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India, the world's second-biggest crude steel producer, had turned a net importer during 2023/24 and the trend has continued during April-October, the data showed. During April-September, China was the lead exporter of finished steel to India and this is widely expected to be the case during April-October. Details will be known later in the month.

Warren Buffett created Berkshire Hathaway Inc.’s Class B shares almost 30 years ago to stymie money managers who sought to split the high-priced conglomerate’s stock. One of South Korea’s largest retail brokerages now plans to package the Class B shares into an exchange-traded fund turbocharged with derivatives, another move that Buffett might not like.

Rahul Gandhi took a break from campaigning for the Wayanad by-election on Tuesday to explore the region and promote its tourism potential. The LoP in the Lok Sabha posted a video of himself trying out Kerala’s longest zipline in Wayanad’s scenic hill district, donning an “I love Wayanad” T-shirt. During the visit, he also jokingly challenged his sister, Priyanka Gandhi, to join him on the zipline in her saree. The region, which has suffered from a decline in tourism following devastating landslides in July, has been struggling with economic hardships, particularly for locals in the tourism and hospitality sectors. However, Gandhi praised the resilience of the people, noting that despite the challenges, they’ve worked hard to create new attractions, such as South India’s largest giant swing and a thrilling drop tower.

Dogecoin surged over 10% to $0.3869 in the early Asian trading hours on Wednesday after U.S. President-elect Donald Trump said on Tuesday Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead the newly created Department of Government Efficiency (DOGE). The acronym “DOGE” is a nod to Musk's favorite cryptocurrency, dogecoin. Trump said in a statement that Musk and Ramaswamy will work from outside the government to offer the White House “advice and guidance” and will partner with the Office of Management and Budget to “drive large scale structural reform, and create an entrepreneurial approach to Government never seen before.” He added that the move would shock government systems.

Subscribe to enjoy similar stories. In August, a small team of Volkswagen executives and engineers flew from Germany to Palo Alto, Calif., to take a top-secret vehicle for a spin. Originally built as an electric Audi, the vehicle had been shipped to the U.S.

Subscribe to enjoy similar stories. The entire cement industry is chasing volumes, but Shree Cement Ltd is going against the tide. Its strategy of prioritizing value over volumes in a seasonally weak September quarter (Q2FY25) has helped contain the drop in realizations.

Subscribe to enjoy similar stories. After long years of stasis, there seems to be a flurry of activity at the Union ministry of statistics and programme implementation (Mospi). Long-delayed surveys have been released.

Indian Hotels Company Ltd. traded 1.56 per cent up at Rs 718.50 at around 12:10PM (IST) on Wednesday. The stock had closed at Rs 729.90 in the previous session. Equity benchmark Sensex traded 546.44 points at 78128.74 around the same time.

«It can work it off by coming down sharply, as it has done a few times in the past or it can just go nowhere for a while and allow the earnings to catch up because as a result valuations will automatically correct as those earnings come through,» says Vetri Subramaniam, CIO, UTI AMC. For the first time, there is real pain and agony to be felt in this market after many-many years. Do you think we have taken a decisive turn in equity markets and we could be in for a long winter? Vetri Subramaniam: This business of predicting whether it will be winter, summer, spring is not really my forte. And after 25-30 years of doing this, I have come to the conclusion that nobody can really forecast this stuff beforehand. I will just stick to what I have been telling you and maybe that may have been our last conversation as well. The markets were pretty pricey in terms of valuations and history has taught us that when the market is pricey in terms of valuations, there are two ways in which it can work it off.

Subscribe to enjoy similar stories. Nothing has consumed more ‘little grey cells’ than discussions on the United States presidential election, the contenders and their impact on the fate of the global economy after this “mother of all US elections." Even with the election now out of the way, economic uncertainty and volatility are here to stay, given fractures in society (and thus the polity) across the developed world. The focus thus far has been on foreign portfolio flows, interest rates, the policy stance of central banks and at times their liquidity management.

