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…
NEW DELHI: Black Friday sales in India recorded a strong rise this year, with overall order volumes growing 27% compared to 2024, according to an analysis by e-commerce enablement platform Unicommerce. The surge was driven largely by healthy food products, beauty and personal care, and home categories.The findings highlight the increasing popularity of the global…
India’s initial public offering (IPO) segment remains active, with roughly two dozen firms, including ICICI Prudential AMC, Meesho, and Juniper Green Energy, preparing to launch their public issues over the next two months. Collectively, these offerings could raise close to Rs 40,000 crore, according to merchant bankers.The upcoming slate also features prominent companies such as…
Representative image (AI-generated) NEW DELHI: Investor sentiment in the unlisted market appears optimistic as three mainboard IPOs – Meesho, Aequs Limited and Vidya Wires prepare to open for subscription between December 3 and December 5.All three issues are currently trading at notable premiums in the grey market, indicating expectations of healthy listing-day activity, according to…
The Quick Estimates of IIP reached 150.9, compared to 150.3 in October 2024. (AI image) October 2025 IIP: The Index of Industrial Production or IIP for the month of October slowed to 0.4% as against 4% in September, according to the latest government data. The reduced growth can be attributed to fewer working days due…
Representative image (AI-generated) NEW DELHI: The government on Monday said that over the past five years, more than two lakh private companies have been closed in India.According to data provided by Minister of State for Corporate Affairs Harsh Malhotra in a written reply to the Lok Sabha, a total of 2,04,268 private companies were shut…
GST collections: The Gross Goods and Services Tax (GST) collections for the month of November came in at over Rs 1.70 lakh crore. This is a rise of 0.7%, according to official data.SBI Research in a report in November had estimated that the gross domestic GST collections may come around Rs 1.49 lakh crore for…
NEW DELHI: State-owned oil marketing companies on Monday reduced the price of commercial LPG cylinders by Rs 10 per unit, offering relief to the hospitality sector.However, airlines are set to face renewed cost pressure as Aviation Turbine Fuel (ATF) prices were hiked for the third month in a row.With the latest revision, the price of…
Representative image (ANI) NEW DELHI: Gold and silver opened strongly in domestic futures on Monday, driven by a softening dollar, expectations of a US Federal Reserve rate cut and a weaker rupee.Gold February futures traded at Rs 1,30,383 per 10 grams, up Rs 879 (0.68%), while silver March futures surged to a new peak of…
State Bank of India (ANI image) NEW DELHI: State Bank of India (SBI) is on track for one of its strongest years in recent history, with shares rising nearly 25% so far in 2025. The growth has helped the country’s largest lender outpace all major private-sector peers in the Nifty, signalling a decisive shift in…
