Reliance Jio’s upcoming stock market debut could reshape India’s telecom sector, with financial services firm CLSA calling it a “mega event” that may also trigger a rerating of Bharti Airtel. The brokerage underlined that Jio, which commands a subscriber base of over 500 million across 4G and 5G networks, holds 42 per cent market share…
According to Trump, the India-US bilateral trade relationship has been predominantly favourable to India. (AI image) US President Donald Trump has said that India is the ‘most tariffed nation’ in the world, reiterating his claim that New Delhi has offered a ‘no tariff’ deal. During a telephone conversation on The Scott Jennings Radio Show, Trump…
The sharp 42.5% rise in domestic gold prices over the last year has drawn many new investors towards the yellow metal. However, one needs to know that exposure to gold does not necessarily require buying or storing the physical commodity.Investors can take positions through mutual funds, exchange-traded funds (ETFs), and even systematic investment plans (SIPs)….
The proposal to reduce drug costs for Americans through pharmaceutical tariffs could have unintended consequences. (AI image) US President Donald Trump is mulling tariffs on the pharmaceutical sector – as high as 200%! Trump intends to levy substantial import duties on pharmaceutical products, a sector that has largely remained unaffected by his trade policies. Historically,…
India’s services sector expanded at its fastest pace in 15 years in August, driven by strong demand and rising international orders, according to the HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global.The index rose to 62.9 in August from 60.5 in July, marking the sharpest growth since June 2010. A reading above…
MUMBAI: CityMall has raised $47 million in funding led by Accel. Existing investors including Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, and Jungle Ventures also backed the round. The fresh capital will be deployed to expand besides boosting its portfolio of private labels and brand partnerships. Launched in 2019 by Angad Kikla,…
Broader bullish trend can take gold prices to witness new highs in coming weeks. (AI image) Gold price prediction today: Gold is expected to trade in a sideways range with a bullish bias, while silver is likely to continue its bull run, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock…
The upcoming GST Council meeting could influence market sentiment. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 was near 24,600, BSE Sensex was up over 50 points. At 9:16 AM, Nifty50 was trading at 24,592.05, up 12 points or 0.051%. BSE Sensex…
NEW DELHI: India had moved the World Trade Organisation, questioning the 50% tariff imposed by the Trump administration on certain copper products imported into the US.“India considers that the measure, although claimed to be taken for security interests, are, in essence, a safeguard measure,” it said in a communication to the Geneva-based global trade watchdog…
Anthropic has closed a deal to raise $13 billion from investors in a new funding round that nearly triples its valuation to $183 billion, including dollars raised – a larger-than-expected haul that makes the AI company one of the most valuable startups in the world. The financing, one of the largest to date for an…
