Business

MUMBAI: The Indian stock markets on Wednesday continued their upward journey for the third straight trading session, with strong buying seen in financial stocks, especially private banks and some oil and gas shares.

NEW DELHI: The RBI has already embarked on a rate cutting cycle, and a report by HSBC Global Research said on Wednesday that it expects a 25bp rate cut in each of the June and August policy meetings, taking the repo rate down to 5.5 per cent this fiscal (FY26).

MUMBAI: The domestic benchmark indices opened flat on Wednesday amid weak global cues, as selling was seen in the IT and auto sectors in the early trade.

MUMBAI: Indian stock markets saw a strong rally on Tuesday as benchmark indices surged over the 90-day reciprocal tariffs relief by the US administration, amid similar relief likely for the automotive sector.

MUMBAI: India’s frontline equity indices on Tuesday surged in a massive bull rally in the early trade, as positive global cues improved investors' sentiment.

NEW DELHI: Banks have asked for the power to freeze bank accounts being used for cyber frauds without waiting for court or police approval, according to a report by a working group set up by the Indian Banks' Association (IBA).

NEW DELHI: Gold prices jumped over 6.5 per cent this week, reaching a record high of $3,237 per troy ounce.

NEW DELHI: The Sensex witnessed a sharp rally of more than 1,300 points on Thursday after US President Donald Trump announced a 90-day pause on trade tariffs for most countries, including India.

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NEW DELHI: Union Commerce Minister Piyush Goyal said on Friday that concrete steps are needed to remove existing trade barriers for speeding up the talks and reach a free trade agreement (FTA) between India and the European Union (EU).

NEW DELHI: External Affairs Minister (EAM), S. Jaishankar, said on Friday that India is prepared for a high degree of urgency in the trade talks with the US as it faces a very challenging situation with the Trump administration fundamentally changing America’s approach to engaging with the world.

MUMBAI: Indian equity market opened in the green on Friday after US President Donald Trump announced to pause reciprocal tariffs on the country till July 9.

SEOUL: Finance Minister Choi Sang-mok instructed officials on Friday to prepare contingency plans to effectively respond to uncertainties stemming from the U.S. administration's tariff schemes and strengthen monitoring of financial markets.

MUMBAI: The government-owned Bank of Baroda on Thursday announced the immediate transmission of the Reserve Bank of India’s (RBI) policy rate cut to its customers.

NEW DELHI: India's biggest airline, IndiGo, overtook US-based Delta Airlines to become the world's most valuable airline with a market capitalisation of $23.24 billion for a brief period, according to Bloomberg data.

NEW YORK: Byju’s Alpha, a special purpose financing vehicle established by Byju’s in the US to receive proceeds of a $1.5 billion Term Loan B, has sued Byju Raveendran, co-founder and his wife Divya Gokulnath for "orchestrating theft of $533 million”.

MUMBAI: The RBI’s monetary policy committee has reduced its projection for India’s GDP growth in 2025-26 by 20 basis points to 6.5 per cent from 6.7 per cent due to global trade and policy uncertainties in the wake of the US tariff hikes, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday.

NEW DELHI: India offers a compelling growth opportunity for foreign banks and the government is actively encouraging foreign investment in the banking sector, Union Finance Minister Nirmala Sitharaman has stressed.

NEW DELHI: The swift shift in global sentiment, high market volatility and fear of recession amid the US tariff shock indicate a 25bps cut by the Reserve Bank of India (RBI) on April 9, with possible change in stance to “accommodative" to give directional easing bias, a report showed on Tuesday.

MUMBAI: Indian frontline indices opened in the green on Tuesday as heavyweights like Titan, Tata Steel and Adani Ports lifted the market sentiment despite global uncertainty amid US tariffs.

NEW DELHI: Union Finance Minister Nirmala Sitharaman will embark on an official visit to the United Kingdom and Austria from April 8-13, where she is scheduled to attend ministerial-level bilateral meetings, an official statement said on Monday.

NEW DELHI: As the US reciprocal tariffs hit global markets, Neelkanth Mishra, chief economist at Axis Bank, said on Monday that some countries like China will have no option but to devalue their currencies in the current scenario.

MUMBAI: Indian frontline indices opened in the red on Friday following global sell-off in the equity markets in reaction to the reciprocal tariffs announced by US President Donald Trump.

WASHINGTON: US markets on Thursday slid to their lowest in two years in the aftermath and response to President Donald Trump’s sweeping tariffs on imports from every trading partner country, while the US dollar slipped to its lowest level.

MUMBAI: State Bank of India (SBI) and Citi on Thursday announced a social loan facility of $295 million to support smallholder farmers in India.

NEW DELHI: Led by Japan, Asian markets opened lower on Thursday, after US President Donald Trump announced reciprocal tariffs on several countries -- with 34 per cent tariffs being levied on China, 46 per cent on Vietnam, 26 per cent on India, 26 per cent on South Korea and 24 per cent on Japanese goods.

MUMBAI: Indian equity indices opened in the green on Wednesday as heavyweights like Infosys, ICICI Bank, Tech Mahindra and Maruti Suzuki continued to lift the market sentiment amid mixed global cues.

MUMBAI: Indian equity indices opened lower on Tuesday and recovered in the early trade, as heavyweights like Bharti Airtel and ITC turned green.

SEOUL: South Korea's exports gained 3.1 percent from a year earlier in March, marking a second consecutive month of increase, driven by robust demand for semiconductors and other information technology (IT) products, data showed on Tuesday.

NEW DELHI: Early April will be critical for market sentiment, with key economic data releases providing insights into global manufacturing, employment trends and economic activity, a report showed on Monday.

BENGALURU: The benchmark index Nifty is expected to post a 8–10 per cent annualised return in the next fiscal (FY26) while Sensex is projected to give 8–12 per cent return, according to a new report.

NEW DELHI: The Income Tax Department has raised a demand of Rs 2,209.17 crore, including interest, against Yes Bank Ltd, according to a stock exchange filing by the private sector bank.

NEW DELHI: Strong arbitration and mediation mechanisms are crucial for India's emergence as a global manufacturing hub, Union Minister of Commerce and Industry, Piyush Goyal, said on Saturday.

NEW DELHI: The objective of a taxi service based on cooperative model is to ensure democratic management by active participation of all members, and to ensure that maximum profit earned by such cooperative taxi society is distributed equitably among the taxi drivers who will be members of that society, the government has said.