Gaurav Bansal

[ad_1] Boeing shares dropped sharply, slumping to 2.8% in premarket trading, after China ordered its airlines to stop taking deliveries of the American aerospace giant’s jets.This fresh blow pushed the company to $154.86 as trade tensions between Washington and Beijing intensified.According to a Bloomberg report, Chinese carriers were instructed not to accept any more Boeing aircraft and avoid purchasing aviation equipment from US suppliers.The announcement came after US President Donald Trump’s decision to slap a massive 145% tariff on Chinese imports. Meanwhile, the Asian giant also retaliated over the weekend with its own tariffs of up to 125% on American goods, including aircraft and parts.Early European trading saw Boeing’s stock slipping while its European rival Airbus rose 1.1%, Barron’s reported.The Chinese government is reportedly looking into ways to support airlines that lease Boeing planes, which are now facing significantly higher […]

[ad_1] MUMBAI: Is there a connection between Divinion Advisory Services, a wealth management firm owned by Suprakash Mukhopadhyay's family, and the Tata Group? Mukhopadhyay serves as company secretary of Tata Sons and works closely with chairman N Chandrasekaran.Tata Pension Management initially listed Divinion as one of 471 Tata Group companies when it began operations in August 2022. However, subsequent disclosures in 2023 and 2024 only mentioned Mukhopadhyay's role as company secretary, Mint reported.Mukhopadhyay is a director of Tata Asset Management, which sponsors Tata Pension. He is also a director of Tata Investment, which along with Tata Sons, are sponsors of Tata Asset Management. He retired from Tata Sons in November 2024 at age 60, following company policy, but continues on extension. Tata Investment's FY24 report revealed a Rs 10 lakh CSR contribution to Divinion Foundation Trust, where Mukhopadhyay’s family members […]

[ad_1] NEW DELHI: Retail inflation slowed to a more than 5-year low in March on the back of sharply moderating food prices, paving the way for the Reserve Bank of India (RBI) to cut interest rates in the months ahead to support growth against the backdrop of global uncertainty.Data released by the National Statistical Office (NSO) on Tuesday showed retail inflation, as measured by the consumer price index (CPI), rose an annual 3.3% in March, slower than the previous month's 3.6% and below the 4.9% in March last year. The food price index slowed to 2.7% in March, lower than the 3.8% in Feb and below the 8.5% in March last year. Rural inflation was at 3.3% in Feb while urban was at 3.4%.The data showed that there is a decline of 27 basis points in headline inflation of March […]

[ad_1] Nvidia Corp, the dominant player in chips for AI models, plans to produce as much as half a trillion dollars' worth of AI infrastructure in the US over the next four years through manufacturing partnerships.Production of Nvidia's latest generation AI chip, known as Blackwell, has begun at Taiwan Semiconductor Manufacturing Co's new plant in Phoenix, the company said.. Nvidia also said the effort would mark the first time that AI supercomputers are produced in the US, a development that President Trump touted on Monday. He said Nvidia made the decision because of tariffs. "It's one of the biggest announcements you'll ever hear - because Nvidia, as you know, controls that almost the entire sector." [ad_2] Source link

[ad_1] Top stocks to buy or sell today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Saregama and Jio Financial Services are the top stocks to buy today, while Power Grid is a sell call:SAREGAMA LTD: BUY in ₹533–527 Range | Stop Loss: ₹498 | Target: ₹590SAREGAMA has been sustaining and consolidating above its 200 DEMA for the past few weeks, indicating strength in the ongoing trend.The stock has now given a clear breakout from its consolidation range, forming a classic inverse head and shoulder pattern, which typically signals a bullish reversal.Additionally, there is a breakout from the falling trendline, further reinforcing bullish momentum.Traders are advised to buy SAREGAMA in the ₹533–527 range, with a stop-loss at ₹498, aiming for an upside target of ₹590 in the coming weeksJIOFIN: […]

