Saturday, July 19, 2025

Business

Indian stock market ends lower amid selling in banking, IT sectors

MUMBAI: The Indian stock market ended in negative territory on Friday following selling in banking stocks and the broader market, after subdued Q1 earnings in the finance and IT sectors.

We're applying ‘moonshot’ mentality to transform transportation: Hyundai CEO

SEOUL: Jose Munoz, chief executive officer (CEO) of South Korea's Hyundai Motor, has called for the spirit of overcoming seemingly impossible odds in the pursuit of mobility innovation as he commemorated the 56th anniversary of the US Apollo 11 lunar mission in a social media post.

Piyush Goyal exhorts nation’s youth to be architects of Viksit Bharat

NEW DELHI: Union Minister of Commerce and Industry, Piyush Goyal, on Friday exhorted the country’s youth to actively contribute to building a Viksit Bharat by 2047, as envisioned by Prime Minister Narendra Modi’s ‘Panch Pran’ (five pledges) for 'Amrit Kaal'.

India’s energy diplomacy is helping stabilise global oil market: Hardeep Puri

NEW DELHI: Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Friday that India’s energy diplomacy is not only securing the country’s future but is also helping to stabilise global energy markets.

Sensex, Nifty open lower as midcap and smallcap hold markets

MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark.

Department of Posts, AMFI join hands for KYC verification of 24.13 crore MF investors

NEW DELHI: The Department of Posts (DoP) has collaborated with the Association of Mutual Funds in India (AMFI) to streamline KYC (Know Your Customer) verification for approximately 24.13 crore mutual fund investors.

Indian stock market ends lower amid selling in IT, banking shares

MUMBAI: The Indian stock market settled in negative territory on Thursday following selling in IT and banking stocks amid Q1 earnings, and FII outflows due to trade deal concerns.

India buys oil from 40 nations, not worried by US rider on Russian oil: Hardeep Puri

NEW DELHI: Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on Thursday said India has diversified its sources for buying oil in the global market, due to which the government is not “unduly worried” over any US crackdown on Russia’s oil exports.

Adani Enterprises Ltd sell 20 pc stake in AWL Agri Business to Wilmar, raises Rs 7,150 crore

AHMEDABAD: Adani Enterprises Ltd (AEL) said on Thursday that it has signed an agreement to sell a 20 per cent stake in AWL Agri Business Ltd. to Wilmar International's subsidiary, Lence Pte Ltd, for Rs 275 per share, valuing the deal at Rs 7,150 crore.

Worldwide IT spending to reach $5.43 trillion this year, driven by AI infra

NEW DELHI: Worldwide IT spending is expected to total $5.43 trillion in 2025, an increase of 7.9 per cent compared to 2024, a report said on Thursday.

Nifty expected to be range-bound between 26,300 and 27,500 by year-end: Report

NEW DELHI: The Indian stock markets are expected to continue their upward trajectory, backed by strong macro fundamentals and policy support, a report said on Thursday, adding that with the Nifty50 rebounding from March lows, resistance is expected at 26,300, and a breakout could see the index reach over 27,500 by year-end.

Hopeful to find several Guyana-sized oilfields, particularly in Andaman Sea: Hardeep Puri

NEW DELHI: Minister of Petroleum and Natural Gas, Hardeep Singh Puri, on Thursday said that he expects the new round of hydrocarbon exploration being launched in India to strike several big Guyana-sized oilfields, particularly in the Andaman Sea.

'Urja Varta 2025' to boost energy sector, focus on green hydrogen: Hardeep Puri

NEW DELHI: Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Wednesday said that ‘Urja Varta 2025’ will play a key role in accelerating India’s exploration and production (E&P) sector.

Indian stock market ends marginally up amid Q1 earnings, trade deal talks

MUMBAI: The Indian stock markets ended with marginal gains on Wednesday after a volatile trading session as investors remained cautious amid ongoing corporate earnings and concerns over a potential India-US trade deal, which kept market sentiment in check.

Cabinet approves up to Rs 20,000 crore investment by NTPC to boost renewable energy capacity

NEW DELHI: As India achieves 50 per cent of its installed electricity capacity from non-fossil fuel sources, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved enhanced delegation of power to NTPC Ltd for investing in NTPC Renewable Energy Ltd. and its other joint ventures/subsidiaries to set up renewable energy capacity with an outlay of up to Rs 20,000 crore.

SBI may launch Rs 25,000 crore QIP with up to 3 pc discount to current price

NEW DELHI: India’s largest Public Sector Bank, the State Bank of India (SBI), is likely to launch its Rs 25,000 crore Qualified Institutional Placement (QIP) very soon, according to multiple reports.

CM Mohan Yadav to address 'Invest in Madhya Pradesh' forum in Spain today

BHOPAL: Madhya Pradesh Chief Minister Mohan Yadav is scheduled to address the 'Invest in Madhya Pradesh' forum in Madrid on Wednesday.

Passenger dies of suspected cardiac arrest on AirAsia flight from Kuala Lumpur to TN's Tiruchy

CHENNAI: A 50-year-old passenger travelling from Kuala Lumpur to Tiruchy in Tamil Nadu on an AirAsia flight died of a suspected heart attack mid-air on Wednesday morning, despite desperate efforts by the airline crew to revive him.

Sensex, Nifty open lower amid mixed global cues

MUMBAI: The Indian equity indices opened in the red on Wednesday due to mixed cues from global markets.

Indian stock market falls amid fresh US tariff threats, selling in IT stock

MUMBAI: The Indian stock market ended the first trading session of the week in negative territory on Monday, amid selling in IT stocks and fresh global trade tensions over US tariffs.

