Business

[ad_1] The initiative aims to encourage domestic manufacturers to increase local production capabilities. (AI image) India is implementing stringent product safety standards to restrict the import of compact household appliances and electronic lifestyle products from China. This action follows the recent identification of substandard electronic appliances imported from India’s neighbouring country.The initiative also aims to encourage domestic manufacturers to increase local production capabilities.Several electrical items including recliners, furniture, whirlpool baths, spas, toilet products, cloth dryers, towel rails, and beauty products - operating on electricity or battery - must now display the Bureau of Indian Standards (BIS) certification to demonstrate compliance with enhanced safety requirements.Industry leaders indicated that the government directive was prompted by BIS's recent inspections, which discovered substandard products in the marketplace, including within major online retailers' storage facilities.Powering up safetyOn May 19, the Department for Promotion of Industry […]

[ad_1] NEW DELHI: Using the wet lease route to expand its international network, IndiGo will from July 1, 2025, launch thrice weekly flights between Mumbai and Manchester. And from the next day, IndiGo will start nonstops between Mumbai and Amsterdam.Both these thrice weekly routes will be launched using the wet leasedBoeing 787-9 Dreamliners (hired with operating crew) of Norse Atlantic. With Pakistan airspace closed for overflying by Indian carriers, IndiGo has started its Europe flights from Mumbai. And not the national capital to avoid the much longer routes they would have had to take.“Upgrading its in-flight dining experience, complimentary hot meals and beverages will be served to all customers” on thee two routes, the airline said. Meals sold on board IndiGo flights — almost all cold except the dip-in-hot-water-for-five-minute versions — have long been the biggest chink in its otherwise […]

[ad_1] South Korea, the fourth largest Asian economy, saw its exports slip 2.4% year-on-year in the first 20 days of May, weighed down by weaker sales to major trade partners including the United States.The Korea Customs Service reported on Wednesday that exports from May 1 to May 20 totalled $32 billion. Though demand for semiconductors remained strong, the broader picture showed signs of strain, especially as trade tensions with Washington escalated.Exports to the United States, Seoul’s long-standing ally, plunged 14.6% over the same period last year, after Washington imposed sweeping 25% tariffs on South Korea. Though the US temporarily lowered the rate to 10% for a 90-day period starting in April, key items like steel, aluminium and cars remain subject to the full levy of 25%.The country also recorded a slight trade deficit of $300 million for the May 1–20 […]

[ad_1] Various mango varieties, such as Alphonso, Kesar, Banganapalli and Himayat, have gained access to the US market. (AI image) The US rejecting mango consignments from India has led to exporters destroying the fruits resulting in big losses, and Indian authorities have alleged that America did not follow the standard procedure. After Indian authorities faced rejection of 15 mango consignments by the US due to procedural issues, they have said that US inspectors failed to adhere to the established protocol.Various mango varieties, such as Alphonso, Kesar, Banganapalli and Himayat, have gained access to the US market. Additionally, northern Indian varieties including Raspuri, Langra, Chausa, and Dasheri are successfully undergoing irradiation treatment for export purposes.The value of Indian mango exports to the United States has shown significant growth, increasing by 130% to $10 million in FY24, compared to $4.36 million in […]

[ad_1] Gold turned volatile last week as it plunged by almost 3% to a low of $ 3120 per Oz in spot before recovering. (AI image) Gold price prediction today: Gold rate has been fluctuating amidst global turmoil and uncertainty regarding Donald Trump’s trade policies, the recent US credit rating downgrade. Till a few weeks ago gold prices were touching lifetime highs, but have since then retreated. So what’s the gold price outlook for this week, and what should investors do if gold prices drop further? Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations:Gold Price TrendsGold turned volatile last week as it plunged by almost 3% to a low of $ 3120 per Oz in spot before recovering and closing above $ 3200 per oz on a weekly basis. A […]

