Gold rate today: The yellow metal approached the significant $3400 mark. (AI image) Gold rate today: Gold prices increased on Thursday due to heightened safe-haven demand after US President Donald Trump imposed an additional 25% tariff on Indian imports, intensifying trade tensions between the two economies.The spot gold price advanced 0.3% to $3,378.18 per ounce […]
‘The only thing to stop America would be … ‘: Trump’s reciprocal tariffs take effect at midnight; billions to start flowing into US
US President Donald Trump on Wednesday announced that the reciprocal tariffs would take effect at midnight, targeting countries he said have exploited the United States for years.In a series of posts on Truth Social, Trump said the tariffs would bring in billions of dollars, while once again attacking the US judicial system, warning that only […]
Stock market today: Nifty50 opens below 24,550; BSE Sensex down around 150 points as Trump’s 50% tariff on India weighs on sentiment
Thursday’s trading will be influenced by the US President’s implementation of additional 25% tariffs. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Thursday as US President Donald Trump’s move to double tariffs on India to 50% weighed on sentiment. While Nifty50 went below 24,550, BSE […]
Top stocks to buy today: Stock recommendations for August 7, 2025 – check list
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Asian Paints, Cummins India, and Eicher Motors are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 7, […]
Westermeier new head of Airbus India & S Asia
NEW DELHI: Airbus has appointed Jurgen Westermeier (53) as MD and president for India and South Asia, effective Sept 1, 2025. Jurgen, currently EVP & chief procurement officer at Airbus, will succeed Remi Maillard, who will become EVP engineering for commercial aircraft and head of technology. In his new role, Jurgen will lead Airbus’ business […]
Hyundai to boost local sourcing for EVs
CHENNAI: To strengthen its position in EV segment, Hyundai Motors India plans to boost sourcing of components from local vendors and improve EV infrastructure. According to annual report 2024-25, to boost price competitiveness and long-term viability, it plans to prioritise localisation of key EV parts, such as battery cells, packs, power electronics and drivetrain. It […]
EID Parry narrows loss to 28cr in Q1
CHENNAI: Sugar manufacturer EID Parry on Wednesday narrowed standalone loss at Rs 28 crore in quarter ended June 30, 2025. The company, which is part of Murugappa group, reported a loss of Rs 79 crore in corresponding quarter last year.Muthiah Murugappan, CEO, EID Parry said, revenue from sugar segment for Q1 was at Rs 347 […]
RBI finalises co-lending framework starting Jan 2026
Mumbai: RBI has come out with final co-lending rules for banks and non-banks which allow dual lending with a single KYC. The final norms mandate blended lending rates, irrevocable funding commitments, and escrow-based cashflow distribution, while keeping first loss default guarantee. These, along with capital impacts and lower returns, could make co-lending less attractive for […]
TCS plans to roll out salary hikes
TCS surprised its staff by announcing salary hikes for eligible associates up to grade C3A and equivalent (freshers to mid-level), covering nearly 80% of its workforce. The salary hike will be effective from Sept 1, according to an internal communication sent out by CHRO Milind Lakkad and CHRO-designate K Sudeep on Wednesday. Source link
Use crisis to unleash reforms: Mahindra
MUMBAI: Industrialist Anand Mahindra has said that US tariffs will have the unintended consequences of creating new growth drivers, and India should use the opportunity to unleash reforms like in 1991 and promote tourism as a forex engine. In an elaborate post on X following the tariff announcements, the Mahindra & Mahindra chairman outlined his […]