Business

US equities moved in mixed territory early Wednesday, with technology stocks continuing to weigh on sentiment, while gold prices rebounded and moved back above the $5,000-per-ounce mark as investors sought safe-haven assets.The S&P 500 slipped 0.1% in early trade, coming off its fourth modest decline in the last five sessions. The Dow Jones Industrial Average…

NEW DELHI: After its narrow body operations, IndiGo will now cut its Europe & UK flights mounted on wide body aircraft too. Copenhagen flights will be suspended till further notice from Feb 17. The airline says its twin aisle operations have “faced external operational constraints; continuously changing airspace constraints due to geo-political circumstances and congestion…

The government has planned to manufacture 260 rakes of Vande Bharat Sleeper trainsets as part of efforts to upgrade long-distance rail travel with advanced safety systems and passenger comfort features, according to Union minister Ashwini Vaishnaw in a written reply in the Lok Sabha.The programme will be executed in phases covering prototype development, testing, trials…

The Reserve Bank’s rate-setting panel began its two-day deliberations on Wednesday, with markets closely watching whether borrowing costs could fall further amid supportive macro conditions and improving sentiment.The six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, started discussions on the next set of bi-monthly interest rates against the backdrop of a growth-focused…

Benchmark indices ended the day with modest gains, supported by stock-specific buying in select large-cap counters despite a largely sideways trading session. The Sensex closed at 83,817.69, up 78.55 points, while the Nifty50 settled at 25,776.00, gaining 48.45 points and remaining above the 25,750 mark.Trent and Eternal were among the top performers, rising around 5…

MUMBAI: Bajaj Finserv reported consolidated profit after tax of Rs 2,229 crore for the December quarter, flat compared with Rs 2,231 crore a year earlier, as higher provisions and one-time charges offset underlying growth across its businesses. Excluding these exceptional items, consolidated profit after tax rose 32% year-on-year to Rs 2,936 crore .Bajaj Finance, the…

India can save almost $3 billion just by stepping up its crude import game! A recent report by SBI stated that by replacing a portion of Russian supplies with Venezuelan heavy crude and updating its import strategy, India can get several cost advantages. The assessment notes that New Delhi could lock in notable savings by…

NEW DELHI: Union commerce and industry minister Piyush Goyal on Wednesday defended the India-US bilateral trade agreement in the Lok Sabha, saying India had “successfully safeguarded” its sensitive sectors, particularly agriculture and dairy, after nearly a year of negotiations between the two sides. “As the Members of the House are aware, since Prime Minister Narendra…

Gold, silver price prediction Gold price predictiontoday: Gold and silver prices are recovering this week, but are expected to see volatility in the coming days, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. He shares his outlook for gold and silver prices in the coming days:Gold was seen recovering…

Asian equities traded mixed on Wednesday as losses in US technology stocks continued to weigh down sentiment, while precious metals inched higher as investors flocked to safe-haven assets.Hong Kongs HSI was down 26 points to 26,807 at 10:55 am IST. In Japan, Nikkei fell over 539 points or 0.99% to 54,180. Shanghai and Shenzhen were…