Gucci sales dropped as the West Asia war crimpled the troubled Kering brand as it tries to mount a comeback under fresh management and creative leadership. Gucci’s revenue declined 8% during the first quarter of the calendar year, Kering SA stated on Tuesday. This is almost twice the decline estimated by analysts, Bloomberg reported. The…
The twenty-first iteration of the FICCI-IBA Bankers’ Survey detects the industry sentiment for the forecast period from January to June 2026. Survey In A Nutshell The Industry largely retained a broadly constructive outlook on credit growth over the near term, with growing interest in sustainable finance opportunities, with renewable energy financing emerging as the segment…
The government may hike the foreign direct investment (FDI) limit in the pension sector to up to 100%, and a Bill in this regard is expected in the next Parliament session, according to sources. This would align with the insurance sector, where up to 100% FDI is permitted. Last year, Parliament approved a Bill to…
The Nifty 50 is holding above the crucial support zone of 23,800–24,000, while facing resistance around 24,400–24,500. A sustained move above 24,500 could trigger momentum toward 24,800–25,000. The BSE Sensex also maintains a constructive setup above 77,000, with resistance placed at 78,800–79,000. Overall, the market trend remains sideways to bullish, with the focus shifting toward…
The Bai Hirabai Trust, after a meeting conducted under the chairmanship of Noel Tata on April 17, has decided to move to amend the deed that restricted Non-Zororatrians from becoming trustees. Bai Hirabai Trust To Remove Restrictive Clause As affairs at Tata Trust acquired a more tumultuous shape after TVS’s Venu Srinivasan departed from Bai Hirabai…
TVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India and withdrawn its appeal in NCLAT against an order that rejected insolvency proceedings against the telecom gear manufacturer. Earlier this week, TVS Supply Chain counsel informed the National Company Law Appellate Tribunal (NCLAT) about the settlement and requested withdrawal of the appeal….
After slipping from recent highs on Thursday, the Nifty staged a strong rebound on Friday, closing above the 24,350 mark. Despite opening on a subdued note amid weak global cues, the index recovered swiftly and trended higher through the session, ending near the day’s high. The Nifty gained 157 points to settle at 24,354. For…
India’s cooking gas LPG consumption fell by a steep 13% in March as supply disruptions linked to the West Asia conflict hit availability for both household kitchens and commercial users, according to the latest official data. LPG consumption was at 2.379 million tonnes in March, 12.8% lower than 2.729 million tonnes consumed in the same…
Global brokerage firms are turning bullish on aluminium, citing a tightening supply outlook amid escalating geopolitical risks and resilient demand signals. JPMorgan Chase said that LME aluminium spot prices have surged 6% over the past four days to hit a fresh high of $3,687 per tonne. The rally is being driven by concerns that a…
One97 Communications Ltd., parent company of payments aggregator Paytm, has disclosed to the exchanges that it has now become an Indian Owned and Controlled Company (IOCC), has its domestic shareholding as surpassed that of foreign investors. In its exchange filing on Wednesday, April 15, Paytm said that domestic investors, including mutual funds, insurance companies, retail,…
