Asian markets mostly rose on Tuesday as investors focused on hopes of United States rate cuts and nerves around rising Japanese bond yields eased slightly.In Hong Kong, HSI rose 0.11%, rising 28 points to reach 26,061. Nikkei also rose 56 points to trade at 49,360 at 10:30 AM IST. South Korea’s Kospi added 1.81% to…
Starbucks, one of the world’s biggest coffee chains, has finally agreed to hand over about $35 million to more than 15,000 New York City workers after claims that shifts were slashed without warning and schedules kept in constant flux. The announcement landed on Monday, just hours before Mayor-elect Zohran Mamdani and US Senator Bernie Sanders…
TOI correspondent from Washington: In the predatory world of American artificial intelligence, where top engineers command salaries in the millions and signing bonuses rival small fortunes, Apple Inc has taken a big bite out of Microsoft and Google. The iPhone giant on Monday announced the hiring of Amar Subramanya, a Bengaluru-educated Google veteran who briefly…
Markets have been taking a breather with profit booking in focus after hitting recent record highs. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Tuesday on weak global cues. While Nifty50 was above 26,150, BSE Sensex was near 85,500. At 9:24 AM, Nifty50 was trading…
HSBC has a buy on GAIL with the target price at Rs 235. Analysts said that the Petroleum and Natural Gas Regulator Board (PNGRB) issued an interim order increasing pipeline tariff by 12% against GAIL’s demand for 33%, with the final order deferred to 2028. While this order disappointed investors in near term, analysts believe…
NEW DELHI: With demand continuing to be strong post the festive season, leading automakers – Maruti Suzuki, Mahindra & Mahindra, Tata Motors, Hyundai and Toyota Kirloskar – saw robust growth in sales in Nov as compared to the same month last year. Maruti Suzuki India reported the best-ever total sales, including exports, last month at…
NEW DELHI: Manufacturing activity softened in Nov as export orders eased due to the impact of US tariffs while job creation in the sector slowed to a 21-month low, a survey showed on Monday. Registering 56.6 in Nov, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) was above the neutral mark of 50.0 and its…
MUMBAI: Amazon India, a late entrant to the quick commerce space, is speeding up expansion of its 10-minute delivery service after rivals Zepto and Swiggy’s Instamart (they are bigger in terms of quick commerce growth, share and reach) lined up new funding to grow market share in the cash-guzzling sector. In Oct, Zepto bagged $450…
NEW DELHI: The deep differences in the Indian car industry over proposed relaxations in CO2 emissions limits in the new CAFE norms, which are to kick in from April 2027, are out in open with Maruti Suzuki, seen to be a major gainer, accusing “makers of some large gas guzzlers” of spreading “false narratives… (and)…
MUMBAI: India’s current account deficit narrowed to $ 12.3 billion, or 1.3% of GDP, in the Sept quarter, improving sharply from $20.8 billion, or 2.2% of GDP, a year earlier. The deficit, however, deteriorated quarter-on-quarter from $2.4 billion, or 0.2% of GDP, recorded in the June quarter. For the first half of FY26, the gap…
NEW DELHI: Diesel sales jumped to six-month high in Nov as the cut in GST (goods and services tax) rates boosted festive season demand, leading to increased industrial and commercial activities, industry data showed on Monday.Diesel consumption, an indicator of economic activities, rose 4.7% to 8.5 million tonnes during the month, posting the highest gain…
NEW DELHI: The country’s industrial production growth slowed to a 14-month low in Oct, dragged down by a sluggish manufacturing sector and contraction in electricity and mining sectors.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production (IIP) rose an annual 0.4% in Oct, lower than the upwardly revised…
NEW DELHI: Seeking to ensure that prices of sin goods such as tobacco products and pan masala do not fall after withdrawal of GST compensation cess, finance minister Nirmala Sitharaman on Monday moved two bills that will empower govt to levy excise duty on tobacco and tobacco products, while imposing health and national security cess…
Indian importers have stepped up advance purchases of South American soybean oil, securing large volumes for delivery from April to July 2026 as they brace for a potential jump in palm oil prices next year.According to a Bloomberg report, Aashish Acharya, vice president at Patanjali Foods Ltd, said buyers have committed to more than 150,000…
Indian rupee declined by 8 paise to end at 89.53 against the US dollar on Monday, weighed down by heightened demand for the dollar and concerns over the widening trade deficit. Forex traders said limited intervention by the central bank and delays in the India–US trade deal have also contributed to the rupee’s ongoing weakness.At…
Union Cabinet’s approval of a Rs 7,280 crore rare earth permanent magnet (REPM) scheme has been welcomed by industry executives as a major boost to India’s EV and electronics supply chains. The programme aims to create 6,000 metric tonnes per annum of integrated REPM capacity through five globally bid projects, supported by sales-linked incentives and…
Indian automobile industry showed robust growth in November 2025 as major automakers reported strong sales, driven by steady domestic demand, rising exports, and growing electric vehicle adoption. As the calendar year neared its end, these figures indicated an industry regaining momentum amid improved supply conditions and government-friendly policies, including GST reforms that positively impacted sales.Maruti…
Employees’ Provident Fund Organisation (EPFO) has processed nearly 99 per cent of applications seeking higher contributions to secure increased pensions under the Employees’ Pension Scheme (EPS) 1995, Parliament was informed Monday.Minister of state for labour & employment Shobha Karandlaje, in a written reply to Lok Sabha, said the EPFO has acted to implement directions issued…
Reserve Bank of India Governor Sanjay Malhotra on Monday unveiled the National Strategy for Financial Inclusion (NSFI) 2025-30, aimed at expanding financial access and usage across India over the next five years. The strategy promotes a holistic, ecosystem-based approach to improve the quality, reach, and consistency of last-mile financial services. Objectives focus on women, households,…
US markets moved lower on Monday, giving back part of last week’s gains as bitcoin and other once-popular assets continued to weaken. The S&P 500 was down 0.4% in morning trading, putting its five-day winning run at risk. The Dow Jones Industrial Average fell 204 points, also 0.4%, and the Nasdaq composite edged down 0.5%.Earlier…
