Finance Minister Nirmala Sitharaman on Monday clarified in the Lok Sabha that India’s rising gold reserves, including those held by the Reserve Bank of India (RBI), is not intended to replace any international currency. Photograph: Arnd Wiegmann/Reuters She responded to
Stock markets closed with losses for the fourth consecutive day on Monday with the benchmark Sensex declining by 548 points as fresh US tariff threats shook investor confidence and triggered selling in bluechip banking, metal and oil shares. Photograph: Danish
Farm and construction equipment firm Escorts Kubota Ltd on Monday (February 10) reported an 8.5% year-on-year (YoY) increase in net profit at ₹323.2 crore for the third quarter that ended December 31, 2024. Company Value Change %Change In the corresponding
Indian construction major Larsen & Toubro (L&T) and Power China have been awarded a contract to build key railway facilities for the Oman-UAE railway project, Hafeet Rail, according to a Saudi Gulf Projects report on Monday, February 10. According to
Aerospace major Rolls-Royce on Monday said it intends to double its supply chain sourcing from India over the next five years. Photograph: Nadja Wohlleben/Reuters The company will seek to increase its sourcing of complex parts for advanced aerospace engines, naval
Reserve Bank Governor Sanjay Malhotra on Friday said the exchange rate policy has remained consistent over the years and the central bank does not target any ‘specific level or band’ of the rupee, which slipped to an all-time low of
The exodus of FPIs from the Indian equity markets continued unabated, as they withdrew over Rs 7,300 crore (about $840 million) in the first week of this month due to global trade tensions, with the US imposing tariffs on countries
Investors would track a host of macroeconomic data announcements scheduled this week, including inflation numbers, and also monitor global market trends, and trading activity of foreign institutional investors, analysts said. The ongoing quarterly earnings announcements and the rupee-dollar trend would
OYO has reported sixfold increase in its net profit for the third quarter of FY25 (October-December). The company’s profit after tax (PAT) stood at ₹166 crore, compared to ₹25 crore in the same period last year. Company Value Change %Change
Following the Bhartiya Janata Party’s (BJP) impressive win in the 2025 Delhi Assembly Elections, the Indian stock market is expected to respond positively when trading resumes on Monday. Market experts suggest that after the 2024 Lok Sabha Elections, some doubts
