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Narendra Modi’s visit to Washington DC.

Surging prices for coffee on global markets are coinciding with a weak Canadian dollar, putting a “pinch” on cafés and retailers that could end up hiking the cost of your cup of joe.

Bank of Montreal is stepping into a booming product category that offers exposure to popular global stocks while hedging against currency volatility, becoming the second Canadian bank to do so.

WASHINGTON — The man U.S. President Donald Trump has chosen to oversee his tariff agenda says hitting Canada with 25 per cent across-the-board duties would be an emergency measure to achieve border security — and could be followed by more tariffs in the future.

Reliance Industries. However, a decline in Tata Motors capped gains on the benchmarks. The benchmark BSE Sensex gained 226.85 points or 0.30% to close at 76,759.81, while the broader Nifty 50 index closed at 23,249.50, higher by 86.40 points or 0.37%.

Mahindra Logistics Managing Director and Chief Executive Officer Rampraveen Swaminathan said ahead of the Union Budget. «The upcoming budget presents a pivotal opportunity to strengthen India's logistics and supply chain sector, a backbone of economic growth and a key enabler of trade and commerce,» Swaminathan said on his company's Budget expectation.

market infrastructure institutions (MIIs). Under the guidelines, MIIs — comprising stock exchanges, clearing corporations, and depositories — are required to appoint an independent external agency to evaluate their performance and the functioning of their statutory committees. This needs to be done once every three years.

Donald Trump’s nominee for commerce secretary on Wednesday defended the use of tariffs to create “fairness” and denied they will be inflationary, while also hinting at a looming fight with Canada over dairy market access.Billionaire financier Howard Lutnick told his U.S. Senate confirmation hearing that the 25 per cent tariffs Trump has vowed to impose on Canada and Mexico starting Saturday are meant purely to compel border security improvements from both countries, particularly to crack down on fentanyl trafficking.“If we are your biggest trading partner, show us respect: shut your border and end fentanyl coming into this country,” Lutnick said.“It’s not a tariff, per se, it is an action of domestic policy.

Kotak Institutional Equities on Thursday said it has initiated coverage on renewable power player ACME Solar Holdings with a ‘buy’ rating at a target price of Rs 320 per share, which implies a potential upside of over 52% from the stock’s current levels. ACME Solar shares closed 10% higher on Thursday at Rs 210.80 on the BSE. The brokerage highlighted ACME's aggressive expansion in India's renewable energy sector and its exceptional growth potential, supported by an increasing focus on hybrid and firm dispatchable renewable energy (FDRE) projects.

Waaree Energies on Thursday reported a 296% year-on-year growth in its consolidated net profit for the quarter ended December 31, 2024, to Rs 493 crore versus Rs 124 crore posted in the year-ago period. The Q3FY25 revenue from operations stood at Rs 3,457 crore, up by 117% over Rs 1,596 in the corresponding quarter of the previous financial year.

Nifty, opened flat, maintained buying interest, and settled the day on a positive note at 23,250. The volatility index, India VIX, dropped by 6.70% to 17.39, indicating a cool-off in market volatility. Technically, Nifty formed a green candle on the daily chart, indicating strength, with immediate resistance near 23,340, where the 21-day Simple Moving Average (21-DSMA) is placed, and strong support at 23,000. As long as Nifty holds above 23,000, a short-term pullback toward 23,340 and 23,500 remains possible, favoring a buy-on-dips strategy, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.

Subscribe to enjoy similar stories. The original intention was for American presidents to be mere legal executors—not emperors able to impose their will unilaterally. Over time, though, Congress has ceded more and more authority to the executive branch, and the courts, the third coequal branch of government, have happily blessed the arrangement.

J.M. Smucker Co. chief executive Mark Smucker leaned on close advisers when he made the decision to bolster the jelly and coffee company through a US$5.6-billion acquisition in 2023 of Hostess Brands Inc., an equally well-known name in food, and they came from a seemingly unusual place: a Canadian bank.

financial stocks and heavyweight Reliance Industries (RIL). However, a decline in Tata Motors capped gains on the benchmarks. The benchmark BSE Sensex gained 226.85 points or 0.30% to close at 76,759.81, while the broader Nifty 50 index closed at 23,249.50, higher by 86.40 points or 0.37%.

The rupee ended at 86.xxxx, down from its close at 86.54 in the previous session. The currency hovered between 86.57-86.6250 band on the day.

Subscribe to enjoy similar stories. Money doesn’t solve all problems, but $37.4 billion should solve a few. That was what Microsoft and Meta Platforms have in combined capital spending in the December-ended quarter, according to the companies’ earnings reports Wednesday afternoon.

Subscribe to enjoy similar stories. Colombia’s run-in with Donald Trump is a warning to other countries trying to decipher the US president’s haphazard decision-making process. As Asian nations realize that Trump’s second term could be even more erratic than his first, China is ready to take advantage of the chaos.

Rohit Agarwal, Executive Vice-President, Kotak Mahindra, says it is anticipated that within the next five to ten years, the manufacturing sector will contribute approximately 18 to 20 percent to GDP. Agarwal believes the government will continue to allocate a substantial budget for capital expenditures, along with incentives and standard operating procedures (SOPs) aimed at the manufacturing industry. This focus will be reflected in the Budget, as the government is committed to enhancing India's self-sufficiency in various products that are currently imported. Within manufacturing, EMS has been a huge success story but within it, it is time to move from mobile PLI success to other stories. To start with that success will come more from the semiconductor value chain. One should be overweight on semiconductors followed by renewable energy and defence. Agarwal believes Trump’s protectionist policy will have no impact on the PLI theme as these manufacturers are aimed more for India market to replace imported items What should one watch out for in this year’s Union Budget when you talk about manufacturing because that is where most of the government’s focus has been and it has reaped quite a lot of benefit when you talk about the way it has helped boost the GDP growth as well. Rohit Agarwal: The focus of this government has been on manufacturing through the Budget document and also apart from the Budget document, they have been taking various measures.

Subscribe to enjoy similar stories. New Delhi: It is “critical" for the G20 to address emerging challenges of trade and tariff wars, India’s sherpa Amitabh Kant said, amid increasing threats by US President Donald Trump to hike tariffs against India and other members of the grouping of major global economies. In an interview, the former bureaucrat said G20 should also address the potential adverse effects of artificial intelligence by suggesting a regulatory framework.

Nestle India is likely to see muted revenue and profit numbers in the third quarter as the growth continues to be impacted by muted consumer demand and elevated commodity prices. Revenue from operations are likely to improve 4% year-on-year (YoY), according to an average estimate of four brokerages, while profit after tax (PAT) is seen rising by a marginal 1% YoY.

Small and midcap stocks have tumbled 15% since September 2024, weighed down by slowing domestic growth and tightening liquidity conditions. According to Nuvama Institutional Equities, the correction bears a strong resemblance to past downturns in 2011 and 2018, raising the risk of a prolonged bear market rather than a short-term blip. The brokerage warned that despite the recent slide, valuations remain elevated, suggesting that further downside risk persists unless policy intervention provides relief. Nuvama expressed a preference for exporters such as chemicals, domestic laggards with profitability nearing a bottom like cement firms and quick service restaurants, and consistent compounders.