Air India crash: Airlines check fuel locking mechanism in Boeing 787 aircraft

NEW DELHI: After the Aircraft Accident Investigation Bureau’s (AAIB) preliminary report into the fatal Air India crash was made public last week, airlines have started checking the locking mechanism in the fuel switches of Boeing 787 aircraft.

Build ‘Viksit Gaon’ to achieve Viksit Bharat goal by 2047: Minister

NEW DELHI: Union Minister of State for Rural Development and Communications, Dr Pemmasani Chandra Sekhar, on Monday called for a renewed push to transform villages into ‘Viksit Gaon’ (developed villages), as a necessary step towards achieving the goal of a ‘Viksit Bharat’ (developed India) by 2047.

India’s WPI inflation plunges into negative zone as food, fuel prices fall

NEW DELHI: India’s inflation based on the Wholesale Price Index (WPI) plummeted to the negative zone at 0.13 per cent in June for the first time this year as prices of food and fuels declined during the month, according to data released by the Commerce and Industry Ministry on Monday.

CSR spending on skilling crucial to boost India’s global labour potential: Report

NEW DELHI: Corporate social responsibility (CSR) spending on skilling needs to improve substantially to unlock India’s workforce potential on the global stage, according to a report on Monday.

Leading cryptocurrency Bitcoin surges past $1,21,000 milestone for first time

NEW DELHI: Leading cryptocurrency Bitcoin surged past the $1,21,000 milestone for the first time on Monday. According to data from CoinMarketCap, the cryptocurrency went up 2.75 per cent at $1,21,097.94 in early trade.

Sensex, Nifty open lower amid US trade policy uncertainty

MUMBAI: The Indian equity indices opened lower on Monday due to the ongoing US trade policy uncertainty and mixed global cues.

South Korea's ICT exports rise 5.8 pc in H1 2025 on global chip demand

SEOUL: South Korea's exports of information and communication technology (ICT) products rose 5.8 per cent in the first half from a year earlier, driven by robust semiconductor sales amid growing demand for data centres, government data showed on Monday.

Favourable agricultural output, easing inflation to support rural consumption in FY26: Report

NEW DELHI: Recent reductions in income tax burdens, benign inflation, lower interest rates and a favourable outlook for agricultural production are expected to support rural incomes and bolster overall consumption in India, according to a new report.

Google hires Indian-origin Varun Mohan to double down on AI coding

NEW DELHI: Tech giant Google has roped in Indian-origin Varun Mohan, co-founder and CEO of coding AI startup Windsurf, in a major move in the ongoing AI talent race.

Market drifts lower amid tariff jitters, Q1 earnings season key to lift sentiment

MUMBAI: Markets drifted lower during the week and lost over a per cent, primarily pressured by the lingering uncertainty surrounding global tariffs and a disappointing start to the earnings season, analysts said on Saturday.

Air India Ahmedabad crash: Key findings from AAIB preliminary report

NEW DELHI: While the final report will take about an year, the preliminary findings by the Aircraft Accident Investigation Bureau (AAIB) into the fatal crash of Air India flight AI 171 — a Boeing 787-8 Dreamliner that went down shortly after take-off from Ahmedabad on June 12 — has revealed simultaneous engine shutdown, cockpit voice recordings between the two pilots and further safety advisories.

Leveraging EdTech for Early Preparation of JEE and NEET Exams

In today’s competitive academic environment, early preparation is essential for success on exams such as the JEE and NEET. With evolving patterns and increasing competition, students need innovative, strategic learning—this is where EdTech steps in. EdTech platforms, such as ALLEN Online, are transforming exam preparation by providing personalized, high-quality content, mock tests, question banks etc. that strengthens fundamentals and enhances readiness.

Gold prices in consolidation phase, upward trend ahead: Report

NEW DELHI: The gold prices in international markets are in a consolidation phase, and such consolidation prepares a fertile surface for the yellow metal to move in an upward trend, a report said on Friday.

Indian stock market ends lower ahead of Q1 earnings

MUMBAI: The Indian stock market ended lower on Thursday as investors awaited key triggers in the Q1 earnings reports.

FTAs driving agri sector growth, 25 crore Soil Health Cards distributed: Piyush Goyal

NEW DELHI: With supportive policies, fiscal incentives, reduced tariff barriers and new market access through free trade agreements (FTAs) developed countries including Australia, the UAE, the European Free Trade Association (EFTA) nations, and the UK, the agriculture sector has witnessed significant progress, Commerce Minister Piyush Goyal has said.

Public sector banks projected to demonstrate stronger earnings resilience in Q1

MUMBAI: Public sector banks (PSBs) are likely to demonstrate stronger earnings resilience in Q1 FY26, supported by relatively milder margin compression and higher treasury gains, according to a report on Thursday.

Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact

NEW DELHI: Commerce Minister Piyush Goyal on Thursday said he had a productive meeting with Tzafrul Aziz, Malaysian Minister of Investment, Trade and Industry, during which he discussed the ongoing review of the ASEAN-India Trade in Goods Agreement (AITIGA).

India and OPEC have a unique and symbiotic relationship: Hardeep Puri

VIENNA: Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, has emphasised India’s strong partnership with OPEC, discussing ways to ensure that oil markets remain balanced to ensure smooth global transition into green and alternative energies.

Sensex and Nifty open flat as market prepares for Q1 FY26 earnings season

MUMBAI: The Indian benchmark indices opened flat on Thursday amid mixed global cues as selling was seen in the auto and IT sectors in the early trade.

IndiGo flight to Delhi makes emergency landing in Patna, 169 passengers safe

PATNA: An IndiGo flight from Patna to Delhi made an emergency landing at Jai Prakash Narayan International Airport in Bihar's state capital shortly after take-off on Wednesday following a bird hit, causing panic among the 169 passengers on board.

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