Fuel price hikes impact the common man through several channels, leading to lower disposable income in hand, higher cost of travel. (AI image) Almost three months after the start of the US-Iran war, the economic fallout from the Middle East is beginning to hit home. Finance Minister Nirmala Sitharaman has expressed concern on 3Fs: fuel,…
In a posh to raise around Rs 5,000 crore for the exchequer, the government will sell up to a 2 per cent stake in Coal India through an offer for sale (OFS), with a floor price of Rs 412 per share, PTI reported.The sale comprises a base offer of 1 per cent equity and an…
Wall Street moved higher on Tuesday as investors reacted to signs of progress in negotiations over the Iran conflict, while technology stocks extended gains and easing bond yields provided additional support, AP reported.The S&P 500 rose 0.5 per cent after trading resumed following Monday’s holiday. The Dow Jones Industrial Average gained 53 points, or 0.1…
A board meeting of Tata Sons, the holding company of the Tata Group, concluded in Mumbai on Tuesday amid reports of discussions around leadership and concerns over the performance of some group businesses, PTI reported.Directors, including Tata Trusts chairman Noel Tata, arrived at the group’s headquarters, Bombay House, in the morning and left in the…
State-run Union Bank of India on Tuesday approved plans to raise up to Rs 8,000 crore through a mix of debt and equity instruments, PTI reported.In a regulatory filing to the BSE, the bank said its board had approved raising debt capital of up to Rs 5,000 crore through Basel III-compliant Additional Tier-1 bonds and/or…
Global investors have sold nearly $24 billion worth of Indian equities so far this year as capital shifted towards the artificial intelligence-driven rally in Taiwan. (AI image) After months of AI-led rallies, Taiwan has finally overtaken India in terms of total stock market valuation, driven largely by the sharp rally in shares of Taiwan Semiconductor…
NEW DELHI: Apple is set to overtake FMCG major Hindustan Unilever in revenue, as affluent Indian consumers spend more on premium smartphones and digital lifestyles while growth in traditional household staples slows.A report by Kotak Mahindra Mutual Fund estimates Apple India’s FY26 revenue at over Rs 1.4 lakh crore, more than twice HUL’s projected Rs…
MUMBAI: Extended supply chain disruptions from the West Asia conflict could shave around 200 bps (100 bps= 1%) off India Inc’s operating profitability this fiscal year, pulling margins down from a pre-conflict expectation of around 12%, according to a stress test by Crisil Ratings.The agency assessed 34 sectors accounting for 65% of its rated corporate…
CHENNAI: Free trade agreements offer the Indian textile industry a significant opportunity to expand its share in the EU, UK, and other markets, as they boost competitiveness. Large players, including Gokaldas Exports, KPR Mill, Arvind, Welspun Living, Vardhman Textiles, and Pearl Global Industries, have signaled export growth in these markets. Some, such as Trident and…
New Delhi: Indians remain hooked to cereals, while neglecting other components of a balanced diet like pulses, vegetables, fruits, milk and meat, shows a govt study. The study has compared food consumption patterns of the Indian households with the latest nutrition guidelines recommended by Indian Council of Medical Research (ICMR).Barring Kerala and only urban areas…