MUMBAI: Following an understanding reached between India and Pakistan over the weekend on the stoppage of military action, a semblance of normalcy seems to be setting in the border towns.Businesses are largely resuming full operations, and employees are returning to offices in these areas. Companies with a wider coverage of manufacturing and other processes, however,…
MUMBAI: India is the most preferred market to invest in now in Asia, a survey of global fund managersby BofA Securities found. A large number of these fund managers believe that India would be the biggest beneficiary of the tariff-related realignments. India replaced Japan, which is now at the second spot among the most favoured…
MUMBAI: Indian Renewable Energy Development Agency on Wednesday filed an insolvency plea against troubled Gensol Engineering over a default of Rs 510 crore, the power financier said in an exchange filing.The application was filed under section 7 of theInsolvency and Bankruptcy Code.Troubles at Gensol unfolded after a Sebi probe revealed in April that the company’s…
Market watchers continue to monitor geopolitical developments, institutional investment patterns, and forthcoming economic indicators. (AI image) Stock market today: Stock market indices Nifty and Sensex finished higher in volatile trading on Wednesday, driven by selective buying amid falling inflation and positive global signals. The markets were supported by strong performance in metal and industrial sectors,…
India is preparing for substantial procedural changes to facilitate the import of US apples, addressing concerns highlighted in the March 31 USTR report. (AI image) India-US trade deal: Both India and the United States are making significant headway in reducing bureaucratic obstacles affecting trade in various commodities between the two nations.Over the past two weeks,…
The State Bank of Pakistan announced that these funds will reflect in the country’s foreign exchange reserves. (AI image) Pakistan has obtained the second instalment of special drawing rights amounting to 760 million ($1,023 million) from the International Monetary Fund (IMF) through the extended fund facility programme. Another Victory! Indian Soldier Released By Pak After…
Representative (Photo credit: ANI) NEW DELHI: Protests have erupted in several parts of the nation, as fruit traders begin boycotting Turkish goods, especially apples—after Turkey voiced support for Pakistan in its actions against India.Traders have strongly opposed Turkey’s stance, saying any country that supports Pakistan against India will face a boycott. “Turkey gave drones to…
NEW DELHI: Tata Power on Wednesday reported a nearly 25% increase in consolidated net profit to Rs 1,306.09 crore for the March quarter of FY25, driven by strong performance across its key segments- generation, transmission, distribution, and renewables.The consolidated profit for the quarter ending March 31, 2024, stood at Rs 1,045.59 crore, as per regulatory…
Four Indian firms invested close to $6 million in Azerbaijan and Turkey as part of the country’s total outbound foreign direct investment (FDI) for April, according to the data released by Reserve Bank of India on Wednesday.These contributions represent a small portion of the overall $6.8 billion in proposed overseas investments by Indian companies that…
NEW DELHI: India’s trade relations with Turkey and Azerbaijan are facing new challenges after both countries voiced “support for Pakistan” and criticised New Delhi’s recent strikes on terror camps in Pakistan and Pakistan-occupied Kashmir. Their stance has sparked nationwide calls in India to boycott goods from Turkey and Azerbaijan and avoid traveling to these countries.Online…
