Chinese President Xi Jinping expressed gratitude to US President Donald Trump and First Lady Melania Trump for their hospitality. During a state dinner, Xi highlighted the need for nurturing the friendship between China and the United States. He recalled Trump’s visit to China earlier in the year and the agreements made between the two leaders. Together, they looked to strengthen their bilateral relations moving forward.
In an effort to improve its financial health, Runwal Enterprises is set to raise ₹500 crore through a fresh issue primarily aimed at debt repayment. As a result of the upcoming IPO, the stake of the promoter group will diminish, potentially altering their influence over the firm. Concentrating mainly in Mumbai, the company showcases its regional market strength.
During the 81st United Nations General Assembly, Pakistan Prime Minister Shehbaz Sharif avoided questions about Hafiz Saeed. Reporters asked him multiple times about his stance on terrorism and Saeed's prosecution. India's representative criticized Pakistan for its focus on terrorism rather than addressing economic struggles. The remarks highlighted issues in Pakistan-occupied Kashmir, drawing attention to humanitarian crises and suppression of civilians.
Australian and New Zealand 10-year government bonds slipped in early Asian trading. The yield on a global bond index hit 4% for the first time since 2007.
The electric commercial vehicle maker, founded in 2017, operates a 3,300-bus fleet spanning 34 cities across India
The proposed public issue was disclosed by JSW One in a filing late Thursday
On Thursday, Yemen's Iran-aligned Houthis claimed to have attacked sensitive targets in Saudi Arabia's Riyadh and Yanbu. They reported missile and drone strikes targeting Saudi Aramco facilities and the capital city. This occurred after Saudi Arabia intercepted ballistic missiles aimed at Taif and Yanbu. Currently, there is no confirmation about the outcomes of the attacks from Saudi authorities.
US President Donald Trump hosted a state dinner for Chinese President Xi Jinping at the White House. During the dinner, Trump highlighted the importance of US-China relations despite existing differences between the nations. Jinping received a gift of a bald eagle statue, symbolizing the United States, designed by an American artist. Trump expressed a desire for the statue to be displayed prominently in Beijing.
Benchmark Nifty declined by 1.6% due to rising global uncertainties and elevated crude prices. Analysts predict weakness in Indian equities amid geopolitical tensions and market fluctuations. The immediate support level for the index is identified at 23,000, with resistance at 23,200. Foreign portfolio investors sold shares worth Rs 5,027 crore, while domestic investors bought shares worth Rs 4,201 crore. The rupee also weakened against the US dollar amid these developments.
Indian equity markets saw significant declines, with the NSE Nifty 50 index dropping by over 380 points. PB Fintech experienced a sharp 36% plunge after regulatory changes. Waaree Energies expanded into the specialty gases business to supply semiconductor manufacturers. Dr Lal PathLabs approved the acquisition of a majority stake in SN Genelab Private Ltd. Several companies, including JSW Cement, faced regulatory scrutiny amid ongoing market fluctuations.
The US 10-year Treasury yield moved above 5.10%, while Brent crude remained above $102 a barrel, raising concerns over global liquidity, inflation and India's import bill.
