Market experts anticipate continued consolidation, pending further clarity on trade discussions. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday on global uncertainty regarding US President Donald Trump’s tariff policies. While Nifty50 was above 25,400, BSE Sensex was below 83,400. At 9:17 AM, Nifty50 was…
Having groceries delivered at your doorstep home in 10 minutes is very convenient for people especially in metro cities. Shopping on quick commerce apps has become a habit for many, but a section of consumers has started to feel the pinch of instant deliveries.Platforms such as Swiggy Instamart, Blinkit, and Zepto, which control the bulk…
MUMBAI: The banking sector saw a slowdown in the June quarter, with muted credit growth and uneven deposit performance, following a strong March-end push. HDFC Bank, the largest private lender, reported a 5.1% sequential rise in average deposits and a 0.4% increase in gross advances, joining some public sector banks in bucking the broader trend.The…
Rajiv Memani, chairman and CEO of consulting firm EY India has taken over as the new president of CII (Confederation of Indian Industry) at a critical juncture for India Inc. In an interview to TOI, Memani says the overall health of businesses is not bad and he expects a reasonably strong bounce-back in growth. Excerpts:Some…
PARIS: European auto major Stellantis believes a long-term stable policy framework and its uniform roll-out across different states in India is critical for automakers to execute business plans on a long-term basis.Stellantis, which has presence in India through brands like Jeep and Citroen, feels that policy framework should work informally across the nation so that…
MUMBAI: Markets regulator Sebi’s Rs 4,850-crore disgorgement order against global algo-based trader Jane Street group and its temporary ban from Dalal Street – for market manipulation – is unlikely to deter proprietary (prop) firms from trading on domestic bourses. Rather, the clampdown is expected to improve compliance and corporate governance among brokerages and funds that…
Savings a/c slowdown: PSBs may scrap min balance finesMUMBAI: Public sector banks are reconsidering the need for customers to maintain minimum balances in savings accounts, following discussions with the finance ministry over the declining share of current and savings accounts in total deposits.Canara Bank, Bank of Baroda, Punjab National Bank and Indian Bank have recently…
China on Sunday imposed a retaliatory ban on European companies bidding for large-scale medical equipment contracts, intensifying a simmering trade dispute with the European Union. The move comes just days after the EU restricted Chinese firms from participating in government medical device procurements over €5 million, citing Beijing’s long-standing exclusion of European products from its…
File photo: Finance minister Nirmala Sitharaman (Picture credit: PTI) Finance minister Nirmala Sitharaman held a series of high-level bilateral meetings with counterparts from Russia, China, Brazil and Indonesia in Rio de Janeiro, reaffirming India’s commitment to strengthening cooperation with fellow Brics nations and key emerging economies. The discussions took place on the sidelines of the…
This is an AI-generated image, used for representational purposes only. India’s electronics manufacturing industry is grappling with mounting pressure as recent restrictions on gold compound imports have compounded the sector’s ongoing struggle with China’s export curbs on rare earth magnets. As per news agency PTI, industry groups have warned that the dual hit could disrupt…