Prior to the India-Pakistan ceasefire, Chinese defence stocks had seen substantial gains (AI image) Chinese defence stocks saw significant declines of up to 9% on Tuesday as investors retracted their positions following an unexpected ceasefire agreement that reduced tensions between India and Pakistan in South Asia.The Hang Seng China A Aerospace & Defence Index declined…
Tata Motors on Tuesday reported a 51% decline in consolidated net profit for the fourth quarter ended March 31, 2025, at Rs 8,556 crore, down from Rs 17,528 crore in the same period last year.The fall was primarily attributed to lower volumes and reduced operating leverage.The company’s consolidated revenue from operations stood at Rs 1,19,503…
SpiceJet on Tuesday announced it will resume its Haj 2025 operations from Srinagar starting May 14, with two flights scheduled to depart for Medina. This comes a day after Srinagar airport reopened for civilian flights following a temporary shutdown amid the recent military tensions between India and Pakistan.“SpiceJet will resume its Haj 2025 operations from…
The notable reduction in both inflation can be primarily attributed to decreased prices across several essential categories. (AI image) The All India Consumer Price Index (CPI) or retail inflation for the month of April 2025 eased to 3.16% compared to April 2024. The headline inflation in April 2025 decreased by 18 basis points from March…
Nissan Motor Corp is slashing about 15% of its global workforce—around 20,000 employees—and cutting its number of auto plants from 17 to 10, as the Japanese automaker reported a 670.9 billion yen ($4.5 billion) loss for the fiscal year ending in March.The sharp downturn comes amid falling vehicle sales in China and other key markets.The…
India announced several economic and strategic measures against Pakistan with an aim to cripple its already struggling economy. Prime Minister Narendra Modi’s strong address to the nation after the India-Pakistan ceasefire also has a big economic message for Pakistan. “India’s stand is very clear… Terror and talks cannot go together… Terror and trade cannot go…
Air India declared on Tuesday the suspension of its two-way flight services connecting multiple destinations. (AI image) India-Pakistan tensions impact on air travel: Hours after resuming flights to airports in parts of northern India, airlines like Air India and IndiGo announced cancellations for May 13.On Monday, the Airports Authority of India (AAI) declared that 32…
MUMBAI: Tata Steel will inject $2.5 billion (Rs 21,411 crore) into its Singapore unit, T Steel Holdings, to bolster its European business operations and repay debt. Tata Steel owns the UK and Netherlands businesses through T Steel Holdings.Any overseas investment exceeding $1 billion in a financial year requires prior approval from the RBI. The board…
Gold price today: A significant sell-off occurred as the week began, following the US-China trade negotiations in Switzerland. (AI image) Gold rate today: With reduced geopolitical tensions, safe-haven demand has declined significantly, causing MCX Gold June futures to drop to Rs 92,975/10 grams. This represents a substantial decrease of nearly Rs 6,500 from its April…
Market watchers will focus on crucial inflation data due Tuesday, including India’s CPI and the US Core CPI figures. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in early trade on Tuesday a day after an over 3.5% rally. While Nifty50 went below 24,750, BSE Sensex was below…
