Nifty PSU Bank index rallies 3% in 2 days; Indian Bank hits all-time high

PSU Bank stocks gained up to 2% in trade on Thursday; Nifty PSU Bank index hit an intra-day high of 7,142.25, and was 2.3 per cent away from its 52-week high of 7,304.80 touched on July 17, 2025. PSU Bank shares today   Shares of public sector banks (PSBs) were trading higher for the second…

Trump warns Apple of 25% tariff on iPhones made in India or anyplace else; stock drops 2%

While the majority of Apple’s flagship phone production currently takes place in China, the company has begun to shift manufacturing operations to India.   President Donald Trump on Friday announced that Apple will be subject to a tariff of 25% or more for iPhones manufactured outside of the United States. In a statement on social…

Moody’s Ratings revises forecast of India’s 2025 GDP growth to 5.5-6.5%

Moody’s Ratings on Wednesday revised its forecast for India’s GDP growth downward from 6.6 per cent in February to a lower range of 5.5 to 6.5 per cent for calendar year 2025 amid a raft of new US tariffs.   The rating agency’s report on tariffs and trade turmoil said that the tariffs will weigh…