Sugar stocks turned into a sweet spot for investors on Tuesday as shares of leading mills surged sharply, buoyed by the government’s decision to allow ethanol production without any quantitative restrictions in the 2025-26 marketing year beginning November.Rajshree Sugars & Chemicals hit the upper circuit with a 20 per cent jump on the BSE, while…
Wall Street tumbled on Tuesday, with the S&P 500 dropping 1.3% in early trade and heading toward its worst single-day loss in a month. The Dow Jones Industrial Average slipped 571 points, while the tech-heavy Nasdaq fell 1.7%, AP reported. Nvidia and other companies riding the artificial intelligence boom were among the heaviest drags. Rising…
Inflation in the eurozone rose slightly to 2.1% in August from 2% in July, official data showed on Tuesday, fuelling expectations that the European Central Bank (ECB) will keep interest rates unchanged at its policy meeting next week.The EU’s statistics agency Eurostat said the uptick was mainly driven by a smaller fall in energy prices….
States are set to emerge as “net gainers” under the planned Goods and Services Tax (GST) rate overhaul, with collections including devolution likely to cross Rs 14.10 lakh crore this fiscal, SBI Research has projected in its latest report.The study underlined that earlier rounds of rate cuts in 2018 and 2019 triggered a short-term dip…
As many as 13 companies, including Urban Company, which provides app-based beauty and home services, and Imagine Marketing, the parent of wearables brand boAt, have received Sebi approval to launch initial public offerings (IPOs), the regulator’s update on Tuesday showed.Other firms that obtained the clearance include Juniper Green Energy, Jain Resource Recycling, Mouri Tech, Ravi…
The current salary hikes are reportedly amongst the lowest in recent years. (AI image) TCS announces salary hikes! India’s biggest IT services provider, Tata Consultancy Services (TCS), has announced yearly salary hikes after a five-month postponement, offering most staff members raises between 4.5-7%. These increments correspond to the previous fiscal year ending March 2025. The…
India on its part has drawn its red lines on the trade deal, refusing to open its agricultural and dairy sectors. Commerce and industry minister Piysuh Goyal on Tuesday said that India and the US are negotiating a trade deal. The comments assume significance at a time when US President Donald Trump has imposed 50%…
File photo: Laurent Freixe Swiss food giant Nestlé has dismissed its chief executive Laurent Freixe with immediate effect after an internal investigation found he had an “undisclosed romantic relationship with a direct subordinate,” in violation of the company’s code of business conduct. The move was confirmed by the group on Monday, with chairman Paul Bulcke…
Donald Trump described the trade dynamics as unbalanced, highlighted India’s allegedly high tariff rates. (AI image) US President Donald Trump believes that America’s trade relationship with India is a ‘one-sided disaster’. The reality actually presents a completely different picture! The US actually enjoys a $35–40 billion surplus once all earnings are counted, according to an…
Gold price prediction: Buying the dips is the preferred strategy. A test of all-time high at $3500 (Rs 105,500) looks highly likely. (AI image) Gold price prediction today: Gold rates have been hitting life-time highs and analysts are of the view that hopes of Federal Reserve rate cuts are driving the rally. Praveen Singh, Senior…
