Business

The latest SBI Research report indicates that swift rate cut transmission results in immediate downward pressure on deposit rates. (AI image) Sub-7 day fixed deposits soon? The Reserve Bank of India (RBI) has requested feedback from banks regarding the possibility of offering term deposits with durations shorter than seven days. Banks are required to provide their input before the end …

The facility will manufacture Airbus’ popular H125 civil helicopter for Indian and regional markets. (Image of H125 courtesy Airbus) Airbus, the European aviation giant, and Tata Advanced Systems (TASL), the aerospace division of the Tata group, are looking to establish a Final Assembly Line (FAL) for H125 helicopters in Kolar, Karnataka.The facility will manufacture Airbus’ popular H125 civil helicopter for …

Gold may fall further on easing trade tensions following President Trump delaying the European tariff to July 9. (AI image) Gold price prediction today: Gold rates have been fluctuating in the last few weeks and no clear upside or downside is obvious. Global events, such as Donald Trump’s tariff moves and geopolitical conflicts are shaping the movement of gold prices …

Asian shares traded mostly lower in a narrow range on Tuesday following a muted session, with US markets closed for the Memorial Day holiday. US futures were flat, while oil prices dipped ahead of key economic data releases, including consumer confidence and housing prices, due later in the day. In Tokyo, the Nikkei 225 slipped 0.2% to 37,451.60 after Bank …

Market analysts anticipate continued upward momentum in Indian markets. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Tuesday. While Nifty50 went below 24,750, BSE Sensex was trading below 81,400. At 10:16 AM, Nifty50 was trading at 24,754.95, down 246 points or 0.98%. BSE Sensex was at 81,321.75, down 855 points …

Sweden-based car maker Volvo Cars says it will cut around 3,000 jobs as part of its cost-cutting measures. The firm says the layoffs will mainly impact office-based positions in Sweden, representing about 15% of its white collar workforce. Last month, Volvo Cars, which is owned by Chinese group Geely Holding, announced an 18 billion Swedish kronor ($1.9bn; £1.4bn) “action plan” …

Top stocks to buy today (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, CAMS (Computer Age Management Services) and Inox Wind are the top stocks to buy today:CAMS – Buy in the range between Rs 3980 & Rs 3990; Stop Loss: Rs 3838; Target: Rs 4199CAMS (Computer Age Management …

The government is promising more training for under-21s in England, as it presses ahead with controversial plans to scrap funding for postgraduate apprenticeships. Only students under the age of 21 will qualify for funding for level 7 apprenticeships – the highest level, considered equivalent to a master’s degree – under the plans confirmed on Tuesday. This means many higher apprenticeships …

Devina Gupta Business reporter Mansukh Prajapati An earthquake changed the life of Mansukh Prajapati For Mansukh Prajapati, childhood in the western Indian city of Morbi began before sunrise, with a six-mile walk to collect clay for their family business. “My father was a potter,” he recalls. Often he would wake up to the rhythmic sound of his father at work …

BENGALURU: Investment platform Groww has confidentially filed for an IPO with markets regulator Sebi, a newspaper advertisement showed on Monday. The offering is expected to raise between $700 million and $1 billion through a mix of fresh issue and an offer for sale, people familiar with the matter said. The proceeds will be used to invest in tech and expand …