Business

Stock market recommendations: Somil Mehta of Mirae Asset Sharekhan recommends buying Apl Apollo Tubes Ltd, anticipating an uptrend after a flag pattern breakout, with targets set at Rs 1790. CDSL is also recommended for purchase, following a bullish consolidation breakout, aiming for a target of Rs 1670, as it resumes its upward trajectory.

China criticizes the United States’ 50% tariffs on Indian imports. China calls the move unfair and unreasonable. Ambassador Xu Feihong emphasizes strong India-China ties for global development. The US imposed additional levies linked to India’s Russian crude purchases. President Trump defends the measures and warns of further action. He claims India offered a no-tariff deal.

PNC Financial Services is set to acquire FirstBank for $4.1 billion, significantly boosting its retail banking presence in the US. This acquisition will establish PNC as the largest bank in Denver and expand its Arizona network, increasing its total assets to approximately $575 billion. The deal underscores PNC’s aggressive growth strategy through acquisitions and organic…

LG Electronics is set to launch its Indian subsidiary’s IPO in October, aiming to raise ₹15,000 crore. This would be the largest IPO of 2025 so far, with LG divesting 15% of its Indian arm. The offering follows Hyundai’s successful IPO last year. Initial plans for an April-May launch were delayed due to global economic…

India’s nationwide rollout of E20 fuel, a petrol blend with 20% ethanol, has triggered public anxiety due to concerns about its impact on older vehicles, as many manuals only recommend E5 or E10.

Addressing DialogueNEXT in India, ICAR Director General Mangi Lal Jat emphasized the need for farmer-centric solutions to global agri-food challenges. He advocated for increased investment in science, innovation, and partnerships. India’s rapid agricultural transformation positions it as an innovation hub for smallholder agriculture in the Global South, focusing on delivering transformative solutions to farmers.

US President Donald Trump’s ‘Made-in-USA’ dreams face setbacks as immigration raids, like the one at the Hyundai-LG battery facility in Georgia, disrupt essential workforce. The crackdown may lead to project delays and anxieties among South Korean investors, despite trade agreements and investment pledges. Visa issues and strict regulations further complicate the situation, hindering the deployment…

Infosys, India’s second-largest IT company, announced that its board of directors will meet on September 11, 2025, to consider a proposal for a buyback of its fully paid-up equity shares. The decision will align with SEBI regulations. Previously, in 2022, Infosys executed a ₹9,300 crore share buyback via the open market, with a maximum price…