India’s forex reserves jumped by $4.55 billion to $690.62 billion for the week ended May 9 on the back of a steep increase in gold assets, the RBI said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the
‘The universe of PSU stocks is huge and diverse.’‘Investors should bet on specific sectors and stocks from the basket as most of them may continue to consolidate after years of outperformance.’ Once the Street’s favourite, shares of public sector
Inflows into equity mutual fund (MF) schemes declined for a fourth consecutive month in April, even as systematic investment plan (SIP) inflows reached a record high of about Rs 26,632 crore. Illustration: Dominic Xavier/Rediff Equity schemes reported net inflows of
Strong margins in the jewellery segment in Q4FY25, steady growth guidance for FY26 and expectations of outperformance in the organised jewellery sector boosted sentiment for the largest listed jewellery maker by market capitalisation, Titan Company. Photograph: Courtesy, Tata.com The stock
‘Now we have one of the best asset qualities in the industry.’ Photograph: Late Danish Siddiqui/Reuters “I target loan growth which is reasonable but not very risky,” Prashant Kumar, MD and CEO, Yes Bank, tells Abhijit Lele and Subrata Panda/Business
India’s exports rose 9.03 per cent to $38.49 billion in April, the highest in six months, driven by healthy growth in sectors such as electronics and engineering goods, while the trade deficit widened to a five-month high of $26.42 billion.
India’s economic growth forecast for 2025 has been revised downward to 6.3 per cent, and despite a projected moderation, the country remains one of the fastest-growing large economies, supported by resilient consumption and government spending, the United Nations has said.
Benchmark stock indices Sensex and Nifty ended lower on Friday due to profit-taking in IT shares and Bharti Airtel after a sharp rally in the previous session. Photograph: Arko Datta/Reuters The 30-share BSE Sensex declined 200.15 points or 0.24 per
Passenger vehicles dispatches from factories to company dealerships in the country increased 4 per cent year-on-year to 3,48,847 units in April, industry body SIAM said on Thursday. Photograph: Francis Mascarenhas/Reuters Passenger vehicle dispatches stood at 335,629 units in April last
US President Donald Trump on Thursday said he has asked Apple CEO Tim Cook to stop producing iPhones in India, and rather make them in the US. Photograph: Tom Brenner/Reuters Apple has no smartphone production in the US – most