[ad_1] Market experts anticipate sideways movement whilst following international developments, particularly US trade negotiations with India and China. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Wednesday. While Nifty50 went above 24,700, BSE Sensex was up over 200 points. At 9:22 AM, Nifty50 was trading at 24,749.05, up 65 points or 0.26%.BSE Sensex was at 81,409.82, up 223 points or 0.28%.Market experts anticipate sideways movement whilst following international developments, particularly US trade negotiations with India and China.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Spike in uncertainty and risk is impacting the market rather unexpectedly. Yesterday’s FII sell figure of Rs 10016 crores is a major reversal of their big buying in May and if this persists it has the potential to impact the market. What caused this […]

[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, Chennai Petro, Jubilant Pharmova, and ONGC are the top stocks to buy today:CHENNAI PETRO: BUY NEAR ₹670 | Stop Loss: ₹570 | Target: ₹870 (3 Months)Chennai Petro has broken out of a prolonged consolidation phase, forming a classic inverse head and shoulders pattern. The breakout is supported by strong volumes and has occurred above the 200 DEMA, adding strength to the bullish structure.A positive crossover in ADX (14) and a breakout in the weekly RSI suggest trend initiation and fresh momentum. Traders may consider entering near ₹670 with a stop-loss at ₹570 and a target of ₹870 over the next 3 months.JUBILANT PHARMOVA: BUY NEAR ₹980 | Stop Loss: ₹940 | Target: ₹1060 (Short Term)Jubilant […]

[ad_1] The Wall Street opened on Tuesday at a slight low as the recent rally momentum slowed. The S&P 500 declined 0.3% in early trading Tuesday, while the Dow Jones Industrial Average decreased by 22 points and the Nasdaq composite fell 0.4%. Treasury yields and the US dollar remained stable. Home Depot reported positive revenue exceeding analyst expectations for the year's beginning, maintaining its annual profit and sales growth forecasts.The markets already hinted at a slow start prior to the opening bell as the earnings season approaches conclusion. During pre-market trading, S&P 500 futures declined 0.2%, Dow Jones Industrial Average futures remained flat, and Nasdaq futures dropped 0.2%.However, Home Depot shares increased over 2 per cent in the premarket trading following better-than-expected sales figures and confirmation of previous sales projections, despite housing market challenges. Target and Lowe's are scheduled to […]

[ad_1] NEW DELHI: Hindalco Industries, the metals flagship of the Aditya Birla Group, reported a 66 per cent year-on-year surge in consolidated net profit to Rs 5,284 crore for the quarter ended March 2025, up from Rs 3,174 crore a year ago. The robust performance was driven by strong Indian operations, aided by favourable macroeconomic conditions and lower input costs.Consolidated revenue from operations rose to Rs 64,890 crore, compared to Rs 55,994 crore in the same quarter last year.For the full financial year FY25, Hindalco posted a record consolidated profit after tax of Rs 16,002 crore, up from Rs 10,155 crore in FY24. Annual revenue grew to Rs 2,38,496 crore, against Rs 2,15,962 crore in the previous fiscal."Hindalco delivered an all-time high performance in FY25, driven by strong operational resilience, cost discipline, and continued momentum across all our businesses. Our […]

[ad_1] NEW DELHI: The Competition Commission of India (CCI) on Tuesday approved Bajaj Group’s plan to acquire a 26% stake each in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance from its partner Allianz SE, valued at Rs 24,180 crore."The proposed combination involves acquisition of 26 per cent paid-up equity share capital of Bajaj Allianz Life Insurance Company Ltd (BALIC) and Bajaj Allianz General Insurance Company Ltd (BAGIC) by Bajaj Finserv Ltd (BFS), Bajaj Holdings & Investment Ltd (BHIL) and Jamnalal Sons Pvt Ltd (JSPL) from Allianz SE," the regulator said in a release.BFS operates in financial services, including consumer and SME finance, housing finance, and general insurance. JSPL operates as a private limited company under the Companies Act, 1913.BHIL maintains RBI registration as a non-banking financial company. Currently, BFS holds 74 per cent stakes in both BALIC and […]