Business

LoP Rahul Gandhi met farm union leaders at Parliament to plan a national movement against the India-US interim trade deal. Leaders argued the pact threatens corn, soy, and cotton farmers, while Gandhi accused the government of compromising food security

Asian markets mostly fell Friday, tracking Wall Street losses amid investor concerns over AI disruptions impacting tech stocks. Tokyo, Hong Kong, Shanghai, and Australia saw declines, while South Korea’s Kospi gained. U.S. inflation data and tech earnings influenced global market sentiment

Benchmark equity indices Sensex and Nifty fell over 1 per cent in early trade on Friday, led by sharp losses in IT stocks amid weak global cues and concerns over AI-led disruptions. Broader markets also witnessed heavy selling.

The rupee weakened by 8 paise to 90.69 against the US dollar in early trade on Friday, pressured by a stronger dollar and weak equities. However, stable inflation data and domestic fundamentals provided some support, forex traders said.

Nifty IT index plunged 5.51% to a four-month low, with major IT stocks including TCS, Infosys, and Tech Mahindra falling sharply. Investor fears over AI disruption and stronger US jobs data dampened hopes for near-term rate cuts, triggering a market selloff.

Gold and silver prices declined on Thursday as a stronger US dollar, supported by firm jobs data, weighed on bullion. Analysts said labour market strength could delay US rate cuts, while investors awaited key inflation data for further cues.

Benchmark indices Sensex and Nifty declined in early trade on Thursday, dragged down by sharp losses in IT stocks amid weak US market cues and rising crude oil prices. Analysts warned of continued pressure on technology shares.

The rupee strengthened 38 paise to 90.40 against the US dollar in early trade on Thursday, aided by foreign fund inflows and suspected RBI intervention. Ample liquidity, easing dollar index and cautious global cues supported the currency.

Mark Carney’s pragmatic approach has sent a clear message that anti-India elements cannot misuse Canadian freedoms to malign India

MIC Electronics Limited has received a Letter of Acceptance from Northern Railways for a Rs 1.46 crore project to supply, install, and commission passenger information and telecom infrastructure.

Gaps in supply chains, technology, skilled manpower, and capital pose formidable challenges to India’s domestic aircraft manufacturing

Shares of BSE Ltd surged nearly seven per cent to a 52-week high after the exchange reported a nearly threefold rise in consolidated profit for the December quarter. Strong growth in derivatives trading and listings boosted earnings and investor sentiment.

The rupee fell 11 paise to 90.77 against the US dollar in early trade on Tuesday as markets remained cautious after the India-US interim trade framework. Forex experts cited fading optimism and global uncertainties despite steady foreign inflows

Gold and silver prices surged sharply on Monday, supported by a weaker US dollar, rising geopolitical uncertainty and renewed hopes of US Federal Reserve rate cuts, with MCX silver hitting fresh intraday highs before witnessing mild profit booking.

Equity benchmark indices Sensex and Nifty opened higher on Monday, tracking firm Asian markets, foreign fund inflows and optimism following an interim trade agreement between India and the US, while gains were capped by mixed sectoral cues.

The rupee strengthened 21 paise to 90.44 against the US dollar in early trade on Monday, buoyed by positive sentiment after India and the US reached a framework for an interim trade pact, alongside firm equities and a weaker dollar.

Stability in benchmark lending rates, combined with a supply-side push in the recent Union Budget, is expected to complement demand traction across sectors

Former editor Martin Baron slams Bezos for attempting to curry favour with President Donald Trump, calling the turmoil at the Post “near-instant, self-inflicted brand destruction”

India and the US have reached a framework for an interim trade agreement, slashing tariffs on key goods, easing trade barriers and boosting market access. The pact aims to enhance exports, protect sensitive sectors and pave the way for a bilateral trade agreement

The privatisation of IDBI Bank has been stalled for over three years, after the government and LIC invited expressions of interest in October 2022 to sell a combined 60.72 per cent stake

Gold prices edged lower while silver tumbled over 3 per cent on Friday, pressured by a stronger US dollar and a sell-off in global tech stocks. Analysts termed the fall a technical correction, with long-term fundamentals remaining supportive.

The RBI on Friday kept the policy repo rate unchanged at 5.25 per cent and retained a neutral stance, citing controlled inflation and a favourable growth outlook. The MPC said it is assessing global headwinds while allowing earlier rate cuts to transmit.

Benchmark indices Sensex and Nifty declined in early trade on Friday, led by losses in IT stocks amid weak US market cues. Investor caution ahead of the RBI policy announcement and continued FII selling further dampened sentiment.

The rupee strengthened by 11 paise to 90.23 against the US dollar in early trade on Friday amid positive investor sentiment, even as FII outflows, rising crude prices and a firmer dollar limited further gains ahead of the RBI’s MPC decision.