NEW DELHI: Continuing its tirade against mining heavyweight Anil Agarwal‘s Vedanta group, US-based Viceroy Research has alleged that the group’s semiconductor unit was a “sham commodities trading operation”, designed to avoid classification as an NBFC, a charge the conglomerate called baseless.The short seller, which last week published a scathing report about Vedanta Group and followed…
Foreign investors have pulled out Rs 5,524 crore from Indian equities so far in July, turning net sellers after three months of buying, amid US-India trade tensions and mixed earnings. Total outflows for 2025 have now reached Rs 83,245 crore, according to depository data.Himanshu Srivastava, Associate Director – Manager Research, Morningstar Investment Research India, told…
The Reserve Bank of India may have room to cut policy rates amid weak urban consumption and uncertain global demand, according to a report by ICICI Bank.These trends, combined with easing inflation, could prompt the Monetary Policy Committee (MPC) to consider lowering the benchmark interest rate by 25 basis points as early as August. The…
Consumers will soon be able to verify star rating claims on electronic appliances such as air-conditioners, refrigerators, televisions, and washing machines, as they will carry detailed energy efficiency labels aimed to help people make informed choices.According to people familiar with the development,the updated labels are a part of the upcoming ‘Bureau of Energy Efficiency (Appliance…
RIL shares are actually outperforming the Nifty50 benchmark index by the biggest gap seen in five years. (AI image) RIL share price: Shares of Mukesh Ambani-led Reliance Industries are seeing a big rally this year, beating the Indian equity benchmark indices in returns after two years. The rally in RIL stock has added a whopping…
Gold price prediction: Gold prices have shown resilience around key support levels. (AI image) Gold price prediction today: Gold prices have been somewhat stable in the last few days, with safe haven assets being in focus even as global economic uncertainty wanes despite US President Donald Trump’s tariff policies. A strong dollar has capped gains…
US President Donald Trump is planning to reverse environmental regulations introduced during the Biden administration, announcing two years of regulatory relief for coal-fired power plants, chemical manufacturers and other industrial polluters.The decision, framed as a national security measure, was revealed through a series of presidential proclamations issued late on Thursday.The exemptions apply to a broad…
BENGALURU: Wipro’s revenue declined by 2.3% in constant currency during the June quarter, though the drop remained within its projected guidance range of –3.5% to –1.5%.“We started the quarter facing significant macro uncertainty, which kept overall demand muted. Our clients prioritised initiatives with immediate impact, focusing on cost optimisation and vendor consolidation. At the same…
Tata-owned Jaguar Land Rover (JLR) is to cut 500 management jobs in Britain in the wake of US tariffs and a fall in profits. On July 7 the carmaker revealed that its retail sales had plunged in three months to June 30, 2025 by 15.1% and wholesale sales were down 10.7% year-on-year.This largely reflects the…
Byju’s founders Byju Raveendran and Divya Gokulnath are preparing a $2.5 billion lawsuit in India and overseas as the edtech giant battles insolvency proceedings and a legal dispute with Glas Trust, trustee for Term Loan B lenders.According to their legal counsel, the planned legal action will be pursued both in India and internationally, targeting those…