Rajiv Memani, chairman and CEO of consulting firm EY India has taken over as the new president of CII (Confederation of Indian Industry) at a critical juncture for India Inc. In an interview to TOI, Memani says the overall health of businesses is not bad and he expects a reasonably strong bounce-back in growth. Excerpts:Some…
US President Donald Trump on Sunday spoke about the much-discussed upcoming trade deals between the United States and other countries, including India. He said that letters related to these trade agreements will start going out from Monday.“We are going to be sending letters out on Monday having to do with the trade deals… It could…
PARIS: European auto major Stellantis believes a long-term stable policy framework and its uniform roll-out across different states in India is critical for automakers to execute business plans on a long-term basis.Stellantis, which has presence in India through brands like Jeep and Citroen, feels that policy framework should work informally across the nation so that…
MUMBAI: The banking sector saw a slowdown in the June quarter, with muted credit growth and uneven deposit performance, following a strong March-end push. HDFC Bank, the largest private lender, reported a 5.1% sequential rise in average deposits and a 0.4% increase in gross advances, joining some public sector banks in bucking the broader trend.The…
MUMBAI: Markets regulator Sebi’s Rs 4,850-crore disgorgement order against global algo-based trader Jane Street group and its temporary ban from Dalal Street – for market manipulation – is unlikely to deter proprietary (prop) firms from trading on domestic bourses. Rather, the clampdown is expected to improve compliance and corporate governance among brokerages and funds that…
Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, Chennai Petroleum Corporation, and KPR Mill are the top stock picks for the upcoming week. Here’s his view on Nifty, Bank Nifty and the top stock picks with a 3-month horizon:Index View: NiftyThe benchmark…
IndiGo is stepping up its international game with CEO Pieter Elbers identifying Amsterdam as a critical hub to connect India with Europe and North America, as the airline launches direct flights to the Dutch capital and Manchester.“This is more than just adding two destinations. It’s a shift in product, partnerships and profile,” Elbers told PTI,…
t, Indian business could create economic value worth $9.82 trillion. (AI image) India’s economy could grow leaps and bounds in the coming years, estimates PwC India in a new report. The analysis projects India’s total GVA to increase from $3.39 trillion in 2023 to $9.82 trillion in 2035, representing a CAGR of 9.27%.GVA or Gross…
Brics nations on Sunday jointly called on advanced economies, global financial institutions and the private sector to provide “substantial” climate finance for developing countries, asserting the need for predictable, equitable, and affordable funding to meet the goals of the Paris Agreement and the UNFCCC.In a joint statement released after the meeting of Finance Ministers and…
Gold prices are likely to witness sharp fluctuations in the coming week as investors brace for key global triggers, including the US Federal Reserve’s policy signals, the July 9 deadline on suspended US tariffs, and crucial economic data releases, analysts said.“Traders are expected to stay cautious ahead of any major policy cues or geopolitical developments,…
