Giri world

The Federal Reserve decided to maintain the federal funds rate at 4.25%-4.50%, assessing incoming data and economic outlook. Despite Trump's call for rate reductions following a 3% GDP growth in the second quarter, experts contextualize this data, noting a slower overall growth rate for the first half of 2025. Trump's stance contrasts with traditional economic thinking. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/124muJM >

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The IMF has revised India's economic growth forecast upward to 6.4% for both 2025 and 2026, reaffirming its position as the world's fastest-growing major economy. Globally, growth is projected at 3.0% and 3.1% for the same years, driven by factors like lower tariffs and a weaker US dollar. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/woNqF54 >

India's economy shows cautious optimism in mid-2025, according to a finance ministry report, highlighting resilience despite global headwinds. Forecasts project FY26 growth in the 6.2-6.5% range, supported by robust domestic demand. However, the report cautions about slowing credit growth and potential risks from a global slowdown, particularly in the US, which could dampen demand for Indian exports. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1pvoAcE >

India's industrial output growth decelerated to a 10-month low of 1.5% in June, primarily due to contractions in the mining and electricity sectors. Sluggishness in capital goods and consumer durables further contributed to the slowdown. While manufacturing showed resilience, excess rains impacted mining and electricity, and demand signals remained mixed, particularly in urban consumption. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/V7kg2GO >

The rupee weakened to 86.70 against the US dollar due to month-end dollar demand and caution before trade and monetary policy decisions. A stronger dollar, influenced by the EU-US trade pact, and uncertainty over India's trade talks with the US also contributed. Weak domestic industrial output and declining forex reserves further pressured the rupee. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JjkoV7x >

Life Insurance Corporation of India has significantly increased its presence in the bond derivatives market, engaging in $1 billion worth of forward rate agreements with global lenders like JPMorgan and Bank of America. These deals represent a substantial portion of the total FRA volumes since May, reflecting a growing interest among Indian institutions for hedging instruments. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/IRLhmk2 >

Lenskart's IPO plans have been formally approved by shareholders, paving the way for a stock market debut. The omnichannel eyewear firm aims to raise ₹2,150 crore as part of its public issue, potentially reaching $1 billion. Lenskart, valued at $5 billion in June 2024, saw its operating revenue rise 43% to ₹5,428 crore in FY24, with net losses narrowing significantly. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Lr6FE5K >

NCRTC has initiated electricity procurement through the power exchange for its Ghaziabad RSS, aiming to cut operational costs and boost green energy usage. This move, expected to save around Rs 1 crore annually from a single drawl point, aligns with NCRTC's goal to source 15% of its power from green sources. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/A7qrGW0 >

Donald Trump claims Japan will invest $550 billion in the US under a new trade framework, though details remain under negotiation. Trump suggests the US would receive 90% of profits from these investments, calling it a "signing bonus" linked to tariff reductions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/CrmO1aL >

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Union Minister Piyush Goyal confirmed that India's FTA with Oman is nearing finalization, while negotiations with the EU, US, Peru, and Chile are advancing rapidly. India recently concluded trade agreements with Mauritius, Australia, and the EFTA bloc, and aims to boost bilateral trade with the UK to $120 billion by 2030. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/fUV2nSb >

Reserve Bank of India Governor Sanjay Malhotra stated that corporates will not be allowed banking licenses. The monetary policy committee retains flexibility on interest rates. Future rate decisions will depend on inflation and growth outlook. There is no plan to revise the 26% limit on promoter shareholding in private banks. RBI supports diversified ownership. The ultimate responsibility for a bank's operations lies with its board. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/OUBwNdE >

The Indian government has unveiled a draft telecom policy targeting significant growth in the sector by 2030. It aims to attract substantial investments, create numerous jobs, and foster innovation through next-generation technologies. The policy envisions India as a leading global provider of telecom products and services, emphasizing research, infrastructure modernization, and effective spectrum management. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/AlqTBth >

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Top stock market recommendations: Aakash K Hindocha suggests a consolidation phase for Nifty between 24800 and 25320, anticipating a potential breakout led by Nifty IT. Bank Nifty's breakout above 57100 indicates continued outperformance with targets set for new all-time highs. Top stock picks include Balkrishna Industries, Sona BLW Precision Forgings, and Hindalco, each exhibiting bullish patterns and breakout confirmations. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/2u403AV >

India's green energy and tech ambitions face hurdles due to its reliance on China for rare earth elements (REEs), crucial for EVs, electronics, and clean energy. Despite holding significant reserves, India's REE production is minimal compared to China's dominance in mining, processing, and magnet production. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/uZvbCfA >

Amid global uncertainties, the RBI emphasizes India's strategic opportunity to strengthen trade ties, particularly with the upcoming UK FTA. Domestic economic activity remains steady, supported by a good kharif crop and strong services momentum. Headline retail inflation stays below 4%, while the external sector remains stable with ample forex reserves. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/NwhgEoM >

