The US ambassador-designate to Delhi, Sergio Gor, emphasised that India’s role as a strategic ally will influence regional and international developments. (AI image) US President Donald Trump’s nominee to be the American ambassador to India, Sergio Gor has said that India-US trade deal issues will be sorted within weeks. At a Senate committee hearing for…
The rupee closed at a fresh all-time low of 88.35 against the US dollar on Thursday, tumbling 24 paise amid sustained tariff tensions between India and the US, foreign fund outflows, and rising crude oil prices.Forex dealers said a stronger dollar ahead of US inflation data further weighed on the Indian unit, which continues to…
Infosys Ltd on Thursday announced a Rs 18,000 crore share buyback programme, signalling confidence in its long-term cash flows and growth prospects even as the IT services major faces muted revenue growth this fiscal.The company said it will repurchase around 10 crore shares at Rs 1,800 apiece, a 19% premium over the stock’s Thursday closing…
US President Donald Trump and Prime Minister Narendra Modi have recently indicated an improvement in relations. (AI image) With US President Donald Trump saying that the trade deal negotiations between India and America will continue, a key government official has struck an optimistic note on issues being sorted out.The US Commerce Secretary Howard Lutnick expressed…
Wall Street traded near record highs on Thursday as fresh US economic data reinforced expectations that the Federal Reserve will cut interest rates next week to support growth. The S&P 500 rose 0.3% in early trade after setting new records in the last two sessions, while the Dow Jones Industrial Average advanced 95 points and…
The European Central Bank (ECB) kept its benchmark deposit rate steady at 2% on Thursday, with inflation back under control and the eurozone economy showing resilience despite US President Donald Trump’s tariff measures.At the post-decision news conference, attention is expected to focus on ECB President Christine Lagarde’s remarks on France’s fiscal crisis and whether the…
JioBlackRock Mutual Fund on Thursday announced the launch of its first active equity product, JioBlackRock FlexiCap Fund, on September 23, while indicating that three to four more active equity schemes could be rolled out during the current fiscal.“This is our first active equity fund. Three or four other active equity funds are in the pipeline,…
India moves to boost high-grade steel production to reduce import dependence; Kumaraswamy assures ‘all necessary support’ India is stepping up efforts to manufacture specialised high-grade steel for the automobile sector in order to cut down reliance on imports, Union minister for steel and heavy industries H D Kumaraswamy said on Thursday.Speaking at the annual convention…
The discussions will focus on India acquiring six P-8I naval patrol aircraft. (File photo) Amid signs of progress in India-US trade deal talks, a US team of defence officials and Boeing representatives is likely to visit India next week for talks on a multi-billion dollar deal for patrol aircraft.According to a Bloomberg report, officials from…
The EPFO may consider the EPFO 3.0 initiative at its meeting next month, aiming to introduce facilities similar to banking services. (AI image) In a big cheer for Provident Fund subscribers, the Employees’ Provident Fund Organisation (EPFO) may roll out features like withdrawals from ATMs and ban-like transactions ahead of Diwali.The meeting, to be chaired…
