Asian stock markets slipped on Friday after a court ruling in the United States that gave president Donald Trump’s tariff policies a temporary reprieve. The stocks had improved the previous day when a lower court had termed them unconstitutional. The Nikkei in Tokyo and the Hang Seng in Hong Kong dropped 1.4% on Friday, while … Read more
Mumbai: ended on a positive note on Thursday, but gains were muted compared with other Asian markets, which rose after a US federal court ruled that US President Donald Trump’s reciprocal tariffs were illegal and blocked his plan to impose broad import duties under emergency powers. NSE’s Nifty gained 81.15 points, or 0.33%, to close … Read more
New Delhi: Shares of Ola Electric on Friday dropped nearly 10 per cent after the firm reported a consolidated net loss of Rs 870 crore in the fourth quarter ended March 31, 2025. The stock tanked 9.71 per cent to Rs 48.07 on the BSE. At the NSE, it tumbled 9.72 per cent to Rs 48.06. … Read more
The Union finance ministry on Friday said it has reviewed the Reserve Bank of India’s draft rules on gold loans and recommended excluding borrowers with loans under Rs 2 lakh from the new guidelines. The suggestion aims to protect small borrowers, especially in rural areas, from any unintended difficulties the proposed rules might cause. This … Read more
Investors booked profits in amid volatility linked to Trump-era tariff concerns, with June gold futures on the opening lower by Rs 592, or 0.62%, at Rs 94,797 per 10 grams on Friday. This came despite preliminary GDP data showing a contraction, which had boosted bullion’s safe-haven appeal in the previous session. Despite ongoing price swings, … Read more
Life Insurance Corporation of India (LIC) has subscribed in full to Adani Ports and Special Economic Zone’s non-convertible debenture (NCD) issue worth 5,000 crore, reflecting the port operator’s ongoing strategy to refinance short-term debt with longer-term, lower-cost borrowings. The 15-year bond, which carries a coupon rate of 7.75 percent, was issued on Thursday and represents … Read more
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Friday said it has successfully raised Rs 5,000 crore through a 15-year Non-Convertible Debenture (NCD). Backed by APSEZ’s strong financials and a ‘AAA/Stable’ domestic credit rating, the issue locked in a competitive coupon rate of 7.75 per cent per annum and was fully subscribed by … Read more
Indian shrimp exporters will see a marginal 2-3 per cent uptick in revenues this fiscal (FY26) on improved realisations stemming from rising prices and currency gains, a Crisil report said on Friday. Though the low-value-added shrimp exports will likely see increased pressures, Indian exporters have a competitive advantage in the value-added segment over other Asian … Read more
The Finance Ministry said on Friday it has suggested that the Reserve Bank of India (RBI) should exclude small borrowers of up to Rs 2 lakh from the provisions of its draft directions on lending against gold collateral. The Finance Ministry has also suggested that the implementation of the guidelines be postponed to next year. … Read more
Gold Price Today 29 May 2025: In Patna, 22 carat gold is being sold at Rs 89,390 while 24 carat gold is being sold at Rs 97,520 per 10 grams. In Mumbai, 22 carat gold is being sold at Rs 89,340 while 24 carat gold is being sold at Rs 97,470. Gold Price Today: After the … Read more