Business

Global brokerage Goldman Sachs has turned optimistic on Indian banking stocks, saying improving financial conditions, low earnings expectations, and attractive valuations position the sector for a strong comeback.As per ET, the firm expects the Nifty Bank index to outperform the broader market, projecting up to 30% upside for banks and non-banking financial companies (NBFCs). Easier…

The Indian economy has demonstrated resilience despite global uncertainty and weak external demand, supported by “strong and durable macroeconomic fundamentals,” according to the Reserve Bank of India’s (RBI) October bulletin released on Monday. The bulletin’s article on the ‘State of the Economy’ highlighted that India’s growth momentum continues, with signs of revival in urban demand…

From last Diwali to now, Gold has surged 64%, silver 85%, while Nifty 50 delivered only 6.5%, making it a clear win for precious metals. (AI image) The big question for investors on Diwali is what asset class should they bet on – gold or stocks? Gold and silver prices have been hitting new lifetime…

The European Union has agreed to phase out its remaining gas imports from Russia by the end of 2027, a move aimed at ending its long-standing energy dependence on Moscow.The decision was taken by EU energy ministers during a meeting in Luxembourg on Monday, who approved a plan by the European Commission to gradually eliminate…

India is rapidly establishing itself as a global leader in services exports, with a compound annual growth rate (CAGR) of 14.8 per cent over the past three decades, outpacing goods exports, which grew at 9.8 per cent, said National Stock Exchange (NSE) officials. According to news agency PTI, NSE chief economist Tirthankar Patnaik said, “India…

Several UK businesses are viewing the India-UK Free Trade Agreement (FTA) as a “game-changer”, accelerating expansion plans and prompting many firms without a presence in India to enter the market, according to a new report by Grant Thornton.The ‘International Business Report’ (IBR) found that 72 per cent of UK firms now consider India a key…

India’s information technology (IT) services sector is showing tentative signs of demand stabilisation, even as visibility into calendar year 2026 remains uncertain, according to a report by Goldman Sachs.The report highlighted that major IT firms reported sequential revenue growth in the latest quarter, with the sector expanding 1.5 per cent quarter-on-quarter. “While there are early…

Copper demand in the United States and India is set to outpace China over the next ten years, even as growth slows in the world’s biggest consumer of the metal. While China will continue to lead the market, analysts say that other regions and factors are likely to play a bigger role in shaping global…

Asian markets rose on Monday, boosted by Japan’s Nikkei, as the country moves closer to naming its first female prime minister. Investors are also watching US inflation data due this week, expected to have only a minor impact on plans for further rate cuts. Nikkei rallied 1383 points, up 2.9% to reach 48,965. Hong Kong’s…

China has long criticised the United States for overstepping its boundaries to control foreign companies. Yet this month, Beijing did almost the same thing.To push back against Washington’s trade battle, China is now adopting US-style tactics.The south Asian giant announced a move, similar to the US, under which foreign firms must now get the Chinese…