Business

MUMBAI: IDBI Bank has once again dragged Zee Entertainment Enterprises to the insolvency court. It has filed a fresh application before the Mumbai bench of the company law tribunal to initiate insolvency proceedings against Zee for a default of Rs 225 crore. Zee has disputed the bank’s claim, terming it meritless and an abuse of…

NEW DELHI: Mercedes-Benz has indicated to govt that it wants to export ‘Made in India’ cars to markets across the world for which it is looking to expand production at its factory outside Pune, road transport and highways minister Nitin Gadkari said on Wednesday.Gadkari said the chairman of Mercedes had told him that India’s production…

MCX Gold continues to maintain its bullish structure, forming a series of higher highs and higher lows on the daily chart. (AI image) Gold and silver price prediction today: Gold and silver remain poised for more upward momentum, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on…

File photo: South Korean President Lee Jae Myung (Picture credit: AP) South Korean President Lee Jae Myung on Thursday warned that a large-scale US immigration raid at a Hyundai-LG battery plant under construction could have serious repercussions on future South Korean investments in America.The operation in Georgia, which saw hundreds of South Korean workers chained…

Top stocks to buy (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: Apl Apollo Tubes Ltd, Tata Motors, and Bharat Forge Ltd. Here’s his view on Nifty, Bank Nifty and the top stock picks for…

NEW DELHI: While the recent social media exchanges between PM Modi and President Donald Trump are being seen as signs of a possible recovery in India-US ties, Indian govt believes not enough attention has been paid to the “positive steps” in the relationship since Trump took charge.These measures, according to govt sources, have led to…

Shares of Swedish buy-now-pay-later company Klarna surged 30% in their much-anticipated public debut on the New York Stock Exchange, opening at $52 compared to the IPO price of $40 set late Tuesday.More than 34 million shares worth about $1.37 billion were sold, making it the largest IPO this year, according to Renaissance Capital. It took…

Markets regulator Sebi on Wednesday announced that foreign portfolio investors (FPIs) investing solely in government securities under the fully accessible route will no longer be required to provide investor group details.In a circular, Sebi said these investors will also be exempted from certain disclosure and reporting requirements applicable to regular FPIs. The changes are intended…

A US Senate committee on Wednesday advanced the nomination of President Donald Trump’s choice for the Federal Reserve board, Stephen Miran, despite concerns that he may not resign from the White House even if confirmed.Miran, who chairs the White House Council of Economic Advisers (CEA), cleared the Senate Banking Committee by a narrow 13-11 vote,…

Oracle shares surged about 35% on Wednesday after the company highlighted a surge in demand for its cloud services from AI firms, signalling a deeper push into the infrastructure supporting artificial intelligence systems. The growth in Oracle’s cloud business reflects a broader industry trend, with companies such as OpenAI and xAI ramping up spending on…