Consumer sentiment in the United States fell for the fifth straight month in May, driven by growing concerns over inflation linked to President Donald Trump‘s trade policies. According to preliminary data from the University of Michigan, the consumer sentiment index dropped by 2.7 per cent to 50.8- its lowest level since June 2022 and nearly…
India’s wheat procurement has surpassed the previous year’s level, reaching 28.66 million tonnes so far in the 2025–26 marketing year, according to official data released on Thursday. This marked the highest procurement since the 2022–23 marketing year, buoyed by expectations of a record wheat output of 115.3 million tonnes this season.In comparison, total wheat procurement…
Trump has asked Apple CEO to stop iPhone manufacturing in India and relocate production to the United States. Apple has big expansion plans for India – plans that are now being frowned upon by US President Donald Trump. Currently, Apple does not manufacture iPhones in the United States, but Trump wants that to change. Trump…
Novo Nordisk outgoing CEO Lars Fruergaard Jorgensen (Image credit: LinkedIn) Danish pharmaceutical giant Novo Nordisk, maker of popular weight-loss drugOzempic, announced on Friday that CEO Lars Fruergaard Jorgensen will step down, citing ongoing “market challenges” and a significant drop in the company’s share value. The board and Jorgensen reached a mutual decision to initiate a…
US markets showed slight gains in trading on Friday, continuing their recent upward momentum. With minimal news driving trading, market participants awaited the latest updates on consumer sentiment and inflation. The Dow Jones Industrial Average edged lower by 37.71 points to 42,285.04 (-0.09%), while the Nasdaq Composite rose 31.66 points to 19,143.98 (+0.17%) at the…
Gopichand P Hinduja (Image credit: Hinduja website) Gopi Hinduja and his family retained their position as Britain’s wealthiest, according to The Sunday Times Rich List, despite a drop in their overall fortune. The Hinduja family’s net worth now stands at £35.3 billion, down from £37.2 billion the previous year.Gopichand Hinduja, who belongs to the second…
US President Donald Trump on Thursday announced a series of business deals worth more than $200 billion between American companies and the United Arab Emirates, marking a major milestone in trade relations between the two nations.The agreement confirmed a $14.5 billion deal involving US aviation giants Boeing and GE Aerospace, and UAE’s national airline, Etihad…
Hyundai Motor India Ltd (HMIL) on Friday reported a 4% decline in its consolidated profit after tax (PAT) to Rs 1,614 crore for the fourth quarter ended March 31, 2025, attributed to lower sales in the domestic market.The automaker had reported a PAT of Rs 1,677 crore in the same period last fiscal.Despite the dip…
Gold price increase has been supported by central bank acquisitions in recent years. (AI image) Gold, traditionally a safe have investment, was the best-performing asset class in financial year 2024-25, according to the latest edition of NSE’s ‘Market Pulse’ report. Gold recorded a 41% gain in USD terms and 33% in rupee terms, reaching unprecedented…
The company’s shares dropped by 222 points (10%) to TRY 2,002 on May 16, continuing a substantial downward trend. (AI image) Celebi share price crash after India ban: Celebi Hava Servisi AS shares plunged in trade on Thursday with a significant 10% decline on the Istanbul Stock Exchange following the Indian authorities’ withdrawal of security…
