for food inflation in…

Chipmaker giant Intel appointed tech industry veteran Lip-Bu Tan as its new chief executive on Wednesday, who would be assuming his role from March 18, 2025.The move pushed the company shares soaring more than 10 per cent in after market trade.Bu Tan’s appointment comes at a crucial time when the tech firm is struggling to…

Ajit Mishra of Religare Broking says, “Despite weak global cues, markets are displaying resilience.” (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Thursday. While BSE Sensex was above 74,100, Nifty50 was near 22,500. At 9:18 AM, BSE Sensex was trading at 74,151.24, up 121 points…

Retail investors maintained their mutual fund investments in February despite market volatility, with a slight dip in SIP contributions and equity inflows. Shift towards flexicap funds was noted, while small and midcap funds faced declines. Gold ETFs saw strong annual inflows but dropped monthly. The overall AUM reduced mainly due to mark-to-market losses in equity…

Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, DLF, SRF, and Adani Ports are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for March 13, 2025:Index View: NiftyNifty…

ChrysCapital has secured $2.1 billion for its private equity fund, marking the biggest capital raising by an Indian buyout shop, according to people familiar with the matter. The firm’s latest fund is two-thirds bigger than its last raise of $1.25 billion in 2022, and beat the record $1.7 billion raised by Kedaara Capital last year….

Binny Bansal, cofounder, Flipkart BENGALURU: Flipkart cofounder Binny Bansal launched a new startup, Opptra, which specialises in developing franchise business portfolios. Opptra will license and sell branded consumer goods online, combining market expertise, digital-first brand building, and a centralised supply chain to accelerate market entry.“Many consumer brands have the potential to scale globally, but navigating…

NEW DELHI: Govt capital expenditure, tax cuts for middle class income groups to boost consumption and monetary easing will help India’s GDP growth exceed 6.5% for fiscal 2025-26, global ratings agency Moody’s said on Wednesday.“Following a temporary slowdown in mid-2024, we expect India’s economic growth to reaccelerate and record one of the fastest rates among…

Infosys chairman Nandan Nilekani BENGALURU: The future of energy will be a decentralised structure, with millions of small producers buying and selling power in a way that mirrors Unified Payments Interface (UPI), Infosys chairman Nandan Nilekani said at an event hosted by Arkam Ventures in Bengaluru on Wednesday.“The next UPI is energy,” said Nilekani, who…

NEW DELHI: A day after Airtel announced a deal to market the satellite internet services of Elon Musk’s Starlink in India and supplement its network coverage, Mukesh Ambani’s Reliance Jio too joined the bandwagon, coming out with a twin deal, making it a strong entry ecosystem for the American satellite company. But it will take…