Business

[ad_1] Investors witnessed a massive boost in wealth, with Rs 18.42 lakh crore added to their portfolios over two days, driven by a sharp surge in equity markets. The rally mirrored a global uptrend following US President Donald Trump’s decision to ease tariffs on electronics and his hints at potential duty relief on automobiles.Extending gains for a second consecutive session on Tuesday, the 30-share BSE Sensex climbed 1,577.63 points, or 2.10%, to close at 76,734.89. Across the last two trading days, the benchmark index has jumped by 2,887.74 points or 3.91%.The market capitalisation of companies listed on the BSE soared by Rs 18,42,028.91 crore to reach a staggering Rs 4,12,24,362.13 crore (USD 4.81 trillion) over this short span.ALSO READ | India leads global market recovery, first in world to rebound from Trump tariff shock“Buoyancy across global equity markets provided major […]

[ad_1] Gold prices in the national capital rose by Rs 50 on Tuesday to align with their all-time high of Rs 96,450 per 10 grams last week, the All India Sarafa Association said. This hike followed a Rs 50 dip on Monday, when gold of 99.9% purity had closed at Rs 96,400 per 10 grams.This upward trend in the precious metal highlights its role as a safety net amid ongoing economic uncertainty.Following a similar path, gold of 99.5% purity also gained Rs 50, taking it back to its record level of Rs 96,000 per 10 grams, up from Rs 95,950 a day earlier.Silver also saw a sharp spike, climbing Rs 2,500 to trade at Rs 97,500 per kilogram, driven by renewed industrial demand. On Monday, silver had dropped by Rs 500 to settle at Rs 95,000 per kg.In international markets, […]

[ad_1] India's retail inflation declined marginally to 3.34% in March, reaching its lowest level in nearly six years, driven by falling prices of vegetables and protein-rich food items. Consumer Price Index (CPI)-based inflation was 3.61% in February and significantly higher at 4.85% in March last year.The latest figures mark the lowest retail inflation rate since August 2019, when it stood at 3.28%.Food inflation, a key component of the CPI, also eased to 2.69% in March from 3.75% in February. In comparison, food inflation was 8.52% in March 2024.The top five items recording the highest year-on-year inflation at the All-India level in March 2025 were coconut oil (56.81%), coconut (42.05%), gold (34.09%), silver (31.57%), and grapes (25.55%), as per Ministry of Statistics & Programme Implementation release. On the other hand, the items with the lowest year-on-year inflation in March 2025 were […]

[ad_1] Biocon Biologics announced a major milestone in its US expansion plans, inking a settlement and licensing agreement with Regeneron, allowing it to commercialise its biosimilar eye drug, Yesafili, in the country.Yesafili, a vascular endothelial growth factor (VEGF) inhibitor, is a biosimilar to the widely used ophthalmology drug Eylea (aflibercept)), and is used to treat various vision-related conditions.The agreement settled ongoing legal proceedings in the US court of appeals for the Federal Circuit and the US district court for the northern district of West Virginia. While the financial and legal terms of the deal remain confidential, the company confirmed that the settlement allowed it to launch Yesafili in the US market in the second half of 2026, or earlier under certain conditions.“This settlement clears the path for Biocon Biologics to be among the first to bring a reliable, high-quality aflibercept […]

[ad_1] Sunanda Khaitan, Vice President, Lakme MUMBAI: Small packs or ‘minis’ are slowly becoming a rage in the Indian beauty space—consumers want to experiment and expand their basket of make-up and beauty products beyond a lipstick and a kajal but they are seeking the right price. The mass affordability of small packs aside, in a market like India where the challenge for companies is to get more women to use make-up beyond weddings and festivities, they also offer them the flexibility to try new products and make it easy for on the go consumption, said Sunanda Khaitan, vice-president at Lakme, adding that all big brands will increasingly bet on minis. “India is going to get into make-up in minis and India will buy minis in the same experience as the big product. Minis will become big with the Gen Z […]

[ad_1] Chinese app TikTok mock US customers amid tariff war US TikTok users are increasingly encountering a surge of videos from Chinese content creators encouraging Americans to purchase goods directly from Chinese factories—an apparent strategy to sidestep the Trump administration’s tariffs. These viral clips, often filmed at manufacturing facilities purportedly producing for major US brands like Lululemon Athletica Inc. and Nike Inc., emphasize the Chinese origin of many consumer products. “Why don’t you just contact us and buy directly? You won’t believe the prices we offer,” says one creator in a video promoting luxury handbags, according to Bloomberg. In a widely circulated clip, TikTok user @LunaSourcingChina showcases a factory she claims produces Lululemon yoga leggings for just $5 to $6, compared to retail prices exceeding $100 in the US. “The material and craftsmanship are basically the same,” she asserts. Lululemon […]

[ad_1] Global equity markets soared on Tuesday as they adjust to US President Donald Trump temporary reliefs announced for electronics like smartphones and computers from tariffs. The move, seen as a potential easing in trade tensions—particularly with China—sparked a surge in investor optimism across continents. Equities in Asia, Europe, and the US responded with strong gains, while Indian indices rallied sharply after a market holiday on Monday.Sensex and Nifty leapStock markets opened on a high note, with the benchmark indices showing a sharp upward movement. The BSE Sensex jumped over 1500 points points to reach 76,907.63, and the NSE Nifty surged 539.8 points to touch 23,368.35 in early trade. These gains followed previous week's strong closing, where the Sensex rose over 1,300 points and the Nifty advanced nearly 430 points.Among the top gainers on the Sensex were Tata Motors, which […]

[ad_1] Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting April 14, 2025) are Indian Hotels and HPCL. Let’s take a look:Stock NameCMP (Rs)Target (Rs)Upside (%)Indian Hotels78895021%HPCL38245519%Indian Hotels:IHCL’s rapid adoption of asset-light strategy & superior 70-75% EBITDA margins drove 18% CAGR in mngt contract rooms (FY19-24), vs 2% for owned hotels. Expected to account for ~85% of planned room additions in FY26/27. Roots Corp. (RCL), repositioned as lean luxe, achieved 13% revenue and 55% EBITDA CAGRs (FY19-24). Plans for 874 Ginger rooms by FY27 and Qmin integration further leverage managed hotels to sustain growth. New growth segments, Chambers & Taj Sats are expected to contribute 12-14% of IH’s total revenue by FY30E (vs. 2% currently). We estimate adj. PAT to grow at 26% CAGR over FY24–27. With plans to add 8,091 […]