In the last year, steel-stock gains have been between 20% and 40%, while the Nifty has gained 9-10%, marking a clear out performance. The strong performance is even more pronounced against a highly-volatile global back-drop, given the trade disruptions, geo-political disturbances and slowing growth. Everyone knows that Chinese production and exports are the biggest variable…
Negotiations for the India-EU Free Trade Agreement have concluded and the deal will be announced on Tuesday, Commerce Secretary Rajesh Agrawal said on Monday. Expanding on the details of the pact he highlighted that the deal will be balanced, forward looking and help with better economic integration with the EU. The FTA is also expected to propel trade…
Strategy (MSTR) continued its weekly bitcoin BTC$87,961.46 purchases last week, although at a reduced level from the $1 billion-plus acquisitons of the previous two weeks. Led by Executive Chairman Michael Saylor, MSTR added 2,932 bitcoin for $264.1 million, or an average price of $90,061 each. The company’s holdings now stand at 712,647 bitcoin acquired for…
Banking operations at public sector banks across the country are likely to be disrupted on Tuesday as bank unions go ahead with a nationwide strike to press for the immediate implementation of a five-day work week.The strike, called by the United Forum of Bank Unions (UFBU)—an umbrella body of nine unions representing bank officers and…
NEW DELHI: Chinese President Xi Jinping on Monday extended greetings to President Droupadi Murmu on the occasion of India’s 77th Republic Day, describing New Delhi and Beijing as “good neighbours, friends and partners.” He also said that achieving the vision of the “dragon and the elephant dancing together” is the right choice for both countries.In…
Check out the companies making the biggest moves before the bell: USA Rare Earth — Shares rose more than 21% after the Trump administration took a stake in the rare earths miner. The company will issue 16.1 million shares of common stock and 17.6 million in warrants. Allied Gold — The gold miner climbed more…
The dollar extended its selloff on Monday as speculation swirled that the US could coordinate intervention with Japanese authorities to support the yen. Gold topped $5,000 an ounce. The greenback fell for a third day, losing ground against all major peers to hit the lowest since September. The yen rallied to its highest level in…
With global banks, broker-dealers and capital markets players weighing India as an offshore financial base, Deloitte has urged the government to use Budget 2026 to have parity rulesa among players, remove tax asymmetries and compliance frictions that are limiting the scale-up of IFSC GIFT City as a full-service international BFSI hub.According to Deloitte, the International…
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin is struggling to hold ground as concerns over the strength of the yen and fiscal instability drove a divergence between crypto and traditional safe-haven assets. Bitcoin fell 0.8% in 24 hours to sit below $88,000, and ether lost more than 1.6% to just under $2,900….
India celebrated its 77th Republic Day on Monday, with nationwide events marking the adoption of the Constitution and highlighting the country’s cultural and military heritage. Abu Dhabi has reportedly scrapped its airport management deal with Pakistan, days after UAE President Sheikh Mohamed bin Zayed Al Nahyan visited India. Bangladesh court has sentenced three cops to…
