Business

Indian industry leaders on Thursday welcomed the signing of the India-UK free trade agreement (FTA) as a “transformational milestone” for bilateral economic relations, praising its potential to expand exports, boost investment, and catalyse joint ventures across multiple growth sectors.Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises and Co-Chair of the India-UK CEO Forum, said…

Union Pacific reported a robust second-quarter adjusted profit of $1.8 billion, or $3.03 per share, exceeding Wall Street’s expectations amid ongoing merger speculation with rival Norfolk Southern, the smallest of the six major US freight railroads.The Omaha-based rail giant said its operating revenue grew 2% year-on-year to $6.2 billion. Analysts had expected earnings of $2.91…

The Centre will issue a new regulation next week to improve oversight and transparency in India’s vegetable oil sector, Food Secretary Sanjeev Chopra said on Thursday.The new framework, titled the 2025 Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order, will replace the existing 2011 order, PTI reported. It introduces mandatory digital reporting of edible…

We take a look at how India and Indians stand to benefit from the free trade agreement with the UK. (AI image) India-UK free trade deal: The landmark India-UK free trade agreement (FTA) was signed on Thursday in the United Kingdom in the presence of PM Narendra Modi and UK PM Keir Starmer. India stands…

India-UK Trade Deal (AI image) India-UK free trade deal: In a historic step, the India-UK free trade agreement (FTA) was signed in the presence of PM Narendra Modi and UK PM Keir Starmer. The trade deal which was agreed upon in May this year, was signed on Thursday during PM Modi’s visit to the United…

Mutual funds focused on midcap stocks have delivered stronger long-term returns for investors using systematic investment plans (SIPs), outperforming smallcap funds over longer periods.According to a study by Equirus Credence Family Office, the Nifty Midcap 150 Total Returns Index (TRI) generated an average return of 17.3% over 10-year rolling periods, compared to 15.1% for the…

Indian company Ideal Detonators Private Limited dispatched two HMX consignments in December. (AI image) Amidst ongoing Russia-Ukraine conflict, an Indian firm exported explosives to Russia despite warnings of sanctions from the US. According to a Reuters report, an Indian enterprise exported HMX, an explosive compound with military applications, with an export value of $1.4 million…

Bernstein reduced its price target for IEX to Rs 122 from Rs 160, whilst keeping a ‘Market-Perform’ rating. (AI image) IEX share price today: The Indian Energy Exchange (IEX) shares dropped 15% to their lower circuit at Rs 159.7 on BSE on Thursday following the Central Electricity Regulatory Commission’s (CERC) official approval to implement market…

Tesla reported weaker-than-expected results for the April–June quarter, posting its biggest revenue drop in over a decade and a notable decline in profits. The Elon Musk-led electric vehicle (EV) giant is facing headwinds from reduced government support and softening demand, even as it pushes ahead with ambitious plans for autonomous driving and new vehicle models.For…

Gold price prediction: With positive momentum building, and strong global cues, MCX Gold may continue its northward journey in the near term. (AI image) Gold and silver price prediction today: Gold prices may test the Rs 101,700 levels in the near future on the back of overall bullish sentiments, say analysts. Silver prices too suggest…