Buisiness

US stocks showed mixed movement on Wednesday as Wall Street saw more subdued trading following recent swings in both directions. While most stocks were on the rise, several key tech stocks, including Nvidia and Tesla, faced continued challenges, dragging the Nasdaq toward a 1.2% drop.The S&P 500 slipped 0.4% in morning trading, possibly heading for…

India has decided to discontinue parts of its gold monetisation scheme, which had encouraged households and institutions to deposit idle gold in exchange for interest payments. The scheme, which was introduced in 2015, offered the option of gold deposits for 1-to-3 years, 5-to-7 years, and 12-to-15 years.The finance ministry announced late on Tuesday that the…

MUMBAI: Former Britannia CEO Rajneet Kohli is joining Hindustan Unilever (HUL) as executive director, foods. Kohli will be taking over from Shiva Krishnamurthy who is moving on from HUL to pursue an external opportunity, the company said in a statement on Wednesday. Kohli’s appointment will be effective from April 7. Kohli who led Britannia as…

NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday said the Budget has provided “unprecedented tax relief to honest taxpayers” and is aimed at boosting domestic production and enhancing export competitiveness, while indicating that the Income Tax Bill to replace the 63-year-old law will be taken up for discussion during the monsoon session of Parliament.In Budget,…

Will Tesla’s entry into India charge up the local EV market? Transport minister Nitin Gadkari is confident that India’s homegrown EV brands will be able to more than hold their own in comparison. “India is an open market and you’re free to come here, manufacture and compete on cost. But our Indian electric car makers…

Banks and UPI applications must conduct weekly updates of their mobile number records. (AI image) UPI users should take note of new mobile number verification rules from April 1, 2025. The NPCI has released fresh guidelines for banks, UPI payment applications, and third-party UPI service providers concerning numeric UPI IDs. These new regulations seek to…

MUMBAI: Axis Mutual fund, along with five other entities, has settled a case of front running by its former head of dealing Viresh Joshi by paying Rs 6.3 crore to markets regulator Sebi. Along with the fund house, the trustee company, Chandesh Nigam, its former MD, and three others were involved in the settlement process….

The new airport at Jewar, Uttar Pradesh, situated near Greater Noida and southeast of Delhi, will serve as the capital’s second aviation hub. (Concept image) Noida’s Jewar Airport to have an edge over Delhi’s IGI airport? The civil aviation minister Rammohan Naidu Kinjarapu has requested Delhi’s new chief minister Rekha Gupta to lower the Value…

JSW Steel is now ahead of US-based Nucor Corp, which held a market capitalisation of $29.92 billion. Sajjan Jindal-led JSW Steel has achieved a significant milestone by becoming the world’s highest-valued steelmaker, with its market capitalisation exceeding $30 billion on Tuesday.The impressive performance of JSW Steel’s stocks is attributed to a broader upward trend among…

Whilst the most severe phase of the slowdown appears to be over, Goldman Sachs advises investors to remain vigilant regarding market volatility. (AI image) Goldman Sachs has said the worst is likely over for the Indian economy. In a recent report the global financial firm has said that India has likely moved past its most…