Business

The rupee gave up early gains and settled 18 paise lower at 86.70 against the US dollar on Monday, pressured by persistent month-end dollar demand from importers and caution ahead of key trade and monetary policy decisions.After opening at 86.47 at the interbank foreign exchange, the domestic unit briefly strengthened to an intra-day high of…

While benchmark indices like the Nifty 50 and Nifty 500 have rebounded and now sit 5–6% below their September 2024 record highs, a majority of the broader market continues to lag, with over 60% of NSE 500 stocks still trading more than 20% below their 2024 peaks, according to an ETIG study.The surge earlier in…

PIF achieved a 62.9 Brand Strength Index score with an A+ rating, ranking second among sovereign wealth funds in 2025/ Image: PIF TL;DR PIF tops global SWF rankings with $1.2B brand value and fastest growth. BlackRock leads asset managers, followed by JP Morgan and Vanguard. PIF’s strength is driven by strategic investments, branding, and governance…

TCS layoffs: NITES has written a letter to Union labour minister Mansukh Mandaviya, voicing concerns regarding the mass sackings. (AI image) The news of TCS layoffs has led to Nascent Information Technology Employees Senate (NITES) writing to Labour Minister Mansukh Mandaviya. India’s biggest IT services firm, Tata Consultancy Services (TCS) on Sunday said it would…

Gold prices declined by Rs 500 to Rs 98,020 per 10 grams in the national capital on Monday, marking the fourth straight day of losses, as investor demand weakened after a trade deal between the US and the European Union reduced safe-haven interest. The data was released by the All India Sarafa Association.On Saturday, gold…

India’s industrial output growth slipped to a 10-month low of 1.5% in June 2025, dragged down by contractions in mining and electricity production due to the early arrival of the monsoon, according to official data released by the National Statistical Office (NSO) on Monday.In comparison, factory output as measured by the Index of Industrial Production…

Coal and Mines Minister G Kishan Reddy on Monday informed Parliament that promising reserves of rare earth elements (REE) have been discovered in the Singrauli coalfields of Madhya Pradesh, following detailed research and appraisal by Coal India Ltd (CIL).REEs — including elements like scandium and yttrium — are essential components in clean energy systems, electronics,…

Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, Shyam Metalics and Energy Ltd, and Cipla are the top stock picks for this week. Here’s his view on Nifty, Bank Nifty for the week starting July 28, 2025:Nifty View:The benchmark Nifty index has…

TCS is now facing opposition from IT sector employee organisations following their announcement of workforce reduction. (AI image) TCS layoffs are being opposed by IT sector employee unions, with the latter seeking withdrawal of the move. Tata Consultancy Services (TCS), India’s biggest IT services firm, on Sunday announced plans to lay off over 12,000 employees,…

India-US trade deal: India would prioritise national interests over meeting deadlines in trade negotiations. (AI image) India-US trade deal: India is exercising caution in its trade negotiations with the US. This careful approach stems from complications in America’s recent agreement with Japan, alongside ongoing difficulties in finalising deals announced by President Donald Trump with Indonesia…