India’s foreign exchange reserves rose by $3.293 billion to $696.61 billion in the week ended December 26, data released by the Reserve Bank of India showed on Friday, PTI reported.The overall reserves had increased by $4.368 billion to $693.318 billion in the previous reporting week, indicating a continued strengthening of the country’s external buffer.According to…
ITC shares slid to a three-year low of Rs 345.35 on Friday, extending a sharp two-day selloff that has erased about 14% of the stock’s value after the finance ministry announced a steep increase in cigarette taxes, triggering widespread analyst downgrades and renewed concerns over volumes and profitability.The Nifty heavyweight fell another 5% on Friday,…
Since the start of the Ukraine conflict in 2022, India has been the largest buyer of discounted Russian seaborne oil. (AI image) India is looking to seal a trade deal with the US and is monitoring weekly data on crude oil purchases from Russia and America, according to a Reuters report. Oil refiners have been…
New supply of office space declined sharply in key property markets such as Delhi-NCR and Mumbai last year, even as demand for prime workspaces remained strong across India’s major cities, according to real estate consultant Colliers, PTI reported.Delhi-NCR saw a 15 per cent fall in new office supply in 2025, while Mumbai recorded a steeper…
(Photo credit – Aequitas) Siddhartha Bhaiya, founder and managing director of Aequitas Investment Advisors and one of Dalal Street’s most closely followed stock pickers, passed away on December 31, 2025, following a sudden cardiac arrest while on a family vacation in New Zealand. He was 47, ET reported.“It is with profound sadness that we share…
The rupee slipped again below the psychologically important 90 level and settled 22 paise lower at 90.20 (provisional) against the US dollar on Friday, weighed down by disappointing domestic macroeconomic data and a stronger greenback in overseas markets, PTI reported.At the interbank foreign exchange, the rupee opened at 89.95 and moved between an intra-day low…
The government’s surprise hike in cigarette excise duties has rattled the investment case for ITC, prompting a wave of brokerage downgrades, earnings cuts and valuation resets as analysts brace for pressure on volumes, margins and long-term profitability.ITC shares tumbled to a three-year low of Rs 345.35 on Friday, extending a two-day rout that has wiped…
The year 2025 was a watershed year for the country’s primary markets. Companies from different industries lined up to list on the stock exchanges, thus raising a record Rs. 1.75 lakh crore through mainboard public issues, along with another Rs. 11,429 crore through SMEs.Although as the year ended, a different picture came up. Nearly half…
As many as 66 flights were cancelled at the Delhi airport on Friday due to fog and low visibility conditions, PTI reported citing sources.Several airlines cancelled flights to and from the national capital as reduced visibility disrupted operations. Of the total cancellations, 32 were arrival flights while 34 were departures, the source said.The aviation regulator…
London’s benchmark FTSE 100 index crossed the 10,000-point mark for the first time on Friday, scaling a fresh all-time high on the opening trading day of 2026, extending the strong momentum built over the past year.In early deals, the UK’s top-tier index — home to heavyweights such as BP, Vodafone and HSBC — rose 1.0…