Stock market today: Dalal street was mostly red on Wednesday, as benchmark indices Sensex and Nifty were dragged down by increasing geopolitical tensions, weak global markets and continuous foreign fund outflows. The Nifty50 slipped below the 25,000 mark to trade at 24,919.80, while the BSE Sensex plunged more than 1,000 points to hit 81,124 in…
MUMBAI: AU Small Finance Bank, which has received RBI nod to convert into a commercial bank, reported a net profit of Rs 667.66 crore for the December 2025 quarter, up 26.3% from Rs 528.45 crore in the corresponding quarter last year. The improvement was driven by strong growth in core earnings and a sharp reduction…
Stocks market in Asia traded mostly red on Wednesday ahead of US President Donald Trump’s speech in Davos, dragged down by a sharp overnight sell-off in the US, rising geopolitical tensions between Washington and Europe over Greenland. In Hong Kong, HSI dipped 39 points or 0.15% to 26,447 at 10:40 AM IST. Nikkei also traded…
Rupee hit a new low on Wednesday, falling 23 paise to reach 91.20 against the US dollar in early trade, extending its downward streak. Earlier on Tuesday, the currency had closed at a record low of 90.97, down 7 paise amid strong demand for dollars from metal importers and continued foreign fund outflows that weighed…
Union minister Ashwini Vaishnaw on Wednesday clarified that while India remains engaged with major global powers, the World Economic Forum (WEF) at Davos is largely a platform for the exchange of ideas rather than a venue for formal group-to-group trade negotiations.Responding to a query on whether India would hold meetings with the US delegation at…
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) exposure to the equity market has for the first time reached 10%, as the retirement fund body looks for avenues to augment its income to sustain the persistent high annual returns amid falling govt bond yields, where nearly 85% of its investible corpus is parked.“EPFO is allowed…
MUMBAI: Inspira Global, which owns the Chinese Wok brand, is acquiring Burger King India operator Restaurant Brands Asia (RBA). As part of the deal, Everstone Capital will exit RBA by selling its entire 11.3% stake to Inspira Global for about Rs 460 crore. The quick service restaurant space has been going through a slowdown on…
MUMBAI: The rupee weakened for a fifth consecutive session on Tuesday, closing at 90.98 to a dollar, down 7 paise from the previous session, after breaching the 91 mark and sliding to a one-month low intraday amid rising geopolitical tensions and sustained selling in domestic equity markets.The currency opened marginally weaker and slipped to 91.05…
MUMBAI: Uncertain political and economic environment, combined with weakness of the dollar and rising industrial demand for silver pushed gold and silver prices to record levels on Tuesday, both in the international and domestic markets.Gold broke above the Rs 1.5 lakh/10gm mark for the first time while silver traded above the Rs 3 lakh/kg mark,…
MUMBAI: A weakening rupee is pushing Toyota to accelerate localisation and exports from India.“It (weaker rupee) pushes us for more localisation, but it also pressurises us for exports,” Tadashi Asazuma, deputy MD of Toyota Kirloskar Motor, told TOI in an interview ahead of the launch of the company’s first electric vehicle in India. The rupee…
