Indian Business

British pharmaceutical giant AstraZeneca on Tuesday announced plans to invest $50 billion in the United States, including the construction of a multi-billion-dollar manufacturing facility in Virginia—its largest-ever single manufacturing investment—amid rising pressure from the Trump administration’s tariff push.The company said it expects 50% of its total revenue to come from the US by 2030, underlining…

AI-generated image used for representation NEW DELHI: Ahead of Prime Minister Narendra Modi’s visit to the United Kingdom, foreign secretary Vikram Misri on Tuesday addressed questions about growing Western pressure on India over buying Russian oil. He made it clear that India’s energy needs come first.Misri said, “…We have been very clear that insofar as…

Stringent classification of Russia-origin fuels could create difficulties for Indian exporters. (AI image) Russia oil sanctions impact: Indian exporters will likely face challenges from the European Unin’s decision to sanction oil supply with Russia as its source of origin. The European Union‘s ban on Russian crude-derived fuels, set to take effect from January 21 next…

Short-term investors are leaning towards ICICI Bank in the private banking space, thanks to its solid June quarter results. With strong profit growth and steady margins, ICICI is currently edging out rival HDFC Bank in investor preference.HDFC Bank is currently dealing with various post-merger issues, notably an elevated credit-deposit (CD) ratio, which has affected investor…

Sovereign Gold Bonds or SGBs are government-backed securities measured in grams of gold. (AI image) Soverign Gold Bond redemption: The Reserve Bank of India (RBI) has announced the early redemption value for Sovereign Gold Bonds (SGB) 2018-19 Series-V. Investors can opt for early redemption only after holding the bonds for five years from the issue…

In the Indian market, Apple’s primary suppliers include Foxconn and Tata Electronics. (AI image) China’s rare earth metal export curbs may soon begin hitting production of Apple AirPods in India. China has stepped up restrictions on exports of rare earths and various industry sectors have raised the alarm on the possible impact of the unavailability…

Market observers anticipate sideways movement, with attention on quarterly results. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 went above 25,100, BSE Sensex was up over 150 points. At 9:26 AM, Nifty50 was trading at 25,123.10, up 32 points or 0.13%. BSE…

Asian markets hovered near a four-year high on Tuesday, supported by Wall Street’s record close and optimism around upcoming corporate earnings. Investors also tracked global trade developments, especially US tariff talks with key partners, Reuters reported.Japanese markets reopened after a holiday, reacting calmly to weekend election results where the ruling coalition lost in the upper…

MUMBAI: SBI said that its Rs 25,000-crore qualified institutional placement was subscribed 4.5 times with two-thirds bids (64.3%) coming from global investors, who were allotted one-third of the issue. Domestic investors, led by LIC, got two-thirds. LIC’s stake in SBI has risen by 28 percentage points to 9.21% after the QIP, indicating it invested Rs…

BENGALURU: Eternal-the listed parent of Zomato – posted a net profit of Rs 25 crore, an over 90% decline from Rs 253 crore in the year-ago period, due to increased investments in Blinkit and other emerging segments. Eternal reported a 70% year-on-year increase in consolidated revenue to Rs 7,167 crore for the quarter. Source link