Representative image (AI-generated) Asian stock markets remained mostly high on Friday after the White House confirmed that US President Donald Trump will meet Chinese leader Xi Jinping next week.The announcement eased some uncertainty over trade tensions between the world’s two largest economies, although the likelihood of a major trade deal remains unclear.Chinese markets also gained…
Representative image (AI-generated) Indian fertiliser companies are preparing to set up a urea manufacturing facility in Russia, a move that is likely to be announced during Russian President Vladimir Putin’s visit to India in December. This would be India’s first fertiliser venture in Russia.The plant will use Russia’s abundant ammonia and natural gas reserves, ensuring…
RIL, which has been the largest importer of Russian oil by volume in this year, has bought millions of barrels of crude from the US and Middle East . (AI image) In what is being seen as a direct impact of Donald Trump’s sanctions on two major Russian oil firms, Reliance Industries Ltd (RIL)…
India has shown openness to procure US energy and diversify its crude basket, but has been firm on its right to decide the source of crude oil purchases. At a time when India is engaged with the US and European Union for trade talks, Commerce Minister Piyush Goyal has made it clear that no trade…
Representative image (AI-generated) Domestic steel prices have fallen to a five-year low, trading between Rs 47,000 and Rs 48,000 per tonne, based on BigMint market data.Several factors have influenced these prices. Rising imports, weak export demand and oversupply in the global market all contribute to the decline.Hot rolled coil (HRC) is priced at about Rs…
Representative image (AI-generated) MUMBAI: Private equity investor Blackstone will pick up a 9.99% stake in Federal Bank for Rs 6,196.51 crore. The investment will be made through Asia II Topco XIII Pte Ltd, a Blackstone-controlled entity that handles the firm’s strategic transactions in India. Federal Bank’s board cleared the proposal on Oct 24, 2025. It…
Alaska airlines (File photo) Alaska Air Group on Thursday lowered its 2025 profit forecast due to rising fuel costs and operational challenges. The airline said adverse weather and other disruptions have further pressured its profit margins.The airline also projected fourth-quarter profit well below analysts’ expectations.Fuel costs have surged due to refinery outages on the US…
LKP says that traders are advised to adopt a cautious approach, preferring a sell on rise strategy. (AI image) Gold price prediction today: Gold prices are likely to trade in a narrow range with a neutral to bearish bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy…
Increased foreign investment in Indian stocks and higher-than-expected corporate earnings are also driving sentiment, though experts expect pockets of profit booking. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Friday. While Nifty50 was above 25,850, BSE Sensex was near 84,500. At 9:17 AM, Nifty50…
US President Donald Trump will meet Chinese President Xi Jinping on October 30, on the sidelines of the Asia-Pacific Economic Cooperation Summit in South Korea, White House press secretary Karoline Leavitt said on Thursday, reaffirming the meeting that had been questioned following an escalation in trade tensions. Leavitt informed reporters that Trump departs for Malaysia…