US Treasury Secretary Scott Bessent US Treasury Secretary Scott Bessent on Tuesday said India has been headstrong in ongoing trade negotiations with Washington, describing New Delhi as “a bit recalcitrant.” His remarks came days after President Donald Trump announced an additional 25 per cent tariff on Indian imports, citing the country’s Russian oil purchases. Bessent…
Market observers anticipate a period of consolidation, backed by domestic investment flows. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was above 24,550, BSE Sensex was up over 250 points. At 9:16 AM, Nifty50 was trading at 24,587.55, up 100 points or…
CHENNAI: What do the new tariffs by the US mean for India’s auto component exporters? The math is complicated but the pinch is very real. According to auto analysts and industry experts, 15-20% of India’s US-bound auto-component exports could be lost in the short term. The US is India’s biggest exporting destination with 27% of…
MUMBAI: When people think about luxury brands, they associate them with huge brick-and-mortar stores. But players in this space are challenging that conventional norm – from global brands Bvlgari, Chanel, and Rado to homegrown luxury label Sabyasachi, companies are expanding online in India. Not all high-end labels are selling their entire portfolio online – couture,…
MUMBAI: Markets regulator Sebi has rejected a plea by Anil Ambani to settle charges related to investments in lender Yes Bank, potentially exposing him to at least a Rs 1,828 crore penalty. The case relates to Rs 2,150 crore invested by Ambani’s Reliance Mutual Fund between 2016-19 in Yes Bank’s additional tier-1 bonds, which were…
MUMBAI: In its efforts to make investing in India easier for investors of all types, markets regulator Sebi is aiming to make IPO filing through a template , optimising existing regulations for all investors including foreign funds, it said in its annual report for FY25. Investor education, including about cyber frauds related to the securities…
MUMBAI: Zerodha co-founder and billionaire investor Nikhil Kamath has invested in film actor Shah Rukh Khan‘s spirits business, increasing his involvement in the country’s alcobev sector following his stake purchase in India’s fourth-largest liquor player Radico Khaitan. Kamath owns 5% of D’yavol Spirits, founded by Shah Rukh and his son Aryan Khan. He also holds…
Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Intellect Design, Diffusion Engineers, and Sumitomo Chemical are the top stocks to buy today:Intellect Design – 50% Retracement + Oversold RSIBuy near: ₹930–₹910 | Stop Loss: ₹770 | Target: ₹1,200After making…
BENGALURU: Avendus Future Leaders Fund (FLF) III, part of the Avendus Group, and SBI Life Insurance have co-led a Rs 300 crore investment in Hyderabad-headquartered contract research, development and manufacturing organisation (CRDMO) Aragen Life Sciences.The fully secondary deal involves the two investors acquiring over 2.5% from the GVK Group’s Reddy family’s stake in Aragen, Ritesh…
Union Finance Minister Nirmala Sitharaman speaks in Lok Sabha during the Monsoon Session of Parliament, in New Delhi on Tuesday. (Sansad TV/ANI Video Grab) NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday introduced amendments to the Insolvency and Bankruptcy Code (IBC), aimed at making the law more effective and speed up the process, while proposing…
