Leading paint companies are turning cautiously optimistic about the December quarter, expecting a recovery in volumes and margins after a rain-disrupted first half, even as competition in the sector remains intense.Executives from Asian Paints, Kansai Nerolac, Berger Paints and AkzoNobel India said recent trends point to a demand revival from September, with benign raw material…
US President Donald Trump has framed his sweeping tariff policy as essential for protecting American workers and manufacturing, promoting it as a cornerstone of his “America First” agenda.Since returning to office this year, the Trump administration has overseen a historic surge in tariff collections. According to Fox Business, total duty revenue reached $215.2 billion in…
SoftBank-backed digital commerce ecosystem AceVector Ltd has filed updated draft red herring prospectus (UDRHP) with markets regulator Sebi for its proposed initial public offering, which includes a fresh issue of shares worth Rs 300 crore, according to PTI.The IPO will also feature an offer for sale (OFS) of 6.38 crore shares by existing shareholders. Promoter…
Gold prices are expected to remain on a positive footing in the coming week as investors await cues from the US Federal Reserve’s monetary policy decision, with a weaker rupee adding to support in the domestic market, analysts said, PTI reported. The bias for the yellow metal remains constructive amid expectations of an interest rate…
AI generated representative image In the early 2000s, American factory towns began to empty out. In North Carolina, furniture makers who had worked three generations watched their mills close. Across the industrial centres– from Jakarta to Ohio, a quiet devastation spread—not from war or natural disaster, but from an economic force few had anticipated.In the…
State Bank of India’s mortgage loan book crossed the Rs 9 lakh crore mark in November, with strong traction in retail, agriculture and MSME (RAM) segments expected to drive overall credit growth to 14 per cent in the current financial year, Chairman C S Setty told PTI.The RAM portfolio, which accounts for about 67 per…
Despite the relaxation of Flight Duty Time Limitations (FDTL) rules, chaos continued across major Indian airports on Sunday. Passengers angry, exhausted and desperate were seen shouting, sobbing and climbing service counters. IndiGo said it managed to operate 1,650 flights out of its 2,300 daily domestic and international services, while 650 flights were cancelled as the…
Wakefit Innovations Ltd has raised Rs 186 crore ahead of its initial public offering, with Steadview Capital, WhiteOak Capital and Temasek-backed Capital 2B collectively buying shares through secondary transactions before the public issue opens.As disclosed in a public announcement, Steadview Capital Mauritius, WhiteOak Capital and Capital 2B acquired a combined 95.57 lakh equity shares at…
Foreign investors started December on a sharply negative note, pulling out Rs 11,820 crore from the Indian equities in the first week. This offloading by the foreign portfolio investors was majorly driven by the steep decline of the rupee. This comes after the FPIs had briefly returned to buying in October, bringing in Rs 14,610…
Last week, half of the ten most valued companies managed to expand their market capitalisation. Together, five firms added Rs 72,284.74 crore in value, with Tata Consultancy Services (TCS) and Infosys accounting for the bulk of the gains. Over the same period, the BSE benchmark closed with a narrow rise of just 5.7 points, while…
