Business

[ad_1] Oil prices remained steady on Monday following last week's gains, as markets awaited the outcome of renewed US-China trade negotiations in London. Brent remained above $66 per barrel following a 4% increase last week, with West Texas Intermediate hovering near $65.US and Chinese negotiators are scheduled to meet in London on Monday for the first round of talks under the revived economic and trade consultation mechanism, raising hopes of easing tensions between the world’s two largest economies.The announcement came after a rare phone call between the two nations' top leaders on Thursday, as both sides face growing pressure to ease tensions—especially amid China’s export curbs on rare earths disrupting global supply chains."The meeting should go very well," US President Donald Trump wrote on Truth Social on Friday afternoon. "Thank you for your attention to this matter!" he added.Oil prices […]

[ad_1] GE is also working to speed up delivery of F-404 jet engines to India’s Hindustan Aeronautics. (File photo of Tejas) IAF’s fifth-generation stealth fighter project: US’ General Electric (GE) has said that it is ‘very interested’ in making engines for India’s fifth-generation stealth fighter project. It will compete to manufacture engines for the Indian Air Force's fifth-generation stealth fighter and advanced medium combat aircraft, GE chairman and CEO Larry Culp said. The aerospace giant views India as a key strategic market for both civilian and military aerospace operations, according to Culp.GE is also working to speed up delivery of F-404 jet engines to India’s Hindustan Aeronautics (HAL). GE says it has accelerated the supply of jet engines to HAL for the Tejas Mark-1A fighter programme, which has experienced significant delays. The company delivered its first F-404 engine from a […]

[ad_1] Gold price prediction: Last week, Gold climbed to a near four-week high, while silver surged past ₹1 lakh on the domestic front. (AI image) Gold price prediction today: Gold rates have seen major fluctuations over the last few weeks, ever since the yellow metal prices hit a lifetime high. Gold is seen as a safe haven investment in times of turmoil and uncertainty. The rapidly evolving geopolitical and trade situations have kept gold investors guessing on the direction of gold prices. So, what is the gold rate prediction for this week and what should investors do? Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd shares his outlook on gold prices and strategy for gold investors:Last week, Gold climbed to a near four-week high, while silver surged past ₹1 lakh on the domestic front, driven by […]

[ad_1] NEW DELHI: After the recent acquisitions of Yoga Bar and 24 Mantra Organic, ITC Foods is sharpening its focus on strategic takeovers to accelerate growth, gain rapid entry into high-potential categories, and align with consumer preferences for health, indulgence, convenience, and premium offerings. This move aligns with the 'ITC Next' strategy, which prioritises value-accretive acquisitions as a core expansion driver, Hemant Malik, executive director, ITC, told TOI.The company plans to drive growth through a combination of brownfield and greenfield investments, navigating challenges of subdued urban consumption amid weak household incomes and spiralling inflation.During the year, there was severe inflationary pressure in edible oil, wheat, maida, cocoa, and packaging inputs, which, the company said, was partially mitigated through cost management initiatives, calibrated pricing actions, and a strategic push towards premiumisation.Malik expects the premium category to grow at least twice the […]

[ad_1] NEW DELHI: Maharashtra and Karnataka accounted for 51 per cent of the foreign direct investment (FDI) inflows into the country during the last financial year 2024-25, according to the latest data of the Department for Promotion of Industry and Internal Trade (DPIIT). Maharashtra attracted maximum foreign inflows at USD 19.6 billion and accounted for 31 per cent of the country's total FDI during April-March 2024-25.Karnataka received USD 6.62 billion overseas investments during the last fiscal year, the data showed.The two states were followed by Delhi (USD 6 billion), Gujarat (USD 5.71 billion), Tamil Nadu (USD 3.68 billion), Haryana (USD 3.14 billion), and Telangana (USD 3 billion). According to experts, the main reason for the maximum inflows in Maharashtra and Karnataka is substantial improvement in infrastructure. [ad_2] Source link

[ad_1] NEW DELHI: After a sluggish start to 2025, the primary market is showing signs of revival with over a dozen companies having lined up their IPOs in the next three to six months buoyed by a stabilising secondary market and easing geopolitical tensions, merchant bankers said.Among the companies preparing to tap the capital markets are HDB Financial Services, a subsidiary of HDFC Bank, National Securities Depository Ltd (NSDL), Kalpataru, Rubicon Research, All Time Plastics, Regreen-Excel EPC India, and Paramesu Biotech, they added.Additionally, Credila, SK Finance, Veritas Finance, Paras Healthcare, CIEL HR Services, Avanse Financial Services, Drof-Ketal Chemicals India, Brigade Hotel Ventures and Shreeji Shipping are looking to launch their IPOs.All these companies have already received clearance from the markets regulator Securities and Exchange Board of India (Sebi).These companies are mobilising funds to support capital expenditure requirements especially for expansion […]

[ad_1] NEW DELHI: The automobile industry has sought govt support in expediting approvals from the Chinese govt for importing rare earth magnets used in various applications, including passenger cars. As per sources, various domestic suppliers have already sought approval from the Chinese govt through their local vendors in China.However, no approvals have been granted so far, sources said. China controls over 90% of global processing capacity for the magnets, used across multiple sectors including automobiles, home appliances and clean energy.The Chinese govt has put restrictions, with effect from April 4, mandating special export licences for seven rare earth elements. [ad_2] Source link

[ad_1] British health insurance major Bupa is looking to enter the fast-growing private hospital and healthcare market in India, currently dominated by players like Max Healthcare, Apollo Hospitals, Fortis, Narayana Health, and Medanta, as the company grows its engagement beyond the traditional insurance business (Niva Bupa), global CEO Inaki Ereno told TOI in an interview. Excerpts: How do you assess the Indian health insurance market in India?The Indian health insurance market is the most attractive and best in the world. It's still under-penetrated, and we believe there will be many more people requiring private medical insurance. We need more beds, more hospitals, more clinics, and more insurance here... In terms of our own growth, it's been 35% over the last three years. We're clearly seeing a massive opportunity.In markets like Europe, UK, Australia , Latin America, you have a Bupa […]

[ad_1] NEW DELHI: Market sentiment this week will be shaped by global trends, key inflation data, and foreign investor activity. Investors will also keep a close watch on monsoon progress and updates on international trade talks, according to market experts."Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such as CPI inflation will be closely tracked to gauge demand trends and the central bank's next steps,"Ajit Mishra, SVP, Research, Religare Broking Ltd told news agency PTI."Additionally, the progress of monsoon and sowing patterns will be monitored due to their implications for rural consumption," Mishra noted.Global trade discussions and US bond yield fluctuations will remain significant factors influencing market sentiment, he added.The benchmark indices witnessed substantial gains on Friday, with rate-sensitive sectors leading the rally following RBI's substantial 50 basis points rate reduction.The BSE Sensex […]

[ad_1] NEW DELHI: Indian startups are struggling to grow due to limited domestic investment and restrictive government regulations, warned industry veteran and Aarin Capital Chairman Mohandas Pai, calling for urgent policy reforms and increased R&D funding to boost the ecosystem.He cautioned that despite India's position as the world's third-largest startup ecosystem, the nation could lose ground in global innovation if existing issues remain unresolved."We have 1,65,000 registered startups, 22,000 are funded. They created USD 600 billion in value. We got 121 unicorns, maybe 250-300 soonicorns," Pai said in an interview to PTI."The biggest issue for startups is the lack of adequate capital. For example, China invested USD 835 billion in startups and ventures between 2014 and 2024, US invested USD 2.32 trillion. We just put in USD 160 billion, out of which possibly 80 per cent came from overseas. So […]