Indian Overseas Bank's Hong Kong branch (IOBHK) faces a HK$8.5 million penalty from the Hong Kong Monetary Authority for AML/CFT ordinance breaches. The HKMA cited 'significant failure' in mitigating risks, pointing to inadequate management oversight and improper handling of transaction alerts. IOB asserts no AML/CFT violations occurred, attributing the issue to software alert handling, with corrective measures underway. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/NVz7fIS >

Donald Trump declared the completion of a significant trade agreement with Japan, averting a threatened 25% tariff. The deal includes a 15% American tariff on Japanese imports and a $550 billion Japanese investment in the U.S., purportedly generating numerous jobs. Japan will also open its markets to American cars, trucks, rice, and other agricultural products, subject to reciprocal 15% tariffs. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/DcZp7QU >

A parliamentary panel led by BJP's Baijayant Panda has recommended continuing tax exemptions for anonymous donations to religious-cum-charitable trusts in the new Income Tax Bill, 2025. The committee suggests allowing taxpayers to claim TDS refunds even after the ITR filing deadline without penalties. The report also proposes significant changes to how the bill treats income for non-profit organizations. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/bqQ72HD >

Despite Trump's August 1st deadline, US negotiators will visit India later in August, aiming for a bilateral trade agreement by Fall. Sticking points remain, particularly regarding American agricultural and dairy access, which India resists. India seeks gains in textiles, footwear, and auto parts. Trump's insistence on agricultural concessions and opaque deal-making with other nations are also concerns. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/9k6eGjt >

Omar Abdullah requested the central government to approve the Tulbul Navigation Barrage and Chenab River water scheme. This request follows the suspension of the Indus Waters Treaty after a terror attack. Abdullah has long opposed the IWT, deeming it unfair to Jammu and Kashmir. The Tulbul project aims to regulate Jhelum River water levels. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/iUytF85 >

The HDFC and HDFC Bank merger continues to impact credit growth, pulling industry figures into single digits in Q1FY26. HDFC Bank's loan growth slowed post-merger to prioritize balance sheet stability, impacting overall banking system performance. While mortgage growth was slower than the industry average due to intense competition, the bank anticipates consumption recovery and MSME segment growth. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/t3G0RFb >

Adani Group plans to invest nearly Rs 1 lakh crore in its airport business in India over the next five years, focusing on infrastructure and real estate development. The investment will primarily target Navi Mumbai Airport, Mumbai Airport, and expansions in Ahmedabad, Jaipur, Thiruvananthapuram, and Guwahati. The group aims to capitalize on India's growth potential in the aviation sector. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/ariIjUA >

Assam's dairy sector receives a boost with a new government subsidy of Rs 5 per litre for dairy farmers, launched by Chief Minister Himanta Biswa Sarma. This initiative aims to encourage higher milk production, improve farmer earnings, and stimulate a rural dairy revolution. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/SUDMQVC >

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The Trump administration has announced new flight restrictions from Mexico, potentially ending the Delta-Aeromexico partnership in response to Mexico's limits on flights into Mexico City. Transport Secretary Sean Duffy cited unfair advantages for Mexican carriers due to the redirection of flights to Felipe Angeles International Airport. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/OoqtIyl >

Blackstone has withdrawn from the consortium aiming to invest in TikTok's US operations, adding to the uncertainty surrounding the deal. The investment group, led by Susquehanna International Group and General Atlantic, was considered the front-runner to acquire majority control. The exit comes amid delays and US-China trade tensions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/idkyfv7 >

HDFC Bank and ICICI Bank both reported robust earnings growth for the June 2025 quarter, fueled by increased interest and non-interest income. HDFC Bank announced a bonus issue and dividend, with net profit rising 12.2%. ICICI Bank's net profit grew by 15.4%, driven by income growth, while both lenders expressed caution regarding margin pressures and certain retail lending segments. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Zgwvym2 >

Former Chief Justice of India, D Y Chandrachud, has stated that Viceroy Research's report on Vedanta Group contains defamatory allegations, harming the company's business and reputation. Chandrachud highlighted the report's imputations, including labeling Vedanta a “Ponzi scheme,” and questioned Viceroy's credibility, citing its history of short-selling and publishing misleading reports for profit. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/IhqJ7CQ >

Chevron has finalized its $53 billion acquisition of Hess Corp, gaining a significant stake in Guyana's lucrative Stabroek Block after an International Chamber of Commerce ruling. This acquisition, which includes Hess's 30% share in the Guyana field and Bakken shale assets, positions Chevron alongside Exxon Mobil and CNOOC in the rapidly growing offshore production hub. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/erf7Avx >

