KSE 100 had dropped 7.6% to 101,598.91 on Thursday. (AI image) Operation Sindoor: The Karachi stock exchange has shown signs of recovery on Friday, rising 1.9% after experiencing a significant decline the previous day. The index had dropped 7.6% to 101,598.91 on Thursday, necessitating a one-hour trading suspension due to market instability.The KSE-100 reached 105,467.7…
Gold rate prediction: Gold futures (MCX June 2025 contract) are currently trading in a consolidation phase. (AI image) Gold price prediction today: Where are gold prices headed? Should you buy gold or sell gold? What are the factors that will drive gold rates in the near future? Jateen Trivedi, VP Research Analyst – Commodity and…
MUMBAI: News of India’s retaliatory strikeS on select Pakistani military assets in the intervening night of Wednesday and Thursday left investors jittery during the fag end of Thursday’s session.As a result, after treading steadily for most of the day, thesensex dived sharply during the closing hour and ended 412 points or 0.5% lower at 80,335…
Market uncertainty is likely to continue as participants monitor ongoing developments between India and Pakistan. (AI image) Operation Sindoor impact on Indian stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, are expected to open in red on Friday after continued escalation of tensions between India and Pakistan. Indian stock market’s reaction to…
Investec maintained its ‘sell’ rating on Punjab National Bankwith the target price cut to Rs 85 from Rs 90 earlier. Analysts said the bank’s net interest margin was weak while the return on assets outlook was softening. It reported slower loans growth due to lower retail/corporate disbursements.Analysts expect profitability moderation this year.Morgan Stanley maintained its…
MUMBAI: Reliance Industries withdrew its application to trademark “Operation Sindoor” – the codename for India’s military strikes on terrorist infrastructure in Pakistan – on Thursday after facing social media outrage.On Wednesday, RIL filed an application with India’s patent registry under class 41, seeking to use the phrase for entertainment services like content creation, sporting activities,…
BENGALURU: Ajoy Chawla will take charge as Titan‘s new managing director, effective Jan 1 next year. The current MD, CK Venkataraman’s term, will conclude on Dec 31 this year, adhering to the Tata Group’s retirement guidelines upon reaching superannuation age.Since becoming CEO of Titan’s jewellery division in 2019, Chawla has led the division to significant…
BENGALURU: Netherlands-based global tech investor Prosus invested over $8.6 billion in India, making it one of its strategic markets, CEO Fabricio Bloisi said in a letter to shareholders on Thursday.The update follows Swiggy’s IPO last year and a recent investment in the ride-hailing platform Rapido, which Bloisi said is growing over 100% year-on-year and facilitating…
Mumbai: RBI has eased investment restrictions for foreign portfolio investors in the corporate debt market. This move is likely to deepen market liquidity and align India more closely with global capital flows. RBI announced it will remove both the short-term investment cap and the concentration limit that previously applied to FPIs investing through the general…
BENGALURU/MUMBAI: Canara Bank reported a net profit of Rs 5,070 crore for the March quarter, an increase of 28% over Rs 3,951 crore in the corresponding quarter last year. The bank’s board also proposed a dividend of 200% or Rs 4 per share with a face value of Rs 2.“The increase in profit was because…
