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Shares of the Mumbai-based private lender - IndusInd Bank - jumped 5.72% - the most in two months (since April 15), hitting an intraday high of ₹855.50 on the National Stock Exchange. Shares of IndusInd Bank jumped 5.69% to hit an intraday high of ₹855.20 on the BSE after global investment bank Nomura maintained a positive outlook on the stock. IndusInd Bank is on a turnaround path, according to Nomura, which highlighted that most of the bank's legacy issues are now resolved. The global investment bank expects IndusInd Bank's return on assets (RoA) to grow steadily to 1% by FY27.…

New Delhi, June 17 Gold prices in the national capital on Monday fell by Rs 170 to Rs 1,01,370 per 10 grams amid weak global trends, according to the All India Sarafa Association. The precious metal of 99.9 percent purity had closed at Rs 1,01,540 per 10 grams on Friday. Gold of 99.5 percent purity fell by Rs 150 to Rs 1,00,550 per 10 grams (inclusive of all taxes). The metal had closed at Rs 1,00,700 per 10 grams in the previous session. Besides, the price of silver on Monday fell by Rs 1,000 to Rs 1,07,100 per kg (inclusive…

New Delhi, June 16: Zinc prices rose marginally to Rs 250.55 per kg in futures trade on Monday on strong spot demand. The price of zinc contract for July delivery rose 35 paise, or 0.14 per cent, to Rs 250.55 per kg on the Multi Commodity Exchange in a business turnover of 1,787 lots. Zinc prices rose in futures trade as participants increased their deal sizes following a pick-up in demand from consuming industries, market sources said.

SpiceJet on Saturday reported a nearly three-fold jump in its standalone net profit for the fourth quarter of FY25. The budget carrier reported a standalone net profit of ₹324.87 crore in the March 2025 quarter, a 174% rise from ₹118.9 crore in the corresponding quarter of the previous fiscal. The company's operating revenue declined 16% y-o-y to ₹1,446.37 crore from ₹1,719.37 crore in the fourth quarter of FY25. SpiceJet achieved a passenger load factor (PLF) of 88.1% in Q4FY25, while revenue per available seat kilometre (RASK) stood at ₹5.33 during the quarter. SpiceJet FY25 Results For the full financial year…

India's retail inflation fell to 2.82% in May from 3.16% in April, the lowest year-on-year rise in consumer prices since February 2019, government data showed on Thursday. This is the fourth consecutive month that inflation has been below the RBI's 4.0% medium-term target, the longest streak in nearly six years. The decline was mainly due to a sharp fall in food inflation, which eased to 0.99% in May from 1.78% in the previous month amid lower prices of pulses, vegetables, fruits, cereals, eggs, sugar and household goods. "The significant decline in core inflation and food inflation in the month of…

New Delhi, June 12: Copper futures rose 0.13 percent to Rs 885 per kg on Wednesday due to increased spot demand. The copper contract for July delivery rose by Rs 1.15 or 0.13 percent to Rs 885 per kg on the Multi Commodity Exchange. 2,275 lots were traded in it. Analysts attributed the rise in copper prices to higher bets by participants.

New Delhi, June 11: Gold prices rose by Rs 154 to Rs 97,056 per 10 grams in futures trade on Wednesday as speculators created fresh deals due to strong spot demand. On the Multi Commodity Exchange, the price of gold contracts for August delivery rose by Rs 154, or 0.16 percent, to Rs 97,056 per 10 grams in a business turnover of 13,323 lots. Analysts said fresh buying by participants led to the rise in gold prices. Globally, gold futures rose 0.49 percent to $3,359.90 an ounce in New York.

Mumbai, June 10 Domestic two-wheeler sales are expected to grow 8-9 percent this fiscal, surpassing pre-Covid-19 levels, a report said on Monday. This includes several other factors including moderating inflation and the possibility of a favourable monsoon.The CareEdge Ratings report also mentioned that the domestic two-wheeler industry has maintained a healthy growth of 8 percent, 10 percent and 11 percent in FY23, FY24 and FY25, respectively.Sales growth in FY25 was supported by a 21 percent export recovery and a 9 percent growth in domestic sales. It said the improvement in exports was led by stability in key markets impacted by…

Maharashtra and Karnataka have emerged as the top destinations for foreign direct investment (FDI) in India during FY2024-25, accounting for more than half of the country's total inflows, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT).Maharashtra topped the FDI table with foreign inflows of USD 19.6 billion, accounting for 31% of India's total FDI during April-March FY2025.Karnataka stood second with foreign investments of USD 6.62 billion, helping the two states collectively grab 51% of the total inflows. DPIIT data shows Delhi ranked third with USD 6 billion, followed by Gujarat (USD 5.71 billion),…

New Delhi, June 6: Silver prices rose by Rs 80 to Rs 1,01,460 per kg in futures trade on Thursday as participants increased their bets. At the Multi Commodity Exchange, the price of silver contracts for July delivery rose by Rs 80, or 0.08 percent, to Rs 1,01,460 per kg in a business turnover of 17,560 lots. Analysts said fresh deals by participants led to the rise in silver prices. Globally, silver was trading 0.10 percent lower at $34.46 per ounce in New York.