Indian companies are strengthening their presence in the United States, pouring billions in investment, job creation and growing participation across key sectors, senior officials said at the SelectUSA Investment Summit in Maryland. At the CII India Reception held at National Harbour on Monday (local time), Brandon Remington, US Deputy Undersecretary (Policy and International Trade Administration)…
Gold of 99.9% purity moved lower, declining by Rs 2,000, or 1.3%, to Rs 1,52,800 per 10 grams (inclusive of all taxes), compared to its previous close of Rs 1,54,800 per 10 grams, according to the All India Sarafa Association. Market participants noted that gold came under pressure in a relatively thin trading environment, as…
The Indian rupee depreciated for the fifth consecutive day, falling 24 paise to 94.25 against the US dollar. MUMBAI: The rupee closed at a record low of 95.09 against the US dollar on Monday, falling 18 paise from the previous close, as strong dollar demand from corporates and rising crude oil prices weighed on sentiment.Other…
A company law appeals court on Monday rejected a challenge by mining billionaire Anil Agarwal’s Vedanta Ltd to the winning bid by Gautam Adani’s group for bankrupt real estate firm Jaiprakash Associates Ltd (JAL), whose assets include India’s only Formula One circuit. The National Company Law Appellate Tribunal (NCLAT) did not find merit in the…
Looking ahead, markets will closely track global PMI releases and US labor market data for further direction on inflation and policy outlook. (AI image) Gold price prediction today: Gold prices are seeing consolidation, according to Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold prices extended last week’s decline, hovering near one-month…
Top stocks to buy (AI image) Stock market recommendations: Sudeep Shah, Head – Technical Research and Derivatives at SBI Securities has recommended Yatharth Hospital & Trauma Care Services Ltd, and Gujarat Ambuja Exports Ltd as the top stock recommendations for the week that starts today, May 4, 2026. The expert also shares his outlook for…
OPEC+ announced on Sunday that seven member nations would increase their combined production targets. (AI image) Oil price today: Crude oil prices on Monday edged down after US President Donald Trump announced that Washington would take steps to assist vessels stranded in the Strait of Hormuz. Still, crude remained firmly above the $100-a-barrel mark as…
NEW DELHI: India is poised to break into the top five markets globally for Nestlé over the next five years, driven by scale, favourable demographics and long-term growth drivers. Already among its fastest-growing markets globally, with over 14% growth last year, India receives “a strong global focus alongside sustained investments in R&D, manufacturing and brands”,…
BENGALURU: With many employees seeing a moderate dip in net take-home salaries in their latest payslips, companies are issuing explainers to help them understand the impact of the new labour codes.The reduction is largely due to changes in salary composition. Employee provident fund (PF) contributions have increased, as they are now calculated as 12% of…
MUMBAI: The boardrooms of India’s most powerful philanthropic trusts are looking at an uncomfortable May 8 reckoning. The Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT), which together hold a 52% controlling stake in Tata Sons, will convene to review their nominee directors on the holding company’s board, among other agenda items.The…