Buisiness

NEW DELHI: Among the top 10 valued companies, nine witnessed a combined increase of Rs 3.35 lakh crore in market valuation during the previous week, aligning with positive market sentiment. Reliance Industries led the advancement, whilst Bharti Airtel was the sole decliner. The benchmark BSE Sensex surged 2,876.12 points, or 3.61 per cent, over the…

AI-generated image (Made from Bing image creator) NEW DELHI: Stock markets are expected to be primarily influenced by corporate quarterly reports, foreign fund activity and worldwide market trends this week. Global trade agreements and their market impact will also be under close observation.Last week, the BSE benchmark index increased by 2,876.12 points or 3.61 per…

Adani Defence & Aerospace partners with Sparton (Image credit: Adani Defence X handle) NEW DELHI: Adani Defence & Aerospace has entered into a binding collaboration agreement with Sparton (DeLeon Springs LLC), a subsidiary of Elbit Systems specialising in advanced Anti-submarine warfare systems.The Adani Group company on Sunday announced that this alliance represents a crucial move…

A breakthrough in US-China trade talks in Geneva has brought some hope for China’s battered manufacturing sector, but the damage may have already wrecked many factory workers, as the job market remains tight.Tensions in the trade war have relaxed, sparing Beijing from a potentially severe crisis, widespread job losses that could have threatened social stability,…

NEW DELHI: India’s trade in apparel and home textiles with the United Kingdom is set for significant growth, with volumes expected to double over the next five to six years, according to a report by credit rating agency ICRA.The projected surge is attributed to the recently concluded Free Trade Agreement (FTA) between the two countries,…

The International Monetary Fund (IMF) has significantly expanded its bailout program requirements for Pakistan, adding 11 new conditions and bringing the total to 50 structural benchmarks and conditions.According to the Express Tribune, among the key new requirements, Pakistan must secure parliamentary approval for a Rs 17.6 trillion budget, implement higher debt servicing surcharges on electricity…

The securities and exchange board of India (Sebi) has tightened rules around private debt placements by making the electronic book platform compulsory for all issues of Rs 20 crore or more. The move is aimed at improving transparency and streamlining the fundraising process.Previously, the electronic book mechanism was only mandatory for issues of Rs 50…

United States is India’s primary export destination for mangoes. (AI image) US authorities have rejected no fewer than 15 mango shipments from India at various airports, including Los Angeles, San Francisco, and Atlanta, due to documentation irregularities.The exporters faced the choice of either destroying the fruit in the US or sending it back to India….

Gold price outlook: Axis Securities has observed that gold prices are exhibiting pressure amid significant macro changes. (AI image) Gold price outlook: Gold prices have experienced substantial decline, dropping approximately 7% from their highest point of Rs 99,358/10 grams recorded on April 22 on the MCX. The precious metal is currently at risk of ending…

US Federal reserve (File photo taken from X handle) Federal Reserve Chair Jerome Powell announced on Friday a planned workforce reduction of approximately 10 per cent over the coming years, according to a staff memo reported by AFP. Though the Federal Reserve operates independently, generating revenue from interest on securities and supervisory fees rather than…