During April-June this fiscal, exports increased 15.92 per cent to $129.32 billion, while imports rose 19.89 per cent to USD 216.18 billion. India’s exports rose by 15.5 per cent to $40.41 billion in June, even as the trade deficit widened to $30.43 billion. Imports in June went up by about 31 per cent to…
Despite Wednesday’s gains, the stock continues to trade nearly 9 per cent below its IPO price, though it is about 8 per cent higher than its listing-day low on the NSE Shares of Waterways Leisure Tourism staged a sharp rebound on Wednesday, a day after a weak debut on the stock exchanges, with the…
Output, new orders, exports and hiring lose momentum as softer demand and intense competition weigh on factory activity, though the sector remains in expansion territory India’s private sector manufacturing activity expanded at its slowest pace in three months in June as growth in international sales, purchasing activity, employment and output moderated, a private survey…
The United States and Iran on Wednesday unveiled a 14-point interim agreement aimed at ending the ongoing conflict between the two countries, restoring commercial shipping through the Strait of Hormuz and launching negotiations for a broader peace settlement. The document, titled the Islamabad Memorandum of Understanding between the United States of America and the…
Hindalco expects high double-digit growth in domestic aluminium downstream business in FY27, driven by ramp-up at its new rolling facility, Aditya FRP, and expansion into higher-value products Hindalco Industries expects unit Novelis to deliver earnings of about $500 per tonne in fiscal 2027 and sees strong demand across its Indian aluminium and copper businesses, a…
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…
At the closing bell, the Sensex advanced 313.02 points, or 0.38 per cent, to 82,693.71, extending its two-day winning run by 907 points. State Bank of India (SBI) emerged as the top gainer on the Sensex, climbing 2.91 per cent to Rs 856.00. Bharat Electronics (BEL) advanced 2.41 per cent. Domestic equity benchmarks extended their…
According to the proposals, GST on four-wheeled EVs priced between Rs 20 lakh and Rs 40 lakh will be raised from 5% to 18%, while EVs costing more than Rs 40 lakh will face a jump from 5% to 28%. Only electric buses will continue to enjoy the existing 5% concessional rate. The GoM argued…
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…