With demand softening and input costs rising, the consumer goods giant looks to streamline operations and exit select markets in the coming years. Procter & Gamble plans to lay off as many as 7,000 employees — about 6% of its global workforce — over the next two years as part of a sweeping cost-cutting drive…
Supported by easing oil prices and firm domestic equities, the rupee reversed a two-day losing run to settle marginally higher even as traders stayed cautious ahead of the RBI’s rate decision.The rupee closed 7 paise stronger at 85.80 against the US dollar on Thursday, snapping a two-session slide as positive cues from Asian currencies and…
As domestic money cushions corrections, veteran sees index doubling twice; points to compounding, macro strength and rising retail depth.The Indian equity market’s surprising ability to recover from every correction is no accident, says veteran investor Raamdeo Agrawal, who attributes the trend to the sustained flow of domestic capital. This resilience, he believes, will underpin a…
NEW DELHI: Shares of Eternal Ltd, the parent company of food delivery platform Zomato, surged nearly 6% on Thursday, extending its two-day rally to over 8%. The upward momentum followed Morgan Stanley reaffirming the company as its top sector pick. The brokerage firm kept its target price at Rs 320, suggesting a possible 33% upside…
NEW DELHI: Adani Group announced on Thursday that it paid nearly Rs 75,000 crore in taxes in FY2024-25, marking a 29% increase from the previous year. The Adani Group said its listed companies contributed Rs 74,945 crore to the exchequer in FY2024-25, up 29% from Rs 58,104 crore in the previous year. This total includes…
NEW DELHI: Eid al-Adha, also known as Bakrid or Eid ul-Zuha, is expected to be celebrated in India on Friday, June 7, depending on the sighting of the crescent moon.The day is likely to be observed as a public holiday across most parts of the country. Schools, colleges, banks, and government offices are expected to…
Gold rates and silver rates have been volatile in the last few weeks. (AI image) Gold and silver price prediction: Gold rates and silver rates have been volatile in the last few weeks, though recently there are signs of MCX Gold and MCX Silver rising. Precious metal prices are affected by worldwide geopolitical developments and…
Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Zydus Lifesciences, Great Eastern Shipping Company, and Tata Motors are the top buy calls for today. Here’s his view on Nifty, Bank Nifty and the top stock picks for…
MUMBAI: An imminent trade deal with the US is seen as a positive catalyst for the rupee, which is expected to strengthen to 84 levels by the end of 2025, according to Bank of America. Other positives include soft oil prices, a benign current account deficit, and RBI’s growth focus.In an interview with TOI, Adarsh…
MUMBAI: Traditional banks are losing ground in the fast-evolving financial services space to agile, tech-driven rivals. Even as overall sector revenues grow, incumbents struggle to hold on to their share, according to Boston Consulting Group’s latest Future of Finance report.“Financial services revenues are growing – but banks are not capturing their fair share,” BCG says….
