Stock market benchmark indices Sensex and Nifty continued to trade lower on Friday after the RBI decided to pause on the policy rate front, with IT heavyweights facing selling pressure amid weak trend in the US equities. Fresh foreign fund outflows also dented investors’ sentiment. Extending its previous day’s decline, the 30-share BSE Sensex further […]
Jan 27 (Reuters) – The U.S. dollar extended losses to sink to a four-year low against a basket of currencies on Tuesday. The weakness was exacerbated by President Donald Trump saying the dollar’s value was “great”, when asked whether he thought it had declined too much. Here are some trader and investor quotes on the […]
Mahindra & Mahindra Ltd. led declines in auto stocks on Tuesday amid reports that the India-EU trade deal includes a clause to slash import duty on cars. The Mahindra Thar Roxx. (Handout) M&M’s share price fell as much as 5.07% to ₹3,363.70 apiece on the NSE, even as Nifty Auto index was down 2.18% intraday. […]
India’s gem and jewellery exports were almost flat during April-December 2025 over the previous year, but exports to the United States during the same period declined 44% from $6.95 billion in April–December 2024 to $ 3.86 billion for the nine months of 2025, the Gem and Jewellery Export Promotion Council (GJEPC) said on Friday. Exports […]
India’s stock market was subdued at the open today, with a drop in IT stocks and concerns over US tariffs offsetting positive business updates that reinforced expectations of better quarterly earnings. The Bombay Stock Exchange building on Dalal Street in Mumbai. (Bloomberg) At the opening bell, the Nifty 50 rose as much as 0.11% to […]
The government is not considering a proposal to increase the FDI limit for PSU banks, MoS Finance Pankaj Chaudhary said in the Parliament on Tuesday. The government’s number of shares in India’s 12 public sector banks has not declined since 2020, but the percentage stake may have reduced due to fundraising moves, MoS Finance Pankaj […]
Gold prices held a three-day drop, hurt by fading expectations for another rate cut by the US Federal Reserve next month. Gold has still gained more than 50% this year despite the recent pullback, and remains on course for the best annual gain since 1979. (Bloomberg) Gold traded near $4,034 an ounce, after losing almost […]
Infosys Ltd. has decided to narrow its annual revenue growth guidance after a more than 5% decline in the second quarter of the ongoing fiscal. Infosys CEO Salil Parekh. Infosys share price fell 0.08% to ₹1,472.75 apiece on the BSE before the quarterly results were announced. (Reuters) Consolidated revenue of India’s second largest IT services […]
Wipro Ltd. has raised its revenue growth guidance for the ongoing fiscal despite a decline in key financial metrics in the second quarter. Wipro CEO Srinivas Pallia during a news conference in Bengaluru. (Bloomberg) Consolidated revenue of India’s fourth largest IT services firm fell 2.5% from the previous three months to ₹22,697 crore in the […]