Gold, silver prices retreat to one-year low NEW DELHI: Precious metals are having a rough run, with the latest sell-off taking gold to a one-year low and pushing silver below the $50-an-ounce mark for the first time since almost a year.Rising energy prices and stubborn inflation concerns are weighing on investor sentiment, with expectations growing…
Tata Motors announced Iveco deal in 2025. NEW DELHI: Tata Motors on Friday acquired an 89.42% stake in Italian commercial vehicle maker Iveco Group for around 3.43 billion euros after the initial settlement of its cash tender offer, taking control of the European company as the acquisition process continues.The deal makes Iveco an indirect subsidiary…
Total income rose to Rs 41,966.05 crore, while net revenue, comprising NII and other income, stood at Rs 19,906.99 crore. Operating profit before provisions and contingencies surged 50.87% to Rs 11,430.11 crore from Rs 7,575.95 crore. MUMBAI: Bank of Baroda reported a 35.81% year-on-year increase in standalone net profit to Rs 6,531.54 crore for the…
Nasdaq faces $2 trillion wipeout Over $2 trillion in market value is at risk for the tech-heavy Nasdaq 100 this month as investors question whether massive AI investments will pay off quickly enough.The possible loss would even be higher than SpaceX’s entire market value.The index has already fallen more than 5.8% in October as concerns…
Reliance Industries posts highest-ever Q2 revenue NEW DELHI: Reliance Industries Limited (RIL) reported its highest-ever quarterly consolidated gross revenue in the July-September quarter of FY27, with revenue rising 27.8% year-on-year to Rs 3,62,268 crore. The company’s profit increased 33.8% to Rs 29,550 crore, marking its highest quarterly profit on a recurring basis.The company’s consolidated earnings…
India’s forex reserves fall $1.27 billion as gold holdings slide NEW DELHI: India’s foreign exchange reserves fell by $1.269 billion to $719.748 billion in the week ended October 23. The decline was primarily driven by a fall in the value of gold holdings, according to the latest data released by the Reserve Bank of India…
Why Sanrio landed in hot water in China Hello Kitty maker Sanrio has come under fire in China over its collaboration with Japanese TV drama VIVANT.The partnership involved a range of soft toys, including Hello Kitty and other characters dressed as spies from the show. However, its storyline, which depicts a fictional Chinese intelligence agency…
Rupee ends the week in green NEW DELHI: Rupee ended Friday’s trading session strong, up 33-paise gain against the US dollar, closing at 94.93. The momentum came as the greenback remained soft and upbeat Dalal Street lent support to the currency. However, elevated crude oil prices and weakness in broader markets restricted its gains.Rupee began…
Global LNG prices may stay elevated through winter Global energy markets continue to face supply disruptions, with higher LNG prices, rising crude transportation costs and narrowing discounts on Russian oil adding to cost pressures. LNG prices have climbed 6% week-on-week to an average of $32 per million British thermal units (mmBtu), while lower gas inventories…
NEW DELHI: Asian Paints on Thursday reported a 7.5% year-on-year increase in consolidated net profit at Rs 1,067 crore for the Sept quarter, as strong sales growth across domestic coatings and international markets was partly offset by rising raw material costs and pressure on operating margins. Net sales rose 17% to Rs 9,954 crore. Source…
