Reliance Jio’s upcoming stock market debut could reshape India’s telecom sector, with financial services firm CLSA calling it a “mega event” that may also trigger a rerating of Bharti Airtel. The brokerage underlined that Jio, which commands a subscriber base of over 500 million across 4G and 5G networks, holds 42 per cent market share…
Citi has appointed banking veteran Kaustubh Kulkarni as co-head of its Investment Banking Coverage for Japan, Asia North and Australia, and Asia South, according to an internal memo seen by Reuters.Kulkarni, who will join in December subject to regulatory approvals, will be based in Singapore and serve alongside current head Jan Metzger. Both will report…
The global funding target set for COP30 is far behind schedule, with only 4-5 per cent of the promised $1.3 trillion achieved so far, claimed Vishwas Chitale, Fellow, Climate Resilience at the Council on Energy, Environment and Water (CEEW).In an exclusive interview to news agency ANI, Chitale stressed that the $1.3 trillion target is crucial…
The proposal to reduce drug costs for Americans through pharmaceutical tariffs could have unintended consequences. (AI image) US President Donald Trump is mulling tariffs on the pharmaceutical sector – as high as 200%! Trump intends to levy substantial import duties on pharmaceutical products, a sector that has largely remained unaffected by his trade policies. Historically,…
Indian and Chinese companies are moving quickly to firm up joint ventures and partnerships in electronics and automobiles after the recent meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping.Both leaders have pledged to improve ties, a signal that has boosted business sentiment amid US tariff pressures.According to industry executives cited by ET,…
India’s services sector expanded at its fastest pace in 15 years in August, driven by strong demand and rising international orders, according to the HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global.The index rose to 62.9 in August from 60.5 in July, marking the sharpest growth since June 2010. A reading above…
Broader bullish trend can take gold prices to witness new highs in coming weeks. (AI image) Gold price prediction today: Gold is expected to trade in a sideways range with a bullish bias, while silver is likely to continue its bull run, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock…
The upcoming GST Council meeting could influence market sentiment. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was near 24,600, BSE Sensex was up over 50 points. At 9:16 AM, Nifty50 was trading at 24,592.05, up 12 points or 0.051%. BSE Sensex…
NEW DELHI: India had moved the World Trade Organisation, questioning the 50% tariff imposed by the Trump administration on certain copper products imported into the US.“India considers that the measure, although claimed to be taken for security interests, are, in essence, a safeguard measure,” it said in a communication to the Geneva-based global trade watchdog…
Anthropic has closed a deal to raise $13 billion from investors in a new funding round that nearly triples its valuation to $183 billion, including dollars raised – a larger-than-expected haul that makes the AI company one of the most valuable startups in the world. The financing, one of the largest to date for an…
