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Economy

Hindalco-owned Novelis delays US IPO; shares slide

By Manvi Pant BENGALURU (Reuters) -Hindalco Industries said on Wednesday its U.S-based unit Novelis has postponed its initial public offering (IPO) due to weak market conditions, sending shares of

IIT Bombay improved its rank by 31 places in QS World University Rankings

New Delhi , June 5 (ANI): The ranking of the Indian Institute of Technology Bombay (IIT Bombay) has moved from 149th rank to 118th...

Rupee ticks higher on likely cenbank intervention; traders eye equity flows

By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee rose on Wednesday, aided by likely intervention from the central bank after the currency slumped the most in over a year in the previous session

Opt for banking, commodities, IT and Insurance stocks: CLSA makes strategic shift in India portfolio

New Delhi , June 5 (ANI): Indian equity markets, led by 'Modi stocks', had approached the national elections with a lot of conviction in...

Market will remain Volatile, stabilise post budget, don’t change your portfolio: Experts

Mumbai (Maharashtra) , June 5 (ANI): The stock market commenced trading on a slightly positive note today, buoyed by the BJP's victory in the...

Gold rangebound as traders seek more US data for Fed cues

By Sherin Elizabeth Varghese (Reuters) - Gold prices rose slightly on Wednesday helped by lower Treasury yields, but were stuck in a tight range as investors waited for more U.S. data to gauge the

Indian central bank likely intervened in NDF to support rupee, traders say

MUMBAI (Reuters) - The Indian central bank likely intervened in the non-deliverable forwards market to support the rupee on Wednesday, which has been under pressure post the unexpected election

Oil near 4-mth low after OPEC+ supply plan, US stock build

By Emily Chow and Florence Tan SINGAPORE (Reuters) -Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ decision to boost supply later this year and following an

UBS Report: India’s election result sparks concerns of populist policies and delayed reforms

New Delhi , June 5 (ANI): The recent general election results in India have delivered a surprising and somewhat disappointing outcome, with the ruling...

Rupee to count on central bank’s help amid portfolio outflows

By Nimesh Vora MUMBAI (Reuters) - The Indian rupee will rely on the central bank stepping in to defend the currency on Wednesday, amid likely foreign portfolio outflows following the unexpected

On Camera

T20 WC win is a turning point for Indian cricket—now begins the end of Rohit-Kohli era

Heartbreaks, anger, blame game, pressure, efforts, and sacrifices—that has been the story of Indian cricket over the past 13 years. Let's just hope any future interregnum doesn’t last this long.

‘Welfarism not a substitute for job creation’ — TeamLease vice-chairman on India’s fiscal planning

TeamLease’s Manish Sabharwal spoke to ThePrint about how political leaders, for the sake of winning elections, make big welfare-related promises without a proper plan to fund them.

General Upendra Dwivedi who helmed modernisation bid in Northern Command takes over as Army chief

Vice chief of the Army Staff since February this year, General Upendra Dwivedi was the natural contender for the top post.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.