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[ad_1] The RBI has revised downwards its GDP growth projections for FY 2025-26 from 6.7% earlier to 6.5%. RBI governor Sanjay Malhotra has said that the extent of the downward trajectory of the repo rate is uncertain as of now, given the global economic uncertainties created due to US President Donald Trump’s tariffs. On a lighter note he said, “I’m Sanjay, but I'm not the Sanjay of Mahabharata…”RBI governor-led Monetary Policy Committee (MPC) on Wednesday cut the repo rate by 25 basis points to 6.5%. This is the second rate cut in this calendar year, and importantly the RBI has changed its policy stance from neutral to accommodative. RBI governor in his statement explained that an accommodative stand means that the central bank will either maintain status quo or cut rates in the coming monetary policy reviews.Also Check | Trump's […]

[ad_1] This is a representational AI image (Pic credit: Lexica) Indian pharmaceutical stocks slumped on Wednesday after US President Donald Trump renewed his threat to impose sweeping tariffs on all pharmaceutical imports, an announcement that sent shockwaves through drug industry in India, which heavily relies on exports to the US.The Nifty Pharma index dropped 1.7 per cent, dragging the broader Nifty 50 benchmark down by 0.52 per cent as of 9.20 am IST. All 20 constituents of the pharma index were trading in the red.Gland Pharma, Lupin, and Zydus Lifesciences were among the worst hit, plunging between 3 per cent and 5 per cent. Heavyweights Sun Pharma and Cipla also declined, slipping 1.69 per cent and 1.87 per cent, respectively.US a key market for Indian genericsIndia exports a significant volume of generic drugs—low-cost alternatives to branded pharmaceuticals—to the United States, […]

[ad_1] Piyush Goyal (File photo) Union commerce and industry minister Piyush Goyal confirmed that India is working towards a bilateral trade agreement with the United States as agreed between Prime Minister Narendra Modi and President Donald Trump in February.His remarks came as Trump’s 26% reciprocal tariff on Indian goods came into effect.“We are keeping India’s interests at the forefront,” Goyal said, assuring business leaders that ongoing negotiations are progressing well. “This agreement will help power the Indian economy towards Viksit Bharat 2047,” he said.President Trump, in his second term, has doubled down on tariff reciprocity, imposing 26% tariffs on Indian goods. While several nations have responded with retaliatory measures, India has opted to stay the course, focusing on finalising a fair and comprehensive trade pact.Echoing Goyal’s optimism, Union minister Hardeep Singh Puri said India would emerge stronger from the current […]

[ad_1] Market experts indicate continued volatility until clarity emerges regarding US tariffs. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Wednesday ahead of RBI’s monetary policy review. While BSE Sensex dipped over 350 points, Nifty50 was below 22,450. At 9:16 AM, BSE Sensex was trading at 73,874.49, down 353 points or 0.48%. Nifty50 was at 22,423.10, down 113 points or 0.50%.Indian equities closed on Wednesday with robust gains, recovering partially from the previous session's decline. Market experts indicate continued volatility until clarity emerges regarding US tariffs, whilst individual stocks may fluctuate based on fourth-quarter results and company forecasts.The S&P 500 experienced a significant decline on Tuesday, dropping below 5,000 points for the first time in nearly a year, following a reversal of early gains. Prospects diminished for potential US tariff […]

[ad_1] Top stocks to buy (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, GAEL, Nazara Tech and Asian Paints are the top stock picks for today:GAEL: BUY in ₹114–119 Range | Stop Loss: ₹99 (Closing Basis) | Target: ₹140 / ₹150GAEL has recently broken out after consolidating within the ₹99–₹110 range, signalling renewed bullish momentum. This consolidation took place precisely at the S3 yearly Camarilla pivot, a critical support level, further reinforcing the bullish bias.Additionally, a bullish divergence on the RSI is visible on the daily chart, offering further confirmation of potential upward movement in the short to medium term.Traders are advised to buy GAEL in the ₹114–119 range, with a stop-loss at ₹99 on a closing basis, targeting ₹140 and ₹150 over the next 1–3 months.Nazara Tech: BUY […]

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[ad_1] CHENNAI: Private Equity-Venture Capital (PE-VC) investments in late stage companies plunged by 61% over the past four years as investors have turned cautious. It has recorded a sharp decline from $23.4 billion in CY2021 to around $9 billion last year (CY2024), data sourced from research firm Venture Intelligence has revealed.The trend continues in the current FY with investments down to nearly $1.2 billion during Jan-March (CY2025) against $2 billion in the corresponding three months period of last year. The data excludes those investments in the real estate sector. Arun Natarajan, founder, Venture Intelligence said, growth stage and late stage deals suffered the most from 'Funding Winter' after peaking in CY2021. "The recovery in growth stage and late stage funding is expected to be gradual, and led by domestic investors and longer term foreign investors including sovereign wealth firms, Family […]

[ad_1] US stocks opened sharply higher, with the S&P 500 rising 3.86% and the Dow Jones Industrial Average increasing by 1,403 points (3.70%) at 10.15 am EST, while the Nasdaq composite showed a 4.34% gain. All three major US indices were up more than three percent in early trading as President Donald Trump described an upbeat call with the head of South Korea, while US Treasury Secretary Scott Bessent said Japan had sought quick negotiations.The recovery was observed globally, with Tokyo stocks rising 6%, Paris 3.4%, and Shanghai 1.6%. Crude oil prices showed slight improvement after reaching their lowest point since 2021. Bitcoin stabilised above $79,000, recovering from its previous day's decline towards $76,000.Markets briefly rose on reports of President Donald Trump considering a 90-day tariff suspension for all nations except China, but the White House later rejected this as […]

[ad_1] NEW DELHI: Led by Apple’s iPhone, India’s mobile phone exports crossed Rs 2 lakh crore in fiscal 2024-25, growing by a strong 54% over the previous year.The share of iPhone in the exports stood at Rs 1.5 lakh crore, Union Minister Ashwini Vaishnaw said on Tuesday as he forecasted a doubling of electronics exports over the next five years."Smartphones are now among the top exported goods out of India," Vaishnaw said.Apart from Apple, Samsung also exports smartphones out of India, and other companies include Motorola. Chinese players such as Vivo, Oppo and Xiaomi — while being strong players within India — are still to get big on exports.The minister said that manufacturing of electronics has increased more than five times in the last decade while exports have moved up more than six times.Vaishnaw also announced the rollout of the […]

[ad_1] NEW DELHI: State-run Bharat Petroleum (BPCL) on Monday will form an equal joint venture with Sembcorp for green hydrogen production as well as other renewable energy projects in India and elsewhere.Sembcorp will execute the joint venture through its wholly-owned subsidiary Green Hydrogen India Pvt Ltd. The JV will leverage Sembcorp's experience in renewables and BPCL's experience in the petroleum sector and its infrastructure.The JV will also pursue projects for green ammonia production and bunkering, emissions reduction for port operations and other emerging green fuel technologies.BPCL chairman G Krishnakumar said the JV support India's climate goals and the company's 2040 net-zero target with a 10 GW renewable energy portfolio.Sembcorp CEO (West) Vipul Tuli said with focus on identifying opportunities to help decarbonise hard-to-abate sectors, Sembcorp is committed to delivering scalable, low-carbon solutions for a sustainable future.Sembcorp is pursuing the use […]