Business

Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group, on Tuesday announced it will acquire US-based AluChem Companies Inc for $125 million (approximately Rs 1,075 crore) in an all-cash transaction to strengthen its global specialty alumina portfolio.In a regulatory filing, Hindalco said the deal will be executed through its step-down wholly-owned subsidiary, Aditya…

A group of Indian nationals who collectively invested hundreds of thousands of dollars into the US economy under the EB-5 Immigrant Investor Program (commonly referred to as the investment-linked green card) have sued the head of the US government office overseeing the program, alleging unlawful denial of their applications and failure to implement investor protections…

Oil prices fell sharply and global stocks rallied on Tuesday after President Donald Trump announced a ceasefire between Israel and Iran, easing fears of a broader conflict that could disrupt global crude supply.Benchmark US crude tumbled 4.9% to $65.12 a barrel, while Brent, the international benchmark, slid 4.8% to $67.14. The drop brought oil prices…

Federal Reserve Chair Jerome Powell said the central bank will maintain a cautious stance on interest rates and await more data before considering cuts—directly opposing President Donald Trump’s fresh demands for immediate rate reductions. “For the time being, we are well positioned to wait to learn more about the likely course of the economy before…

Union Telecom Minister Jyotiraditya Scindia (Pic credit- ANI) Union Telecom minister Jyotiraditya Scindia on Tuesday said that duopoly is not healthy for any sector and stressed the need for robust competition across the telecom ecosystem, while announcing that guidelines for delicensing 6 gigahertz spectrum for wifi services will be issued before August 15.Speaking at the…

ACME Solar marks dual milestone ACME Solar Holdings has fully commissioned its 300 MW Sikar Solar Project in Rajasthan, the company announced on Tuesday. With this, ACME’s operational renewable energy capacity now stands at 2,890 MW.This follows the activation of an additional 60 MW capacity on Monday. Earlier this quarter, the company had brought 240…

Gautam Adani (Pic credit- AP) Billionaire Gautam Adani on Tuesday said drones and anti-drone systems made by his conglomerate played a frontline role in Operation Sindoor — the precision counter-terror strike launched by Indian Armed Forces in direct retaliation for the Pahalgam terror attack.“Operation Sindoor called, and we delivered,” Adani told shareholders at the company’s…

According to HSBC’s analysis quoted in the report, India’s current discretionary spending stands at approximately $250 billion. (AI image) India is on the verge of a consumption boom – one that could potentially lead to an annual boost of $30–40 billion! A substantial consumer spending surge of $40 billion is poised to impact India’s economic…

India has, for the first time, secured a spot among the top 100 countries in the sustainable development goals (SDG) index, according to the latest Sustainable Development Report (SDR) released Tuesday by the UN sustainable development solutions network.India ranks 99th out of 167 countries on the 2025 SDG Index with a score of 67. This…

Top stocks to buy today (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBICAP Securities, Trent and Bharti Airtel are the top stock picks for today. Here’s his view on Nifty, Bank Nifty and the top stock picks with a 3-month horizon:Index View: Nifty ViewGlobal equity markets staged…