MUMBAI: Stocks reversed two consecutive sessions of strong sell-offs on Tuesday after traders interpreted statements made by US President Donald Trump early in the day as an indication that the war in West Asia may end soon, slowly bringing back supply chains in the region to normalcy. As a result, sensex rallied 640 points or…
NEW DELHI: The conflict in West Asia, along with disruption in supply chains and higher oil prices may result in India’s growth being hit by 15-40 basis points (bps) next financial year (2026-27), with inflation too expected to accelerate if the tension persists for a few more weeks, economists said.Rajani Sinha, chief economist, CARE Ratings…
MUMBAI: Rating agency Moody’s Ratings and its Indian affiliate Icra said the West Asia conflict should have limited near-term impact on India’s banking system, though a prolonged oil spike could dent growth and lift inflation.Moody’s baseline view sees banking outlook stable and real GDP growth at 6.4% in FY27; credit/deposit growth broadly aligned, loan growth…
Celebrating the spirit of International Women’s Day, Times Entertainment’s Power Creator Awards — Women’s Edition ceremony took place in Mumbai on Monday, March 9, to honour exceptional women shaping India’s digital universe.The event kicked off with a panel discussion on the ‘She-Economy’ featuring actor Sayani Gupta, long-jump legend Anju Bobby George, poet Priya Malik and…
NEW DELHI: Govt on Tuesday sought Parliamentary approval for additional spend of over Rs 2.8 lakh crore, of which the cash outgo will be a little more than Rs 2 lakh crore, with a bulk of it going towards meeting the gold sovereign bond liability and meeting the higher food and fertiliser subsidy bill.The biggest…
MUMBAI: The rupee rebounded Tuesday, closing at 91.81 against the dollar, up 54 paise from Monday as oil cooled and equities rebounded amid President Trump’s assurances of West Asia risk being short-lived. Brent crude plunged to below $90.8 a barrel after briefly nearing $120 a day earlier, easing pressure on India’s import bill and lifting…
Mumbai: Resilient investors continued putting money in the stock and debt markets through Feb despite market volatility. Combined with some mark-to-market gains, the total assets under management (AUM) of the mutual fund (MF) industry hit a new all-time high at over Rs 82 lakh crore. During the month, gross flows through systematic investment plans (SIPs),…
Prediction market platform Polymarket has teamed up with Palantir and TWG AI to build a monitoring system designed to detect suspicious trading and manipulation in sports prediction markets, a move that reflects growing pressure on the fast-growing sector to establish credibility. The new system will use Palantir’s data infrastructure and TWG AI’s analytics to monitor…
NEW DELHI: The governing NDA on Tuesday came down heavily on Rahul Gandhi over the no-confidence motion against Speaker Om Birla, with parliamentary affairs minister Kiren Rijiju saying the leader of the opposition was attacking democratic institutions because of the realisation that there is no way he could lead his party to win an election.Rijiju…
NEW DELHI: Commerce and industry minister Piyush Goyal on Tuesday said govt is looking to extend support to exporters on the insurance front to help them deal with the ongoing West Asia crisis.He said that an inter-ministerial group is keeping tabs on developments on a daily basis and is interacting with exporters.The Customs department has…
