Business

Historical patterns indicate a potentially muted period for Indian equity markets in September. Last year during this month, Indian stocks reached their highest points before experiencing significant volatility.Statistical analysis by Motilal Oswal Financial Services, cited by Economic Times, reveals that both Nifty 50 and Nifty 500 have declined in six out of the previous ten…

Data reveals a decline in India’s US T-bill investments in June compared to the previous year, whilst its gold reserves increased during this period. (AI image) US Treasury bills seem to be losing favour, with the Reserve Bank of India (RBI) stepping up gold holdings to increase India’s foreign exchange reserves. India’s central bank has…

Harry Dent, the Harvard Business School graduate and economic forecaster often labeled a “doomsday expert” for his decades of bearish market predictions, has taken a surprisingly optimistic stance on cryptocurrency. In a recent conversation with Rich Dad Poor Dad author Robert Kiyosaki, Dent argued that Bitcoin and crypto technology could transform the $630 trillion global…

Representative image (AI-photo) Electric vehicle manufacturers are expressing strong opposition to a proposed GST increase on high-end electric vehicles, cautioning that it could hamper progress in the nation’s transition to clean mobility at a crucial time.The GST rationalisation group of ministers (GoM) has suggested raising tax rates to 18% from 5% for EVs priced above…

US celebrates labour day on September 1 (Representative AI image) Labor Day, observed on the first Monday in September, honors the American labor movement and the millions of workers who power the US economy. This year, the holiday falls on September 1, and while it offers a long weekend for many, it also means some…

The rupee’s trajectory has become a key concern for financial markets. Banks have reduced trading exposures, while numerous importers with large unhedged positions are facing losses. Corporates engaged in over-the-counter forex derivative transactions, anticipating stable rupee levels, are reportedly worried as the currency crosses 89. The financial sector remains uncertain whether the Reserve Bank of…

Peter Navarro (File photo) US President Donald Trump’s advisor Peter Navarro renewed his criticism of India, accusing the country of indirectly funding Russia’s war in Ukraine through discounted oil purchases—and claiming that Brahmins are profiting at the expense of Indians.“Look, Modi’s a great leader. I don’t understand why he’s getting into bed with Putin and…

Kotak has upgraded Clean Science to buy from reduce with the target price at Rs 1,370 from Rs 1,380 earlier. Analysts feel the risk-reward ratio is now favourable for the stock. The stock fell over 20% in just a month following the founding family’s 24% stake sale, which is now concluded. Analysts now find risk-reward…