Business

India’s manufacturing sector achieved a 16-month peak of 59.1 in July, driven by increased orders and output amidst positive market conditions, according to a Friday survey report.The HSBC India Manufacturing Purchasing Managers’ Index increased to 59.1 in July from June’s 58.4, indicating the sector’s strongest performance since March 2024.For PMI measurements, readings above 50 indicate…

The cryptocurrency market saw a sharp downturn on Friday, with Bitcoin slipping below $115,200 amid fresh US tariffs and widespread profit-taking that triggered large-scale liquidations. Bitcoin was trading at $115,149, down 3 per cent, while Ethereum dropped 5.5 per cent to $3,663 at 12.30 pm IST, according to CoinMarketCap data cited by Economic Times. The…

Image used for representative purposes(AI image) NEW DELHI: Global trading company Jane Street is reportedly not assisting the Income Tax Department with their ongoing investigation, according to sources.Sources told ANI that the investigation faces significant challenges as the company’s essential servers are situated outside India, with officials encountering access limitations. “Access to the servers is…

Cnergyico, Pakistan’s biggest refinery, has finalised a deal with Vitol to import 1 million barrels of American oil. (AI image) Pakistan is set to get its first crude oil shipment from the US later this year after US President Donald Trump announced a trade deal with the country. Trump also said that the US will…

Gold price prediction: Gold futures remain under pressure as the MCX Gold October Futures contract struggles to recover from recent declines. (AI image) Gold price prediction today: Gold rates continue to hover in a range as news on Donald Trump’s trade policies flows in. Where are gold prices headed and what should investors do? Here’s…

US President Donald Trump issued a sharp warning to pharmaceutical giants, calling on them to slash prescription drug prices in the United States or face the consequences.In letters addressed to 17 major drug companies, Trump urged them to cooperate with his administration to implement sweeping reforms aimed at lowering costs for American patients, who currently…

Top stocks to buy today (AI image) Stock market recommendations: According to Bajaj Broking Research, Axis Bank, and Larsen and Toubro are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for August 1, 2025:Index View: NIFTYBenchmark indices remain highly volatile amid escalating trade tensions between…

US President Donald Trump on Friday signed an executive order imposing higher tariffs on a dozen key trading partners across the globe. The tariff rates range from 41% on Syria to an increased 35% on Canada.The new tariff regime, which takes effect on August 7, aims to rebalance long-standing trade deficits that the administration claims…

Just before the August 1 deadline, the White House announced that US President Donald Trump had signed a broad revision of trade tariffs late Thursday night (local time), a key feature of his “America First” economic policy.The new tariff regime, which takes effect on August 7, aims to rebalance long-standing trade deficits that the administration…

NEW DELHI: Despite pressure from the US, govt has dismissed reports that it has asked refiners to stop purchasing Russian crude, which has emerged as the top source of petroleum for Indian refineries.Since the war erupted in Ukraine, Russia has become the favourite source of oil, especially for private refiners, thanks to the hefty discount…