Business

[ad_1] Trump has asked Apple CEO to stop iPhone manufacturing in India and relocate production to the United States. Apple has big expansion plans for India - plans that are now being frowned upon by US President Donald Trump. Currently, Apple does not manufacture iPhones in the United States, but Trump wants that to change. Trump has made it clear to Apple CEO Tim Cook that he has a ‘problem’ with US tech giant 'building all over India’.The majority of iPhone production occurs in China, whilst facilities in India make approximately 40 million units annually. That’s roughly 15% of Apple's total production. Trump on Thursday revealed that he asked Apple CEO Tim Cook to stop iPhone manufacturing in India and relocate production to the United States.Trump said, "I had a little problem with Tim Cook yesterday. I said to him, […]

[ad_1] US markets showed slight gains in trading on Friday, continuing their recent upward momentum. With minimal news driving trading, market participants awaited the latest updates on consumer sentiment and inflation. The Dow Jones Industrial Average edged lower by 37.71 points to 42,285.04 (-0.09%), while the Nasdaq Composite rose 31.66 points to 19,143.98 (+0.17%) at the initial minutes of trading. The S&P 500 posted a modest gain of 3.34 points, or +0.06%, to 5,920.27.In commodities, gold prices fell sharply by 1.49% to $3,178.40, while oil rose 0.73% to $62.07 per barrel, buoyed by expectations of tighter global supply. The US 10-year Treasury yield declined to 4.394%, down 0.061 points, indicating increased bond buying amid inflation and policy uncertainty. The CBOE Volatility Index (VIX) slipped by 1.18% to 17.62, reflecting relative calm in equity markets. On the currency front, the euro […]

[ad_1] Gopichand P Hinduja (Image credit: Hinduja website) Gopi Hinduja and his family retained their position as Britain’s wealthiest, according to The Sunday Times Rich List, despite a drop in their overall fortune. The Hinduja family's net worth now stands at £35.3 billion, down from £37.2 billion the previous year.Gopichand Hinduja, who belongs to the second generation of the family, took over as chairman following the death of his elder brother Srichand in May 2023.Who is Gopichand Hinduja?Gopichand P Hinduja, widely known as 'GP' in business circles, serves as the chairman of both the Hinduja Group and Hinduja Automotive Ltd in the UK.GP began his journey in the family business in Mumbai in 1959, playing a crucial role in transforming the Group from a traditional Indo-Middle East trading enterprise into a global, multi-billion-dollar conglomerate.Under his leadership, the Group acquired Gulf […]

[ad_1] Hyundai Motor India Ltd (HMIL) on Friday reported a 4% decline in its consolidated profit after tax (PAT) to Rs 1,614 crore for the fourth quarter ended March 31, 2025, attributed to lower sales in the domestic market.The automaker had reported a PAT of Rs 1,677 crore in the same period last fiscal.Despite the dip in profit, the company’s total revenue from operations rose to Rs 17,940 crore in Q4 FY25, up from Rs 17,671 crore in the corresponding quarter of 2023-24, HMIL said in a regulatory filing as reported by PTI.Domestic sales dropped to 1,53,550 units in the March quarter, compared to 1,60,317 units in the same period of the previous fiscal. However, exports grew to 38,100 units during the quarter, up from 33,400 units a year ago.For the full fiscal year 2024-25, Hyundai reported a consolidated PAT […]

[ad_1] The company's shares dropped by 222 points (10%) to TRY 2,002 on May 16, continuing a substantial downward trend. (AI image) Celebi share price crash after India ban: Celebi Hava Servisi AS shares plunged in trade on Thursday with a significant 10% decline on the Istanbul Stock Exchange following the Indian authorities' withdrawal of security clearance for its Turkey firm's Indian unit, Celebi Airport Services India. The decision was announced by India's Bureau of Civil Aviation Security (BCAS) the previous day, with immediate implementation, based on national security considerations.The immediate implementation of the BCAS directive signals PM Narendra Modi's stance that countries supporting Pakistan will face economic consequences. The decision follows Pakistan's use of Turkish-manufactured drones to target Indian cities during Operation Sindoor.The company's shares dropped by 222 points (10%) to TRY 2,002 on May 16, continuing a substantial […]

