Strong order bookings at the India International Jewellery Show (IIJS) Premiere and a recovery in the Hong Kong market pushed India’s gem and jewellery exports up 15.98% year-on-year to $2,178.24 million (Rs 18,756.28 crore) in July, according to data from the Gem and Jewellery Export Promotion Council (GJEPC).Exports in July 2024 stood at $1,878.09 million…
US stocks climbed on Wednesday, lifted by a global equity rally and growing expectations that the Federal Reserve will cut interest rates in September. The S&P 500 rose 0.4% to a new all-time high, the Dow Jones Industrial Average gained 259 points or 0.6%, and the Nasdaq Composite added 0.5% to extend its own record…
Chinese internet giant Tencent on Wednesday posted its third straight quarter of double-digit revenue growth, beating market forecasts, as it accelerated the rollout of artificial intelligence (AI) features across its gaming portfolio and flagship WeChat app.Shenzhen-based Tencent, which operates the multi-functional WeChat platform and is a major global gaming player, also has significant operations in…
India’s exposure to a potential disruption in Russian oil exports would be limited, even as a full embargo could create serious challenges for the global economy, according to a report by Bank of Baroda. The report estimates that India’s additional oil import expenditure would be around $5 billion annually, a figure considered manageable given the…
The Reserve Bank of India (RBI) is likely to maintain current interest rates during its October policy review, according to an SBI report, as inflation in August 2025 is projected to rise above 2 per cent. The analysis, quoted in an ANI report, anticipates inflation could reach around 2.3 per cent, complicating any potential rate…
Stock market update for August 15 (AI image) Stock market holiday on Independence Day: Stock markets will be closed on Friday, August 15, 2025 in observance of the Independence Day. This marks one of the 14 official trading holidays in the equity, equity derivative, and SLB segments, as per the Bombay Stock Exchange (BSE) calendar…
Banking operations across India will be closed on August 15 for Independence Day, while several states will also see a shutdown on August 16 for Janmashtami, followed by regular Sunday closure, creating an extended weekend of limited banking services from August 15 to 17.Banks in Manipur will also remain closed on August 13, 2025 to…
The American regulatory body had initiated legal proceedings against the industrialists and their organisation a few months ago. (AP file photo) The US Securities and Exchange Commission (SEC) has not yet delivered legal summons to Adani Group chairman Gautam Adani and Sagar Adani, his nephew. The American regulatory body had initiated legal proceedings against the…
MUMBAI: Markets regulator Sebi has rejected a plea by Anil Ambani to settle charges related to investments in lender Yes Bank, potentially exposing him to at least a Rs 1,828 crore penalty. The case relates to Rs 2,150 crore invested by Ambani’s Reliance Mutual Fund between 2016-19 in Yes Bank’s additional tier-1 bonds, which were…
It seems Pakistan has successfully persuaded the Trump administration that controlling BLA is crucial for accessing “critical minerals” in the region. (AI image) The Donald Trump administration’s move to recognise the Baloch Liberation Army (BLA) as a Foreign Terrorist Organisation (FTO) may have its reasons rooted in a desire to mine rare earth deposits in…