Indian Business

Nayara Energy has been facing challenges since July, when the European Union enacted its 18th sanctions package. (AI image) Russia-backed Indian refinery Nayara Energy is faced with a fresh challenge. India’s largest public sector lender SBI has stopped processing international trade and forex transactions for Nayara Energy following recent US tariff hikes. The bank’s decision…

Nearly 100,000 diamond cutting and polishing workers in Gujarat’s Saurashtra region have lost their jobs since the United States imposed a 10% baseline tariff in April, according to Gujarat’s Diamond Workers Union. According to ET, the union’s vice-president, Bhavesh Tank, said that the pace of layoffs accelerated over the past 10 days, when the tariff…

Analysts anticipate steady market conditions whilst monitoring developments regarding US tariff. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Tuesday. While Nifty50 was below 24,600, BSE Sensex was near 80,500. At 9:18 AM, Nifty50 was trading at 24,569.75, down 15 points or 0.062%. BSE…

Gold price prediction: Gold is still caught in its nearly 12-week-old range of $3,250-$3,450. (AI image) Gold price prediction today: Gold rates are stuck in a range despite spurts of positive upside. Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan shares his views on gold price outlook and what levels…

Top stocks to buy or sell today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Hindustan Zinc is a sell call today, while L&T (Larsen & Toubro) is a buy call:Hindustan Zinc – Sell in the range between Rs 420 & Rs 415; Stop…

MUMBAI: R Doraiswamy, who took over as MD & CEO of LIC less than a month ago, wants the corporation to retain its position as the largest insurer. He speaks to TOI about LIC’s strategies.With both markets and interest rates down, how will you increase returns? Have you repriced any products because of the fall…

MUMBAI: Tata Group‘s flagship hospitality arm, The Indian Hotels Company, (IHCL) is set to acquire a controlling stake in midscale chain Clarks, strengthening its play in the country where tourism and business travel are rapidly growing. IHCL, known for the Taj chain, will buy 51% each in ANK Hotels and Pride Hospitality for a total…

NEW DELHI: William Grant & Sons, the maker of top Scottish whisky brands, such as Glenfiddich, Monkey Shoulder, and Balvenie, apart from Hendrick’s Gin, has called the India-UK trade deal a “landmark” agreement. This deal will lead to the entry of new higher-end editions in the country, apart from giving a fillip to the sale…

RBI Governor Sanjay Malhotra (File photo) MUMBAI: RBI Governor Sanjay Malhotra has said that the regulator has left it to individual banks to decide on the extent of minimum balance required and there was no regulatory restriction on that.“What kind of minimum balance required is left to the banks. Some of them have kept Rs…

NEW DELHI: The Adani Group has further expanded its presence in the maintenance, repair and overhaul (MRO) space. After acquiring Air Works, it has now bought another major MRO player in Nagpur.Adani Defence Systems and Technologies (ADSTL), through its joint venture Horizon Aero Solutions, has signed a definitive agreement to acquire a 100% stake in…