This image is AI-generated and representational. Retail inflation in India is set to touch a record low in July 2025, with average inflation for the financial year 2025–26 likely to remain well below the Reserve Bank of India‘s (RBI) projection, according to a new report by the State Bank of India (SBI).“We believe that the…
Asian shares were mixed on Tuesday, as renewed concerns over US President Donald Trump’s tariff plans unsettled investors. Japan’s benchmark Nikkei 225 gained 64 points, or 0.16%, in morning trade, reaching 39,524. Hong Kong’s Hang Seng Index also edged up by 47 points, or 0.2%, to 24,250. However, South Korea’s Kospi slipped 5 points, or…
Market experts anticipate a period of consolidation, as investors await developments regarding the India-US trade agreement. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday. While Nifty50 was above 25,100, BSE Sensex was up over 150 points. At 9:20 AM, Nifty50 was trading at 25,138.75,…
Ola Electric experienced a significant revenue drop of 49.6% year-over-year, with revenue falling to Rs 828 crore in the June quarter from Rs 1,644 crore in the previous year. Despite this decline, the company saw a positive trend with a nearly 36% increase in revenue on a sequential basis, indicating potential growth momentum. Source link
The Pentagon has awarded contracts to several leading US artificial intelligence firms, including Elon Musk’s xAI, despite the company coming under fire recently for offensive content generated by its chatbot Grok.Announced on Monday, the contracts with xAI, Anthropic, Google, and OpenAI each carry a ceiling value of $200 million, according to the Pentagon’s chief digital…
India’s booming economy and rising number of high-net-worth individuals (HNIs) are set to drive more than 20% annual growth for wealth management firms over the next three years, global brokerage Jefferies has projected in a new report.Jefferies said the core wealth management (WM) segment in India is likely to see strong momentum, backed by expanding…
The US government on Monday announced a 17% import duty on most fresh tomatoes from Mexico, aiming to protect and revive its own domestic tomato industry. The move comes after talks with Mexican officials collapsed without reaching a new agreement to avoid the tariff.Mexico currently supplies about 70% of the US tomato market, up from…
India’s Global Capability Centres (GCCs) could contribute as much as $0.5 trillion to the country’s gross value added (GVA) over the next decade, as India advances toward becoming a $10 trillion economy, a top Goldman Sachs executive said on Monday.Gunjan Samdani, Co-Chairman of Goldman Sachs India, said the GCC sector is expected to directly employ…
The rupee weakened by 12 paise to close at 85.92 against the US dollar on Monday, hit by rising global crude oil prices and a firm greenback, even as the Reserve Bank of India stepped in to limit losses. The domestic unit had ended at 85.80 per dollar on Friday.At the interbank foreign exchange market,…
A high-level committee has approved a framework to enable the transfer of surplus land and buildings held by telecom PSUs — Bharat Sanchar Nigam Ltd (BSNL), Mahanagar Telephone Nigam Ltd (MTNL), and ITI Ltd — to central government organisations without an auction.The proposal, cleared at a meeting of the Committee of Secretaries in June, allows…
