Business

On its first day of trading on the stock market, Lenskart’s failed to match the excitement that had built around its IPO in recent weeks.On Monday, the stock listed at Rs 390 on the NSE, entering 3% lower than the issue price of Rs 402. For a company widely regarded as one of India’s most…

Gold continued its upward momentum on Monday, jumping by Rs 2,033 to settle at Rs 1,23,100 per 10 grams in domestic futures trade. The precious metal has now advanced for four straight sessions, buoyed by strong global sentiment and a weakening US dollar.Data from the Multi Commodity Exchange (MCX) showed that the December gold futures…

Lenskart Solutions entered the Dalal Street on Monday, making a muted debut. After listing, the eyewear giant will be available for trading on both benchmark indices, NSE and BSE.The Lenskart Solutions share listed at Rs 390 on the BSE, offering a discount of 3% on its IPO price, after closing one of the year’s most…

Nuvama maintained its buy rating on UPL with the target price upped to Rs 823 from Rs 808 earlier. Analysts said the company reported strong numbers for July-Sept quarter (Q2FY26) that led to higher outlook for earnings before interest, taxes, depreciation and amortisation (EBITDA), with revenue guidance unchanged. They also said that inventory overhang has…

China has granted exemptions to export controls on Nexperia chips for civilian applications, its commerce ministry said on Sunday, signalling a potential easing of pressure on the global auto industry hit by supply shortages following earlier curbs, Reuters reported.The announcement marks Beijing’s strongest indication yet that it will relax restrictions imposed after the Dutch government…

The US air cargo industry is bracing for fresh turbulence as the Federal Aviation Administration’s (FAA) 10% reduction in flight capacity across 40 major airports collides with the grounding of UPS and FedEx’s McDonnell Douglas MD-11 fleets, deepening pressure on supply chains ahead of the crucial Thanksgiving and holiday shipping season.The FAA ordered airlines to…

Air travel across the United States could soon “slow to a trickle”, Transportation Secretary Sean Duffy warned on Sunday, as the prolonged government shutdown continues to paralyse operations and disrupt flight schedules nationwide, AFP reported.Thousands of flights were cancelled or delayed through the weekend as the Trump administration ordered capacity cuts at 40 airports to…

India’s deeptech sector is on course to become a $30 billion market by 2030, powered by growing defence innovation and a surge in global robotics adoption, according to a report by Redseer Strategy Consultants.The report said India’s deeptech opportunity has expanded 2.5 times over the past five years, with its market base currently estimated at…

The National Company Law Tribunal (NCLT) has approved the merger of Suzuki Motor Gujarat Pvt Ltd with its parent company, Maruti Suzuki India Ltd, marking a key consolidation move for the country’s largest carmaker.A two-member bench of the Principal Bench in New Delhi, comprising President Ramlingam Sudhakar and Member Ravindra Chaturvedi, sanctioned the scheme of…

Representative image (Picture credit: ANI) Pakistan’s manufacturing industry, once considered a key driver of economic growth and employment, is undergoing one of its worst downturns in recent history. The sector has seen a steep 46 per cent fall in private investment over the past six years, raising fears of long-term stagnation among economists and industrial…