Trump hints at trade deal with India, says major announcements on the way

US President Donald Trump hints at new deal with India, possibly with tariffs similar to Indonesia’s 19% rate   US President Donald Trump on Wednesday said the United States is “very close to a deal with India,” suggesting that American goods could soon gain greater access to the Indian market, according to a Reuters report. “We’re very…

Jio Financial Q1 results: Profit up 4% YoY; revenue, NII see sharp surge

Jio Financial: Revenue from operations witnessed a sharp 46.58 per cent rise to Rs 612.46 crore, up from Rs 417.82 crore in the same quarter a year earlier.   Jio Financial Services Ltd (JFSL) on Thursday posted a 3.85 per cent year-on-year (YoY) rise in its consolidated net profit for the first quarter (Q1) of FY26,…

Edelweiss MF rejigs portfolios in June; exits TCS, adds TVS, IRCTC, Trent

Edelweiss Mutual Fund rebalanced its equity portfolios in June 2025 with sharp thematic pivots. The fund house exited TCS and Voltas while adding TVS, IRCTC, Trent, and Vishal Mega Mart.   Edelweiss Mutual Fund undertook a significant portfolio reshuffle across its equity schemes in June 2025, signalling a tactical tilt towards domestic consumption themes, niche…

Anthem Biosciences IPO fully subscribed on Day 2, led by NII, retail investors – Check latest GMP

Anthem Biosciences IPO shares will be listed on both NSE and BSE on July 21, while the allotment is expected on July 17.   Anthem Biosciences IPO fully subscribed on July 15. Anthem Biosciences IPO got fully subscribed at 1.15 times on the second day of share sale on July 15. The initial share sale…

Technical View: Nifty needs to reclaim 25,300 for sustained uptrend, India VIX approaches 15-month low

India VIX fell sharply after a couple of days of upward movement, closing at 11.48 (the lowest closing level since April 26, 2024), down 4.17 percent. This decline brings more stability and confidence to the market. Nifty Outlook for July 16 The Nifty 50 rebounded for the first time in five consecutive sessions, rising nearly…

India’s inflation cools to 2.1% in June, extending slide to more than 6-year lows

  Consumer inflation had dipped to 2.82% in May. CPI data allows India room to ease rates at a time when Trump tariffs threaten growth. India’s economy rose by a faster-than-expected 7.4% in the quarter ended March. India’s consumer inflation continued to ease in June, hitting a lower-than-expected 2.10%, government data showed on Monday. The…

Bitcoin crosses $1,21,000 mark to breach all-time high; crypto token up 29% this year

Bitcoin surpassed the $1,21,000 milestone for the first time today, on July 14, trading at $1,20,893.86, and marking a 29 per cent increase for the world’s largest cryptocurrency this year. Bitcoin surged past the $1,21,000 milestone for the first time ever on Monday, July 14, building on the sharp rally witnessed so far this year.…

TCS Q1 FY26: Net profit climbs 6% to Rs 12,760 crore; Rs 11 per share dividend announced

“The interim dividend shall be paid on Monday, August 4, 2025, to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Wednesday, July 16, 2025, which is the Record Date, fixed for…

Precious metal funds inflows at all-time high in June; experts favour blended approach

Gold and Silver ETFs rise in June: Experts see continued traction in precious metal ETFs, as investors look to diversify beyond traditional equity and fixed income in an increasingly complex macro environment The strong inflows into precious metal ETFs in June can be attributed to a combination of macroeconomic and market-driven factors. Net investments into…

Agriculture, dairy remain sticking points in India-US trade deal

Agriculture and dairy have emerged as key hurdles in clinching the India-US trade deal, with New Delhi firm on protecting its sensitive sectors. The ball now lies in Washington’s court as both sides weigh concessions amid looming tariff deadlines.   Agriculture and dairy are understood to be the main sticking points in the proposed trade…