Benchmark stock indices Sensex and Nifty recorded their biggest single-day gains in absolute terms on Monday, skyrocketing nearly 4 per cent, after India and Pakistan reached an understanding to stop military actions and US and China announced a deal to
Tata Steel reported a consolidated net profit of ₹1,201 crore for the quarter ended March 2025, significantly higher than CNBC-TV18’s estimate of ₹1,080 crore and more than double last year’s ₹555 crore. The growth was supported by stronger other income
Wall Street key stock indices opened sharply higher on Monday as the United States and China reached a deal to reduce tariffs. China and the United States announced a 90-day truce in their trade war, agreeing to cut most of
Defence stocks have been on a tear, with the Nifty India Defence index hitting all-time highs. Over the past week, the index jumped around 7 per cent, far outpacing the flat performance of the Nifty 50. Photograph: ANI Photo Over
India will not provide any duty concessions on British wines and is offering only limited import duty benefits on UK beer under the free trade agreement (FTA) between the two countries, announced on May 6, according to an official. Photograph:
Foreign investors continue to show confidence in the country’s equity market, infusing Rs 14,167 crore so far this month, largely driven by favourable global cues and robust domestic fundamentals. Illustration: Uttam Ghosh/Rediff Notably, this inflow has come despite the ongoing
State Bank of India, Punjab National Bank and several other lenders on Friday said their ATMs are fully functional, well-stocked, and that digital services are operating smoothly. Photograph: Mohammed Ameen/Reuters The announcements came against the backdrop of reports on social
Even as Sumitomo Mitsui Banking Corp (SMBC) signs up to buy a 20% stake in Yes Bank, it may be interesting to see if this opens a new chapter for foreign bank entry into India. The gains are clear for
Leading urban centers, or first-tier cities, like Beijing, Shanghai, Shenzhen, and Guangzhou are showing signs of a revival after the downturn of previous years while smaller cities, or those in the lower tier, aren’t. The divergence is born from a
The domestic stock market this week would monitor the geopolitical developments after India and Pakistan reached an understanding to stop military actions, analysts said. Illustration: Uttam Ghosh/Rediff Moreover, macroeconomic data announcements, Q4 earnings, trading activity of foreign investors and global
