NEW DELHI: After a lacklustre March quarter, National Company Law Tribunal (NCLT) cleared 78 resolution plans in April-June – a record for the quarter — while flagging the capacity constraints that it has to tackle.Latest NCLT data pegged the value of the resolution plans approved in April-June quarter at Rs 5,518 crore, taking the overall…
China’s economy lost pace in the April-June quarter, despite rising exports as weak domestic demand and investment dragged growth to its slowest pace in more than three years. Official data released on Wednesday showed that the economy expanded at an annualised 4.3%, down from 5% in the January-March quarter and below forecasts. Exports continued to…
AI generated image, used only for representational purpose Dalal Street made a strong comeback on Wednesday, reversing previous session’s losses as improving tech sentiments, firmer rupee, and other geopolitical cues boosted investor confidence. BSE Sensex jumped 553 points to 77,603.57 in early trade, while NSE Nifty gained 148.15 points to 24,198.40. The recovery came a…
File photo: Byju Raveendran BENGALURU: The Singapore high court has declined Byju Raveendran’s request to suspend a six-month civil contempt sentence, lifting the temporary protection earlier granted to the Byju’s founder while his appeal against the ruling remains pending.Raveendran’s legal team clarified that the July 9 hearing dealt only with his application to stay the…
Oil prices surged beyond the $85-a-barrel mark on Wednesday as the Middle East once again got embroiled in conflict. Energy supply concerns intensified after the United States reinstated a naval blockade on Iran and fighting between Washington and Tehran escalated, raising fears over crude supplies moving through the Strait of Hormuz.Brent crude and US West…
Gold is expected to remain supported as softer-than-expected US inflation has eased immediate expectations of further Fed tightening. (AI image) Gold price prediction today: Gold prices are likely to see a constructive outlook in the near-term, while silver is supported for the long-term, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares…
NEW DELHI: Output in the air transport sector contracted nearly 14% in April, NSO’s maiden index of services production (ISP) data released Tuesday show – in what could be a reflection of the impact of high fare costs imposed due to increased fuel prices because of the ongoing conflict in West Asia. In contrast, the…
India is emerging as one of the world’s biggest investment opportunities, with global companies increasingly backing its long-term growth story despite carefully weighing risks and returns, according to Harjinder Kang, the UK’s Trade Commissioner for South Asia. The executive said that a proposed Bilateral Investment Treaty (BIT) between the two nations could further strengthen investor…
Gold traders eye US PPI, China GDP after softer inflation shifts Fed outlook Investors turned their attention to key economic data due later on Wednesday after weaker U.S. inflation figures prompted markets to reassess the Federal Reserve’s interest-rate trajectory. A clearer picture of inflation is expected from the U.S. Producer Price Index (PPI), while China’s…
Dalal Street is headed for trade today on a cautious note after ending the previous session in red. Equities remained under pressure as a combination of global and domestic factors weighed on investor sentiment. Rising crude oil prices, renewed geopolitical tensions in the Middle East, persistent foreign fund outflows and a weakening rupee emerged as…
