Latest News, Updates & Breaking Headlines
BENGALURU/MUMBAI: Startup Meesho’s two founders together turned billionaires on Wednesday as the stock jumped over 50% on listing on the bourses following its strong IPO that closed on Dec 5. The strong listing gains also brought in riches for all of Meesho’s early backers with their holdings now worth nearly $6 billion.In addition, the founders…
Asian markets traded higher on Thursday after the US Federal Reserve delivered its third consecutive interest rate cut, although gains were capped as policymakers hinted they could slow the pace of future reductions.The latest quarter-point cut, bringing borrowing costs to their lowest level in three years, had already been widely expected. Investors, however, drew comfort…
Uber is expanding into B2B logistics in India with Uber Direct, leveraging its bike fleet on the ONDC platform. This new service aims to generate revenue beyond rides and couriers by fulfilling grocery and food orders for partners like Zepto and KFC. Uber acts as a silent logistics provider, with customers unaware of their involvement….
US President Donald Trump on Wednesday (local time) launched the “Trump Gold Card,” offering legal status and an eventual pathway to United States citizenship for individuals and corporations willing to make large financial contributions.Announcing the rollout on Truth Social, Trump wrote, “The United States Government’s Trump Gold Card is here today! A direct path to…
Market watchers anticipate that trading will be influenced by global factors, particularly the US Federal Reserve’s monetary policy decisions. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Thursday. While Nifty50 was near 25,750, BSE Sensex was close to 84,350. At 9:18 AM, Nifty50 was…
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…
