Business

State Bank of India (SBI) has overtaken Tata Consultancy Services (TCS) to become India’s fourth-largest listed company by market capitalisation, supported by a sharp post-results rally and improving sentiment around public sector banks.SBI’s market capitalisation now stands at nearly Rs 10.92 lakh crore, ahead of TCS at about Rs 10.52 lakh crore, according to an…

US stocks moved closer to record levels on Wednesday after data showed the country’s unemployment rate unexpectedly improved last month, boosting investor confidence about the resilience of the economy.The S&P 500 rose 0.5% and was trading just below its all-time high set late last month. The Dow Jones Industrial Average was up 222 points, or…

The government’s stake sale in Bharat Heavy Electricals Ltd (Bhel) was oversubscribed two times on the first day, with institutional investors placing bids worth over Rs 5,650 crore on Wednesday.Institutional investors bid for more than 22.07 crore shares at an indicative price of Rs 256.07 per share, against about 9.40 crore shares on offer under…

The Magenta Line (Line-8) is set to become the longest corridor in the Delhi Metro network, with the highest number of interchange stations and underground sections, significantly strengthening cross-city connectivity across the National Capital Region, according to a Delhi Metro Rail Corporation (DMRC) statement.The development comes following the recently sanctioned Phase-V (A), under which the…

Benchmark equity indices Sensex and Nifty ended almost unchanged on Wednesday in a volatile, range-bound session, as gains in PSU banking and auto stocks were neutralised by weakness in information technology shares. The 30-share BSE Sensex slipped 40.28 points, or 0.05 per cent, to settle at 84,233.64. During the session, the index touched an intraday…

India on its part has said that the country’s energy security will drive purchase decisions. (AI image) Days after India and the US announced a trade deal, the government has reportedly urged refiners to consider picking up more crude oil from the US and even Venezuela. US President Donald Trump has removed the 25% tariffs…

In 2024, Bangladesh’s global garment exports were $50.9 billion, which is much higher than India’s $16.3 billion. (AI image) The US-Bangladesh trade deal has the Indian textile sector exporters worried? The Donald Trump administration has reduced the tariffs on Bangladesh to 19%, but a clause of zero tariffs on textile exports may hit the Indian…

Union Budget 2026–27 positions real estate as a downstream beneficiary of infrastructure-led growth. (AI image) By Chintan Patel and Aman MehtaThe Union Budget 2026–27 reinforces a push towards infrastructure driven economic growth, setting a constructive backdrop for India’s real estate sector. While the budget does not introduce direct demand-side incentives for housing, its sharp focus…

The yellow metal is trying to build a base, with $5,000 now the pivotal near-term pivot. (AI image) Gold price prediction today: Gold prices are extending their rally this week, and remain well supported in the long term, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. The expert lists…

UAE Corporate Tax Exemption for Non-Commercial Sports Entities Announced In a significant fiscal and policy shift this week, the United Arab Emirates Ministry of Finance announced a new corporate tax exemption for non-commercial sports entities under Cabinet Decision No. (1) of 2026, marking a major development in how the UAE supports and positions its sporting…