BENGALURU/MUMBAI: Startup Meesho’s two founders together turned billionaires on Wednesday as the stock jumped over 50% on listing on the bourses following its strong IPO that closed on Dec 5. The strong listing gains also brought in riches for all of Meesho’s early backers with their holdings now worth nearly $6 billion.In addition, the founders…
Amazon is injecting a massive $35 billion into India by 2030, building on its existing investments. This significant commitment aims to fuel AI-driven digitization, boost exports to $80 billion, and create 3.8 million jobs. The tech giant plans to extend AI benefits to 15 million small businesses, accelerating India’s digital transformation and global reach. NEW…
Most experts believe that a rate cut by the US Federal Reserve is a positive signal for the Indian markets. (AI image) The US Federal Reserve cut the benchmark rate by 25 basis points in the latest monetary policy review. A split US Federal Reserve announced its third successive interest rate cut of the year,…
NEW DELHI: Vishwa Hindu Parishad (VHP) on Wednesday condemned attempts to “pressure the judiciary” and raised concerns over the religious minority status and the spread of jihadist ideology, as its two-day Kendriya Margdarshak Mandal (KMM) meeting concluded here. Reference was also made to jihad as an ideological challenge beyond law and order.Amid growing political pushback…
The Federal Reserve logo is visible on the William McChesney Martin Jr. Building on December 9, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images The Federal Reserve still sees just one rate cut in 2026, unchanged from its last forecast about three months ago. The central bank’s so-called dot plot, which…
MUMBAI: Tata Steel will acquire just over 50% stake in Thriveni Pellets for Rs 636 crore as part of its expansion strategy. Thriveni Pellets operates a 4-million-ton pellet plant in Jajpur, Odisha, and a 212km slurry pipeline. The remaining 49.99% stake is held by BSE-listed Lloyds Metals & Energy. Iron ore pellets are a key…
Top stocks to buy or sell (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: Cholamandalam Investment and Fin Co, and ICICI Prudential Life Insurance. Ambuja Cements is a sell call. Here’s his view on Nifty,…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin held its footing as Hong Kong began its business day, trading…
The US Federal Reserve is expected to cut interest rates on Wednesday as policymakers grapple with gaps in economic data caused by the recent govt shutdown and work through competing views about the risks facing the economy. The anticipated quarter percentage point cut may come with a non-committal approach to next year’s rate path given…
The Supreme Court questioned Delhi Police on invoking stringent UAPA provisions against riot accused for speeches, seeking justification for linking terror acts to their words. Justices sought clarity on how Section 15, pertaining to terrorist acts, applies when arms weren’t directly used by the accused, who have been jailed for over five years. NEW DELHI:…
