NEW DELHI: Indian equities surged as markets reopened after an extended weekend, with the NSE Nifty 50 Index rallying by as much as 2.4% on Tuesday in Mumbai, surpassing its April 2 closing level. According to Bloomberg, this rebound makes India the first major market globally to erase losses stemming from the reciprocal tariffs imposed…
NEW DELHI: Retail inflation slowed to a more than 5-year low in March on the back of sharply moderating food prices, paving the way for the Reserve Bank of India (RBI) to cut interest rates in the months ahead to support growth against the backdrop of global uncertainty.Data released by the National Statistical Office (NSO)…
Gold prices in the national capital rose by Rs 50 on Tuesday to align with their all-time high of Rs 96,450 per 10 grams last week, the All India Sarafa Association said. This hike followed a Rs 50 dip on Monday, when gold of 99.9% purity had closed at Rs 96,400 per 10 grams.This upward…
Nvidia Corp, the dominant player in chips for AI models, plans to produce as much as half a trillion dollars’ worth of AI infrastructure in the US over the next four years through manufacturing partnerships.Production of Nvidia’s latest generation AI chip, known as Blackwell, has begun at Taiwan Semiconductor Manufacturing Co’s new plant in Phoenix,…
Investors witnessed a massive boost in wealth, with Rs 18.42 lakh crore added to their portfolios over two days, driven by a sharp surge in equity markets. The rally mirrored a global uptrend following US President Donald Trump’s decision to ease tariffs on electronics and his hints at potential duty relief on automobiles.Extending gains for…
Top stocks to buy or sell today (AI image) Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, Saregama and Jio Financial Services are the top stocks to buy today, while Power Grid is a sell call:SAREGAMA LTD: BUY in ₹533–527 Range | Stop Loss: ₹498 |…
NEW DELHI: State-owned Ireda on Tuesday reported a 49 per cent rise in its standalone profit after tax to Rs 502 crore in the quarter ended March 31, 2025. Its revenue from operations rose 37 per cent year-on-year (YoY) to Rs 1,904 crore in the fourth quarter, the company said in a statement. For FY25,…
A federal judge has ordered Bank of America to pay $540.3 million to the Federal Deposit Insurance Corporation (FDIC) in a long-standing legal battle over underpaid deposit insurance assessments. The ruling, made public on Monday, stems from assessments owed between the second quarter of 2013 and the end of 2014, and includes accrued interest.According to…
IndusInd Bank on Tuesday said that accounting lapses in the derivative portfolio will have a negative impact of Rs 1,979 crore on the bank’s networth. The bank has assessed an adverse impact (on a post-tax basis) of 2.27 per cent to its net worth as of December 2024 on account of discrepancies relating to derivative…
Banking stocks stole the spotlight on Tuesday as the broader markets continued their winning streak, driven by a mix of interest rate cuts and improved investor sentiment.IndusInd Bank was the standout performer, soaring 6.84% on the BSE. Other private sector lenders followed suit, Axis Bank jumped 4.18%, HDFC Bank rose 3.23%, and ICICI Bank gained…
