Business

Nithin Kamath (File photo) Nithin Kamath, co-founder and CEO of Zerodha, talked about the persisting the gap between Indian households’ gold wealth and the equity funding needs of Indian businesses. According to World Gold Council data, Indian households hold gold worth approximately $3 trillion, much of which remains idle in storage, offering minimal contribution to…

Stock markets in the US displayed minimal movement near their peak levels during the early trading session on Wall Street on Tuesday. The S&P 500 edged up 0.1%, following its recent record high and seven consecutive days of gains. The Dow Jones Industrial Average advanced 90 points, while the Nasdaq composite increased by 0.1%. Overseas…

Piyush Goyal talked about India-US trade talks progress NEW DELHI: Union Commerce and Industry Minister Piyush Goyal indicated on Tuesday that the government is maintaining contact with the United States at various levels concerning the proposed Bilateral Trade Agreement (BTA), suggesting potential progress towards the agreement.The minister, however, avoided specifying any timeline for completing the…

Passenger vehicle retail sales jumped 35 per cent year-on-year during this year’s nine-day Navratri period, according to the Federation of Automobile Dealers Associations (FADA). Overall vehicle registrations grew 6 per cent in September, as sales remained muted in the first three weeks before picking up following the implementation of new GST rates on September 22.Passenger…

Missed the big online sales for your favourite festive buys? Don’t worry, the offers haven’t ended yet!Experts expect another wave of discounts, cashbacks, and easy EMI options as the festival of lights draws closer.September to November is the busiest time for India’s leading e-commerce platforms. Online marketplaces aim to grab maximum attention, while banks compete…

Asian stocks mostly rose on Tuesday, though trading was quiet due to holiday closures in some markets. Japan’s Nikkei 225 hit a new record, lifted by optimism over possible government spending and tax cuts under the country’s soon-to-be first female prime minister.The Nikkei was trading up 0.3% to 48,098, following a nearly 5% surge on…

LG Electronics India IPO: Experts consider the issue reasonably priced in comparison to industry competitors. (AI image) LG Electronics India IPO: South Korean electronics major LG Electronics India’s Rs 11,607 crore initial public offering (IPO) has opened for subscription on Tuesday, garnering robust analyst support and a substantial grey market premium (GMP) of 24%, indicating…

Union finance minister Nirmala Sitharaman on Tuesday launched the foreign currency settlement system in GIFT city on Tuesday, at the sixth Global Fintech Fest in Mumbai. With this, the GIFT IFSC has joined a select group of international financial centres that can settle foreign currency transactions locally.At the event, the FM also highlighted that India…

Tata Capital GMP: The conservative GMP indicates investor wariness regarding immediate returns. (AI image) Tata Capital IPO: The initial public offering of Tata Group’s flagship financial services arm Tata Capital got a big thumbsup from brkokerages, with several positive reviews. Yet, the Grey Market Premium (GMP) has crashed to just 3%. The GMP is usually…

US President Donald Trump on Monday approved plans to build a 211-mile road through remote parts of Alaska to open up access to valuable mineral deposits, including copper, cobalt and gold.The Ambler Road project, located north of Fairbanks, had first been cleared during Trump’s earlier term in office, however, the Biden administration later halted it,…