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Asian shares were mostly flat on Tuesday as investors stayed cautious ahead of a possible US government shutdown.HSI slipped 0.11% or 29 points reaching 26,593. South Korea’s Kospi also shed 0.06% or 1 point, trading at 3,429 at 10:45 AM IST.Meanwhile, Japan’s Nikkei gained 0.01% or 5 points to 45,049. Shanghai and Shenzhen also traded…
MUMBAI: Gold and silver prices continued to record new all-time highs in the domestic market on Monday. It was backed by rallies in international prices on the likelihood of a US govt shutdown, trade-related jitters, and the continuing weakness of the rupee against major currencies.In the local spot market silver hovered around the Rs 1.5…
NEW DELHI: Moody’s Ratings on Monday affirmed India’s sovereign rating at Baa3 and maintained the outlook as stable, citing a fast-growing economy, sound external position, and a stable domestic financing base for ongoing fiscal deficits.The ratings agency said India was and will remain the fastest-growing G20 economy through at least the next two to three…
NEW DELHI: Industrial output growth moderated in Aug, led by manufacturing, which eased during the month after a robust outcome in July. Meanwhile, mining rebounded after four months, and the electricity sector rose to a five-month high.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production (IIP) rose an…
As the potential shutdown looms over the US government, President Donald Trump’s administration on Monday outlined which services would be put on hold.This shutdown, if it takes place, will be unlike the previous ones. The White House has indicated it could use the crisis to carry out mass layoffs and scale back the size of…
MUMBAI: RBI has set about easing lending norms while tightening its financial oversight. Its latest rules promise cheaper and more flexible loans for borrowers, wider access to credit against gold, and easier capital-raising avenues for banks.Draft proposals, meanwhile, would extend repayment terms, sharpen exposure limits and quicken credit reporting to bureaus to weekly from monthly…
Govt has appointed Shirish Chandra Murmu, executive director at RBI, as deputy governor of the central bank for a three-year term starting Oct 9, 2025.He will succeed M Rajeshwar Rao, who is retiring. The appointment was cleared by the appointments committee of the Cabinet. In his new role, Murmu will oversee key areas such as…
Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, the top stocks to buy today are Apl Apollo Tubes Ltd, and Hindustan Zinc:Apl Apollo Tubes Ltd – Buy in the range between Rs 1695 & Rs 1710; Stoploss: Rs 1650; Target:…
MUMBAI: Markets regulator Sebi on Monday barred Man Industries and two of its current and one former top executives from accessing the securities markets for two years over alleged fund diversion, misrepresentation of financial statements and delayed disclosures to the exchanges.The company, its chairman Ramesh Mansukhani, its MD Nikhil Mansukhani, and Ashok Gupta, a former…
Moody’s Ratings on Monday changed Tata Motors’ outlook to negative from positive following a cyber attack on its British arm Jaguar Land Rover, which has led to a complete production halt.The rating agency affirmed the Mumbai-based auto major’s Ba1 corporate family rating (CFR). “The outlook change to negative from positive reflects our view that a…
