Real-Time MoneyWire is available only to registered users. This is best for professional traders and people who track markets actively.Real-Time MoneyWire is available only to registered users. This is best for professional traders and people who track markets actively.
Exporters, in consultations with the commerce ministry after the US announced a 50% tariff on Indian goods, communicated to the government that they don't want a trade deal with the US at the cost of India's national interests, a top official from the ministry said. Indian goods in the US are now subject to 25% duty, which is set to rise to 50% from Aug. 27. Read more
The Securtities and Exchange Board of India Friday floated a consultation paper which proposes to introduce option of alternative investment funds, exclusively for accredited investors which will have easier regulation framework. The draft circular is open for comments by market participants and public by Aug. 29, SEBI said. Read more
The Securities and Exchanges Board of India Friday introduced a framework for foreign portfolio investors and foreign venture capital investors called single window automatic and generalised access for trusted foreign investors--SWAGAT-FI. This is to seek public comments on proposals to improve ease of investments by simplifying onboarding and ongoing compliances for a specific set of FPIs, SEBI said in a consultation paper. Read more
There has not been a single case of engine failure or breakdown reported since E20, or petrol blended with 20% ethanol, became a base fuel 10 months ago, Petroleum Minister Hardeep Singh Puri said on the sidelines of the Pioneer Biofuels 360 Summit, according to a release from the Ministry of Petroleum and Natural Gas. Read more
By Narayana KrishnaHindalco Industries Ltd. is expected to report a strong year-on-year performance for the June quarter, supported by healthy growth in its domestic aluminium business and higher copper prices, analysts said. However, weakness in global commodity prices and the adverse impact of tariffs on its US subsidiary Novelis Inc. may weigh on overall profitability on a quarter-on-quarter basis, according to analysts. Read more
By Narayana KrishnaSlow growth in overall occupancy and a fall in international patient footfall in the hospitals business are likely to weigh on Apollo Hospitals Enterprise Ltd.'s June quarter consolidated earnings. The Chennai-based healthcare services company is expected to report its lowest net profit growth in seven quarters on a year-on-year basis due to a moderate growth in the hospitals business, according to analysts. Read more
By Aaryan Khanna State Bank of India sharply beat Street estimates on its net profit for the June quarter as profits from treasury operations more than tripled on year. Operating metrics suggested sluggish growth on an annual basis, with the net interest income nearly flat from the year-ago quarter. Read more
Adding fuel to the unravelling relationship between India and the US over New Delhi's economic ties with Moscow, Prime Minister Narendra Modi and Russian President Vladimir Putin on Friday reaffirmed their commitment to further deepen the "special and privileged strategic partnership". In a "very good" and "detailed" telephonic conversation, the two global leaders also reviewed the progress on the bilateral agenda, Modi wrote in a post on X. Read more
The Union Cabinet approved INR 120.60 billion for providing subsidy to beneficiaries under the Pradhan Mantri Ujjwala Yojana in 2025-26 (Apr-Mar). The scheme, which provides a subsidy of INR 300-per-14.2-kg cylinder for up to nine refills in a year, will benefit 103.3 million households, the government said in a release Friday. Read more
By Kabir Sharma and Sagar Sen Corporate credit growth has been a challenge lately for the country's largest public sector bank, the management of State Bank of India said in a post-earnings analyst call on Friday. The bank's corporate loans grew at just 5.7% in the quarter ended June, far slower than the overall loan growth of 11.6% in the same period. Read more
