Wall Street opened lower on Thursday, with Nasdaq leading the losses, as the first round of earnings from Big Tech companies renewed concerns over their huge spending on artificial intelligence. At the same time, oil prices breaching the $100 per barrel levels amid rising tensions in the Middle East also down on market sentiment.Around 9…
Consumers buying premium petrol from state-run fuel retailers will continue to get ethanol free fuel. The Centre on Thursday clarified that these specialised grades will remain exempt from the Ethanol Blended Petrol (EBP) programme. It further added that, currently, there is no proposal either to bring back E0 or E10 petrol or to raise ethanol…
For decades, the Strait of Hormuz has been the world’s most critical oil gateway, with millions of barrels of crude passing through it every day. But repeated disruptions to oil supplies across the globe have exposed just how vulnerable that dependence is, prompting Gulf nations to resort to an ambitious network of pipelines designed to…
One of the less discussed changes under the new labour framework relates to the timeline for payment of wages when employment comes to an end. You have a new job. But what about the money owed by the old one?Changing jobs is usually associated with excitement. There may be a better role, higher salary, new…
The prolonged US-Iran conflict has taken a heavy toll on Indian airlines, with around 26,000 international flights cancelled till July 20 as carriers continue to grapple with airspace restrictions across the Middle East.Apart from the large-scale cancellations, airlines have also faced flight diversions and delays, while longer flying routes have increased fuel consumption and operating…
File photo: A view of India’s first hydrogen-powered train between Jind and Sonipat (Picture credit: ANI) India’s first hydrogen fuel cell-powered passenger train has covered around 900 kilometres during the first five days of its commercial operations on the Jind-Sonipat route in Haryana, according to an official statement issued on Wednesday.The train, which was flagged…
MUMBAI: Axis Asset Management Company will acquire the portfolio management services business of Axis Securities, adding over 2,500 investors and taking its PMS assets under management to around Rs 15,000 crore.The acquisition is among the largest PMS deals in India by investor count and will see the acquired business operate under “Alternates by Axis AMC”….
Stock market today: Sensex, Nifty fall for second day Indian benchmark indices closed lower for the second consecutive session on Tuesday as weakness in HDFC Bank and rising geopolitical tensions in West Asia kept investors on edge. The BSE Sensex fell 238.41 points (0.31%) to close at 77,470.11, while the NSE Nifty50 declined 50.80 points…
The tariffs have significant implications for India, which supplies nearly 47% of generic prescriptions India’s $30-billion pharma industry is staring at a fresh challenge after US President Donald Trump announced that generic medicines imported into the US would face tariffs of 100% from Aug 2028 and 200% a year later, unless companies relocate manufacturing to…
RBI said that the domestic economy has navigated a “tumultuous phase” MUMBAI: Liquidity conditions have improved further, supporting robust credit growth even as India’s external sector remains steady with an improving outlook aided by foreign investment inflows, RBI said in its latest State of the Economy report, noting that the domestic economy has navigated a…
