JP Morgan maintained its underweight rating on Tata Technologies with the target price cut to Rs 570 from Rs 580 earlier. Analysts said the company’s April-June numbers were a mixed one with a beat on revenues while margins were missed. They said deal closures and ramp-ups improved gradually from April to June. They expect the…
US President Donald Trump claimed on Wednesday that Coca-Cola has agreed to swap high-fructose corn syrup for real cane sugar in its soft drinks sold in the United States, following his personal request to the company.“I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have…
The National Highways Authority of India (NHAI) took a step towards sustainable development, announcing that its greenhouse gas (GHG) emissions intensity has been reduced to 0.8 MTCO₂e per kilometre from 1.0 MTCO2e/km. This drop comes even as national highway construction rose by 20% in FY 2023–24, the agency said in its latest Sustainability Report.The comprehensive…
NITI Aayog is working on a strategy for Indian Railways to bring in cash from sources other than fare.The agency is planning to focus on asset monetisation, public-private partnerships in station redevelopment, and identifying fresh revenue streams.The government’s think-tank has invited proposals to carry out a research study on how Indian Railways can boost its…
Hospitality major ITC Hotels Ltd on Wednesday reported a 53% rise in consolidated net profit to Rs 133.71 crore for the June quarter, up from Rs 87.16 crore in the year-ago period, driven by strong growth in room and food service revenues.The hotel arm of ITC said it is targeting to operate 220 hotels and…
Goldman Sachs posted a 20% year-on-year jump in net profit for the second quarter of 2025, reaching $3.5 billion, driven by robust gains in its financial advisory business and equities trading division, news agency AFP reported.Total revenue for the quarter rose 15% to $14.6 billion, with the investment banking giant topping analyst expectations. Goldman attributed…
A negotiating team is in Washington for another round of trade deal talks, with both nations working towards finalizing a tariff rate below 20%. (AI image) India-US trade deal: US President Donald Trump has said that America is eyeing market access into India, on the same lines as the one Indonesia has granted it as…
Consumer inflation in India is projected to ease to an average of 4% in the current financial year, down from 4.6% in FY25, according to the latest report by Crisil. The rating agency attributed the expected moderation to softer food prices, aided by above-normal monsoon forecasts from the Indian Meteorological Department (IMD), and lower global…
US President Donald Trump said on Wednesday that he is not currently planning to remove Federal Reserve Chair Jerome Powell, though he sharply criticised the central bank chief’s performance.“He’s doing a lousy job but no, I’m not talking about that,” Trump told reporters when asked if he was considering Powell’s dismissal, AFP reported. However, he…
US stock indices rose on Wednesday after a better-than-expected wholesale inflation report lifted hopes that the Federal Reserve may resume rate cuts later this year.The S&P 500 inched up 0.2% in early trading, nearing its all-time high set last week. The Dow Jones Industrial Average climbed 170 points or 0.4%, and the Nasdaq composite hovered…