According to Fitch, India’s economic activity showed significant momentum, with real GDP growth climbing to 7.8% yoy in April-June quarter. (AI image) Fitch Ratings has revised India’s GDP growth outlook for FY 2025-26 upwards to 6.9% from 6.5% in its latest report on World GDP Forecasts. Fitch is of the view that while the 50%…
MUMBAI: Sumitomo Mitsui Banking Corporation (SMBC) is set to sell its entire 1.7% stake in Kotak Mahindra Bank, worth over Rs 6,166 crore, through block deals on NSE and BSE. The Japanese lender is freeing up investment headroom to raise its holding in Yes Bank to nearly 25% after securing all regulatory clearances.According to the…
Donald Trump (File photo) The Supreme Court on Tuesday agreed to take up a fast-track review of the Trump administration’s sweeping global tariffs, setting a November hearing that could decide the fate of one of US President Donald Trump’s most significant economic policies. The justices approved an unusually brisk schedule after a federal appeals court…
NEW DELHI: In a significant development for the country’s seafood industry, the European Union (EU) has listed 102 new Indian fishery units for export from India to EU member countries. The move comes amid the backdrop of stiff tariffs imposed by the US, which is expected to hurt the country’s shrimp exports and lead to…
Top stocks to buy (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today are Raymond Lifestyle, Brainbees, and Titagarh Rail Systems:Raymond Lifestyle – Cup & Handle + ADX StrengthBuy near: ₹1,240–₹1,220 | SL: ₹1,100 | Target: ₹1,450–₹1,500Earlier covered around…
MUMBAI: Calling into question CBI’s “pick-and-choose policy”, a special court recently discharged KV Brahmaji Rao, a former executive director of Punjab National Bank (PNB), seven years after he was first accused in the Rs 23,000-crore fraud case involving fugitive jewellery businessman Nirav Modi.Among the 25 accused individuals and companies in the case, Rao is the…
India must urgently reform its mining policies to attract investment into copper exploration, as demand for the metal surges globally and at home, a new report has cautioned.“Given the rising copper demand across the world and India’s growing copper needs, India must explore and extract more copper, as large resources and reserves lie unexplored and…
India is looking to expand its textile exports to 40 countries after US imposed 50% tariff on Indian imports, Union minister Giriraj Singh said on Tuesday.The minister said that these 40 countries represent nearly $600 billion in textile and apparel imports, offering vast opportunities for India to enhance its market share. He also added that…
The US job market turned out to be much weaker in 2024 and the early part of this year than initially reported, newly released government figures have shown, adding to concerns about the state of the country’s economy. Fresh estimates by the US labour department on Tuesday highlighted that employers hired 911,000 less workers between…
Wall Street traded mixed on Tuesday as investors awaited key US inflation figures and an Apple event expected to showcase the launch of new iPhones.The Dow Jones Industrial Average jumped 79 points or 0.17% to trade at 45,594. Nasdaq, on the other hand, slipped 11 points or 0.05%, reaching 21,786. S&P 500 remained flat at…