This is a representative AI image (Pic credit: Lexica) Jakob Stausholm, the CEO of mining giant Rio Tinto, will step down later this year, the company announced on Thursday, marking a surprise move. Stausholm, who led the company through a period of significant cultural and strategic transformation, will remain in his role until a successor…
Gold rate today: Some experts believe that safe-haven demand for precious metals may persist due to weakness in global equities. (AI image) Gold rate today: Gold June futures at MCX initiated trading steady with an upward inclination at Rs 95,600/10 grams, reaching their highest point in two weeks, despite experiencing some profit-taking influenced by global…
This is a representative image (Pic credit: Lexica) US stocks ended little changed on Thursday after a volatile session, as easing Treasury yields helped offset early losses triggered by growing concerns over the federal deficit.The market stabilised following the House of Representatives’ approval of US President Donald Trump’s sweeping tax and spending bill.The Dow Jones…
MUMBAI: Amid a probe by markets regulator Sebi, IndusInd International Holdings (IIHL), the original promoter of IndusInd Bank, on Thursday reaffirmed its support for the bank’s board and management following the disclosure of a large-scale accounting fraud in the March quarter and vowed to pump in equity capital, if required. Ashok Hinduja, chairman of IIHL,…
Asian stock markets calmed on Friday after a rough day, helped by a drop in US bond yields and hopes for more economic stability. Investors were watching closely after US President Donald Trump‘s new tax-cutting budget passed a key vote in the House of Representatives.The bill, called the “One Big, Beautiful Bill Act,” extends Trump’s…
NEW DELHI: Gross foreign direct investment (FDI) into India rose 13.6% to $81 billion during the last financial year, the fastest pace of expansion since 2019-20.The increase in the year was despite a contraction seen during the fourth quarter of 2024-25 when inflows on a gross basis declined 6% to $17.9 billion, probably due to…
Top stocks to buy today (AI image) Stock market recommendations: According to Bajaj Broking Research, NMDC and Polyplex Corp are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for May 23, 2025:Index View: NIFTYIndian equity markets traded with downward bias during the current week weighed…
NEW DELHI: The Adani Group has reported its highest-ever pre-tax profit of nearly Rs 90,000 crore for the fiscal year ending March 31, 2025, supported by robust operational performance and sound financial management. EBITDA rose to Rs 89,806 crore in FY25 from Rs 24,870 crore in FY19, reflecting a six-year compound annual growth rate (CAGR)…
NEW DELHI: ED has identified properties worth Rs 75 crore associated with jailed former CMD of UCO Bank Subodh Kumar Goel which were allegedly acquired through bribes received for sanctioning loans worth thousands of crores to Concast Steel & Power Ltd (CSPL), which later defaulted on repayments.Sources said Goel, who was arrested by ED from…
File photo: Dilipkumar Khandelwal BENGALURU: After a five-year stint, Dilipkumar Khandelwal stepped down as CEO of Deutsche India, head of global technology centres, and MD & global CIO of corporate functions in Deutsche Bank.Sources told TOI that he is beginning a new innings in the startup space.As CEO, his role was focused on optimising multiple,…
