Benchmark indices ended the day with modest gains, supported by stock-specific buying in select large-cap counters despite a largely sideways trading session. The Sensex closed at 83,817.69, up 78.55 points, while the Nifty50 settled at 25,776.00, gaining 48.45 points and remaining above the 25,750 mark.Trent and Eternal were among the top performers, rising around 5 […]
Bajaj Finserv Q3FY26 net flat at Rs 2229 crore on one-time provisions
MUMBAI: Bajaj Finserv reported consolidated profit after tax of Rs 2,229 crore for the December quarter, flat compared with Rs 2,231 crore a year earlier, as higher provisions and one-time charges offset underlying growth across its businesses. Excluding these exceptional items, consolidated profit after tax rose 32% year-on-year to Rs 2,936 crore .Bajaj Finance, the […]
Switch from Russia to Venezuela crude oil possible? SBI sees $3 billion savings – explained
India can save almost $3 billion just by stepping up its crude import game! A recent report by SBI stated that by replacing a portion of Russian supplies with Venezuelan heavy crude and updating its import strategy, India can get several cost advantages. The assessment notes that New Delhi could lock in notable savings by […]
January PMI figures: India’s services sector growth hits two-month high
India’s services sector recorded a strong start to 2025 as the activity climbed to a two-month high in January, thanks to improving demand and firms expanded capacity. The seasonally adjusted HSBC India Services PMI Business Activity Index climbed to 58.5 in January, up from 58.0 in December, reflecting faster growth in output and new business. […]
‘Safeguarded agriculture, dairy’: Piyush Goyal hails India-US trade deal in Parliament
NEW DELHI: Union commerce and industry minister Piyush Goyal on Wednesday defended the India-US bilateral trade agreement in the Lok Sabha, saying India had “successfully safeguarded” its sensitive sectors, particularly agriculture and dairy, after nearly a year of negotiations between the two sides. “As the Members of the House are aware, since Prime Minister Narendra […]
Indian IT stocks crash: Infosys, TCS, Wipro down up to 6% – why launch of new AI tool by US startup Anthropic is driving the fall
The sell-off in IT stocks was triggered by an announcement from US-based AI startup Anthropic. (AI image) IT stocks crash! Shares of Indian IT majors Infosys, Wipro, HCL Tech, Tata Consultancy Services (TCS), and Persistent Systems tanked in opening trade on Wednesday, dragging Sensex down by over 100 points. The decline was due to concerns […]
Asian stocks today: Markets trade mixed after Wall Street’s fall; Nikkei sheds over 500 points, Kospi gains 1%
Asian equities traded mixed on Wednesday as losses in US technology stocks continued to weigh down sentiment, while precious metals inched higher as investors flocked to safe-haven assets.Hong Kongs HSI was down 26 points to 26,807 at 10:55 am IST. In Japan, Nikkei fell over 539 points or 0.99% to 54,180. Shanghai and Shenzhen were […]
Rupee slips again: Currency down 22 paise to stand at 90.54 against US dollar
Rupee opened on a weak note on Wednesday, slipping 22 paise to 90.54 against the US dollar, after recording a strong rally in the previous session.The currency recorded a strong performance on Tuesday, soaring 122 paise, or 1.33%, to settle at 90.27 against the dollar. The spike came after India and the United States announced […]
Nukes, defence, minerals: Inside Jaishankar-Rubio talks post India-US trade deal
Jaishankar and Rubio (AP photo) NEW DELHI: External affairs minister S Jaishankar late Tuesday met US secretary of state Marco Rubio in Washington against the backdrop of India and the United States recently finalising a long-pending trade deal, under which Washington agreed to cut tariffs on Indian goods to 18 per cent after nearly a […]
After tariff cut, exporters of seafood eye recovery in US
BENGALURU: India’s seafood exports to the US are expected to recover after the latter agreed to reduce tariffs, industry body Seafood Exporters Association of India (SEAI) said.The US is the largest export destination for Indian seafood, with shipments valued at $2.7 billion in 2024-25. However, exports were under pressure in recent months, following the imposition […]