Business

Market participants are awaiting crucial global economic indicators, including US Services and Manufacturing PMI releasing today, alongside financial results. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday. While Nifty50 was below 24,700, BSE Sensex dropped over 150 points. At 9:23 AM, Nifty50 was trading…

The effective US tariff rate on Indian goods jumped to 20.7 per cent in 2025 from just 2.4 per cent in 2024, Fitch Ratings said in its latest assessment. Fitch reported, quoted by ET, noted that the overall US effective tariff rate stands at 17 per cent- about 8 percentage points lower than the estimate…

Top stocks to sell today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Naukri, and Tata Motors are the top stocks to sell today:Naukri – Sell in the range between Rs 1375 & Rs 1365; Stop Loss: Rs 1415; Target: Rs 1320Naukri has broken…

Mumbai: US President Donald Trump’s tariffs threat is casting a long shadow over Indian markets, pushing the rupee to a record closing low, and weighing on equities. The domestic currency ended Monday at 87.67 against the dollar – a new closing low – even as most Asian peers gained. The move reflects the pressure Indian…

Mumbai: IndusInd Bank has appointed Rajiv Anand as its managing director and CEO, effective Aug 25 for a three-year term, following approval from the RBI. The appointment comes at a time when the bank is seeking to restore stability after internal lapses and top-level resignations.Anand, who previously served as deputy managing director at Axis Bank,…

Mumbai: Tata Sons will dilute its stake in Tata Capital by nearly 10 percentage points through an IPO that combines a fresh issue and an offer for sale. The offering, comprising a total of 47.6 crore shares, includes a fresh issue of 21 crore shares and an offer for sale of 26.6 crore shares. Tata…

New Delhi: American President Donald Trump’s latest announcement of a possible “substantial increase” in tariffs on Indian goods, added to the uncertainty for exporters, amid indications that govt was looking at select segments of affected industries instead of a broad-based support.To go ahead with the orders for the upcoming busy season around Christmas, tariff uncertainty…

Mumbai: China’s Ant Group will exit Paytm by selling its remaining 5.8% stake in the company through one or more block deals worth at least Rs 3,800 crore (about $434 million) on Tuesday, a term sheet showed.Ant Group (formerly Ant Financial), one of the early investors of the Noida-based fintech is an affiliate of Chinese…

New Delhi: PB Balaji, the group CFO of Tata Motors, will take charge as the CEO of British marquee Jaguar Land Rover from Nov this year, becoming the first Indian to lead the luxury car ompany in an executive role. Balaji will succeed Adrian Mardell, who expressed his desire to retire from JLR after three…

The allotment results for NSDL’s Rs 4,011.60-crore initial public offering (IPO) is set to be announced Monday i.e. August 4, following an overwhelmingly positive response from investors. The IPO, priced at Rs 800 per share, was oversubscribed 41.02 times, signalling strong investor confidence. Listing and market sentiment Shares of NSDL are set to be listed…