India’s foreign exchange reserves fell by $4.888 billion to $685.729 billion for the week ended May 16, the Reserve Bank of India (RBI) reported on Friday. This follows a rise of $4.553 billion to $690.617 billion recorded in the previous week. The country’s forex reserves had reached a record high of $704.885 billion in September…
Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent on Friday, driven by buying in heavyweight stocks such as Reliance Industries, HDFC Bank, and ITC.Investor sentiment was further supported by expectations of a record dividend from the Reserve Bank of India (RBI) and easing US treasury yields, traders said.After a flat…
Goldman Sachs India Equity Portfolio, a subsidiary of Goldman Sachs, acquired approximately 11 lakh shares of TD Power Systems through block deals on Thursday. The purchase, amounting to Rs 50.30 crore, was made at a price of Rs 460 per share — reflecting a 7% discount compared to the previous day’s closing price of Rs…
India is preparing to open a significant portion of its protected government procurement market to foreign companies, including firms from the United States, two government sources said, marking a notable policy shift that could extend to other trading partners.This move comes shortly after India granted British companies access to select federal contracts under a new…
India, US push to finalise interim trade deal by July 8 as ministers hold talks in Washington NEW DELHI: Commerce and industry minister Piyush Goyal on Friday held his second round of discussions with US commerce secretary Howard Lutnick in Washington, as India and the US look to seal bilateral trade pact by July 8….
The investigating authority is specifically examining transactions over the previous 14 months. (AI image) India cracks down on suspected goods trade with Pakistan! The Financial Intelligence Unit (FIU) of India is investigating approximately 20 export houses suspected of engaging in illicit money transfers with Pakistan through the UAE corridor.These export houses are being suspected for…
India’s wealthy families and non-resident Indians are increasingly steering clear of Turkey and Azerbaijan for weddings and corporate events, amid rising tensions tied to those countries’ perceived support for Pakistan.Planners say several high-profile weddings and corporate events have already been rescheduled or relocated, dealing a blow to the region’s lucrative destination events business. Event managers…
This is BSE’s second bonus share issuance in its history, with the previous distribution occurring in March 2022. (AI image) BSE share price crash: BSE Ltd. shares dropped significantly by 66.6% during Friday’s trading session as the stock started ex-bonus trading, following the implementation of the organisation’s 2:1 bonus distribution.The company’s earlier announced 2:1 bonus…
Asian stock markets calmed on Friday after a rough day, helped by a drop in US bond yields and hopes for more economic stability. Investors were watching closely after US President Donald Trump‘s new tax-cutting budget passed a key vote in the House of Representatives.The bill, called the “One Big, Beautiful Bill Act,” extends Trump’s…
Gold prices: A failure to reclaim ₹96000 decisively could trigger a deeper correction toward ₹94500-₹94800 support zone. (AI image) Gold price prediction today: Gold prices are set to record a weekly gain after fluctuating for the last few weeks. The gold rate is still off its all-time high and investors are wondering whether they should…
