Wall Street traded mixed on Monday, with major technology stocks once again steering the market higher even as most other sectors struggled. The S&P 500 added 0.4% in early trading, inching close to its record high set last week. The tech-heavy Nasdaq composite climbed 0.9%, while the Dow Jones Industrial Average slipped 34 points, or…
Vodafone Idea shares surged nearly 10% on Monday to hit the upper circuit at Rs 9.60 on the BSE, after the Supreme Court provided crucial clarity on the long-pending issue of Adjusted Gross Revenue (AGR) dues. The development eased investor concerns over the telecom firm’s massive liabilities and lifted sentiment around the stock.The apex court…
Investors looking to build long-term wealth through Systematic Investment Plans (SIPs) in mid-cap mutual funds should ideally stay invested for a decade, financial experts said, as the probability of earning double-digit returns is the highest over a 10-year horizon.A WhiteOak Capital study, reported ET, found that investors who stayed invested in mid-cap funds through SIPs…
India’s manufacturing sector continued to strengthen in October, building on solid momentum from September. The movement was lifted by improving domestic demand, GST relief measures and increased technology investments that boosted factory activity.According to the latest data released by S&P Global, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 59.2 in October, up…
Gold prices fell last week as a stronger dollar, profit booking, easing US-China trade tensions dented safe-haven demand. (AI image) Gold price prediction: Gold prices are likely to be weighed down by global developments in the near –term, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Here is his outlook…
Prime Minister Narendra Modi inaugurated the Emerging Science & Technology Innovation Conclave (ESTIC) 2025 at Bharat Mandapam in New Delhi on Monday.Addressing the gathering, the Prime Minister said, “Today is also a big day in the world of science and technology. In the twenty-first century, there was a great need for experts from around the…
Asian stocks advanced on Monday, kicking off the the week on the back of AI optimisim, after Wall Street saw another tech led rally.Hong Kong’s HSI jumped to 26,043, adding 136 points or 0.53%. Kospi also traded up 2.4%, reaching 4,209 at 9:25 AM IST. Shanghai also traded in green, reaching 3,956.Shenzhen, sank 1%, down…
MUMBAI: Large and mid-cap companies have performed better than small-cap companies during the July-Sept quarter of the current fiscal (Q2FY26), an analysis of the quarterly results of some of the leading companies showed. Among 27 of the 50 constituent companies of the Nifty index that have announced their results, the aggregate profit after tax (PAT)…
From left, Adarsh Hiremath, Brendan Foody, and Surya Midha (Image credit: NYT News Service) TOI correspondent from Washington: In a stunning testament to the boom in Artificial Intelligence (AI), three 22-year-old high school friends from Silicon Valley, including two Indian-Americans, have become the world’s youngest self-made billionaires.Brendan Foody, Adarsh Hiremath, and Surya Midha, co-founders of…
File photo: Canadian Prime Minister Mark Carney (Picture credit: AP) Canadian Prime Minister Mark Carney on Saturday highlighted his country’s “progress” in building partnerships with India and other Asia-Pacific nations, even as tensions with the United States escalate over tariffs. His remarks came days after US President Donald Trump terminated all trade talks with Canada,…
The eight key members of the Opec+ alliance, including Saudi Arabia and Russia, have agreed to raise oil production by 137,000 barrels per day (bpd) starting December, marking a modest increase that will hold steady for three months, the group said in a statement after a virtual meeting on Sunday, AFP reported.The move, aligned with…
The National Company Law Appellate Tribunal (NCLAT) has ruled that the Competition Commission of India (CCI) does not have the power to investigate disputes related to patented products, holding that the Patent Act takes precedence over the Competition Act in such cases, PTI reported.Dismissing an appeal against a CCI order that had closed a complaint…
India’s exports to the US plunged 37.5% between May and September 2025 as sweeping tariff hikes by the Trump administration squeezed margins across major sectors, according to a report by India-based trade think tank Global Trade Research Initiative (GTRI), ANI reported.The US, India’s largest export market, saw shipments fall from $8.8 billion to $5.5 billion…
The Ministry of Road Transport and Highways will now impose penalties on contractors if more than one accident occurs in a year on a specific stretch of National Highway built under the build-operate-transfer (BOT) model, a senior official said.Road Transport and Highways Secretary V Umashankar said the ministry has revised the BOT document to make…
India’s goal of meeting its full-year financial targets for FY26 may prove difficult, with a new report from Union Bank of India flagging slower-than-expected growth in corporate and income tax collections. The bank’s report points out that the Centre’s fiscal strategy for FY26 relies heavily on strong tax revenues, even as capital expenditure continues at…
India recorded divergent fuel demand patterns in October, with petrol sales touching their strongest level in five months while diesel usage showed no festive lift, according to preliminary industry data, cited by PTI.The beginning of the festival travel period pushed petrol consumption to 3.65 million tonnes during the month. This is a 7% increase from…
Portugal has made a major change to its citizenship rules, doubling the minimum time foreigners must live in the country before being eligible for a passport, from five years to as long as ten. The move has given a major blow to the plans of wealthy Indians who used Portugal’s golden visa route to eventually…
GST revenue collections in FY26 might exceed estimates this financial year!SBI Research expects India’s Goods and Services Tax (GST) collections to outperform targets in FY26, even as the country moves through a major rate restructuring exercise. The banking group’s latest analysis took in account for similar gains and losses across the states and concluded that…
The trade talks between US President Donald Trump and Chinese President Xi Jinping in Busan last week resulted in several breakthrough agreements, easing tensions for the two economies. These ranged from soybean purchases, tariff cuts and rare-earth export restrictions and more, though details were initially withheld. Trump-Xi Summit: America’s F-35 Rare Earths ‘Weakness’ China Won’t…
NEW DELHI: The impact of pre-GST revamp pause in sale of several products, such as automobiles and white goods, and the lower rates rolled out from Sept 22 slowed down the growth in gross GST receipts but the mop up remained close to the Rs 2 lakh crore-level, data for October showed. Official numbers released…
