Business

Wall Street recovered some ground on Monday as technology and semiconductor stocks linked to the artificial intelligence (AI) boom bounced back from Friday’s sharp sell-off while oil prices eased from overnight peaks despite continued tensions between Israel and Iran.The S&P 500 rose 0.7% after suffering its worst daily decline since October on Friday. The Dow … Read more

India recorded a current account surplus of $7.1 billion, equivalent to 0.7% of GDP, in the January-March quarter of FY26, according to Reserve Bank of India data released on Monday.The surplus was lower than the $13.7 billion, or 1.4% of GDP, recorded in the corresponding quarter of FY25, according to news agency PTI.However, for the … Read more

By Dipti DeshpandeThe Reserve Bank of India’s Monetary Policy Committee (MPC) in its June policy review unanimously decided to leave policy rates unchanged and retain a neutral policy stance – an outcome that was largely expected. At 5.25%, the repo rate remains below its decadal average and the levels seen in fiscal 2014 when the … Read more

Finance minister Nirmala Sitharaman on Monday said more than 58 crore Jan Dhan accounts have brought crores of Indians into the formal banking system, strengthening financial inclusion across the country.The Pradhan Mantri Jan Dhan Yojana (PMJDY) has ensured that benefits under welfare schemes, low-cost insurance and pension programmes reach beneficiaries without leakages, the Finance Minister’s … Read more