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Source: Live Mint Feb 3 (Reuters) – Makers of alcoholic beverages, including Johnnie Walker and Corona beer, could be caught in the crosshairs of a potential trade war after U.S. President Donald Trump imposed sweeping new tariffs on goods from Mexico, Canada and China. In three executive orders, Trump imposed 25% tariffs on Mexican and…
Source: Live Mint Power Grid Q3 Results: Power Grid Corporation of India announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Monday, February 3, 2025, and reported a drop of 4.1 per cent to ₹3,861.6 crore, compared to ₹4,028.3 crore in the corresponding period last year. The Maharatna Central Public Sector Undertaking (CPSU)’s revenue…
Source: Live Mint US stock indices declined at the open on Monday on worries over a full-blown trade war after President Donald Trump imposed steep tariffs on Mexico, Canada and China. At the opening bell, the Dow Jones Industrial Average fell 276.5 points, or 0.62%, to 44,268.15. The S&P 500 fell 70.9 points, or 1.17%,…
Source: Live Mint Gold prices surged by ₹400, reaching a new all-time high of ₹85,300 per 10 grams in the national capital on Monday, driven by sustained demand from jewellers and stockists, according to the All India Sarafa Association. Traders attributed the rise to the sharp depreciation of the rupee and strong trends in international…
Source: Live Mint A Brooklyn-based social media blogger, Jeffrey Emanuel, on January 25, 2025, wrote a nearly 12,000-word blog post making a case for shorting one of the top chipmaking AI companies in the world, Nvidia Corp., reported the news portal MarketWatch. According to the news report, the blog post cited reasons like changing tides…
Source: Live Mint The Reserve Bank of India (RBI)’s holding of sovereign bonds due to mature next financial year will likely be treated at par with the market by the government rather than swapped for longer-dated debt, a top government official said. The RBI holds around 1 trillion rupees ($11.5 billion) of bonds maturing next…
Source: Live Mint Top Gainers and Losers Today : **Top Gainers and Losers Today** The Nifty index concluded the trading session at 23482.15, reflecting a decline of 0.52%. Throughout the day, the Nifty reached a high of 23381.6 and a low of 23222.0. The Sensex, on the other hand, traded within a range of 77260.37…
Source: Live Mint Alembic Pharmaceuticals posted its results for the quarter ended December 2024 (Q3FY25). Its consolidated net profit tumbled 23.29 percent to ₹138.42 crore in Q3 FY25, compared with ₹180.45 crore posted in Q3 FY24. However, revenue from operations was at ₹1,692.74 crore in the third quarter of FY25, up 3.81 percent year on…
Source: Live Mint Bajaj Broking stated that Finance Minister Nirmala Sitharaman created history on February 1, 2025, by presenting her eighth consecutive Union Budget, reinforcing the government’s commitment to economic growth. This budget plays a crucial role in laying out a roadmap for achieving Viksit Bharat (Developed India). The Finance Minister emphasised four key growth…
Source: Live Mint Stock market strategy: The Indian stock market benchmark indices, Sensex and Nifty 50, declined over a percent each on Monday, weighed down by weak global cues. The Union Budget 2025-2026 failed to impress the domestic equity market, but gave a boost to the consumption stocks. The benchmark Nifty 50 has corrected over…
