America’s widening income divide has become more visible after the sharp rise in fuel prices linked to the Iran war, with lower-income households forced to cut back on driving even as their spending on gasoline increased, according to a new Federal Reserve Bank of New York study cited by AP.The report showed that while wealthier…
Prime Minister Narendra Modi with Vietnam President To Lam India and Vietnam on Wednesday agreed to boost their bilateral relationship, aiming to elevate ties to an “Enhanced Comprehensive Strategic Partnership” while outlining an ambitious roadmap for trade, defence and technology cooperation.The decision followed talks between Prime Minister Narendra Modi and Vietnam president To Lam, with…
Bengaluru: Meesho’s total income rose 44.4% year-on-year to Rs 3,646.9 crore in the March quarter, while the ecommerce company continued to narrow losses and scale its artificial intelligence-led operations across engineering, logistics and advertising monetisation.The SoftBank-backed company reported a loss for the period of Rs 160 crore in Q4 FY26, compared with a loss of…
US stock markets surged on Wednesday while oil prices plunged sharply as investors bet on a possible breakthrough in US-Iran negotiations that could reopen the Strait of Hormuz and restore global crude supplies, AP reported.The S&P 500 climbed 0.8 per cent and headed towards another record close. The Dow Jones Industrial Average rose 487 points,…
Piyush Goyal and Yeo Han-Koo (File photo) India and South Korea are likely to hold negotiations on May 25 to review their Comprehensive Economic Partnership Agreement (CEPA), amid India’s push to address concerns over the widening trade deficit with Seoul, PTI reported.The CEPA between the two countries came into force in January 2010. “The officials…
Benchmark equity indices rallied sharply on Wednesday as a steep fall in crude oil prices and optimism around a possible US-Iran agreement boosted investor sentiment, PTI reported.The 30-share BSE Sensex surged 940.73 points, or 1.22 per cent, to close at 77,958.52. During the session, it climbed as much as 1,004.99 points to hit an intraday…
NEW DELHI: Govt has notified 40 items across six sectors, including rare earth permanent magnets, capital goods, polysilicon wafers, advanced battery components and electronic capital goods and components for expedited FDI clearance for proposals coming from countries that share land border with India, a move aimed at fast-tracking approvals from Chinese companies in select segments.Besides,…
According to Siddhartha Khemka – Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, Nifty is expected to consolidate in the near term, with markets likely to remain sensitive to developments in West Asia. While, Positive domestic macros, steady Q4 earnings and intermittent FII buying has provided near-term support, elevated crude prices, currency weakness…
Markets regulator Sebi has introduced a new framework to classify stock market benchmarks as “significant indices” if mutual fund schemes tracking them have a daily average cumulative assets under management (AUM) of more than Rs 20,000 crore for each of the preceding six months, PTI reported.The move is aimed at strengthening transparency, governance and accountability…
Samsung Electronics saw its market value surge past the $1 trillion mark for the first time on Wednesday, riding a powerful wave of demand for artificial intelligence (AI) chips.The rally comes as the global race to build AI infrastructure accelerates, boosting chipmakers that supply high-performance memory and processors.Samsung has emerged as a key player in…
