Indian Business

Gold, silver and platinum surged to fresh record highs on Friday, driven by strong speculative momentum, and expectations of further US rate cuts amid rising geopolitical tensions.Silver crossed the $75-per-ounce mark for the first time, as both precious and industrial metals climbed to unprecedented levels amid economic and geopolitical uncertainty, Reuters reported. Major precious metals…

The Japanese government on Friday approved a record budget for the upcoming fiscal year, to pay for everything from bigger defence spending to ballooning social security costs as inflation persists.The 122.3-trillion-yen ($782 billion) budget for the fiscal year from April 2026 will include some nine trillion yen for defence spending, as Prime Minister Sanae Takaichi…

Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark Indies, opened in red on Friday on lacklustre global and domestic cues. While Nifty50 was just above 26,100, BSE Sensex was down over 140 points. At 9:16 AM, Nifty50 was trading at 26,101.30, down 41 points or 0.16%. BSE…

Goldman Sachs initiated its coverage of PhysicsWallah with a neutral rating and a target price of Rs 135. Analysts said the company is one of India’s largest edtech platforms, with a broadly equal mix of revenues from online and offline segments. They forecast a 24% compounded annual growth rate (CAGR) of revenue for FY25-FY30 (vs…

NEW DELHI: Once relegated to the fringes of lifestyle care, obesity drugs have emerged as one of the world’s most powerful growth sectors, ranked by McKinsey alongside AI, EVs and robotics as trillion-dollar opportunities by 2040. In India, the surge in the weight-loss and metabolic therapy market is set to shape pharma’s growth narrative in…

Many Indians looking to transfer money overseas are facing tightened scrutiny from high street banks, demanding to provide detailed proof behind the origin of the funds. This comes as rupee continues to slide against the US dollar and many rush to move their funds abroad.Over the past month, at least two Mumbai-headquartered private sector banks…

IndiGo, on Thursday, canceled 67 flights, with 63 due to expected bad weather and 4 for operational reasons. The cancellations affected several airports including Agartala, Chandigarh, Dehradun, Varanasi, and Bengaluru. This comes while the airline is already under DGCA monitoring following massive flight disruptions earlier this month.The winter fog season, as announced by DGCA, runs…

H-1B visas have long been the sought after route to the US for Indians. (AI image) New H-1B visa rules decoded: US President Donald Trump believes that America doesn’t have enough talented people – yet he is cracking down on immigration and introducing stricter controls on the people who can study and work in the…

NEW DELHI: The government is set to launch SWAMIH-2 Fund, a Rs 15,000-crore initiative aimed at helping nearly 100,000 middle-class homebuyers complete their stalled housing projects. This follows the success of SWAMIH-1, which has already completed 55,000 dwelling units. The government has allocated Rs 1,500 crore as seed capital in Budget 2025-26 for this purpose.The…

The RBI has revised its full year growth estimate upwards to 7.3%. (AI image) By DK SrivastavaThe first and second quarter 2025-26 real GDP growth rates at 7.8% and 8.2% respectively provide a post-Covid robust growth performance. The full year growth is expected to be more than 7%. The RBI has revised its full year…