Asian stocks began the week on a positive note, following Wall Street’s gains on Monday, as tech stocks drove investor’s sentiments and currency markets grappled with volitality, with Japan’s yen sliding to record lows.In Japan, Nikkei added 973 points or 1.97% to reach 50,480 at 8:40 AM IST. South Korea’s Kospi also inched 1.88% to…
Gold prices on Monday hit record high on expectations of more interest rate cuts by the US Fed and the yellow metal’s status as the steady safe-haven amid weak dollar.Spot gold surged to $4,383.73 after fresh US economic data signalled continued weakness in the labour market, while easing inflation strengthened expectations of further monetary easing…
Jefferies has initiated its coverage of Groww with a buy recommendation and a target price of Rs 180. Analysts said Groww is the largest broker in India in terms of active clients, despite starting the business in FY21. They believe Groww has several levers to drive 35% compounded annual growth rate (CAGR) of its earnings…
CII president Rajiv Memani, who is chairman and CEO EY India, describes 2025 a year of reforms and calls for the momentum to continue. In an interview with TOI he flags power, mining, ease of doing business and judicial reforms as focus areas. Excerpts:There have been a series of reforms this year, starting with the…
MUMBAI: The amendment to insurance laws is expected to trigger a fresh round of consolidation and deal-making in the sector, alongside new capital inflows following govt’s decision to permit 100% foreign direct investment.Apart from opening the door to higher foreign ownership, the new bill seeks to widen consolidation options by allowing insurance companies to amalgamate…
MUMBAI: The win-loss ratio in the SME IPO space has been nearly equally distributed in 2025. Of the 254 small and medium enterprises that tapped the primary market and have been listed till Dec 19, this year, 120 stocks were still in the green, while 132 stocks were in the red. And two were at…
MUMBAI: A new report warns that proposed changes to housing data collection risk overcorrecting an implementation problem rather than fixing a design flaw. Critiquing the govt’s plan to shift to monthly rent surveys, the authors say the move amounts to “throwing the baby out with the bathwater,” based on a flawed diagnosis and an unnecessarily…
India’s stock market has become one of the calmest in the world – so calm that it’s prompting a rethink of strategies among players in the country’s vast derivatives space.Despite geopolitical flare ups and a recent global selloff in risk assets, Nifty has barely budged for months as domestic money overwhelms foreign flows and derivatives…
BENGALURU: Air India will discontinue non-stop San Francisco services from Bengaluru and Mumbai from March 1, citing aircraft deployment challenges and higher costs due to airspace restrictions. The move has triggered confusion and concern among passengers from the two cities who have made bookings, particularly for travel beyond Feb 28.The Tatas-owned airline will, however, scale…
NEW DELHI: The Food Safety and Standards Authority of India (FSSAI) firmly rejected claims linking eggs to cancer risk, saying eggs sold in India are safe for consumption and that recent reports and social media posts are scientifically unsupported and alarmist.Clarifying concerns over alleged presence of nitrofuran metabolites (AOZ) – trace marker residues that may…
