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Investors were bracing for turbulence on Wall Street as the US government shutdown delayed key economic reports. Yet, defying expectations, the stock market surged on Friday, with both the S&P 500 and the Dow Jones Industrial Average hitting record highs.The rally isn’t just driven by Big Tech. Though companies like Nvidia, riding the AI boom,…
The ministry of textiles has launched the ‘Swadeshi Campaign’ to boost domestic demand for handloom, handicrafts, and textile products across India. The initiative, which will run for six to nine months, aims to reposition Indian textiles as symbols of pride, style, and heritage, particularly among urban youth and Gen Z consumers. According to the government…
RBI Governor Sanjay Malhotra on Friday said gold prices may now be acting as a fresh barometer of global uncertainty, similar to how crude oil once reflected geopolitical risks, even as he cautioned of a potential correction in global equity markets.Speaking at the Kautilya Economic Conclave 2025, Malhotra noted that despite widespread fiscal stress, oil…
US stocks continued to climb on Friday, as Wall Street edged toward the finish of another record-setting week, buoyed by optimism around artificial intelligence and hopes of easier interest rates despite a partial government shutdown.The S&P 500 rose 0.2% and is on track for its seventh winning week in nine, while the Dow Jones Industrial…
India’s economy is showing strong signs of growth, with opportunities for investment and development expanding across the country, 15th Finance Commission chairman NK Singh said on Friday.He noted that India’s saturated domestic market presents vast opportunities for private investment, public-private partnerships, foreign private capital, and mobilising internal resources.Speaking at the 4th ‘Kautilya Economic Conclave 2025’…
India’s market for pre-owned luxury goods is seeing unprecedented growth, with both online and offline retailers reporting rising sales of classic luxury items this year.Arjun Singh Hira, founder of chronoseconds.com, a platform for pre-owned luxury watches, recorded his largest single sale last month when a billionaire from a tier-II city purchased watches worth Rs 1.6…
Analysts anticipate continued positive movement on Friday, driven by supportive monetary policies, good monsoon predictions and increased festive season demand. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday. While Nifty50 was below 24,800, BSE Sensex was down over 170 points. At 9:17 AM, Nifty50…
Tata Motors has reclaimed the second spot in India’s passenger vehicle market, overtaking Hyundai Motor India and Mahindra & Mahindra in September, thanks to a strong performance in both SUVs and electric vehicles (EVs). The company has also widened its lead over the JSW MG Motor in the EV segment.According to government data from the…
India’s oil market is seeing a mixed approach as state-owned and private refiners take contrasting strategies on Russian crude.State-run companies have cut back sharply while private refiners continue to take in supplies. In September, they imported an average of 605,000 barrels per day (bpd), 32% below their April–August average, 22% lower than August, and 45%…
Asian stocks jumped on Thursday, lifted by US job data reports that hinted at possible interest rate cuts, even as parts of the US government partially shut down.Japan’s Nikkei was up 359 points or 0.8%, trading at 44,910. Kospi gained 3% to each 3,562 while HSI surged 390 points reaching 27,245, at 10:00 AM IST….
