Asian shares traded mostly in red on Monday following data, after the Wall Street ended last week on a tough note, pulling US markets off record highs. The slump came after a decline in Chinese investment in November, highlighting the ongoing weakness in the world’s second-largest economy. Hong Kong’s HSI was down 0.92% or 240…
Rupee continued its downward rally on Monday, falling to an all-time low of 90.58 against the US dollar. This dip marks second week of record lows after the currency fell to 90.55 against USD earlier, on Friday.The currency is struggling with familiar headwinds, weighed down by delays in a US trade deal, persistently weak capital…
China’s November economic data pointed to a continued strain as retail sales fell to a three-year low and both consumer spending and investment weakened. Figures released on Monday by the National Bureau of Statistics showed that retail sales increased by only 1.3% from a year earlier, marking the slowest growth since the Covid period and…
Morgan Stanley has an overweight rating on Adani Power with a target price Rs 185. Analysts said the company expects to achieve 100% tie up for 23.7GW under construction capacity by next year. The company targets to reduce current united capacity from 10% to 3-4%. Analysts said that at current tariffs, they expect earnings before…
Mumbai: With less than a fortnight left for bids for IDBI Bank to close, the field has narrowed to Prem Watsa’s Fairfax Holdings and Kotak Mahindra Bank. The absence of a broader bidding war reflects not a lack of capital, but the complexity of integrating technology, HR culture and branch networks.Both bidders face material integration…
Steel Authority of India Limited (SAIL) posted strong growth in sales during April–November 2025, the Ministry of Steel said in a release on Saturday, pointing to steady domestic demand despite global challenges.November 2025 stood out, with SAIL’s total sales rising 27% compared with the same month last year. “Steel Authority of India Limited (SAIL) delivered…
Cheap copper imports under multiple free trade agreements (FTAs) are “severely damaging” India’s domestic manufacturing system, the Indian Primary Copper Producers Association (IPCPA) said, urging the government to step in with safeguard duties and quantitative restrictions.The industry body said a surge in zero-duty copper imports is eroding India’s smelting and downstream manufacturing base, even as…
The City and Industrial Development Corporation (CIDCO) has kicked off the process to evaluate the possibility of adding a third runway at the Navi Mumbai International Airport, issuing a bid invitation for a techno-commercial feasibility study, an official told PTI on Sunday.The state planning authority has launched an e-tender for the consultancy assignment, calling for…
India has identified close to 300 products across engineering goods, pharmaceuticals, agriculture and chemicals that offer significant opportunities for Indian exporters to expand their presence in the Russian market, a senior official told PTI. The exercise comes as New Delhi and Moscow work towards the bilateral trade target of $100 billion by 2030.India currently exports…
Nearly half of India’s family-owned enterprises now report annual revenues between USD 1 billion and USD 30 billion, with 36% alone in the USD 1–5 billion band, according to Deloitte Private’s latest Family Business Insights Series: Defining the family business landscape, 2025, ANI reported.The report—based on a survey of 1,587 family businesses across 36 countries,…
