Oil shares took a significant hit on Monday, following US President Donald Trump's announcement of new tariffs, triggering concerns of a global trade war. Tariffs included a 25% levy on Canada and Mexico, and a 10% tariff on China, sparking fears of economic slowdown and a decline in oil demand. As a result, major oil stocks suffered sharp declines, with Hindustan Petroleum Corp. falling the most at 7.13%.

BloombergQuint | Latest and Live Business, Market, Political and Economy News

03.02.2025

UPL Shares Extend Rally After Budget 2025 Gives Agriculture Sector A Boost

UPL Ltd.'s shares continued to rise after the Budget as the agriculture sector got a push from the government. The momentum is also supported by the third-quarter earnings of the company that beat estimates. The PM Dhan Dhanya Krishi Yojana scheme is set to augment post-harvest storage at Panchayat, block level. It aims to improve the availability of short-, and long-term credit and benefit 1.5 crore farmers.

BloombergQuint | Latest and Live Business, Market, Political and Economy News

03.02.2025

Manufacturing PMI Expands To A Six-Month High Of 57.7 In January

Rising from December's one-year low of 56.4 to 57.7 in January, the HSBC India Manufacturing Purchasing Managers’ Index signaled a robust improvement in the health of the sector. The rate of expansion was the quickest since last July and outpaced its long-run average, stated the press release, published on Monday.

BloombergQuint | Latest and Live Business, Market, Political and Economy News

03.02.2025

RVNL, Titagarh Rail, Jupiter Wagons, Rites — Railway Stocks Derail As Capex Growth Eases

Railway stocks, led by public-sector players like Rites Ltd., Rail Vikas Nigam Ltd. and RailTel Corp., declined for the second day in a row on Monday as the Union Budget 2025 kept spending level unchanged, dampening growth prospects for the sectoral players.

home›BloombergQuint | Latest and Live Business, Market, Political and Economy News

BloombergQuint | Latest and Live Business, Market, Political and Economy News

Economy

HPCL, BPCL Hit Hard Amid Trump Tariff Scare, Jefferies Cuts Target Price For OMCs

UPL Shares Extend Rally After Budget 2025 Gives Agriculture Sector A Boost

Manufacturing PMI Expands To A Six-Month High Of 57.7 In January

RVNL, Titagarh Rail, Jupiter Wagons, Rites — Railway Stocks Derail As Capex Growth Eases

home
›
BloombergQuint | Latest and Live Business, Market, Political and Economy News