India’s foreign exchange reserves fell for the third consecutive week, slipping by $2.699 billion to $687.034 billion for the week ended November 7, according to data released by the Reserve Bank of India (RBI) on Friday.The forex kitty had already declined by $5.623 billion in the previous week to $689.733 billion, extending what has become…
Hiring activity across India’s private sector improved marginally in the first 10 months of 2025, supported by stronger demand, healthier order books and a steady revival in business sentiment. An ET analysis of HSBC and S&P Global Market Intelligence data shows that the jobs component of the seasonally adjusted HSBC India PMI rose to 53.8…
India’s move to scrap Quality Control Orders (QCOs) on a wide basket of raw materials across textiles, plastics and mining has brought immediate relief to manufacturers, even as the Global Trade Research Initiative (GTRI) has urged the government to keep a tight watch on possible import surges, ANI reported.The withdrawal, notified on November 13, eliminates…
Andhra Pradesh is set to see another major AI boost, months after Google announced its AI data centre investment. This time, Reliance Industries has announced setting up a 1 GW AI-focused data centre in the south Indian state. The upcoming Reliance facility will be built as a modular unit equipped with graphic processing units, tensor…
Large public issues, usually known for testing investor appetite, have emerged as the standout theme of India’s 2025 primary market. Contrary to earlier cycles where big IPOs struggled to draw heavy bids, this year has seen large issues attract some of their strongest-ever subscriptions, supported by abundant institutional liquidity and sharper investor selectivity.According to an…
Gold prices slipped in the domestic derivatives market on Friday, mirroring the softer trend overseas as traders reacted to easing expectations of a near-term US Federal Reserve rate cut.Gold contracts on the Multi Commodity Exchange (MCX) opened weak and stayed under pressure through the session. The December futures dropped by Rs 345, or 0.27%, settling…
China’s consumer spending lost further momentum in October, with official figures showing the weakest pace of retail growth in more than a year.The numbers, released on Friday highlight the difficulty authorities are facing as they try to lift confidence among households still reluctant to spend.According to the National Bureau of Statistics (NBS), retail sales were…
Wholesale inflation slid further into the negative zone in October, with the Wholesale Price Index (WPI) falling to (-)1.21%, as prices of food items, fuel and several manufactured goods continued to ease, latest government data showed on Friday.WPI inflation had stood at 0.13% in September and 2.75% a year earlier, according to PTI.According to the…
Commerce and industry minister Piyush Goyal on Friday outlined India’s ongoing plan to expand its free trade agreement network, saying that discussions are underway with the US, the European Union, New Zealand, Oman, Peru and Chile.Speaking at the CII Partnership Summit 2025, Goyal also highlighted the scope for infrastructure collaboration, stating that the India Trade…
South Korea and the US have reached an agreement, covering areas such as nuclear power, tariff concerns, AI and more.South Korean President Lee Jae Myung on Friday announced that the two nations have finalised a joint face sheet agreement on trade and security issues. The deal with bring down US import duties on South Korean…
Anil Ambani is the Reliance Group chairman. Anil Ambani has responded to the Enforcement Directorate’s summons by requesting to appear via “virtual means” for the Friday meeting. Anil Ambani is the Reliance Group chairman.The 66-year-old business leader’s spokesperson released a statement indicating that Ambani has written to the agency, pledging “full cooperation” in the ongoing…
Mahindra & Mahindra has deepened its presence in India’s financial sector by partnering with Canada’s Manulife to enter the life insurance business through a new 50:50 joint venture. The two companies have signed an agreement to establish a life insurer in India, subject to regulatory approvals, with each holding an equal stake and a capital…
NEW DELHI: Singapore Airlines (SIA) has seen its profit for the first half this year fall 68 per cent “notably” due to losses of Air India and some other factors. Owned 25.1 per cent by SIA and the rest by Tata Group, Air India group had lost Rs 9,568.4 crore in FY 2025. SIA said…
Gold’s intraday technical setup points toward short-term consolidation with a bearish bias. (AI image) Gold price prediction today: Gold prices are showing some bearish bias, and a period of short-term consolidation is likely, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy for gold investors:Gold futures on MCX…
MUMBAI: With foreign funds slowing down their investments into Indian equities in the last few years, their aggregate holding in Indian companies has come down to 16.9%, the lowest level seen in over 15 years. In contrast, at 10.9% holding, domestic mutual funds (DMFs) are now at a life-high level, a report by NSE said.Researchers…
MUMBAI: Sebi is proposing that companies filing IPO documents should file a summary of the offer with most important points in it. It’s also proposing to do away with the practice of filing an abridged offer document.Sebi is also proposing to include shares pledged by the promoters of an IPO-bound company for lock-in by the…
Asian markets traded in red on Friday as investors reacted to a sharp drop on Wall Street.Hong Kong’s HSI dipped 301 points or 1.11% to 26,771. Nikkei also fell 847 points or 1.65% to reach 50,434 at 8:45 AM IST. Shanghai and Shenzhen also traded in red, falling 0.13% and 1.07%, respectively. In South Korea,…
Indian professionals celebrate upward market trends on a bustling stock exchange trading floor, bathed in bright, energetic light. MUMBAI: In a first, three Indian startups are going public in a week. Many early investors are minting money with IPOs set to become a dominant mode of exit for most of them going ahead — a…
BENGALURU: Bhaskar Bhat, a one-company man, began his career at the Tatas as a member of its watch project in the early 1980s. He eventually secured a coveted seat at the highest table in the group when he was appointed to the board of the Sir Dorabji Tata Trust 42 years later. During that period,…
Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, the top stock picks for November 14, 2025 are CG Power and Industrial Solutions, and Apollo Hospitals Enterprise. Here’s its view on Nifty and Bank Nifty:Index View: NiftyBenchmark indices ended their two-week losing streak and are trading firmly higher this week,…
