File photo: Japan’s finance minister Katsunobu Kato (Picture credit: AP) Japan’s finance minister Katsunobu Kato has for the first time publicly floated the possibility of using the country’s vast US Treasury holdings, worth over $1 trillion, as a potential card in ongoing trade negotiations with Washington, reported Reuters.In a televised interview on Friday, Kato said…
Demonstrations are expanding throughout China as the consequences of Trump’s tariffs push manufacturing industries towards collapse. (AI image) Donald Trump tariff impact: Civil disorder and unrest has broken out across China as severe tariffs imposed by US President Donald Trump are expected to severely impact the country’s export-based economy, leading to business closures, wage defaults…
What sets this new PLI scheme apart is its structured incentives, strategically designed to support Indian manufacturers. (AI image) By Nikit Popli and Neetu SinghIn a strategic move to accelerate India’s vision of becoming a global electronics manufacturing hub, the Union Cabinet has approved a Production-Linked Incentive (PLI) scheme worth ₹22,919 crore for the manufacturing…
Gold rate today (AI image) Gold rate today on May 2, 2025: In the last few days, Gold June futures at MCX have seen considerable selling pressure from peak levels, declining by Rs 6,700/10 grams due to positive developments in US-China trade talks and strengthening dollar.Today, Gold June futures started trading 0.35% higher at Rs…
Stock market today (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Friday, the first trading day of the month. While Nifty50 rose over 100 points to cross 24,400, BSE Sensex was above 80,600. At 9:19 AM, Nifty50 was trading at 24,424.00, up 90 points or 0.37%.BSE…
Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, Eternal (Zomato) and KEI Industries are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for May 2, 2025:Index View: NIFTYIndian equity benchmarks during last week maintain a positive yet cautious bias,…
New Delhi: India and EU are working to reduce trade and non-trade barriers as part of the proposed FTA, commerce & industry minister Piyush Goyal said, while asserting that the two sides are working to conclude talks by the end of 2025. “As we advance in our negotiations, our focus is on enhancing market access…
MUMBAI: Eternal (formerly Zomato) saw its net profit drop 78% to Rs 39 crore in the March quarter from Rs 175 crore in the year-ago period on a consolidated basis as expenses shot up on the back of heavy investments in quick commerce business Blinkit. Revenue from operations increased to Rs 5,833 crore in Q4…
Mumbai: Indians are pledging more gold than ever. Outstanding bank loans against the precious metal more than doubled in the year to March 2025, rising 103% from just over Rs 1 lakh crore to nearly Rs 2.1 lakh crore, RBI data showed.The surge madegold loans the fastest-growing segment, even as overall bank credit growth slowed…
New Delhi: GST collections grew by 12.6% – the fastest pace of expansion in 17 months – to reach a record Rs 2,36,716 crore in April, buoyed by an over 20% jump in mop-up from imports.Collections from domestic sources were 10.7% higher at a little under Rs 1.9 lakh crore, while gross import revenue rose…