Reasons to buyReasons to avoidAlso read: Best washing machines in India November 2024: Top 10 picks for unmatched efficiency and performanceThe LG Inverter Fully Automatic Washing FHM1207SDW is a reliable washing machine with in-built heater. It offers superior cleaning performance, quick wash cycles, and energy efficiency, making it a great choice for cold regions.Reasons to buyReasons to avoidAlso read: Best LG front-load washing machines: Top 6 options with inverter technology for hassle free laundry experienceThe LG Inverter Fully Automatic Washing FHM1207SDM is a high-quality washing machine with in-built heater.

buy call on Life Insurance Corporation of India with a target price of Rs 1,200. The current market price of Life Insurance Corporation (LIC) is Rs 932.3. LIC, incorporated in 1956, is a Small Cap company with a market cap of Rs 590723.16 crore, operating in Financial Services sector. Life Insurance Corporation of India's key products/revenue segments include Premiums Earned and Other Operating Revenue for the year ending 31-Mar-2024.

From floor-length classics to contemporary creations with unique details, wedding gowns offer endless possibilities for every aesthetic. The versatility in design makes it easy to find options suited to formal ceremonies, casual gatherings, and everything in between. This selection highlights some of the most elegant, timeless, and stunning gowns available, ensuring that each woman can look and feel exceptional on such a memorable occasion.

Bitcoin has paused as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto. The digital asset is up about 32% in the wake of Trump’s Nov. 5 election victory, hitting a record of $89,968 on Tuesday, based on data compiled by Bloomberg. It changed hands at $88,500 as of 9:13 a.m. Wednesday in Singapore.

buy call on State Bank of India with a target price of Rs 1,000. The current market price of State Bank of India is Rs 849.5. State Bank of India, incorporated in 1955, has a market cap of Rs 756495.42 crore. State Bank of India's key products/revenue segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.

New Delhi: S.P. Oswal’s ordeal began on the afternoon of 27 August, with an innocuous phone call. It was a pre-recorded message from someone claiming to be from the Telecom Regulatory Authority of India (Trai). Just out of hospital after battling an illness, the unsuspecting 82-year-old Oswal, chairperson of the Ludhiana-based Vardhman Group, pressed 9 when prompted. That keypress was a standard screening procedure by scamsters to ascertain the gullibility of their victims—Oswal, a Padma Bhushan awardee, instantly became a target.

Subscribe to enjoy similar stories. Reserve Bank of India (RBI) governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. Data released on Tuesday showed the consumer price index rose 6.2% last month from its level a year earlier.

Subscribe to enjoy similar stories. Over the years, I have begun to notice that soon after the festive season celebrations, clients talk about feeling overwhelmed. This feeling can be come from negative as well as positive events.

SoftBank Group Corp. will be the first Nvidia Corp. customer to build a supercomputer based on the chipmaker’s new Blackwell design, a move to meet growing demand in a country eager to catch up in artificial intelligence. SoftBank’s telecom unit plans to build Japan’s most powerful AI supercomputer to support a wide range of local services, the two companies said Wednesday. That computer will be based on Nvidia’s DGX B200 product, which combines computer processors with so-called AI accelerator chips. A follow-up effort will feature Grace Blackwell, a more advanced version. Nvidia’s chips have become a prized commodity for the world’s biggest tech companies, which use the components to develop and run AI models. The process requires software to be bombarded with data — something accelerator chips are especially adept at handling.

Acme Solar Holdings will debut at the bourses today. Ahead of the listing, the company's shares were trading with a discounted GMP of Rs 4 in the grey market. Considering the upper price band of Rs 289, the current GMP indicates a negative premium over the issue price.

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says we might get relative outperformance but at this point, just keeping your powder dry is probably the best thing to do until some of the scenarios play out after Trump assumes office. Hospitality, and traveling will be a key feature at least for next year or so. The airlines look okay. Some kind of premiumisation is happening in pockets and alcoholic and non-alcoholic drinks are the place to be there. Finally, electronic manufacturing (EMS) is a great area to be in the long term. Those three themes are in play, but if markets go down, then these stocks will go down as well. What is spooking the global markets right now? Do you think the excesses of the Trump rally are getting shaken off a little? Andrew Holland: Yes, you are bound to see a little bit of slowdown in the index after its rise but one thing that has clearly happened is that all the attention and all the focus is now on the US and that is what we have seen in terms of the markets not just the equity market, but obviously the currency and to some extent crypto as well. I do not see that stopping. I think that is going to be the kind of theme as Trump puts together his administration and America first kind of comes out of this.