SBI’s leadership had given their approval for this share sale in May. (AI image) SBI QIP: State Bank of India, the biggest asset-based lender in India, plans to offer shares worth Rs 25,000 crore ($2.9 billion) to institutional investors, potentially launching as early as next week, according to a Bloomberg report quoting sources. This could…
India’s GDP is estimated at $4.2 trillion, according to the IMF, with projections indicating growth to $4.27 trillion soon. Nvidia Corporation’s market capitalization has crossed the $4 trillion mark! Nvidia Corporation, the US chipmaker giant, became the first company in the world to cross the $4 trillion market valuation figure. Nvidia achieved this significant milestone…
Gold price prediction today: Prices have broken the crucial ₹96,000 support zone, triggering a short-term bearish bias in MCX gold. (AI image) Gold and silver price prediction today: Gold rate is exhibiting a short-term bearish trend as its long-term story of being a safe haven remains intact. Where are gold and silver prices headed in…
Indian markets are expected to be cautious, awaiting the finalisation of the India-US mini trade deal. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Thursday. While Nifty50 was near 25,475, BSE Sensex was above 83,550. At 9:18 AM, Nifty50 was trading at 25,475.90. BSE…
Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Voltas, Samvardhana Motherson International Ltd, and JK Tyre & Industries Ltd. are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks…
Piyush Goyal (File photo) New Delhi: Commerce and industry minister Piyush Goyal said on Wednesday that free trade agreements (FTAs) will help domestic farmers with greater market access in. Australia, UAE, UK and EFTA countries.“We have reduced non-trade barriers for our farmers…We are doing FTAs with developed markets…Australia, UAE, EFTA, UK…through these agreements, we have…
US President Donald Trump announced on Wednesday his intention to implement a 50% tariff on Brazilian imports, partially responding to what he terms a “witch hunt” against his political ally, former Brazil President Jair Bolsonaro, who faces coup-related charges.Trump’s letter addressed to President Luiz Inácio Lula da Silva stated the tariffs would commence August 1….
Image used for representative purposes NEW DELHI: Manipal Hospitals announced on Wednesday that it signed definitive agreements to acquire Sahyadri Hospitals from Ontario Teachers’ Pension Plan (Ontario Teachers’), a global investor. The acquisition will bring Ranjan-Pai backed Manipal’s total bed count to about 12,000, making it one of India’s largest hospital networks, says a company…
MUMBAI: In a move reminiscent of Hindenburg going short on Adani Group, US-based financial researcher Viceroy Research said Wednesday it was “shorting” the debt stack of metal tycoon Anil Agarwal-controlled Vedanta Resources, the UK-based parent of Mumbai-listed miner Vedanta, as it believes the entire group structure is ‘financially unsustainable’, operationally compromised, ‘a house of cards’,…
A sharp rise in US-bound shipments of antimony from Thailand and Mexico has reportedly emerged since China imposed export curbs last year, highlighting how global supply chains are being re-routed to work around geopolitical restrictions.According to customs and shipping data reviewed by Reuters, more than 3,800 metric tons of antimony oxides were imported into the…
