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The US has rejected India's claim that its 50% copper tariffs are WTO safeguard measures, stating no basis for India's proposed duty suspension on American goods. Washington asserts the tariffs, imposed August 1, are national security measures under Section 232, aiming to reduce foreign dependence on critical copper imports.
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News and Media
Gold and silver prices are climbing again after a recent fall. Demand has shifted from the festive season to upcoming wedding purchases. This surge is linked to a weaker US dollar and concerns over a US government shutdown. Investors are showing renewed interest in these precious metals as safe-haven assets.
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News and Media
Fujiyama Power launches Rs 828 crore IPO with a price band of Rs 216228 per share. Proceeds to fund new facility, repay debt, and support expansion plans.
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News and Media
Nuvama Institutional Equities initiated coverage on Swiggy with a Buy rating and a target price of 510, citing its strong scale, improving profitability in food delivery, and early recovery in quick commerce. The brokerage highlighted Swiggys turnaround in execution, noting it now outpaces Zomatos growth and stands among Indias largest hyperlocal delivery players.
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News and Media
Brokerages, including Jefferies, Motilal Oswal, Elara Capital, and HDFC Securities, have trimmed target prices for Trent to as low as Rs 4,300 following Q2 results, citing growth deceleration, weak like-for-like sales, and muted consumer sentiment. Despite stable margins, analysts flagged moderation in revenue momentum and advised caution amid rising competition and valuation concerns.
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News and Media
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