Business

Gautam Adani has issued a letter to shareholders emphasising the group’s commitment to transparency and governance. Gautam Adani, the Adani group’s founder and chairman, has written about the Hindenburg report and recent SEBI clean chit. In a letter to shareholders, Gautam Adani said the Hindenburg report, aimed at weakening the group, has actually strengthened it.Following…

JPMorgan Chase & Co. estimates indicate that Russian refining operations have declined to under 5 million barrels daily. (AI image) Russia’s crude oil exports have climbed to a 16-month high at a time when its own refineries are reeling under drone attacks from Ukraine. Vessel-tracking data compiled by Bloomberg shows that the four-week average exports…

A strong rally in domestic gold prices could continue to push up imports, which could weigh on India’s current account balance on a long run unless offset by strong exports elsewhere. (AI image) Gold price prediction: Gold prices may correct but the downside would be limited, and the bull run is expected to continue, says…

Market analysts anticipate sustained market strength, backed by improving domestic consumption attributed to GST reforms and seasonal festival-related activities. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Wednesday on weak global cues. While Nifty50 was below 25,100, BSE Sensex was down over 200 points. At…

Top stocks to buy (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today are Greaves Cotton, Vadilal Industries, and Capri Global:Greaves Cotton – Symmetrical Triangle + Weekly RSI BreakoutBuy near: ₹225 | SL: ₹198 | Target: ₹275Since April 2025,…

JPMorgan CEO Jamie Dimon (File photo) Jamie Dimon, chairman & CEO of the world’s largest bank, visited India to address global business leaders and investors at JP Morgan’s 10th annual India conference. Impressed by Mumbai’s coastal road during his visit, Dimon, in an exclusive interview to TOI, discussed tariffs, H-1B visas, market risks, and stressed…

MUMBAI: A new study by the International Air Transport Association (IATA) has concluded that the airline industry has access to sufficient sustainable feedstock to achieve its net-zero emissions goal by 2050. The study, however, identifies a significant bottleneck in the slow rollout of technology needed to convert these diverse feedstocks into sustainable aviation fuel (SAF),…

MUMBAI: Hikal shareholders have approved the reappointment of Bharat Forge vice-chairman and joint MD Amit Kalyani to the board of the chemicals company, with almost all votes cast supporting his continuation. Interestingly, his aunt Sugandha Hiremath and her family, who own about 35% of Hikal, also voted in his favour. Her action comes amid an…

NEW DELHI: The Organisation for Economic Cooperation and Development (OECD) on Tuesday lifted India’s economic growth forecast by 40 basis points for 2025-26, citing monetary and fiscal policy easing and reforms linked to the Goods and Services Tax (GST).“In India, higher tariff rates will weigh on the export sector, but overall activity is anticipated to…

MUMBAI: The rupee closed at 88.76 against the dollar on Tuesday, down 46 paise from its previous close of 88.30 – its steepest one-day fall in nearly a month. The currency opened at 88.59 and hit a day’s low of 88.80. It has now lost over 3.5% this year, making it one of the weakest…