Business

The Reserve Bank’s rate-setting panel began its two-day deliberations on Wednesday, with markets closely watching whether borrowing costs could fall further amid supportive macro conditions and improving sentiment.The six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, started discussions on the next set of bi-monthly interest rates against the backdrop of a growth-focused…

Benchmark indices ended the day with modest gains, supported by stock-specific buying in select large-cap counters despite a largely sideways trading session. The Sensex closed at 83,817.69, up 78.55 points, while the Nifty50 settled at 25,776.00, gaining 48.45 points and remaining above the 25,750 mark.Trent and Eternal were among the top performers, rising around 5…

Gold futures traded higher on Wednesday as firm buying interest and strong investor participation lifted prices across multiple contracts on the Multi Commodity Exchange (MCX).As of 15:09 PM, MCX gold futures showed gains across expiries. The April 2, 2026 contract traded at Rs 1,59,000 per 10 grams, up Rs 5,191 or 3.37 per cent. The…

MUMBAI: Bajaj Finserv reported consolidated profit after tax of Rs 2,229 crore for the December quarter, flat compared with Rs 2,231 crore a year earlier, as higher provisions and one-time charges offset underlying growth across its businesses. Excluding these exceptional items, consolidated profit after tax rose 32% year-on-year to Rs 2,936 crore .Bajaj Finance, the…

India can save almost $3 billion just by stepping up its crude import game! A recent report by SBI stated that by replacing a portion of Russian supplies with Venezuelan heavy crude and updating its import strategy, India can get several cost advantages. The assessment notes that New Delhi could lock in notable savings by…

MUMBAI: Two social media posts on Monday night—one by US President Donald Trump and the other by Prime Minister Modi—left Indian investors richer by a massive Rs 12 lakh crore a day later. The spurt in investors’ wealth—the fifth biggest single-day gain in history—came on the back of a stock market rally that pushed sensex…

NEW DELHI/MUMBAI: India’s steel, aluminium, and copper sectors will continue to face steep US tariffs, as these strategic metals remain subject to US’ Sec 232 provisions tied to national security. While the reciprocal tariff on Indian goods has been reduced from 25% to 18%, tariffs on steel, aluminium, and copper remain at 50%, offering no…

NEW DELHI: Union commerce and industry minister Piyush Goyal on Wednesday defended the India-US bilateral trade agreement in the Lok Sabha, saying India had “successfully safeguarded” its sensitive sectors, particularly agriculture and dairy, after nearly a year of negotiations between the two sides. “As the Members of the House are aware, since Prime Minister Narendra…

India’s services sector recorded a strong start to 2025 as the activity climbed to a two-month high in January, thanks to improving demand and firms expanded capacity. The seasonally adjusted HSBC India Services PMI Business Activity Index climbed to 58.5 in January, up from 58.0 in December, reflecting faster growth in output and new business….

MUMBAI: Reports of an agreement between India and US on a trade deal sparked a sharp rally in the rupee and govt bonds on Tuesday, lifting market sentiment despite the lack of detailed disclosures.The rupee jumped 124 paise to 90.27 against the dollar, its strongest single-day gain in seven years and the best since late…