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[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 […]

[ad_1] NEW DELHI: The Adani Group has ended its partnership with Chinese company DragonPass, which is a platform offering airport lounge access service. Adani currently runs airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati & Thiruvananthapuram and is building the upcoming one at Navi Mumbai.“Our association with DragonPass, which provided access to airport lounges, has been terminated with immediate effect. DragonPass customers will no longer have access to lounges at Adani-managed airports. This change will have no impact on the airport lounge and travel experience for other customers,” said a spokesperson for Airport Holdings.DragonPass is a global platform that offers lounge access and travel-related privileges to cardholders and subscribed members. The brief tie-up was aimed at extending those services to passengers transiting through Adani-operated airports. [ad_2] Source link

[ad_1] Walmart reported a dip in first-quarter profit on Thursday and said it will raise prices due to mounting tariff-related costs stemming from policies implemented by President Donald Trump.While the retail giant posted strong sales, it acknowledged growing challenges that could weigh on future performance.The company earned $4.45 billion, or 56 cents per share, for the quarter ended April 30, compared to $5.10 billion, or 63 cents per share, in the same quarter a year earlier. Adjusted earnings per share came in at 61 cents, surpassing analyst expectations of 58 cents, according to FactSet as reported by news agency AP.Revenue increased 2.5% year-over-year to $165.61 billion, slightly below Wall Street projections. Walmart's US comparable sales—which include physical stores and online platforms—rose 4.5%, down slightly from the 4.6% growth in the previous quarter and the 5.3% jump seen in the third […]

[ad_1] Wall Street slipped Thursday morning as markets digested a surprise drop in US wholesale prices and oil tumbled on growing optimism over a potential nuclear agreement between the United States and Iran.The Dow Jones Industrial Average fell 170.92 points, or 0.41%, to 41,880.14 at the initial minutes of market opening. The Nasdaq Composite dropped 83.94 points (-0.44%) to 19,062.87, while the S&P 500 slid 15.44 points (-0.26%) to 5,877.14.The downward momentum followed new data from the US Lavor Department showing that wholesale prices fell 0.5% in April, marking the first monthly decline since October 2023 and the sharpest drop in five years. The producer price index (PPI) rose 2.4% year-over-year, decelerating from a 3.4% increase in March, defying expectations of a modest monthly gain.Core wholesale prices — which exclude food and energy — dropped 0.4% from March and were […]

[ad_1] The government should ramp up efforts on programmes like the Smart Cities Mission and AMRUT to promote greener urban development and strengthen ecological resilience, a new report by the State Bank of India (SBI) recommended.According to the report, these initiatives are crucial in managing India’s rapid urban growth while safeguarding the environment. It explained that these schemes are playing a key role in aligning environmental sustainability with urban expansion, supporting what the report termed a "U-shaped hypothesis".What is a U-shaped hypothesis? Under this theory, the initial phases of urbanisation typically result in forest loss, but as it reaches a more advanced stage, particularly beyond the 40% mark, stronger environmental policies kick in, helping forest cover recover and improving land-use planning. This helps in enhancing the institutional capacity which in turn balances urban expansion along with environmental conversation.To maintain long-term […]

[ad_1] The United States maintains its position as India's primary trading partner. (AI image) India-US trade deal: US President Donald Trump on Thursday claimed that India had put forward a proposal for a trade agreement with "no tariffs" or 'zero tariffs". Trump said that India has proposed eliminating import duties on American products. Trump said that Indian authorities have put forward a proposition that would essentially remove all import taxes on US merchandise.The Indian government aims to secure a trade agreement with America during the 90-day suspension declared by Trump on April 9 regarding tariff increases for significant trading partners, which had incorporated a 26% duty on India."It is very hard to sell in India, and they are offering us a deal where basically they are willing to literally charge us no tariffs," Trump said in a meeting with executives […]

[ad_1] IFFCO shall provide advanced Nano Fertilisers, Bio-stimulants. (AI image) Indian Farmers Fertiliser Cooperative Limited (IFFCO), recognised as the world's largest processed fertiliser cooperative and a prominent prominent player in agri-input manufacturing and marketing, has established a strategic collaboration through a Memorandum of Understanding (MoU) with the Foundation for Development of Rural Value Chains (FDRVC). The FDRVC, established as a not-for-profit organisation under the Ministry of Rural Development's initiative, focuses on supporting producer-owned collective enterprises (PE) with professional management. This collaborative effort seeks to strengthen Farmer Producer Organizations (FPOs) throughout India by improving their access to innovative, sustainable and premium agricultural inputs. The initiative is expected to benefit over 800 FPOs and one million farmers nationwide.The formal MoU signing ceremony was conducted between Yogendra Kumar, Marketing Director of IFFCO, and Bipin Bihari, CEO of FDRVC.Under this partnership, IFFCO shall provide […]

[ad_1] In 2025, TCS achieved the top position as Europe's IT service provider for customer satisfaction. Tata Consultancy Services has achieved recognition as one of the top 100 valuable global brands in Kantar BrandZ Most Valuable Global Brands 2025 Report. The company's brand value reached $57.3 billion, showing significant growth of 28% compared to the previous year.A separate independent assessment by Momentum-ITSMA revealed that TCS achieved 95% aided brand recognition amongst business leaders across 26 nations globally. This marks a substantial increase from the 29% awareness level recorded in the same survey in 2010, according to the company's press release quoted by ET."This growth in brand value and equity highlights TCS' sustained brand building efforts, including high-impact global sports partnerships, customer-centric innovation, and consistent marketing excellence," the IT major said in a statement."For two decades, Kantar BrandZ has acknowledged the […]