Gold futures saw a slight uptick on Friday morning, after a choppy week of trading. On the MCX, gold for the February 5 contract was quoted at Rs 1,37,805 per 10 grams, up Rs 63 or 0.05%. However, the broader tone for gold remained weak, as a stronger US dollar and ongoing adjustments in commodity…
Bharat Coking Coal Ltd’s initial public offering (IPO) saw strong demand from investors from the moment bidding opened on Friday, with the issue getting fully subscribed within minutes. According to NSE data till 11:15 am, bids were received for 84,15,46,800 shares, far exceeding the 34,69,46,500 shares on offer, resulting in an overall subscription of 2.43…
The steady exit of overseas funds has intensified the weakness in benchmark indices. (AI image) Stock market crash: Equity benchmark indices, Nifty50 and BSE Sensex, have plunged by over 2% in the last few trading sessions, with both indices seeing the fifth consecutive day of crash on Friday. Concerns over global trade tensions and political…
Reliance Industries Ltd has said it may return to buying Venezuelan crude oil, provided sales are permitted to companies outside the United States. The conglomerate, which operates world’s largest refining complex, said that it is waiting for regulatory clarity before taking a decision.“We await clarity on access for Venezuelan oil by non-US buyers and will…
Dinesh Kanabar, Chairman & CEO, Dhruva Advisors The Income-tax Act, 2025, which is slated to come into force from 1 April 2026, is the product of an extensive consultative exercise, involving a Parliamentary Committee, wide-ranging stakeholder representations, and detailed deliberations before its eventual enactment. Against this backdrop, it would ordinarily be expected that the forthcoming…
Stock market traded in red on Friday, as NSE benchmark Nifty50 remained below 26,000 levels and BSE Sensex tanked over 400 points. Nifty50 trimmed 130 points or 0.50% to reach 25,746. BSE benchmark Sensex also dipped 433 points to 83,747 at 12:11 pm. Benchmark indices opened lower amid concerns over the US threat of imposing…
The rupee opened lower on Friday, slipping seven paise to 89.97 against the US dollar amid continued foreign investor selling and a rise in global crude oil prices. Furthermore, US tariffs and muted domestic equity market sentiment drove foreign institutional investors to sell, placing additional pressure on the local currency. The rupee had opened at…
For a “Viksit Bharat” to endure, national success must be measured by the financial resilience of Indian families. (AI image) By Sumit Madan The Union Budget 2026 arrives at a defining juncture of India’s ascent, where progress must be measured not merely by the velocity of our growth, but by the resilience of the nation’s…
US commerce secretary Howard Lutnick made a big statement over why the India-US trade deal is not sealed yet, claiming that it was due to PM Modi not calling Trump.Speaking at the All-In Podcast, hosted by Chamath Palihapitiya, Lutnick said, “Let’s be clear, it’s his deal. He’s the closer. He does the deal. So I…
Prada’s new perfume (Image/Instagram) Italian fashion giant Prada is back in the spotlight, this time with a playful twist on one of India’s most cherished rituals. After its Kolhapuri chappal controversy last year, the brand has launched ‘Infusion de Santal Chai Eau de Parfum’, a unisex “chai”-inspired fragrance with cardamom fusion.The perfume is part of…
