The locomotive engine is capable of transporting 4,600 tonnes of freight. Indian Railways’ first 9,000 HP electric locomotive engine was unveiled by PM Narendra Modi in Dahod on Monday. PM Modi inaugurated the locomotive manufacturing shop at Dahod’s rolling stock workshop.PM Modi is on a two-day tour of Gujarat on May 26 and 27, during…
Global markets saw mixed movement on Monday after the US President Donald Trump announced he would postpone imposing a 50% tariff on European Union goods, shifting the deadline from June 1 to July 9. The move offered some relief to investors after Trump had earlier warned that EU trade talks were “going nowhere” and threatened…
Gold price prediction: The focus for the week will be on Governor Powell and other Fed members’ speeches. (AI image) Gold price prediction today: Gold rates have been fluctuating on the back of rapidly changing geopolitical situations, Donald Trump’s tariff moves and the ongoing Russia-Ukraine conflict.Gold is a safe haven investment in times of uncertainty,…
Experts say that the market outlook remains positive, with broader market participation anticipated due to supportive macro factors and earnings momentum. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Monday. While Nifty50 went above 25,000, BSE Sensex gained over 700 points. At 9:55 AM, Nifty50…
Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting May 26, 2025) are Kaynes Technology and Marico. Let’s take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) Kaynes Technology 6025 7300 21% Marico 702 800 14% Kaynes TechnologyKAYNES…
MUMBAI: Dutch technology investor Prosus will use a mix of investments and acquisitions to bolster its play in India, where it is seeking to build a portfolio worth $50 billion in the years to come, Group CEO Fabricio Bloisi, who took over the top job in July last year, said.The firm’s approach will not be…
MUMBAI: RBI has acknowledged that government’s ownership of public sector banks makes its risk management job easier. In its latest economic capital framework report, RBI notes that such ownership has “demonstrably reduced the potential losses” it might face when offering emergency liquidity assistance (ELA), warranting lower capital buffers for these entities.In other words, govt-owned lenders…
NEW DELHI: From combing regulations at the Centre and in the states to make it easier for companies to invest, tailoring packages, and making investment pitches to global corporations, govt is seeking to ensure that foreign direct investment (FDI) flows into the country remain strong.India saw FDI inflows increase by 13.6% to $81 billion, and…
CHENNAI: Stress in the sector has left microfinance institutions bleeding. Listed MFIs have either reported a loss or a substantial decrease in their profits in the March quarter. This comes on the back of multiple factors including deterioration in asset quality, rising credit costs, borrower overleveraging and rising borrower overlaps that impacted the performance of…
NEW DELHI: In a major upset in the Indian smartphone market, Apple overtook Chinese giant Xiaomi in sales during the first quarter of this year, cracking the Top 5 ranking in terms of market share.While Apple has gained from rising demand for its premium iPhones, the fall for Xiaomi – which is now ranked sixth…
