Thursday, September 10
President Donald Trump on Tuesday offered his assurances that US troops would not be sent to help defend Ukraine against Russia after seeming to leave open the possibility the day before.Trump also said in a morning TV interview that Ukraine's hopes of joining NATO and regaining the Crimean Peninsula from Russia are "impossible." The Republican president, Ukrainian President Volodymyr Zelenskyy and other European leaders held hours of talks at the White House on Monday aimed at bringing an end to Russia's war against Ukraine. While answering questions from journalists, Trump did not rule out sending US troops to participate in a European-led effort to defend Ukraine as part of security guarantees sought by Zelenskyy.Trump said after his meeting in Alaska last week with Russian President Vl
Investors who focused on specific sectors and themes have fared better than those who bet on benchmark indices in 2025, which has been a rollercoaster year for the stock market, according to an ET study. The benchmarks Sensex and Nifty moved up 4.5% and 5.6%, respectively, this year, while NSE Defence, Capital Markets, Auto, Bank, Metal, and India Consumption indices gained between 7% and 19% in 2025. Out of the 13 sectoral and thematic indices used in the study, seven have advanced and six have declined this year. While most of the indices saw a mix of outperformers and laggards, Nifty’s IT index only had laggards. 123396678123396683In contrast, in the 12-share Nifty Bank index, only IndusInd Bank has declined this year. The index is up 9.8% year-to-date.
The Employees’ Provident Fund Organisation added a record 2.18 million net formal jobs in June, which is the highest recorded addition since payroll data tracking began in April 2018, shows the provisional payroll data released by the ministry of labour and employment..The net new jobs added in June were 8.9% higher when compared to May 2025 when 2.01 million net formal jobs were added to the retirement fund body, the ministry said in a statement on Wednesday. As per the data, EPFO witnessed a year-on-year increase of 12.9% when compared to 1.93 million net new jobs added in June 2024.The data further shows that EPFO enrolled around 1.06 million new subscribers in June 2025, which was a growth of 12.6% when compared to May 2025 and a year-on-year increase of 3.61%. “This increase in ne
Mumbai: Citi said the Securities and Exchange Board of India's proposal to ease minimum public offer rules for mega Initial Public Offerings (IPOs) could remove a key hurdle for Reliance Jio's listing.According to the regulator, companies with a post-issue market capitalisation above ₹5 trillion (₹5 lakh crore) would only need to float at least 2.5% of shares, instead of the current 5% requirement.For Jio Platforms, valued by Citi at about $135 billion (₹11.7 lakh crore) in enterprise value with equity worth over $120 billion (₹10.4 lakh crore) - a lower threshold would halve the offer size to over $3 billion, compared with $6 billion under existing rules, the brokerage said."A 5% public offer would amount to $6 billion+ of share supply, which is fairly large for the Indian market
Mumbai: The rupee Tuesday climbed 40 paise past the 87/$ mark to its highest level in August, as sentiment improved on expectations of faster indirect-tax reforms. Traders said a sharp decline in crude oil prices, the costliest and most frequent line item in India's import bill, also helped.An upgrade in sovereign ratings for the first time since the global financial crisis provided some much-needed ballast to the local unit, which closed Tuesday at 86.9550/$ in Mumbai. It ended Monday at 87.35/$1. "The Indian rupee outperformed among the Asian currencies due to risk-on sentiments," Dilip Parmar, senior research analyst at HDFC Securities.123396516During Tuesday's session, the rupee gained 0.45%, its steepest single-day rise since July 3. Although overseas funds were net sellers of equitie
