Market

India is on course to become the world’s third-largest economy soon, Finance Minister Nirmala Sitharaman said on Tuesday, highlighting the country’s rapid economic transformation, fiscal discipline, and resilience amid global uncertainty.Addressing students at the Delhi School of Economics, Sitharaman said India’s steady climb from the world’s tenth-largest economy in 2014 to the fifth today demonstrates…

Wall Street pointed to a weaker open on Tuesday as technology stocks that fuelled early-week gains retreated, with investors scaling back expectations of another Federal Reserve rate cut this year amid persistent inflation concerns.Futures for the S&P 500 slipped 1%, while those for the Dow Jones Industrial Average were down 0.6%. Nasdaq futures fell the…

Saudi Aramco reported a net profit of $26.9 billion for the third quarter, slightly lower than last year, as subdued global crude prices weighed on earnings even as the company outperformed analyst forecasts.The world’s largest oil producer said total revenue stood at $111 billion in the July–September quarter, down from $123 billion in the same…

Seeking to strengthen India’s position as a global hub for advanced steel production, the government on Tuesday launched the third round of the Production Linked Incentive (PLI) scheme for speciality steel, aimed at driving new investments and cutting import dependence in high-value segments such as defence, aerospace, automobiles, and infrastructure.Union Steel Minister H D Kumaraswamy…

After flying high in the June quarter, IndiGo’s earnings took a sharp turn as the airline posted a net loss of Rs 2,582 crore for the September quarter. The reversal comes despite steady growth in operations and passenger traffic, with revenue rising 9% year-on-year (YoY) to Rs 18,555 crore, according to an ET report. In…

Gopichand P Hinduja, the Hinduja Group Chairman, passed away in London on Tuesday according to a PTI report. The business world veteran was 85 years old.Gopichand, a member of the Hinduja family’s second generation, assumed the role of chairman after his older brother Srichand passed away in May 2023.He leaves behind his spouse Sunita, two…

The diversification strategy that India adopted after the US imposed a steep 50% tariff on Indian goods, is beginning to yield early gains.With exporters suddenly facing the higher duty, introduced in two phases: 25% from 7 August and doubled to 50% from 25 August, many have turned towards alternative markets across Asia, Europe and the…

Lenskart Solutions, India’s largest eyewear retailer, is in the final day of bidding for its Rs 7,278-crore initial public offering. Interest from investors has been firm so far. By the end of the second day, bids were placed for 20.11 crore shares, compared with the 9.97 crore shares available, taking total subscription to 2.02 times.While…

Central banks worldwide increased their gold acquisitions during the third quarter of this year, with a net addition of 220 tonnes. (AI image) Betting big on gold as a reserve asset, central banks around the world have ramped up their gold reserves in the third quarter of the ongoing calendar year 2025. Gold is traditionally…

Railway minister Ashwini Vaishnaw recently said that two rakes of Vande Bharat sleeper trains will be launched together. Vande Bharat sleeper train: Indian Railways is aiming to launch the first Vande Bharat sleeper train in the coming months, but ahead of its launch the Ministry of Railways has highlighted concerns regarding the quality of furnishings…