Economy

Mumbai: Gold prices in India on Wednesday surged to an all-time high at Rs 8,432 per gram with an increase of Rs 1,322 as compared to Rs 8,310 on February 4, supported by safe-haven buying amid global uncertainties. According to experts, gold prices touched an all-time high as it is underpinned by safe-haven demand after

Mumbai: The Reserve Bank of India (RBI) is likely to reduce the repo rate by 25 basis points (bps) in its upcoming monetary policy meeting (MPC) announcement, Goldman Sachs predicted on Wednesday. The global financial firm believes the cut is necessary due to rising global uncertainties. According to Santanu Sengupta, the India economist at Goldman

Mumbai: The domestic benchmark indices traded almost flat early on Wednesday, after the stock market experienced a strong upward movement as the US trade tariff tensions eased. After a positive opening, the Sensex and the Nifty were almost flat. At around 9.31 am, Sensex was trading at around 78,595.81, up marginally, while the Nifty was

New Delhi:  SBI economists expect the RBI to announce a 0.25 per cent rate cut in the monetary policy committee meeting on February 7. As the fiscal stimulus of Budget 2025-26 plays out, the RBI at least in the short run has room for rate cuts, according to an SBI Research report released on Tuesday.

Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it handled its highest-ever monthly cargo volume of 39.9 million metric tonnes (MMT) in January, which was up 13 per cent year-on-year. This included containers (+32 per cent YoY) and liquids and gas (+18 per cent). APSEZ has crossed new milestones of handling

Mumbai: Tata Power on Tuesday reported a robust 10 per cent increase in net profit to Rs 1,188 crore for the Oct-Dec quarter of the current financial year compared to the corresponding figure of Rs 1,076 crore in the same period of 2023-24. The Tata Group company said the strong performance was due to better

New Delhi:  India’s Union Budget aligns with the expectations of steady fiscal consolidation, reinforcing a positive outlook on the country’s sovereign credit ratings, according to a report on Tuesday. The central government revised its fiscal deficit estimate to 4.8 per cent of GDP for the year ending March 31, 2025, slightly lower than the earlier

Mumbai: Shares of Tata Chemicals on Tuesday dropped nearly 4 per cent or Rs 35.5 to trade at Rs 911.1 after the company reported a net loss of Rs 21 crore for the third quarter (Q3) ending December 2024. Tata Chemicals’ revenue from operations declined by 3.8 per cent to Rs 3,590 crore in Q3

New Delhi:  Indian offshore rig operators will see their operating profits surge 30-35 per cent in the next financial year, after a 25-30 per growth in the current fiscal year, according to a Crisil Ratings report released on Tuesday. “This increase will be on the back of continued renewal of rig contracts at more than

New Delhi: Global brokerage firm Jefferies on Tuesday initiated coverage on Adani Power Limited (APL), with a buy rating and target price of Rs 660, indicating an upside of 30 per cent from current levels. Adani Power is India’s second-largest thermal power generation company after NTPC, on its journey to raise capacity by 1.7 times