Buisiness

Dalal Street saw its wealth increase by Rs 16.15 lakh crore. (AI image) India-Pakistan ceasefire impact on stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, saw exceptional rallies on Monday with both indices rising over 3.5%, their biggest single-day gain since February 2021. The strong stock market rally left investors richer by…

Anil Agarwal-led Vedanta Ltd on Sunday said it is actively exploring critical mineral resources across six Indian states — Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh — as it looks to strengthen its position in the fast-growing clean energy value chain.Critical minerals are vital for a wide range of energy-efficient technologies, including electric vehicles,…

US stock index futures rose sharply on Monday after the United States and China agreed to scale back tariffs, easing fears of an escalating trade war that had weighed heavily on global markets in recent weeks.US Treasury Secretary Scott Bessent, following talks with Chinese officials in Geneva, announced that the two nations have agreed to…

The ministry of railways sanctioned conducting the final location survey of a proposed new railway line in Sikkim. The planned route will connect Melli to Dentam via Jorethang and Legship, aiming to enhance rail connectivity within the state.The survey, approved at a cost of almost Rs 2.25 crore has been commissioned by railway minister Ashwini…

Bank holiday on Buddha Purnima: Banks will remain shut in multiple parts of India today, May 12, on the occasion of Buddha Purnima, according to the Reserve Bank of India’s calendar.This closure applies to cities and states including Agartala, Aizawl, Belapur, Bhopal, Dehradun, Imphal, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla,…

Apple’s India-based suppliers are actively pursuing the manufacturing opportunity. (AI image) Tata Electronics is substantially increasing its iPhone enclosure manufacturing capacity at their Hosur facility, according to sources familiar with the matter. The production expansion initiative by Tata Electronics aligns with recent declarations from Apple CEO Tim Cook regarding India’s future role as the primary…

India has gained the top spot for both manufacturing and services activity globally, according to JP Morgan’s latest purchasing Managers’ Index (PMI) report for April 2025.The manufacturing PMI stood at a strong 58.2, with an even higher services PMI even higher at 58.7, pulling the strongest readings across both developed and emerging markets.PMI trends globallyIndia,…

Yes Bank shares soared 8.7% in early trade on Monday, hitting a day’s high of Rs 21.74 on the BSE, after Japan’s Sumitomo Mitsui Banking Corporation (SMBC) signed an agreement to acquire a 20% stake in the private lender for Rs 13,483 crore. This deal marks a major move in the bank’s ownership that could…

Trading at Pakistan’s stock exchange was suspended for an hour after the KSE-100 share index surged by 8.84% during early trading hours. (AI image) India-Pakistan ceasefire impact: The Pakistan stock market’s key indicator, the Karachi 100 (KSE 100) index, surged by more than 9% as trading commenced on Monday, following the Pakistani military’s weekend call…

Gold prices remained volatile throughout last week, influenced by a mix of economic signals. (AI image) Gold price prediction today: What’s the outlook for goldprices in the week starting May 12, 2025? Gold prices have experienced recent declines following their historic peak levels. Investors interested in gold should monitor international indicators and develop appropriate investment…