Wall Street retreated from record levels on Thursday after US government data showed wholesale inflation rose more than expected last month, dimming hopes for imminent interest rate cuts.The S&P 500 slipped 0.2% from its all-time high set on Wednesday, while the Dow Jones Industrial Average fell 104 points, or 0.2%, and the Nasdaq composite eased…
Gold loan NBFC Muthoot Finance shares surged nearly 10 per cent on Thursday after the company posted a 65 per cent year-on-year jump in consolidated profit after tax (PAT) for the June quarter.The stock climbed 9.83 per cent to close at Rs 2,757.55 on the BSE, after touching an intra-day high of Rs 2,799 —…
AI image India’s manufacturing industry has a ‘rare opportunity to leapfrog global incumbents’ by moving away from its low-cost production image and embracing innovation-led growth, according to Accel’s Advanced Manufacturing Report 2025, released on Thursday.As per news agency PTI, the global venture capital firm identified precision engineering, aerospace, EV components, semiconductors, robotics, and advanced materials…
The US government has expressed its eagerness to enhance collaboration with Pakistan. US President Donald Trump’s government is looking to deepen its economic ties with Pakistan at a time when trade deal talks with India remain stalled. The US government has expressed its eagerness to enhance collaboration with Pakistan in the fields of critical minerals…
But many taxpayers make the mistake of not mentioning exempt incomes in their income tax return. (AI image) ITR filing FY 2024-25: PPF interest is tax free. So is the interest coming from tax free bonds. The maturity proceeds of life insurance plans are also exempt from tax. But while the taxman lets you pocket…
India’s credit-to-deposit ratio remains under 80% as lending growth continues to trail deposit inflows, according to a report by CareEdge Rating. According to news agency ANI, while both credit offtake and deposits have grown sequentially, the pace is slower than last year, narrowing the gap between the two.The report stated, “Credit to Deposit Ratio Remains…
Analysts anticipate the market to remain range-bound, with domestic-facing themes expected to prevail. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Thursday. While Nifty50 was above 24,600, BSE Sensex was near 80,600. At 9:33 AM, Nifty50 was trading at 24,619.65, up marginally. BSE Sensex was…
Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Force Motors, Maruti Suzuki, and MCX are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for August 14, 2025:Index View:…
US tariffs not to hit India’s growth: S&P NEW DELHI: Trump tariffs will not have any impact on India’s growth, as it is not a trade-oriented economy, and its sovereign ratings outlook will continue to remain positive, S&P Global Ratings director YeeFarn Phua said.In May last year, S&P had upgraded the outlook on India’s sovereign…
NEW DELHI: Top American specialty glass and technology company Corning is expanding its business in India as it ties up with local contract manufacturer Optiemus through a trademark and licensing agreement for screen protectors.The company is also close to starting production of finished cover glass for smartphones in India in a Rs 1,000-crore JV also…
