Trump hails ‘great meeting’ with Xi; says China to restart US farm products, explore Alaska energy deal, act on fentanyl

Trump said he had a “truly great meeting” with Chinese President Xi Jinping, calling it a breakthrough that strengthened bilateral ties. Trump claimed China agreed to resume large-scale purchases of US farm goods, oil, and gas, while pledging cooperation on rare earth exports and fentanyl control. US President Donald Trump said he had a “truly…

SBI, BoB, PNB among 5 PSU Bank stocks that can rally up to 17%; say charts

PSU Bank stocks have outperformed in recent trading sessions amid reports of a likely hike in FII investment limit. Here are 5 stocks that look strong on technical charts. Shares of state-run banks have rallied up to 5 per cent in the last two trading sessions even as the NSE Nifty 50 index took a…

India’s industrial output growth remains unchanged at 4% in September

Manufacturing output expanded 4.8 per cent during September, while the electricity sector grew 3.1 per cent. In contrast, mining activity slipped 0.4 per cent during the period The Index of Industrial Production (IIP) growth stood at 4 per cent in September, unchanged from August, supported by growth in the manufacturing sector, according to data released…

India clears ₹5,532 crore worth of projects under ECMS to boost electronics component manufacturing

Union Electronics and IT Minister Ashwini Vaishnaw emphasised that the projects are expected to reduce India’s electronics import bill by ₹18,000–20,000 crore annually, while enabling domestic value addition of up to 40 percent — on par with China’s current levels.  In a significant move to strengthen India’s electronics manufacturing ecosystem, the government has approved seven…

Big boost for Indian Armed Forces: Centre clears ₹79,000 crore proposals for Army, Navy, IAF

The Defence Acquisition Council (DAC), chaired by Raksha Mantri Rajnath Singh, has approved various proposals for the Armed Forces amounting to a total of ₹79,000 crore, the government said. In a major boost for India’s defence sector, the Centre has cleared projects worth ₹79,000 crore for the Indian Armed Forces, the Ministry of Defence said…

Sensex gains 485 points, Nifty 50 ends above 25,700; what drove the Indian stock market higher? 5 key factors explained

The Sensex ended 485 points, or 0.58 per cent, up at 83,952.19, while the Nifty 50 ended at 25,709.85, up 125 points, or 0.49 per cent. The BSE Midcap and Smallcap indices ended with losses of 0.43 per cent and 0.49 per cent, respectively. Stock market today: Extending gains to a third consecutive session, Indian…

India bluntly rejects Trump’s claim on New Delhi agreeing to stop Russian oil purchase: ‘Not aware of any conversation’

India bluntly rejects Trump’s claim on New Delhi agreeing to stop Russian oil purchase: ‘Not aware of any conversation’ India on Thursday, October 16, strongly rejected United States President Donald Trump’s claim that New Delhi had agreed to stop purchasing oil from Russia, indicating that the claims were wrong. Responding to media queries, the Ministry…

Paytm transfers offline merchant payments to PPSL to comply with RBI norms

In another company development, One 97 Communications Ltd also approved a comprehensive internal restructuring plan to bring several of its financial and technology subsidiaries under direct ownership One 97 Communications Ltd, the parent company of Paytm, has approved the transfer of its offline merchant payments business to its wholly owned subsidiary, Paytm Payments Services Ltd…

Gold price climbs to new peak as US-China trade tension fuels safe-haven demand. Will this rally sustain till Diwali?

Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures, believes that the bullion is likely to witness further volatility ahead of festive season.   Gold price continues to see bull run on Tuesday driven by rising concerns over US tariffs and expectations of additional rate cuts by the…

‘Expect support from India’: US Treasury Secretary warns China on rare earth curbs

Washington is prepared to respond forcefully if Beijing does not reverse course, says Scott Bessent US Treasury Secretary Scott Bessent has warned that Washington and its allies will not allow Beijing to proceed unchecked with its new export restrictions on rare earth materials, calling it a direct challenge to the global supply chain. He described…