Indian equities are facing a more cautious outlook, with JPMorgan cutting its rating on the market to neutral from overweight. The brokerage warned that the Nifty 50 could drop to 20,500 in a worst-case scenario, which would mean a fall of around 15% from current levels. It stated that high valuations and uncertainty linked to…
BENGALURU: Infosys shares fell 6% in early NYSE trade after the company forecast broad-based revenue growth of 1.5% to 3.5% for FY27, while maintaining that underlying demand remains resilient despite geopolitical uncertainty. Its operating margin guidance remains unchanged at 20%-22%.For the March quarter, revenue grew 4.1% year-onyear in constant currency but declined 1.3% sequentially. In…
India-US trade deal: India and the United States have agreed to continue their engagement on a proposed trade agreement, with the government confirming on Friday that the latest round of discussions between officials from both countries wrapped up on April 23 after three days of talks.On February 7, the two countries had issued a joint…
Manoj Kumar Jain of Prithvi Finmart told ET that he expects gold and silver prices to remain highly volatile during today’s trading session. He attributes this to ongoing movement in the dollar index, fluctuations in crude oil prices, and lingering uncertainty surrounding a potential peace agreement between the United States and Iran. For gold in…
File photo: FM Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Thursday urged banks to strengthen cybersecurity systems and adopt a more proactive approach to tackle emerging threats linked to advanced artificial intelligence models, particularly amid concerns over Anthropic’s “Claude Mythos”.Chairing a high-level meeting with bank chiefs alongside IT minister Ashwini Vaishnaw, Sitharaman directed lenders…
MUMBAI: Reserve Bank of India ramped up dollar purchases in Feb, signalling a shift to rebuilding forex reserves after the rupee stabilised following the US–India trade deal announcement in the same month.Despite heavy spot purchases, net forward sales stood at $77.7 billion, indicating continued reliance on forward markets. While Feb did provide an opportunity for…
The corporate world rarely loosens its grip on formals, think crisp linen shirts, sharp tailoring, and neatly put-together office wear. But Tokyo’s workforce may have found an escape. In a bid to beat the heat and cut back on electricity use, the metropolitan government is now letting its employees clock in wearing shorts, as rising…
Consumer goods companies in India are facing a sharp rise in input costs due to the ongoing war in the Middle East. Surging raw material prices are forcing firms to track costs on a near-daily basis, review pricing frequently, and focus on short-term decisions instead of long-term planning.As firms are struggling with volatile input costs,…
MUMBAI: Bank lending is back in favour. In FY26 it reclaimed primacy in financing India’s commercial sector, its share of total resource flows climbing to a three-year high, as per RBI’s April bulletin.The shift is stark. Total resource flows reached Rs 44.7 lakh crore in FY26, while nonfood bank credit surged to Rs 29.2 lakh…
A key driver behind today’s downturn was the worsening standoff between Iran and the United States. (AI image) Stock market crash today: Nifty50 and BSE Sensex continued their downward streak on Friday, dropping on negative global cues and weak sentiment in IT stocks. The stock market is under pressure for a third straight session, with…