Business

The US has sanctioned an Indian company, Farmlane Private Limited, and 31 other individuals and entities for aiding Iran’s missile and drone development. These networks, operating globally, allegedly procured hundreds of metric tonnes of missile propellant ingredients for Iran’s defense industries. The sanctions aim to disrupt Iran’s weapons capabilities and its access to the global…

Top stock market recommendations: Nuvama Professional Clients Group’s Deputy Vice President, Aakash K Hindocha, recommends Bajaj Auto, Minda Corporation, and Union Bank of India as top buy calls. He anticipates Nifty and Bank Nifty to continue their upward trajectory.

Dalal Street witnessed a significant rally on Wednesday, with Sensex and Nifty closing up by 0.7% each. Positive exit polls from Bihar and progress in US-India trade talks boosted investor sentiment. The end of the US government shutdown also contributed to the global market uplift, positively impacting Indian indices.

A Sebi panel proposed stricter conflict-of-interest rules for top officials, including mandatory asset disclosures and insider status. It recommended an ethics office and a two-year post-retirement cooling-off period. The report highlighted inconsistencies in existing codes and called for robust recusal mechanisms, aiming to enhance transparency and accountability within the regulator.

Retail inflation hit a record low of 0.3% in October, driven by GST rate cuts and a sharp decline in food prices. This significant drop, the lowest in the current CPI series, has fueled expectations of an interest rate cut by the RBI in December.

US small businesses are grappling with a severe cash crunch due to the prolonged government shutdown, now in its seventh week. Owners are cutting costs, delaying payments, and considering layoffs as federal contracts and funding halt. This uncertainty is disrupting operations, with some facing project cancellations and significant financial strain, impacting their ability to recover…

AI firm Anthropic is launching a $50 billion plan to build a new network of data centers, initially in Texas and New York, in collaboration with Fluidstack. This ambitious expansion aims to power its growing AI tools and services, driving scientific breakthroughs and creating jobs. The move reflects a global surge in demand for AI…

The Union Cabinet has approved a Rs 25,060 crore Export Promotion Mission to consolidate existing schemes and support sectors facing tariff challenges. This six-year initiative, from FY 2025-26 to FY 2030-31, will offer integrated sub-schemes like Niryat Protsahan and Niryat Disha to boost MSME exports.

Indian markets are buzzing as US stocks edged higher, nearing record highs on easing government shutdown fears and a tech rebound. Chip stocks like AMD and Nvidia are leading the charge, boosting investor confidence. Despite economic concerns from the shutdown, global markets show a positive trend, with European and Asian indices also climbing.