[ad_1] A United Nations report projects India's economic growth to moderate to 6.3% in 2025, a slight decrease from previous forecasts, but still among the fastest-growing globally, driven by strong consumption and government spending. While exports face potential challenges from US tariffs, stable employment and declining inflation are expected. Globally, economic prospects are fragile due to trade tensions. India’s economic growth is expected to moderate to 6.3% in 2025, down from 7.1% this year, according to a United Nations report released on Thursday.“Despite a projected moderation, India remains one of the fastest-growing large economies, supported by resilient consumption and government spending,” it said.India's economy is now expected to grow by 6.3 per cent in 2025, a slight downgrade from the 6.6 per cent forecast made by the UN earlier in January. Growth is projected to edge up to 6.4 per […]

[ad_1] Gold appears vulnerable to further downside in the immediate term. (AI image) Gold price prediction today: Gold prices have been volatile in the last few days amidst geopolitical uncertainties. Where are they headed and what should investors do - buy, sell or hold gold? What gold rate levels should you watch out for? Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities explains:Gold Market Overview:MCX Gold June 2025 contract is displaying bearish technical patterns after forming a lower high at ₹93400 levels. The precious metal has recently completed a V-shaped recovery from its lows of ₹91600 but appears to be facing strong resistance at current levels. The price action suggests exhaustion in the recovery rally, presenting attractive sell opportunities for intraday traders. Technical AnalysisCurrent price: ₹93239 Key Technical Indicators:Bollinger Bands: Price has approached the upper band and […]

[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Bajaj Broking Research, Kiri Industries and HFCL are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for May 16, 2025:Index View: NiftyIndian markets witnessed a strong up move during the current week with benchmark indices gaining more than 4% in the last 4 sessions. Key factors driving the Monday’s rally included: (A) A ceasefire agreement between India and Pakistan, (B) Renewed optimism around the US-China trade deal, (C) An early forecast for the southwest monsoon, expected to arrive in Kerala by May 27, earlier than the usual June 1 onset, (D) News of upcoming Russia-Ukraine peace talks scheduled for May 15.Market started the week on a strong note and generated a breakout above 12-sessions consolidation range (24,589–23,848), […]

[ad_1] Central trade unions have postponed the nationwide general strike initially scheduled for May 20, moving it to July 9 in light of recent developments following the India-Pakistan conflict. The decision was taken during a meeting of the Joint Platform of Central Trade Unions and Independent Sectoral Federations and Associations held on Thursday, according to an official statement.The platform cited the evolving national situation, particularly after the terrorist attack in Pahalgam that claimed 26 innocent lives, and the subsequent combat actions undertaken by the Indian Armed Forces. The unions acknowledged these events as serious developments that warranted a responsible and patriotic response, according to news agency PTI."After due consideration of the prevailing situation throughout the country, the Joint Platform, as an integral part of the responsible patriotic citizenry, decided to re-schedule the Nationwide General Strike from 20th May to 9th […]

[ad_1] The Indian rupee declined by 22 paise to close at 85.54 against the US dollar on Thursday, pressured by strong demand for the greenback from importers and continued foreign fund outflows. However, gains in domestic equities and a fall in crude oil prices helped limit the currency's losses, according to forex traders.At the interbank foreign exchange market, the rupee opened at 85.53 and traded in a range of 85.48 to 85.73 during the session. It eventually settled at 85.54 per dollar, marking a depreciation of 22 paise from its previous close.On Wednesday, the rupee had ended 4 paise higher at 85.32, after paring most of its intraday gains. Over the last two sessions, the domestic unit started on a strong note, reaching levels near 84.62 on Tuesday and 85.05 on Wednesday, but lost momentum later in the day."Possibly the […]