Market crash: Sensex ended 29 pts lower at 75,967 and Nifty closed 14.20 pts lower at 22,945 on Tuesday. The minor correction in the current session comes after a day of gains preceded by eight sessions of losses. The ongoing correction dragged the market cap of BSE-listed firms below Rs 4 lakh crore (on…
New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose Saturday represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy. In Trump’s view, the 25 per cent tariffs against the two North American allies…
The Indian rupee slid to an all-time low on Friday, closing at 85.9650 against the US dollar, down 0.2% for the week. The rupee has hit new closing lows for the third consecutive day this week and this marked its tenth consecutive weekly decline, surpassing the previous record low of 85.9325 reached on Thursday. The…
India’s Finance Minister Nirmala Sitharaman will present the Union Budget on February 1, 2025, a day keenly awaited by taxpayers across the country. Many tune in specifically for the segment on income tax, eager to see if any changes are announced to provide relief for the common man. This year, speculation revolves around…
India’s largest IT services player Tata Consultancy Services (TCS) saw its net profit for the third quarter of the fiscal year 2024-25 at Rs 12,380 crore, up 11.9 per cent compared to Rs 11,058 crore in the same quarter of FY24. Revenue for the company grew 5.6 per cent to Rs 63,973 crore in Q3 FY25.…
Buying interest in select heavyweights such as Infosys Ltd, Mahindra & Mahindra (M&M), Bajaj Finance, Maruti Suzuki India, Kotak Mahindra Bank, Reliance Industries Ltd and Bajaj Finserv lifted the indices higher. Domestic equity benchmarks rose sharply in afternoon deals on Thursday, extending their gains for the second consecutive session of calendar year 2025. The surge…