Sebi wants to improve India's derivatives market. Ananth Narayan suggests extending F&O contract tenures. He highlights concerns about short-term trading dominance. Regulators worry about household savings in speculative trading. A Sebi study reveals significant losses for individual F&O traders. Recent regulations aim to discourage short-term trading. Sebi acknowledges industry concerns about revenue impact. The focus is on sustainable market practices. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/v86xOUc >

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SBI is set to raise Rs 45,000 crore from capital markets, including a Rs 25,000 crore QIP, potentially the largest in India. This equity dilution of 3.3% follows board and shareholder approvals. The floor price is Rs 811.05 per share, with a possible 5% discount. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/FE8g1Io >

Brokerage firms have varying outlooks on several companies. JP Morgan downgraded Tata Technologies due to mixed Q1 results, while Goldman Sachs is optimistic about Ola Electric's path to profitability. JM Financial initiated coverage on Kalyan Jewellers with a buy rating, citing growth opportunities. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/YIjWVkX >

Donald Trump announced on Truth Social that Coca-Cola has agreed to replace high-fructose corn syrup with real cane sugar in its US soft drinks, following his request. Coca-Cola acknowledged Trump's support but didn't confirm the change. The potential switch sparks debate over economic impacts and health implications, as Trump's history with Diet Coke adds intrigue. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4XDBOI3 >

Stock market recommendations: Anand Rathi Shares suggests buying Tilak Nagar Industries, Orchid Pharma, and ITC. Tilak Nagar Industries shows range breakout with volume support. Orchid Pharma indicates potential breakout after downtrend. ITC displays renewed strength with an Inverse Head and Shoulders pattern. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/MNbymC0 >

US President Trump announced the US is pursuing a trade agreement with India, aiming for greater access to Indian markets, similar to the deal struck with Indonesia. Indian commerce ministry officials are currently in the US for trade talks, with expectations of reduced tariffs for India. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/dKJxlNn >

Donald Trump announced a new trade agreement with Indonesia, significantly reducing tariffs on Indonesian exports to 19% and granting full market access to American goods. Indonesia has committed to purchasing billions in US energy, agricultural products, and Boeing jets. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/lWHFa4C >

Petroleum Minister Hardeep Singh Puri stated that global crude oil prices remain stable despite geopolitical tensions, indicating sufficient energy resources worldwide. India is actively engaging in global energy forums and expanding its clean energy footprint, exploring geothermal cooperation with Iceland. ONGC's increased domestic energy exploration, with a high number of wells drilled, reflects India's commitment to diversifying its energy mix. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/t6DhiTF >

The Pentagon has awarded contracts, each capped at $200 million, to leading AI firms including xAI, Anthropic, Google, and OpenAI. This decision comes despite recent criticism of xAI's Grok chatbot for generating offensive content. The contracts aim to leverage US AI companies' technology to develop AI workflows for various defense missions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/NrvmuF8 >

The US government has imposed a 17% import duty on most fresh tomatoes from Mexico. This decision aims to protect the American tomato industry. Talks between US and Mexican officials failed to reach a new agreement. The duty took effect immediately. It is expected to raise tomato prices in the US. American growers are likely to benefit from this move. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/NEJvA40 >

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RBI's new directive allows banks to accept voluntary gold and silver pledges for agricultural and MSME loans up to Rs 2 lakh, even within collateral-free limits. This aims to enhance financial inclusion in rural areas where gold is a liquid asset, enabling faster loan processing and reducing reliance on informal lenders. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/nZp0F3h >

India has revised its 2015 mandate for installing flue gas desulphurisation (FGD) units, now focusing on coal-fired plants within 10 km of cities with over 1 million residents. This change, driven by cost concerns and studies indicating lower-than-threshold sulphur dioxide levels, is expected to reduce power costs. While criticised by environmentalists, officials claim the recalibration is efficient and climate-conscious. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/LWEmT5O >

Mercedes-Benz India will increase vehicle prices by 1-1.5% in September, according to MD and CEO Santosh Iyer, due to the weakening rupee against the euro. This marks the third price hike this year. Despite concerns, Iyer believes reduced interest rates and economic growth will sustain demand. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Kgk7AVL >

Donald Trump has threatened major trade partners with new import tariffs, ranging from 20% to 50%, demanding individual trade deals by August 1. The EU and Mexico have condemned the proposed tariffs as unfair, while expressing willingness to negotiate. Trump cites trade deficits and fentanyl concerns as justification, despite data showing most fentanyl enters the US from Mexico. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/JDkyePq >

Paytm founder Vijay Shekhar Sharma predicts AI's inevitable integration into business, even as CFO. He envisions AI automating tasks, urging focus on core product development as Paytm transitions into an AI-first company. Despite recent layoffs partly due to RBI restrictions, Paytm is innovating with AI, including a rap song expense tracker. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/tfrbAve >