Asian equities slipped on Wednesday as investors took a step back following recent gains, while gold and silver tumbled for a second straight day, halting their recent rally. The pullback came after US President Donald Trump suggested that a planned meeting with Chinese President Xi Jinping might not go ahead. Markets in Hong Kong, Shanghai,…
MUMBAI: Global aerospace giants are boosting their sourcing from India, accelerating growth in the country’s emerging aircraft component sector. Local companies are expanding capacities, moving beyond basic manufacturing to higher-value work, and scouting for acquisitions, with revenue numbers soaring due to robust orders.The sector is also gearing up to launch about Rs 5,700 crore of…
NEW DELHI: India’s domestic car industry may be counting on govt’s GST cuts to manage a growth in volumes, but exports are turning out to be quite a happy hunting ground for the passenger vehicles industry which has registered a near 20% jump in the first half of this fiscal, shipping a variety of vehicles…
MUMBAI: Tracking slides in global prices of gold and silver, two precious metals witnessed correction in domestic market during Tuesday’s Muhurat trading session on MCX. A similar trend was observed in the spot market, although trading was thin on Diwali day, market players said.Global investors are looking for a ‘risk-on’ rally, meaning investors are again…
MUMBAI: As the Dalal Street tradition goes, Indian investors only buy stocks during the Muhurat session on Diwali day. As a result, leading indices typically close with gains in the special trading session, even if it’s marginal.Tuesday’s hour-long Muhurat session that marked the start of Samvat year 2082, was no different. After opening a little…
Indian stock markets ended marginally higher in the special Muhurat Trading session on Sunday, marking the beginning of Samvat 2082 on a positive note. The Nifty closed at 25,868.60, up 25.45 points or 0.10 per cent, while the Sensex settled at 84,426.34, gaining 62.97 points or 0.07 per cent.As per news agency ANI, broader markets…
As India steps into Samvat 2082, experts are optimistic that the stock markets are set for stronger and more stable growth, after a year of high volatility and marginal single digit returns.Analysts cited by ANI expect Dalal Street to emerge from its consolidation phase and enter a phase of steady, gradual growth, with double-digit gains…
Rare earth elements or REEs have made their way as the new strategic assets, emerging as the ‘new oil’ of the 21st century, as countries race towards cleaner energy. REEs are a set of 17 metals vital for their use in a range of devices like electric vehicles, wind turbines, smartphones and defense systems.“Invisible to…
Denmark’s Novo Nordisk, the pharmaceutical giant behind blockbuster drugs Ozempic and Wegovy, is set for a major boardroom shake-up amid internal disagreements and growing competitive pressure in the weight-loss drug market. The company on Tuesday announced that it will replace more than half of its 12-member board, including its chair, following a dispute with its…
File photo: Canadian Prime Minister Mark Carney (Picture credit: AP) Canada’s annual inflation rate climbed to 2.4 per cent in September, slightly above analysts’ expectations, driven by rising grocery prices and moderated declines in gasoline costs, official data showed Tuesday.According to Statistics Canada, food prices rose 3.8 per cent year-on-year, marking the largest increase since…