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Home  Business

Business

Stock markets rebound in early trade after 4-days of slump; Sensex jumps over 530 pts

Stock markets rebound in early trade after 4-days of slump; Sensex jumps over 530 pts

  • Rupee gains for fifth straight session, rises 14 paise to 94.59

    The rupee gained 14 paise to close at 94.59 against the US dollar on Thursday, extending its winning streak to five sessions. Strong foreign currency deposit inflows and foreign institutional buying supported the currency, while crude prices capped gains
  • Sensex, Nifty rebound in early trade after 3-day slide; bank stocks lead recovery

    Indian equity benchmarks Sensex and Nifty rebounded in early trade after three sessions of losses, supported by gains in banking stocks, positive global cues and easing US bond yields. Record FCNR(B) inflows also boosted confidence in rupee stability and foreign investor sentiment
  • Crude oil futures rise for sixth straight session to Rs 8,592 per barrel

    Crude oil futures extended gains for a sixth consecutive session, rising to Rs 8,592 per barrel amid renewed US-Iran hostilities. Fears of supply disruptions pushed global oil prices higher, with Brent crude nearing USD 97 per barrel in international markets
  • Gold futures slip for 7th day, drop to Rs 1.5 lakh/10g amid US-Iran tensions

    Gold futures declined for the seventh straight session, falling over 1 per cent on MCX amid escalating US-Iran military tensions. Rising oil prices heightened inflation and interest-rate concerns, while investors await US employment data for clues on the Federal Reserve’s monetary policy
  • India needs 1.32 million EV charging points by 2030 in massive opportunity: Report

    India will require 1.32 million EV chargers by 2030, compared with 67,657 installed as of August 2026. While public charging stations have expanded rapidly, low utilisation and limited fast-charging infrastructure highlight significant opportunities for charge point operators as passenger EV adoption grows
  • Meta launches ‘Muse Voice Transcribe’ with native support for five Indian languages

    Meta has launched Muse Voice Transcribe, its first real-time audio-perception model, supporting five major Indian languages and over 70 languages globally. The model offers streaming transcription, speaker diarisation, code-switching, adaptive delay and improved accuracy, powering Meta AI and Muse Code applications
  • Apple CEO John Ternus to get 58 million usd compensation package in 2027

    Apple CEO John Ternus will receive a compensation package worth about $58 million in fiscal 2027, including a $55-million stock award, while outgoing CEO Tim Cook will get about $47 million as executive chairman after 15 years leading the company.
  • India can attract at least USD 200 billion into data centres: Piyush Goyal

    Commerce and Industry Minister Piyush Goyal said India could attract at least USD 200 billion in investments into the data centre sector. He also said data centres, artificial intelligence, semiconductors and manufacturing would drive India’s growth towards a USD 30 trillion economy by 2047
  • Editorial: Food warning labels—messaging matters

    FSSAI’s front-of-pack warning labels for packaged foods are a welcome step, but they will be meaningful only if consumers understand what the labels signify
  • John Ternus succeeds Tim Cook as Apple CEO

    Apple has entered a new leadership era as John Ternus formally took over as CEO on September 1, succeeding Tim Cook, who led the company for 15 years. Cook transitions to the role of executive chairman, while Ternus also joins Apple’s board.
  • India achieves 7.8% GDP growth despite conflicts: PM Modi

    Prime Minister Narendra Modi congratulated citizens for India’s 7.8% GDP growth in the April–June quarter, achieved despite global wars, instability, and supply chain disruptions. In a video message, he urged people to embrace Swadeshi and self-reliance, avoid unnecessary foreign holidays, weddings abroad, and gold purchases.
  • Sensex, Nifty edge lower in early trade amid crude price rise, global concerns

    Indian equity benchmarks opened subdued amid weak Asian markets, geopolitical tensions and elevated US bond yields. Sensex and Nifty declined marginally, while FMCG, metal and auto stocks gained. Strong Q1 GDP growth offered support, though crude prices and foreign outflows remained concerns
  • Record 7.8 crore ITRs filed for AY 2026-27

    The Income Tax Department announced that a record 7.8 crore income tax returns (ITRs) were filed for Assessment Year 2026-27 by August 31, surpassing last year’s 7.3 crore filings. This includes over 5.9 crore ITR-1 and ITR-2 filed by the July 31 deadline.
  • Editorial: Mining Law — preserve States’ rights

    Mineral-bearing States legitimately deserve an equitable share of the economic value generated from their natural resources
  • India’s GDP grows 7.8 per cent in Q1, beats RBI forecast

    India’s economy grew 7.8 per cent in the April-June quarter of FY27, beating expectations and the RBI’s 7 per cent forecast. Despite geopolitical tensions and the Iran conflict, strong domestic activity helped sustain growth, keeping India the fastest-growing major economy
  • Canara Bank, Union Bank move NCLAT against Chandra insolvency plan

    Canara Bank and Union Bank have moved NCLAT challenging NCLT approval of Subhash Chandra’s Rs 6.5-crore personal insolvency repayment plan against creditor claims of Rs 22,006.57 crore. The lenders allege related entities influenced voting, while NCLT upheld the plan
  • UPI payments to be enabled across Uzbekistan under NPCI International partnership

    Indian tourists, business travellers and students will soon be able to make UPI payments across Uzbekistan after NPCI International partnered with the country’s National Interbank Processing Centre. The arrangement will enable instant merchant payments through Uzbekistan’s UZQR system
  • Mumbai property registrations projected to rise 11 pc to 14-year high in August

    Mumbai property registrations are projected to rise 11 per cent year-on-year to 12,503 units in August 2026, potentially marking a 14-year high for the month. Stamp duty collections are also expected to increase 12 per cent to Rs 1,123 crore
  • India’s national highway toll collections to grow 10-12pc in 2027-28: ICRA

    India's national highway toll collections are expected to grow 10-12 per cent in 2027-28, driven by higher toll revisions and steady traffic growth, ICRA said. Collections are likely to moderate in 2026-27 amid slower traffic growth and lower toll rate revisions
  • IOC ramps up LPG production 30pc amid Strait of Hormuz disruptions

    Indian Oil Corporation raised LPG production by nearly 30 per cent and operated refineries above 100 per cent utilisation as Strait of Hormuz disruptions threatened energy supplies. IOC also diversified crude sourcing, secured alternative supplies and reported record operating performance
  • FM Sitharaman pitches for India as manufacturing, innovation hub to 3M CEO

    Finance Minister Nirmala Sitharaman urged 3M Chairman William Brown to expand investments in India in research, advanced manufacturing, technology and local supply chains. Discussions focused on leveraging India’s talent and manufacturing capabilities to strengthen domestic and global supply-chain opportunities
  • Markets open lower amid renewed geopolitical tensions

     Indian equity benchmarks opened lower on Monday as weak Asian markets and surging crude prices weighed on investor sentiment amid renewed US-Iran tensions. Sensex fell 134 points and Nifty declined 58 points, while metal and IT stocks led sectoral losses 
  • Editorial: A turning point in social media history

    The Meta's $18 billion settlement marks a belated recognition that harm can be embedded not merely in how social media is used, but in how it is designed
  • Sugar prices remain above Rs 60 per kg despite government measures

    Sugar prices remained above Rs 60 per kg in most retail markets despite government measures to curb inflation, with the all-India average rising to Rs 64.24 per kg. Retail prices are sharply higher despite declining ex-mill rates after duty-free imports
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