Business

[ad_1] US stocks churned as traders poured through the latest batch of earnings reports while trying to gauge the impact of US President Donald Trump’s tariff offensive and invectives directed at the head of the central bank. The Dow Jones index fell 1.3%, while S&P 500 gained 0.2%, and the Nasdaq lost 0.2% intraday. Focus will be on tariff negotiation talks with dozens of countries over the coming weeks. [ad_2] Source link

[ad_1] Finance minister Nirmala Sitharaman (File photo) MUMBAI: FM Nirmala Sitharaman on Thursday said the ongoing trade recalibrations around the world were worrisome but India would navigate these global disruptions with policy agility. The FM said that the tariff war posed risks for India and the country was not immune to it, however, she was confident India's resilient economy would be able to sail through it.Sitharaman was speaking at the 150th-year celebration of the BSE, the oldest stock exchange in Asia, here. Ongoing tariff wars and the rise of protectionist policies can potentially disrupt global supply chains, increase production costs, and create uncertainty in investment decisions across borders. However, India would navigate these global disruptions with policy agility and long-term vision, she said."Our focus remains firmly on building a robust domestic foundation - laid and strengthened through infrastructure development, inclusive […]

[ad_1] B V R Subrahmanyam (File photo) NEW DELHI: India is set to leapfrog Germany and Japan to become the world’s third-largest economy in just three years, according to NITI Aayog CEO B V R Subrahmanyam. He also projected an ambitious long-term vision: India could become the second-largest economy globally by 2047. “Currently, the Indian economy is the fifth largest in the world. End of next year, we will be the fourth largest. Year after that will be the third largest,” Subrahmanyam said while addressing an event in the New Delhi as news agency PTI reported. As per the latest International Monetary Fund (IMF) data, India’s economy stands at USD 4.3 trillion. “We will be bigger than Germany and Japan in three years' time. By 2047, we could be the second largest economy (USD 30 trillion),” he added. Highlighting India’s […]

[ad_1] US investors may reportedly be forced to divest approximately $800 billion of Chinese equities "in an extreme scenario" if financial separation occurs between the world's largest economies, according to Goldman Sachs Group Inc.Presently, US institutions hold roughly 7% of Chinese companies' American Depositary Receipts (ADRs) market capitalisation, with limited Hong Kong trading capabilities. Goldman analysts, led by Kinger Lau, noted in a Wednesday report quoted by Bloomberg that these investors might face difficulties acquiring shares in Hong Kong if companies such as Alibaba Group Holding Ltd. face involuntary US delisting.Goldman has joined other international banks in evaluating worst-case scenarios for investors amid growing US-China financial separation concerns. The possibility of American exchanges removing Chinese companies, first raised during Donald Trump's presidency, has re-emerged following Treasury Secretary Scott Bessent's statement that all options remain "on the table" in China trade […]

[ad_1] MUMBAI: Nothing Before Coffee (NBC), has raised $2.3 million in a Pre-Series A funding round, led by Prath Ventures. The round also saw participation from SYL Investments.The funds will be used to expand the firm’s store footprint, invest in supply chain optimisation and experiment with new store formats. Founded in 2017 in Jaipur by Ankesh Jain, Anand Jain, Akshay Kedia, and Shubham Bhandari, Nothing Before Coffee is focusing on smaller cities. “This funding milestone is a strong validation of our vision and operating model. At Nothing Before Coffee, we have built a brand that combines affordability, quality, and deep cultural resonance—especially in India’s Tier-II and Tier-III markets. The capital will help us deepen our presence, invest in technology and talent, and unlock the next phase of growth,” said co-founder Ankesh Jain. Piyush Goenka, founder of Prath Ventures said “As […]

