Sitharaman calls for an amicable resolution to the Tata Trusts-Tata Sons dispute, saying the conglomerate is critical to the Indian economy and should return to normal functioning MUMBAI: Finance minister Nirmala Sitharaman said on Monday the dispute between Tata Trusts and Tata Sons should be resolved amicably, describing the salt-to-software conglomerate as a critical component…
Manufacturing PMI eased to 54.7 in October from 55.1 in September as output and new orders growth moderated, while export orders recorded their fastest rise in six months. NEW DELHI: Moderation in output and fresh orders eased activity in the manufacturing sector in Oct, even as export orders rose at their fastest pace in six…
Oil prices fell more than 1% on Monday as Iranian and Qatari officials held talks for a third consecutive day aimed at securing an agreement to end the US-Israeli war on Iran, easing some immediate concerns over supply disruptions.Brent crude futures declined $1.59, or 1.40%, to $111.84 a barrel by 0011 GMT.US West Texas Intermediate…
Goldman expects strong tax collections and spending controls to keep the Centre on track to meet its FY27 fiscal deficit goal. The Centre is likely to meet its fiscal deficit target of 4.3 per cent of GDP for FY27 despite recording 42.6 per cent of its full-year budgeted deficit in the first six months, with…
IndiGo sees growth potential despite industry headwinds, focuses on cost control IndiGo sees significant growth opportunities despite rising fuel costs and other pressures facing the aviation industry, CEO Willie Walsh said on Monday, adding that the airline would focus on maintaining a competitive cost base while navigating the challenges.At his first in-person briefing since taking…
AI-linked stocks trail as IT services power India’s October rally Indian equities were reportedly among the world’s best-performing markets in October, outperforming the broader Asia-Pacific region as investors shifted money away from AI-sensitive technology stocks and towards other sectors. The trend was also visible within India, where IT services stocks gained ground while companies linked…
The fraud came to light later, when the depositors discovered that the documents they had received were forged and that no accounts had actually been opened. (Image for representative purpose only) Imagine a scenario where you open some post office savings accounts, but it turns out that the accounts are fake because the people who…
Strong overseas demand cushions slowdown in India’s manufacturing activity (representative image) India’s manufacturing activity expanded at a slower pace in October as growth in output and new orders moderated, although stronger overseas demand supported production and helped cushion the slowdown.Factory employment continued to rise, while input cost inflation eased to its lowest level since February,…
Indian equities have underperformed other emerging markets over the past two years. The buzz around removal of long-term capital gains (LTCG) tax on equities is gaining traction, with the market regulator also urging the government to scrap it. The Securities and Exchange Board of India (SEBI) has reportedly requested the government to consider scrapping LTCG…
China is tightening export controls on construction equipment, including tunnel-boring machines, in a move that could affect India’s infrastructure projects and add to concerns over its dependence on Chinese machinery.The new restrictions cover specialised equipment used to build tunnels for roads, railways and metro networks, as well as machines designed to spray concrete at high…
