Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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Mcap of 6 of top-10 valued firms erodes by Rs 3 lakh cr
New Delhi: The combined market valuation of six of the top 10 valued firms eroded by more than Rs 3 lakh crore last week, with IT majors Tata Consultancy Services (TCS) and…
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62 pc Gen Z and Millennials continue to back gold as safest investment bet
Mumbai: Gold remains the most trusted investment for young Indians despite growing access to modern financial products, with 62 per cent of respondents choosing the metal as the first choice for investment,…
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AI won’t kill IT services, will create more work: JP Morgan
New Delhi: Artificial intelligence (AI) is unlikely to replace IT services companies anytime soon, according to a new report by JP Morgan’s Asia Pacific Equity Research team. Instead of shrinking the…
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Saudi Arabia opens Makkah’s real estate market to foreign investors
Riyadh: Saudi Arabia is opening up Makkah’s real estate market to foreign investors as part of a wider strategy to attract capital and diversify its oil-dependent economy, according to a Bloomberg report.…
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Reliance receives US licence to import Venezuelan crude oil
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Limited has received a US general licence to purchase Venezuelan crude oil directly, enabling India’s largest private refiner to resume imports of discounted heavy feedstock…
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MEA avoids direct answer on US claim linking Russian oil to trade deal
The Ministry of External Affairs (MEA) on Thursday, February 12, again denied the United States’s claims that India will stop buying Russian oil as part of a broader India-US trade. This comes…
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False and incorrect: Congress accuses Sitharaman of distorting Bali WTO record
New Delhi: Congress leader Anand Sharma slammed Finance Minister Nirmala Sitharaman on Thursday for criticising India’s stand at the WTO Ministerial Conference in Bali in 2013 during the UPA rule, and accused…
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Sensex tumbles 558 points on sell-off in IT shares over AI disruptions
Mumbai: Benchmark BSE Sensex fell 558 points on Thursday, February 12, amid heavy selling in IT shares, as concerns over AI-led disruptions and waning hopes of a Fed rate cut after firm…
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US adds 1.3 lakh jobs; past payroll figures cut sharply
Washington: US employers added a surprisingly strong 1,30,000 jobs last month, but government revisions cut 2024-2025 US payrolls by hundreds of thousands. The unemployment rate fell to 4.3 per cent, the Labour…
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Rupee depreciates 22 paise, closes at 90.78 against US dollar
Mumbai: The rupee depreciated 22 paise to close at 90.78 against the US dollar on Wednesday, February 11, amid increased dollar demand from importers and geopolitical tensions. Forex traders said the rupee…
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Russia allows Indian labourers in bulk due to labour shortage, Ukraine war
Moscow: While it is not new that Indians work as labourers in foreign countries, Reuters reported that Russia has eased the visa process for Indians in bulk to keep up with its…
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UP Budget 2026-27 earmarks Rs 27,103 crore for infra, 5-fold hike for textiles
Lucknow: The Uttar Pradesh government has proposed Rs 27,103 crore for infrastructure and industrial development, 13 per cent higher than last year, and over Rs 5,041 crore for handloom and textiles, marking…
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Stock markets trade higher in early trade tracking rally in Asian peers
Mumbai: Equity benchmark indices Sensex and Nifty opened on a positive note on Monday, February 9, amid foreign fund inflows, a rally in Asian markets and optimism following a fresh trade agreement…
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FPIs turn net buyers in Feb; invest Rs 8,100 cr in a week on US trade deal
New Delhi: After three consecutive months of heavy selling, foreign portfolio investors (FPIs) turned net buyers in the first week of February, infusing more than Rs 8,100 crore in Indian equities, aided…
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India’s Russian oil buy to dwindle
New Delhi: India is likely to begin scaling back its crude oil purchases from Russia under an agreement reached with the United States in exchange for lower trade tariffs, sources said, adding…