[ad_1] Indian stock markets will remain closed on Friday, April 18, 2025, on account of Good Friday, a national holiday observed in several parts of the country. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will suspend all trading activity for the day.The closure will apply across all segments including equities, equity derivatives, currency derivatives, and the Securities Lending and Borrowing (SLB) platform. In addition to the equity markets, the Multi Commodity Exchange (MCX) will also remain shut for the entire day. This includes both the morning session from 9:00 am to 5:00 pm and the evening session from 5:00 pm to 11:30 pm, according to MCX website. As a result, there will be no trading in commodities such as gold, silver, crude oil, or agricultural futures on April 18. Trading across all exchanges will resume […]

[ad_1] Diversified conglomerate ITC Ltd on Thursday announced that it will acquire Sresta Natural Bioproducts Pvt Ltd (SNBPL), the company behind the 24 Mantra Organic brand, for Rs 472.50 crore, in a move to strengthen its presence in the high-growth organic packaged foods space.According to a regulatory filing, ITC has signed a share purchase agreement to acquire a 100% stake in SNBPL, which is engaged in manufacturing and selling a wide portfolio of organic food products under the 24 Mantra Organic brand."The acquisition is in line with the strategy to augment the company's future-ready portfolio. The transaction will fortify ITC's presence and market standing in the high-growth organic products segment in both Indian and overseas markets," it said, as reported by PTI.SNBPL offers over 100 organic products, including grocery staples, spices, condiments, edible oils, and beverages. It also enjoys a […]

[ad_1] Against the backdrop of global debates surrounding diversity, equity, and inclusion (DEI), CEAT, a flagship company of the RPG Group, is stepping up its efforts to implement women-centric and diverse policies in the traditionally male-dominated manufacturing sector. With a goal of achieving gender diversity of 25% on the shop floor and 20% at the leadership level (general manager and above) by 2027, CEAT aims to surpass the industry average of 6-8%, its CHRO, Somraj Roy told TOI in an exclusive interactionAt present, the company’s overall gender diversity is 17%, while it’s around 9% in senior leadership roles."We’ve been proactive in hiring, sometimes building a bench even without immediate vacancies. We’re also exploring talent from diverse backgrounds, including women from defense sectors, and those from EWS (economically weaker sections), as well as a focus on socioeconomic diversity. For us, diversity […]

[ad_1] UnitedHealth Group (UNH) stock tumbled 19% Thursday after the company drastically cut its 2025 earnings forecast, citing significantly higher-than-expected medical costs tied to a surge in demand for outpatient and physician services within its Medicare Advantage plans.The insurer now expects adjusted earnings per share to fall between $26 and $26.50, well below its earlier guidance of $29.50 to $30 and analysts' expectations of $29.73, according to data from LSEG.The shock guidance sent ripples through the healthcare sector, dragging down shares of key rivals. Elevance, CVS Health, Cigna, Centene, and Humana fell between 3% and 13% in premarket trading, with the overall sector poised to shed more than $130 billion in market cap, CNBC reported.“This was a stock that was a safe haven for so many among tariffs and policy uncertainty,” said Kevin Gade, COO of Bahl & Gaynor, which […]

[ad_1] US stocks opened mixed as investors cautiously returned to tech and growth stocks, while healthcare weighed heavily on the broader market as global financial markets remained volatile on Thursday.Investors assessed a mix of corporate earnings, central bank signals, and geopolitical developments. While some sectors showed signs of recovery, others continued to feel pressure amid persistent uncertainty surrounding US trade policy and interest rate expectations.At 9:35 AM ET, the S&P 500 was up 11.97 points, or 0.23%, at 5,287.67, while the Nasdaq gained 20.91 points, or 0.13%, to trade at 16,328.07. However, the Dow Jones Industrial Average tumbled sharply, falling 500.65 points, or 1.26%, to 39,168.74 around 9:35 AM ET, dragged lower by continued weakness in UnitedHealth and other healthcare majors. The stock has been under pressure amid regulatory scrutiny and investor concerns over rising costs.Commodities showed a split trend. […]