calender_icon.png 23 May, 2025 | 12:21 PM

Market/Money

Core sector growth hits 8-month low

21-05-2025

The combined Index of eight Core Industries (ICI) hit an 8-month low of 0.5% in April 2025. The slow growth can be attributed to a negative growth in the production of crude oil, refinery products and fertilisers. The eight sectors, coal, crude oil, refinery products, natural gas, steel, cement, electricity and fertilizer, had expanded by 6.9% in April 2024.

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US tariff turmoil will negatively impact debt issuers: Moody’s

21-05-2025

Moody's Ratings on Tuesday said the uncertainties around US tariffs have negative credit consequences for debt issuers across emerging markets, including companies, governments and banks.

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FM warns ‘delays in regulatory clearances can lead to uncertainty’

21-05-2025

Delays in regulatory clearances can lead to uncertainty and disrupt commercial timelines, Finance Minister Nirmala Sitharaman said on Tuesday as India negotiates trade deals with various countries, including the US. According to Sitharaman, also the Corporate Affairs Minister, it is imperative that regulatory frameworks, while maintaining rigorous oversight, also facilitate swift and seamless approvals for combinations that pose no harm to competition.

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Ambani couple, Premji in Time 100 philanthropy list

21-05-2025

Billionaire industrialist Mukesh Ambani and Nita Ambani, former Wipro chairman Azim Premji and Zerodha co-founder Nikhil Kamath have been named Tuesday by Time magazine in its inaugural list of the 100 most influential people in philanthropy.

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Tata Steel targets `11,500 cr ‘cost takeouts’ across geographies: CFO

19-05-2025

Tata Steel, which is expanding operations in India and is in a transition phase in Europe, is targeting “cost takeouts” of Rs 11,500 crore (about $1.3 billion) across geographies by focusing on controllable costs, the company's ED and CFO Koushik Chatterjee said.

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Oil regulator mandates LNG terminals’ registration

19-05-2025

The oil regulator has made it mandatory for companies planning to establish new liquefied natural gas (LNG) import terminals or expand existing ones to obtain prior approval, but dropped the requirement to reserve a portion of the terminal capacity for third-party access.business outlook.

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