Latest News, Updates & Breaking Headlines
MUMBAI: Tata Steel will acquire just over 50% stake in Thriveni Pellets for Rs 636 crore as part of its expansion strategy. Thriveni Pellets operates a 4-million-ton pellet plant in Jajpur, Odisha, and a 212km slurry pipeline. The remaining 49.99% stake is held by BSE-listed Lloyds Metals & Energy. Iron ore pellets are a key…
Most experts believe that a rate cut by the US Federal Reserve is a positive signal for the Indian markets. (AI image) The US Federal Reserve cut the benchmark rate by 25 basis points in the latest monetary policy review. A split US Federal Reserve announced its third successive interest rate cut of the year,…
Top stocks to buy or sell (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Cholamandalam Investment and Fin Co, and ICICI Prudential Life Insurance. Ambuja Cements is a sell call. Here’s his view on Nifty,…
The US Federal Reserve is expected to cut interest rates on Wednesday as policymakers grapple with gaps in economic data caused by the recent govt shutdown and work through competing views about the risks facing the economy. The anticipated quarter percentage point cut may come with a non-committal approach to next year’s rate path given…
Nestle India plans to sharpen its focus on leveraging technology to accelerate its business, invest in legacy brands, and drive volume-led expansion. Outlining the company’s priorities in his first interview since taking charge in Aug, Manish Tiwary, the CMD and the first external hire globally to step into the Swiss packaged food maker’s corner office…
Supply Chain Automation, Robotics Won’t Lead To Fall In Employment: Sr V-P Madan NEW DELHI: Amazon may not have been the quickest of the block in rolling out 10-minute delivery in India, but it is taking the model to serve its customers in other parts of the world.“We have launched Amazon Now in UAE, Egypt…
BENGALURU: TCS signed a definitive agreement to acquire US-based Salesforce consulting firm Coastal Cloud in an all-cash deal valued at $700 million. Founded in 2012, Coastal Cloud brings AI-led advisory and business consulting capabilities to help clients reimagine sales, service, marketing, revenue, and commerce. With the acquisitions of ListEngage and now Coastal Cloud, TCS said…
India’s economic growth forecast for this year has been boosted to 7.2% by the Asian Development Bank, a significant upgrade from its previous projection. This upward revision is attributed to a stronger third-quarter performance, with tax cuts playing a key role in stimulating consumer spending. The ADB also anticipates a robust regional economic expansion. NEW…
The head of the International Monetary Fund is urging China to confront its economic imbalances, cautioning that an economy of its size can no longer rely on exports as its main growth engine.Although China’s shipments to the US have weakened amid steep tariffs introduced under President Donald Trump, its overall exports to global markets have…
India’s mutual fund assets under management (AUM) are projected to exceed Rs 300 lakh crore by 2035, while direct equity holdings are expected to reach Rs 250 lakh crore, signaling a major shift in the country’s investment landscape, according to the How India Invests 2025 report by Bain & Company in partnership with Groww.Mutual fund…
