Latest business news
US private payrolls post smallest gain in over two years in May US service sector unexpectedly contracts in May; inflation heats up Trump says Fed’s Powell must lower interest rate US doubles steel duties on Wednesday, to receive ‘best offers’ from trade partners Trump to speak this week with China’s Xi amid clash over tariff…
The proposal would essentially allow the PSU to delist itself, either to go private, merge with another company, or because the costs of being publicly listed outweigh the benefits. Sebi said the move would benefit PSUs with very low public shareholding and/or weak financials, as noted in the 6 May consultation paper. It reasoned that…
D-Street Ahead: Domestic equity benchmarks Sensex and Nifty 50, limiting their weekly gains, weighed by broad-based sectoral losses and investor anxiety over geopolitical tensions following a deadly militant attack in Kashmir. The Nifty 50 fell 0.86% to 24,039.35 while the BSE Sensex lost 0.74% to 79,212.53. Both the benchmarks rose about 0.8% each this week….
D-Street Ahead: The Nifty 50 ended 1.8% higher at 23,851.65, while the BSE Sensex added 1.96% to end at 78,553.2 ahead of the Good Friday holiday. The indexes rose 4.5% in the holiday-truncated week, while their major Asian peers underperformed due to the uncertainty over U.S. tariffs and worries about their effect on economic growth….
Equity benchmarks closed the week on a subdued note, ending with modest losses amid heightened volatility. The holiday-shortened week began on a weak footing, with a sharp gap- down triggered by global concerns. However, sentiment improved significantly in the subsequent sessions, helping the Nifty and Sensex trim losses and settle at 22,828.50 and 75,157.26 respectively,…