[ad_1] NEW DELHI: State-owned Ireda on Tuesday reported a 49 per cent rise in its standalone profit after tax to Rs 502 crore in the quarter ended March 31, 2025. Its revenue from operations rose 37 per cent year-on-year (YoY) to Rs 1,904 crore in the fourth quarter, the company said in a statement. For FY25, the company said its profit after tax (PAT) was the highest ever at Rs 1,699 crore, up 36 per cent compared to FY24. Its revenue from operations also grew by 36 per cent YoY to Rs 6,742 crore in FY25. As of March, the company said its net worth was at Rs 10,266 crore, up 20 per cent YoY. The company has registered a 20 per cent growth in loan book to Rs 76,282 crore in FY25. "Ireda's sustained growth in revenue, profitability, and […]

[ad_1] IndusInd Bank on Tuesday said that accounting lapses in the derivative portfolio will have a negative impact of Rs 1,979 crore on the bank's networth. The bank has assessed an adverse impact (on a post-tax basis) of 2.27 per cent to its net worth as of December 2024 on account of discrepancies relating to derivative deals. The private sector lender last month reported the accounting lapses in the derivative portfolio estimated to have an adverse impact of approximately 2.35 per cent of the bank's net worth as of December 2024. Following this, the bank appointed external agency PwC to assess the impact on the bank's balance sheet, lapses at various levels and suggest remedial action. The agency in its report has quantified the negative impact of the above as of June 30, 2024, at Rs 1,979 crore, IndusInd Bank […]

[ad_1] A federal judge has ordered Bank of America to pay $540.3 million to the Federal Deposit Insurance Corporation (FDIC) in a long-standing legal battle over underpaid deposit insurance assessments. The ruling, made public on Monday, stems from assessments owed between the second quarter of 2013 and the end of 2014, and includes accrued interest.According to Reuters, the lawsuit dates back to 2017, when the FDIC sued the Charlotte, North Carolina-based lender for $1.12 billion. The complaint alleged that Bank of America failed to comply with a 2011 federal rule that altered how banks report their exposure to counterparty risks—a regulation introduced as part of broader reforms to safeguard the US banking system following the 2008 financial crisis.In her 59-page ruling, US District Judge Loren AliKhan in Washington, DC, dismissed Bank of America's argument that the FDIC’s actions were arbitrary […]

[ad_1] Banking stocks stole the spotlight on Tuesday as the broader markets continued their winning streak, driven by a mix of interest rate cuts and improved investor sentiment.IndusInd Bank was the standout performer, soaring 6.84% on the BSE. Other private sector lenders followed suit, Axis Bank jumped 4.18%, HDFC Bank rose 3.23%, and ICICI Bank gained 2.86%.Public sector banks also saw healthy gains with Canara Bank which 2.40%, Yes Bank climbed 2.10%, and State Bank of India advanced 1.23%. Bank of Baroda added 1.10%, Federal Bank 0.84%, and Kotak Mahindra Bank edged up 0.44%.The BSE Bankex index closed 2.51% higher at 59,866.95."Banking stocks benefited from deposit rate cuts," said Vinod Nair, head of research at Geojit Financial Services.The rally in bank shares came as the markets posted strong gains for a second consecutive session. The BSE Sensex surged 1,577.63 points, […]

[ad_1] US stocks climbed in early trading Tuesday, extending the market’s rebound as investors reacted positively to strong earnings from major banks, even as concerns linger over President Donald Trump’s assertive trade agenda.Leading the gains were Bank of America and Citigroup, both rising after reporting solid first-quarter results. The strong showing wrapped up a generally positive earnings season for large financial institutions, despite executives continuing to flag heightened risks of a potential recession.Around 20 minutes into the session, the Dow Jones Industrial Average was up 0.5% at 40,734.34. The S&P 500 advanced 0.7% to 5,442.09, and the Nasdaq Composite, driven by tech strength, also rose 0.7% to 16,954.00, according to news agency AFP. Meanwhile, the CBOE Volatility Index (VIX), a measure of market fear, fell by 0.98 points to 29.91, down 3.17%, indicating a modest decline in market uncertainty, according […]