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Japan’s rice market is undergoing a quiet but significant shift as rising domestic prices force restaurants and supermarkets to embrace imported alternatives, especially American Calrose rice. | Photo Credit: KIM KYUNG-HOON/Reuters When a severe rice shortage sent prices skyrocketing in Japan last year, Tokyo restaurant owner Arata Hirano did what had once seemed unthinkable: he…
Indian markets are set for a weak opening on Thursday, with Gift Nifty indicating a 180-point gap-down for the Nifty amid mixed global cues. Domestic markets are expected to open on a weak note amid mixed global cues. Gift Nifty at 23,255 indicates a gap-down opening of around 180 points for the Nifty. However, Asian…
Here’s an interesting stock idea: The stock idea that we have for you today is LIC Housing Finance. The stock has surged about 7 per cent so far this week breaking above a key resistance. That leaves the outlook bullish. We expect the share price to go up further in the coming days. Let us…
InterGlobe has expanded its overseas hospitality portfolio with the launch of Templeton Garden hotel in London. This is the company’s fourth overseas hotel under the Miiro brand and follows its launches in Paris, Barcelona and Gstaad (Switzerland). The hotel situated in the historic Earl’s Court area has 156 rooms and suites. CEO of Miiro Neena…
Real estate major DLF on Wednesday said it is selling its IT SEZ park in Kolkata to Srijan Group for around ₹693 crore in a slump sale. “The company today entered into a definitive Master Framework Agreement (MFA) with Srijan Realty and its subsidiary company(ies) for the sale of its IT/ITeS SEZ comprising freehold land…
Fed Chair Jerome Powell | Photo Credit: KEVIN LAMARQUE/Reuters The tariffs rolled out by President Donald Trump were larger than even the highest estimates prepared by the Federal Reserve ahead of time, Fed Chair Jerome Powell said on Wednesday. “The tariffs are larger than forecasters had expected, certainly larger than we expected, even in our…
U.S. Federal Reserve Chair Jerome Powell s | Photo Credit: KEVIN LAMARQUE/Reuters Federal Reserve Chair Jerome Powell said on Wednesday that trade policies pursued by the Trump administration will create challenges for the central bank to meet its job and inflation mandates this year. The new trade policies represent significant change, Powell said in an…
Federal Reserve Board Chairman Jerome Powell | Photo Credit: TOM BRENNER/Reuters Federal Reserve Chair Jerome Powell suggested on Wednesday hopes the central bank will step in to tamp down on market volatility are likely misplaced. “What I think is going on in markets is markets are processing what’s going on, markets are struggling with a…
Closeup shot of two businessmen shaking hands in an office istock photo for BL | Photo Credit: Cecilie_Arcurs United India Insurance Company Ltd (UIICL), a public sector non-life insurer, has partnered with the Small Industries Development Bank of India (SIDBI) to distribute general insurance products tailored for the MSME sector. The tie-up aims to provide…
Impact of the discrepancies amount to ₹15.2 billion, or 2.27% of the bank’s net worth as of Q3FY25 | Photo Credit: REUTERS The lower amount of financial hit that IndusInd Bank will take on its balance sheet due to discrepancies found in its derivatives book, as assessed by an external auditor, is seen as incrementally…
