NEW DELHI: Adani Enterprises is likely to emerge as the highest bidder to acquire Jaiprakash Associates Ltd (JAL) through insolvency process as its offers to pay acquisition amount in two years have been found better than Vedanta’s bid to make payments in five years, sources said.In early September, mining conglomerate Vedanta Group had beaten Adani…
NEW DELHI: Amid volatile geopolitics and rapid shifts in markets and technology, certain companies are evaluating the idea of two leaders sharing the corner office. Over the past few weeks, global firms, including Comcast, Oracle and Spotify, have announced transitions to co-CEO structures, while discussions have begun closer home on whether a dual leadership can…
Nuvama maintained its buy rating on UPL with the target price upped to Rs 823 from Rs 808 earlier. Analysts said the company reported strong numbers for July-Sept quarter (Q2FY26) that led to higher outlook for earnings before interest, taxes, depreciation and amortisation (EBITDA), with revenue guidance unchanged. They also said that inventory overhang has…
NEW DELHI: The Centre is set to check proliferation of quality control orders (QCOs) and ease implementation pangs amid widespread criticism by industry, especially from those dependent on imported inputs. Besides, there are multiple complaints of a bunch of “consultants” operating to facilitate clearances. Currently, there are 191 QCOs, covering 773 products, ranging from furniture…
BENGALURU: Hexaware’s revenue for the Sept quarter rose to $394.8 million, registering a 3.3% sequential and 5.5% year-on-year increase in dollar terms. In constant currency, revenue grew 3.4% quarter-on-quarter and 5.2% year-on-year. Net profit, however, declined 5.4% sequentially. CEO R Srikrishna said the company is witnessing steady momentum across sectors, with financial services, travel, and…
IPO street will remain crowded in the upcoming week as investors brace for a heavy line-up of five IPOs scheduled to open between November 11 and 14. The primary market is set for an active spell, with three issues hitting the mainboard and two launches on the SME platform. In total, the companies are aiming…
China has stepped back from one of its toughest trade measures against the United States, pausing a ban that restricted exports of gallium, germanium, antimony and other products linked to high-tech manufacturing. The commerce ministry said on Sunday that the suspension applies to “dual-use” items, goods that can be used for both civilian and military…
Representative image (Picture credit: ANI) Pakistan’s manufacturing industry, once considered a key driver of economic growth and employment, is undergoing one of its worst downturns in recent history. The sector has seen a steep 46 per cent fall in private investment over the past six years, raising fears of long-term stagnation among economists and industrial…
The prices of home-cooked thalis in India eased significantly in October, with vegetarian thalis falling 17% and non-vegetarian thalis dropping 12% year-on-year, according to Crisil Intelligence’s latest Roti Rice Rate (RRR) report. The main drivers behind the decline were sharply lower prices for vegetables and pulses.Among vegetables, potatoes, tomatoes, and onions saw the steepest declines….
Seven of India’s ten most valued companies collectively lost Rs 88,635.28 crore in a holiday-shortened session, with Bharti Airtel and Tata Consultancy Services (TCS) among the biggest losers. The decline mirrored a weak trend across broader equity markets. The BSE benchmark fell 722.43 points, or 0.86%, while the Nifty dropped 229.8 points, a fall of…
India’s foreign exchange reserves dropped by $5.623 billion in the week ending October 31, reaching $689.733 billion, according to the Reserve Bank of India’s latest figures. The fall was driven by declines in both foreign currency assets and gold holdings.Foreign currency assets, the largest portion of the reserves, fell by $1.957 billion to $564.591 billion….
Foreign portfolio investors (FPIs) restarted selling Indian equities in November, pulling out a net Rs 12,569 crore amid weak global cues and a risk-averse environment. This follows a net inflow of Rs 14,610 crore in October, which had interrupted a series of outflows, Rs 23,885 crore in September, Rs 34,990 crore in August, and Rs…
The US air cargo industry is bracing for fresh turbulence as the Federal Aviation Administration’s (FAA) 10% reduction in flight capacity across 40 major airports collides with the grounding of UPS and FedEx’s McDonnell Douglas MD-11 fleets, deepening pressure on supply chains ahead of the crucial Thanksgiving and holiday shipping season.The FAA ordered airlines to…
China has granted exemptions to export controls on Nexperia chips for civilian applications, its commerce ministry said on Sunday, signalling a potential easing of pressure on the global auto industry hit by supply shortages following earlier curbs, Reuters reported.The announcement marks Beijing’s strongest indication yet that it will relax restrictions imposed after the Dutch government…
Finance Minister Nirmala Sitharaman reviewed the progress of the Tata Electronics’ Outsourced Semiconductor Assembly and Test (OSAT) facility at Jagiroad in Assam’s Morigaon district, calling it a key step toward positioning the state as part of the global semiconductor ecosystem by 2026.Accompanied by Chief Minister Himanta Biswa Sarma, the finance minister inspected the project site…
Indian stock markets are likely to remain under close watch this week as investors eye key inflation data, corporate earnings, and international developments. Activity by foreign investors is also expected to influence equity trends. Ajit Mishra, SVP, Research at Religare Broking Ltd, said, “This week will be crucial, with several key macroeconomic data releases scheduled….
Air travel across the United States could soon “slow to a trickle”, Transportation Secretary Sean Duffy warned on Sunday, as the prolonged government shutdown continues to paralyse operations and disrupt flight schedules nationwide, AFP reported.Thousands of flights were cancelled or delayed through the weekend as the Trump administration ordered capacity cuts at 40 airports to…
India’s deeptech sector is on course to become a $30 billion market by 2030, powered by growing defence innovation and a surge in global robotics adoption, according to a report by Redseer Strategy Consultants.The report said India’s deeptech opportunity has expanded 2.5 times over the past five years, with its market base currently estimated at…
US Treasury Secretary Scott Bessent has warned that the economic fallout from the prolonged government shutdown is intensifying, saying the situation is getting “worse and worse” as disruptions ripple through key sectors and strain public finances.(Breaking story) Source link
Gold prices are likely to remain in a corrective phase in the coming week as investors await key macroeconomic data from the US and China, along with fresh cues from Federal Reserve officials and a US Supreme Court hearing on trade tariffs, analysts said.“Gold prices are expected to see some consolidation or more correction as…
