Business

As the National Stock Exchange (NSE) moves closer to its long-awaited IPO, ace investor Radhakishan Damani‘s early-stage investment in the bourse is delivering massive paper gains. His 1.58% stake—equivalent to 3.91 crore shares—is currently valued at around Rs 9,300 crore in the unlisted market, based on the latest grey market price of Rs 2,389 per…

China’s escalating export curbs on critical minerals are no longer just strategic warnings but a direct challenge to India’s industrial ambitions, think tank Global Trade Research Initiative (GTRI) said on Thursday, urging immediate action through reverse-engineering and localisation of key imports to reduce dependency on Beijing.“India must act to slash Chinese import dependence. There is…

India’s quick commerce industry is sprinting ahead in metros, but non-metro cities continue to trail behind, held back by weak demand, low digital adoption, and entrenched local shopping habits, according to a report by Redseer.The sector expanded nearly 150% year-on-year in the first five months of 2025, driven by aggressive rollout of dark stores, rapid…

India’s residential real estate market witnessed a broad-based increase in home prices in the first half of 2025, led by surging demand for premium homes. With a growing share of high-value transactions and sustained end-user appetite for upscale living, the pricing momentum has clearly shifted upward.Average housing prices rose across all major cities, with the…

US stocks inched higher on Thursday and Treasury yields surged after stronger-than-expected jobs data tempered expectations of a rate cut in July, pushing the S&P 500 to its fourth all-time high in five trading days.The S&P 500 rose 0.3%, continuing its record-breaking run, while the Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average added…

The Confederation of Indian Industry (CII) has called for a comprehensive overhaul of India’s critical minerals policy, urging the government to allow automatic mining rights to companies awarded Exploration Licences. The industry body also pressed for viability gap funding and focused Free Trade Agreement (FTA) provisions to secure strategic mineral supply chains.“Environmental regulations should be…

The US labour market continues to defy expectations, with jobless claims falling and payrolls expanding, even as tech giants announce thousands of job cuts. New government data released Thursday showed a drop in unemployment claims alongside stronger-than-expected hiring in June. Jobless claims for the week ending June 28 declined by 4,000 to 233,000, the Labor…

India’s sugar sector has grown into a Rs 1.3 lakh crore annual industry, playing a key role in rural development, energy independence, and green fuel production, Union Food minister Pralhad Joshi said on Thursday.Speaking at the ‘Cooperative Sugar Industry Conclave 2025’ and ‘National Efficiency Award Ceremony’, Joshi credited policy reforms under Prime Minister Narendra Modi’s…

Italian luxury fashion house Prada is set to engage in a high-level virtual meeting with the Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA) on July 11 to explore a possible collaboration on a Kolhapuri chappal-inspired men’s sandal line. The discussions come in response to growing calls for recognition of Indian craftsmanship after the brand…

File photo: CII President Rajiv Memani (Picture credit: PTI) The Confederation of Indian Industry (CII) on Thursday projected India’s economic growth to range between 6.4 per cent and 6.7 per cent in the financial year 2025-26, driven largely by strong domestic demand. However, it flagged geopolitical uncertainty and risks to global trade as potential headwinds…