Wall Street traded mixed on Thursday after a weaker-than-expected US jobs report strengthened expectations that the Federal Reserve could hold off on raising interest rates at its upcoming meeting.Around 8:15 PM IST, the Dow Jones Industrial Average gained 392.58 points, or 0.75%, to trade at 52,697.82. The S&P 500 also edged higher, rising 18.27 points, … Read more
AI generated image, used only for representational purpose Every next electric vehicle in India will reduce not just petrol usage, but also help cut down the country’s crude oil import bill! According to a recent report by State Bank of India (SBI), the country could save nearly Rs 1 lakh crore if electric vehicles account … Read more
MUMBAI: Average daily UPI volumes rose to 75.7 crore in June from 74.8 crore in May, up 1.2% month-on-month, while average daily value held steady at Rs 96,405 crore against Rs 96,465 crore, down 0.1%. According to National Payments Corporation of India, this stability in daily run rates came even as headline monthly numbers softened … Read more
File photo: PM Modi with Japanese PM Takaichi India and Japan are set to sign an agreement to strengthen liquefied natural gas (LNG) supply security amid ongoing global supply chain disruptions, with the pact expected to be concluded during Thursday’s annual summit between Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi.The two countries … Read more
The rupee had slipped to a record low of 96.96 against the US dollar on May 20. According to market participants, repeated RBI intervention prevented the currency from breaching the psychologically important 97-per-dollar mark. After sustained intervention by the Reserve Bank of India’s (RBI) to support the rupee during a period of heightened volatility triggered … Read more
45% of homes will need electrical upgrades to charge EVs: Study NEW DELHI: Amid the push for EVs and Delhi govt’s policy of stopping registration of CNG- and petrol-fuelled threewheelers from Jan 2027 and two-wheelers from April 2028, a study released Tuesday has found nearly 45% of Indian homes need electrical upgrades to safely charge … Read more
The US-Iran peace deal could provide support to India’s economic growth by helping normalise supply chains The interim peace deal between Iran and the United States could provide support to India’s economic growth by helping normalise supply chains and easing geopolitical pressures, the Reserve Bank of India (RBI) said in its bi-annual Financial Stability Report … Read more
Gold prices fell more than 1% on Tuesday and were headed for their steepest monthly decline since October 2008, as easing concerns over the Middle East conflict gave way to expectations of higher US interest rates to curb inflation. Gold prices fell more than 1% on Tuesday and were headed for their steepest monthly decline … Read more
Quick commerce race intensifies as Amazon, Flipkart level up MUMBAI: Amazon and Walmart’s Flipkart have made it clear that they are not going to play on the sidelines in India’s quick commerce battlefield. Big money, aggressive dark store expansion, discounts, cashbacks—everything is on the table. Listed players Eternal—which owns Blinkit—and Swiggy are jittery despite sitting … Read more
Axis Bank on Monday announced that its chief financial officer, Puneet Sharma, has resigned. Sharma, who has led the bank’s finance function since March 2020, stepped down on Sunday, June 28, and will remain with the lender until August 31. During his time at the private sector lender, Sharma served as the group head and … Read more