MUMBAI: Tracking slides in global prices of gold and silver, two precious metals witnessed correction in domestic market during Tuesday’s Muhurat trading session on MCX. A similar trend was observed in the spot market, although trading was thin on Diwali day, market players said.Global investors are looking for a ‘risk-on’ rally, meaning investors are again…

MUMBAI: As the Dalal Street tradition goes, Indian investors only buy stocks during the Muhurat session on Diwali day. As a result, leading indices typically close with gains in the special trading session, even if it’s marginal.Tuesday’s hour-long Muhurat session that marked the start of Samvat year 2082, was no different. After opening a little…

MUMBAI: Global aerospace giants are boosting their sourcing from India, accelerating growth in the country’s emerging aircraft component sector. Local companies are expanding capacities, moving beyond basic manufacturing to higher-value work, and scouting for acquisitions, with revenue numbers soaring due to robust orders.The sector is also gearing up to launch about Rs 5,700 crore of…

MUMBAI: A study of the surge in fundraising by Indian SMEs through IPOs in FY24 and FY25 published by RBI has found that the reputation of the lead merchant banker is the single biggest factor determining success.According to the report, investor demand is shaped less by the issuing company’s fundamentals than by the intermediary’s credibility…