Shares of software and IT services companies plunged Tuesday after International Business Machines (IBM) reported preliminary results that missed analyst expectations, reigniting questions about the sector.IBM shares plummeted as much as 26%, on track for their biggest one-day drop since at least 1968. The company reported that it missed expectations because customers shifted capital spending…
NEW DELHI: Output in the air transport sector contracted nearly 14% in April, NSO’s maiden index of services production (ISP) data released Tuesday show – in what could be a reflection of the impact of high fare costs imposed due to increased fuel prices because of the ongoing conflict in West Asia. In contrast, the…
Oil prices surged beyond the $85-a-barrel mark on Wednesday as the Middle East once again got embroiled in conflict. Energy supply concerns intensified after the United States reinstated a naval blockade on Iran and fighting between Washington and Tehran escalated, raising fears over crude supplies moving through the Strait of Hormuz.Brent crude and US West…
File photo: Byju Raveendran BENGALURU: The Singapore high court has declined Byju Raveendran’s request to suspend a six-month civil contempt sentence, lifting the temporary protection earlier granted to the Byju’s founder while his appeal against the ruling remains pending.Raveendran’s legal team clarified that the July 9 hearing dealt only with his application to stay the…
NEW DELHI: After a lacklustre March quarter, National Company Law Tribunal (NCLT) cleared 78 resolution plans in April-June – a record for the quarter — while flagging the capacity constraints that it has to tackle.Latest NCLT data pegged the value of the resolution plans approved in April-June quarter at Rs 5,518 crore, taking the overall…
Top stocks to buy today (AI image) Stock market recommendations: Route Mobile, Tata Power, and Dr. Reddy’s Laboratories – these are the top stocks to buy picked by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 15, 2026. Route Mobile: Bullish Breakout Signals Fresh Upside PotentialBuy: Rs 584–Rs 575 | Stop…
NEW DELHI: Driven by an uptick in food prices and pressure on energy prices due to the West Asia conflict, wholesale price index (WPI) based factory gate inflation surged for the ninth consecutive month to touch a 27-month high of 9.9% in June, as against 9.7% in May, official data showed.Similarly, the inflation in output…
MUMBAI: Gautam Adani and his family’s Adani Properties were the biggest gainers in India’s real estate industry, adding Rs 38,000 crore to reach Rs 90,400 crore in valuations, with a 73% surge in wealth.According to the 2026 GROHE-Hurun India list of the country’s top 151 property companies released on Tuesday, Adani Properties moved four places…
MUMBAI: Reserve Bank of India has proposed changes to bank shareholding norms to ease investment by domestic institutional investors, while tightening disclosure and monitoring to maintain regulatory oversight. The amendments will make it easier for fund managers that are part of a financial conglomerate to acquire shares in private banks without triggering acquisition norms.RBI has…
Returns From ECBs, Foreign Currency Bonds On Wait & Watch Due To Longer Durations MUMBAI/NEW DELHI: Bankers expect India to draw $80-85 billion of foreign capital through the RBI’s swap-backed push spanning FCNR(B) deposits, external commercial borrowings and overseas foreign currency bonds issued by banks, though the timing of inflows is likely to be uneven…
NEW DELHI/MUMBAI: Government has begun the exercise to decide on the process for sale of its stake in IDBI Bank and is looking to speed up the process months after rejecting bids that were below the reserve price.Two high-powered meetings of officials took place on Monday, govt officials said, with focus on two qualified bidders-Prem…
GTRI highlighted that tariff cut alone won’t raise exports unless certifications and logistic processes ease NEW DELHI: After years of negotiations and an over year-long implementation process, the free trade agreement between India and the UK is set to be rolled out Wednesday, opening up the possibility of Indian exporters competing more favourably with shipments…
