Business
Global markets today: World shares slip after US stocks hit new highs; tariff deadline casts shadow
Global stock markets experienced a downturn on Friday, influenced by investor apprehension surrounding the impending July 9 tariff deadline set by President Trump. European markets opened lower, while Asian markets displayed mixed performance. Wall Street’s recent gains, driven by a strong US jobs report, contrasted with the prevailing unease over potential trade friction, impacting commodity…
Adani Group highest bidder for Jaiprakash Associates; leads race to acquire JAL: Report
Adani Group has emerged as the frontrunner to acquire Jaiprakash Associates with a bid of Rs 12,500 crore, amidst competition from other major players. The financially strained infrastructure firm received six resolution proposals aimed at taking over the entire company, which holds significant real estate assets and hospitality establishments.
Trent share price today: Stock drops around 9% after slower growth outlined at AGM; Nuvama downgrades
Trent Ltd.’s shares plummeted 8.7% after its AGM revealed a projected revenue growth slowdown to 20% for Q1FY26, significantly lower than the previous 35% CAGR. Nuvama brokerage downgraded the stock to ‘hold,’ reducing the target price due to concerns about moderating growth and high valuations.
RBI waiting for gold prices to fall? Central bank keeps gold reserves constant; decision likely due to forecasts on yellow metal
The Reserve Bank of India has paused adding to its gold reserves in FY26, maintaining holdings at 880 metric tonnes. This decision seemingly aligns with price projections from various financial institutions anticipating a potential decline in gold prices.
‘Till the lion learns to write…’: Edelweiss MF CEO Radhika Gupta slams Prada amid Kolhapuri sandals controversy; says ‘500 rupee chappal sold for 1 lakh’
Prada faces online criticism for sandals resembling Indian Kolhapuri chappals without acknowledging the artisans. Edelweiss MF CEO Radhika Gupta emphasized the importance of crediting original creators and preserving India’s textile heritage. Following backlash, Prada will meet with MACCIA on July 11 to discuss potential collaboration, including co-branded collections and skill development, aiming to recognize and…
Jane Street ban: Why has SEBI barred US-based trading firm, which made multi-thousand crore profit, from India’s securities markets? Explained
India’s SEBI has accused Jane Street of market manipulation, alleging the firm artificially inflated stock prices to benefit from options trading, generating substantial profits. The regulator has frozen Rs 4,844 crore and imposed a market ban on the global trading giant. Jane Street has the option to appeal the decision.