De Beers, one of the world’s leading diamond brands, expects retail diamond prices to remain firm amid strong demand. It anticipates the domestic diamond market to rise from $8.5 billion to $18 billion by 2030. Amit Pratihari, MD, De Beers India, said contrary to the general market perception, retail natural diamond prices are rising steadily…
Representational image | Photo Credit: Special Arrangement The rupee pared its initial losses and settled for the day higher by 3 paise at 85.69 (provisional) against the U.S. dollar on Wednesday (March 26, 2025), supported by a resurgence of foreign fund inflows. Forex dealers said the rupee faces renewed pressure on liquidity constraints, concerns over…
Bank of America Securities (BofA Securities) cut investment ratings for Swiggy and Zomato. File | Photo Credit: PTI i Bank of America Securities (BofA Securities) cut investment ratings for Swiggy and Zomato as the profitability of the two quick commerce companies are not expected to improve in the coming year, according to its research note….
Representative image | Photo Credit: Reuters Stock markets snapped the seven-day winning run on Wednesday (March 26, 2025) with benchmark Sensex tanking 728 points due to profit-taking in banking and IT shares ahead of monthly expiry of derivatives contracts. The 30-share BSE Sensex declined by 728.69 points or 0.93% to settle at 77,288.50 as 25…
Representational image of the WeWork logo | Photo Credit: Reuters SEBI has put the initial public offering (IPO) of premium flexible workspace operator WeWork India Management Ltd in “abeyance”, an update with the markets regulator showed. The Embassy Group-promoted firm, which filed its draft IPO papers on January 31, planned to offer 4.37 crore shares…
Representational file image. | Photo Credit: C. Venkatachalapathy The rupee weakened by 6 paise to 85.78 against the U.S. dollar in early trade on Wednesday (Market 26, 2025), weighed down by a negative trend in domestic equities and the recovery of the American currency in the overseas market. Forex dealers said the rupee faced renewed…
Representational file image. | Photo Credit: Reuters Stock markets gave up early gains and slipped in the negative territory on Wednesday (March 26, 2025) after a seven-day rally due to emergence of profit-taking. The 30-share BSE benchmark Sensex climbed 150.68 points to 78,167.87 in early trade. The NSE Nifty went up by 67.85 points to…
India has discontinued parts of a scheme that encouraged households and institutions to deposit idle gold in exchange for interest payments. The gold monetisation scheme, introduced in 2015, included gold deposits for 1-to-3 years, 5-to-7 years and 12-to-15 years. The 5-to-7 and 12-to-15 year deposits have been discontinued, the finance ministry said late on Tuesday,…
Labour and Employment Secretary Sumita Dawra said that stabilising the centralised database will take around two to three weeks, following which the front end for UPI integration will be made ready. File | Photo Credit: The Hindu The Employees’ Provident Fund Organisation (EPFO) is set to introduce UPI integration for claims processing, a move aimed at…
A file image is used for representational purpose only. | Photo Credit: Reuters India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources with knowledge of the matter said, the biggest cut in…
