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India Inc’s Q4 earnings are much better than estimated, according to Vinod Nair, Head of Research, Geojit Investments. In an interaction with Business Today, the market watcher said the broad market has done well with profit after tax (PAT) growth of 12% YoY. Companies within the Nifty50 index posted earnings growth of 6-7%, surpassing the forecast of 0-3%. This is estimated to marginally upgrade the India EPS forecast for FY25 and FY26. He also believes Read More

Shares of the National Stock Exchange (NSE) in the unlisted market have surged to a record high of Rs 2,300 after at least two media reports emerged that the exchange is working towards settling the long-standing co-location case with the Securities and Exchange Board of India (SEBI). It revives the hopes of NSE IPO that has long been stuck. The development comes as both NSE and SEBI have reportedly restarted discussions to arrive at a Read More

US President Donald Trump at a rally in Pennsylvania announced that the United States would double steel tariffs from 25% to 50%, from next week onwards, while promoting the partnership between Japan’s Nippon Steel and US Steel. Later, taking to his Truth Social account, Trump wrote, “It is my great honour to raise the Tariffs on steel and aluminium from 25% to 50%, effective Wednesday, June 4th. Our steel and aluminum industries are coming back Read More

Chief Economic Adviser (CEA) Anantha Nageswaran said that the Indian economy is performing well and may achieve a growth rate at the upper end of its 6.3-6.8 per cent projection, provided there are continued measures to promote foreign direct investment and an increase in capital investment by the private sector, along with boosted urban consumption. “All in all, given the global environment, our economy is doing quite well,” the CEA told reporters on Friday at a virtual Read More

India halved the basic import tax on crude edible oils to 10 per cent on Friday, the government said, as the world’s biggest vegetable oil importer tries to bring down food prices and help the local refining industry. The customs duty applies to crude palm oil FCPOc3, crude soy oil BOc2 and crude sunflower oil. It will effectively bring down the total import duty on the three oils to 16.5 per cent from earlier 27.5 Read More