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The combined market capitalisation of eight of India’s 10 most-valued companies fell by Rs 79,129.21 crore last week, with Bajaj Finance and ICICI Bank taking the sharpest hit amid a broadly weak trend in equities, PTI reported. The BSE benchmark dropped 444.71 points, or 0.51%, during the week. Among the top-10 pack, only Reliance Industries…
Cheap copper imports under multiple free trade agreements (FTAs) are “severely damaging” India’s domestic manufacturing system, the Indian Primary Copper Producers Association (IPCPA) said, urging the government to step in with safeguard duties and quantitative restrictions.The industry body said a surge in zero-duty copper imports is eroding India’s smelting and downstream manufacturing base, even as…
Stock market outlook: The markets this week were driven by macroeconomic pressures and mixed global cues. Domestically, the rupee slid to a fresh record low of 90.56 against the US dollar, dampening risk sentiment. However, some relief came after the US Federal Reserve announced a 25-basis-point rate cut, while optimism over progress in India–US trade…
As the new year approaches, a clear theme is emerging on Wall Street, the technology giants that powered the bull market may no longer dominate market gains.Strategists at firms such as Bank of America and Morgan Stanley are advising clients to look beyond the so-called Magnificent Seven, a group that includes Nvidia and Amazon and…
Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper reaches of the world’s…
In a light-filled workshop in eastern China, a robotic arm moved a partially assembled autonomous vehicle as workers calibrated its cameras, typical of the incremental automation being adopted even across smaller factories in the world’s manufacturing powerhouse.China is already the world’s largest market for industrial robots, and the government is pouring billions of dollars into…
The richest man in the world could more than double his $460.6 billion fortune if SpaceX succeeds in going public next year at a valuation of $1.5 trillion.SpaceX is moving forward with an insider share sale that values Elon Musk’s rocket and satellite maker at about $800 billion, setting up what could be the largest…
NEW DELHI: After a massive nationwide operation, Central Board of Direct Taxes acted against several intermediaries involved in filing income tax returns with bogus claims of deductions and exemptions under the Income Tax Act.The move followed actions in July 2025, covering 150 premises, during which more than 102 suspicious RUPPs were identified for their role…
Railways is implementing focused cost-cutting initiatives across maintenance, procurement and energy sectors to fortify its financial position before dealing with increased wage expenses anticipated from the Eighth Pay Commission recommendations.Established in January 2024, the Eighth Pay Commission must submit its recommendations within an 18-month timeframe.The previous Seventh Pay Commission led to wage increases of 14-26%…
As the year draws to a close, signs are emerging that the dominance of Big Tech in driving the US equity bull market may be starting to fade, with major Wall Street firms urging investors to broaden their exposure beyond the so-called Magnificent Seven. As per Bloomberg reports, strategists at Bank of America Corp. and…
