Buisiness

NEW DELHI: Singapore continued to be India’s top source of foreign direct investment (FDI) for the seventh year in a row, with inflows touching $15 billion in 2024-25. Overall, overseas equity inflows rose by 13% to $50 billion during the last fiscal year.The total FDI, that included equity inflows, reinvested earnings and other capital, reached…

The FDA inspection revealed concerning issues, including fungal growth on food items. Expired goods and fungus on food – that’s what has led to Zepto warehouse in Dharavi facing an operating license suspension. The Food & Drug Administration department has suspended the operating licence of a Zepto warehouse in Dharavi after discovering major food safety…

Asian stocks tumbled Monday after US President Donald Trump reignited trade tensions by announcing a sharp increase in tariffs and accusing China of breaching a recent trade truce.Trump,on Friday said that, steel and aluminium tariffs would be doubled to 50% from 25%, claiming the move would further protect the US steel industry. He also accused…

Geo-political tensions are once again on the rise and comments from Trump administration on EU and China are also keeping market participants on edge. (AI image) Gold price prediction today: Investors face uncertainty regarding their gold investment decisions due to multiple factors affecting market sentiment. The ongoing geopolitical conflicts, coupled with evolving US-China trade negotiations,…

Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting June 2, 2025) are Radico Khaitan and JK Cement. Let’s take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) Radico Khaitan 2547 3000 18% JK Cement 5465 6060 11%…

Xi Jinping, US President Donald Trump China “firmly rejected” the US’s “bogus charges and unreasonably” allegations of violating an agreement to reduce substantial trade tariffs between the two economic powerhouses.Following discussions between senior officials in Geneva last month, both nations had agreed to a 90-day temporary reduction in their significantly high tariffs.However, US commerce secretary…

Campbell Wilson, Air India Tata Motors shed its “taxi” image after the acquisition of UK’s JLR when it started to churn out world class cars. Vistara’s merger into Air India could prove to be a similar moment for Air India as the Maharaja has crossed more than half way of the transition to become a…

MUMBAI: Bank lending to non-banking finance companies slowed sharply in April, with outstanding loans to the sector falling by Rs 25,512 crore to Rs 16.1 lakh crore. At the end of March 2025, bank credit to NBFCs stood at Rs 16.4 lakh crore, marking a modest growth of 5.7% in FY25.This was significantly lower than…

Goods and Services Tax (GST) NEW DELHI: Goods and services tax (GST) collections rose 16.4% to Rs 2,01,050 crore in May, the fastest pace of expansion since Oct 2022, on the back of a jump in taxes on imports.Latest data estimated that during May (for transactions in April), GST collections from imports rose 25.2% to…

UPI transactions hit new high in May but cash still thriving MUMBAI: Even as the country hurtles toward a digital future with the Unified Payments Interface (UPI) clocking 60 crore transactions a day, a curious contradiction persists: cash is thriving.In the month of May, UPI transactions hit a a record 1868 crore transactions for Rs…