Wall Street traded mixed on Wednesday as another stronger-than-expected inflation report weighed on investor sentiment while a rebound in technology stocks helped limit losses, AP reported.The S&P 500 slipped 0.1 per cent in early trade, remaining close to the record high touched earlier this week. The Dow Jones Industrial Average fell 235 points, or 0.5…
Mumbai: A Redbird Aviation training aircraft was involved in an incident near Baramati airport in Maharashtra on Tuesday during a solo training sortie, though the cadet pilot escaped unhurt, the flying training organisation said.The aircraft, a Tecnam P2008JC bearing registration VT-RFY, was involved in the occurrence at Gojubavi in the vicinity of Baramati airport at…
Commercial vehicle maker Tata Motors Ltd on Wednesday reported a 33.8 per cent rise in consolidated net profit at Rs 1,793 crore for the fourth quarter ended March 31, 2026, driven by strong volume growth.The company had posted a consolidated net profit of Rs 1,340 crore in the corresponding quarter of the previous financial year,…
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved higher minimum support prices (MSP) for 14 Kharif crops for the 2026-27 marketing season, with sunflower seed, cotton, nigerseed and sesamum receiving the steepest increases.The government said the revised MSPs are aimed at ensuring remunerative prices for farmers while continuing its policy of fixing support…
The rupee slipped to a fresh all-time low against the US dollar on Wednesday, extending its recent losing streak as rising oil prices, overseas debt repayments and importer demand for hedging continued to weigh on the currency.The rupee weakened 0.1% to 95.7450 per dollar, moving past its previous record low of 95.7375 touched on Tuesday.Analysts…
According to S&P Global, fears regarding net foreign investment outflows have been “somewhat overstated”. (AI image) India is handling global financial headwinds more effectively than the headline figures indicate, and concerns surrounding foreign capital outflows may be exaggerated, according to S&P Global Ratings.The observations come at a time when the Iran conflict has triggered an…
Since the outbreak of the Iran conflict, India’s forex reserves have declined by nearly $38 billion, marking the steepest drop among regional economies. India has among the world’s largest foreign exchange reserves, and they are still robust enough to defend the rupee from its free fall during the ongoing depreciation phase due to the Middle…
By raising duties, the government aims to curb excessive bullion imports, reduce dollar outflows and manage pressure on the current account deficit. (AI image) Gold price prediction today: Gold and silver prices are rallying in the domestic market due to the sudden hike in import duties. In the coming days they are expected to align…
Top stocks to buy (AI image) Stock market recommendations: Mehul Kothari, DVP – Technical Research at Anand Rathi Shares has chosen Narayana Hrudayalaya, Coal India, and Hyundai Motor India as the top stocks for buying today, May 13, 2026:Narayana Hrudayalaya: Inverse Head & Shoulders Breakout with Momentum StrengtheningBuy: ₹1890–₹1850 | Stop Loss: ₹1750 | Target:…
Asian markets traded mixed on Wednesday as fading momentum in artificial intelligence-linked stocks, elevated oil prices and concerns over persistent inflation kept investors cautious.Japan’s Nikkei 225 edged up less than 0.1% to 62,774.94, while South Korea’s Kospi gained 0.9% to 7,708.05 after recovering some recent losses.Australia’s S&P/ASX 200 slipped 0.3% to 8,645.80.Hong Kong’s Hang Seng…