[ad_1] India’s readymade garment industry is bracing for a tough fiscal ahead, with revenue growth forecast to slow to just 3-5% over the period, nearly half the pace seen last year.This slowdown hurt credit indicators for industry players and led to weaker profitability, according to a recent report by Crisil Ratings. PM Modi’s Defiant ‘MAKE…
[ad_1] HDFC Bank, India’s largest private sector lender by market value, experienced a technical price adjustment on Tuesday as its shares commenced trading ex-bonus on the NSE and BSE, following the implementation of its 1:1 bonus share distribution.The bank’s decision to issue one additional equity share for every existing share was intended to enhance trading…
[ad_1] The Asian Development Bank is set to finance improvements to Pakistan’s railway infrastructure, taking over from China following extended delays in securing Chinese funding that risked affecting a crucial mining venture, according to sources quoted by Reuters.The initial plan for renovating 1,800 km of railways was a key component of China’s $60 billion investment…
[ad_1] Indian refiners, who are major purchasers of Russian crude oil, intend to reduce their imports in the coming days. (AI image) Indian refiners’ crude oil procurement from Russia is set to reduce in the coming weeks, albeit modestly. The move comes at a time when the Donald Trump administration has imposed a 25% additional…
[ad_1] Banks across several states will remain closed on Wednesday, August 27 on account of Ganesh Chaturthi. According to the Reserve Bank of India’s (RBI) holiday calendar, banks in Gujarat, Maharashtra, Bengaluru, Odisha, Tamil Nadu, Telangana, Goa and Andhra Pradesh will not be operational for the day. While physical branches will remain closed, customers can…
[ad_1] Indian stock markets will suspend operations on Wednesday, August 27 on the occasion of Ganesh Chaturthi. This represents the second market holiday in August, following the earlier closure on August 15 for Independence Day celebrations, apart from the routine weekend offs.Operations at both BSE and NSE will cease completely for the day, affecting all…
[ad_1] Gold price prediction: Gold needs to take out strong resistance at $3,410 to target the next resistance at $3,450. Support is at $3346 (Rs 99,800)/$3319 (Rs 98,900). (AI image) Gold price prediction today: Gold rates are expected to rise with the US Federal Reserve Chairman Jerome Powell signalling rate cuts. The Donald Trump administration’s…
[ad_1] Diamond jewellery, textile and marine product exporters are rushing to clear US orders via air and sea before August 27, when President Trump’s proposed 25 per cent additional tariff on Indian imports takes effect. Over the past week, exporters completed pending US orders mainly through sea transport, while using air cargo—despite higher costs—for final…
[ad_1] Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, Sun Pharma, and Bharti Airtel are the top stocks to buy today:Sun Pharma – Buy in the range between Rs 1652 & Rs 1665; Stop Loss: Rs 1616; Target: Rs…
[ad_1] Bengaluru: The Qatar Investment Authority (QIA), through its subsidiary Qatar Holding, has approached the Karnataka high court to enforce an arbitral award of $235 million (about Rs 2,060 crore) against Byju Raveendran and his investment vehicle, Byju’s Investments (BIPL). The claim includes interest of 4% per annum, compounding daily from Feb 28, 2024, which…