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MUMBAI: As the Dalal Street tradition goes, Indian investors only buy stocks during the Muhurat session on Diwali day. As a result, leading indices typically close with gains in the special trading session, even if it’s marginal.Tuesday’s hour-long Muhurat session that marked the start of Samvat year 2082, was no different. After opening a little…
MUMBAI: Global aerospace giants are boosting their sourcing from India, accelerating growth in the country’s emerging aircraft component sector. Local companies are expanding capacities, moving beyond basic manufacturing to higher-value work, and scouting for acquisitions, with revenue numbers soaring due to robust orders.The sector is also gearing up to launch about Rs 5,700 crore of…
Tata Motors Passenger Vehicles Ltd achieved a significant milestone this festive season, delivering more than 1 lakh vehicles between Navratri and Diwali, marking a 33 per cent year-on-year growth, the company said.The deliveries were led by SUVs, with the Nexon topping the charts at 38,000 units — a 73 per cent rise compared to the…
File photo: Canadian Prime Minister Mark Carney (Picture credit: AP) Canada’s annual inflation rate climbed to 2.4 per cent in September, slightly above analysts’ expectations, driven by rising grocery prices and moderated declines in gasoline costs, official data showed Tuesday.According to Statistics Canada, food prices rose 3.8 per cent year-on-year, marking the largest increase since…
File photo (Picture credit: AP) Wall Street opened on a mixed note on Tuesday as investors assessed a wave of strong corporate earnings amid concerns about stretched valuations. The Dow Jones Industrial Average rose 0.1 per cent to 46,757.20, while the S&P 500 slipped 0.1 per cent to 6,731.14 and the Nasdaq Composite declined 0.3…
Denmark’s Novo Nordisk, the pharmaceutical giant behind blockbuster drugs Ozempic and Wegovy, is set for a major boardroom shake-up amid internal disagreements and growing competitive pressure in the weight-loss drug market. The company on Tuesday announced that it will replace more than half of its 12-member board, including its chair, following a dispute with its…
File photo (Picture credit: AP) The 40 per cent trans-shipment tariff recently announced by the United States is expected to create significant compliance challenges for companies in India and the ASEAN region, particularly in sectors such as machinery, electrical equipment and semiconductors, Moody’s Ratings said on Tuesday.In July, US President Donald Trump imposed the tariff…
File photo: NSE CEO Ashish Chauhan (Picture credit: ANI) Indian markets began the new Hindu calendar year, Samvat 2082, on a cautiously positive note, with the Nifty closing around 25,900 in the one-hour Muhurat trading session on Tuesday. The Sensex ended at 84,426.34, up 62.97 points or 0.07 per cent, while the BSE Midcap and…
As Diwali festivities continue, shoppers are turning to quick-commerce platforms for last-minute festive essentials, driving a surge in orders even as broader ecommerce remained muted in the past week. Ultra-fast delivery services are attracting buyers seeking gifts, sweets, lights, diyas, and puja items in the final festive week.Ecommerce consultancy Datum Intelligence said that almost 70%…
India’s retail sector witnessed its highest-ever festive season sales this year, with Diwali trade reaching an unprecedented Rs 5.40 lakh crore in goods and Rs 65,000 crore in services, as per a nationwide survey by the Confederation of All India Traders (CAIT). The figures reflect a 25 per cent rise from 2024’s Rs 4.25 lakh…
