Markets are set for another volatile week after Dalal Street ended the previous one in red. Investors are set to track developments in the Middle East, fluctuations in crude oil prices and the outcome of the US Federal Reserve’s policy meeting, while a busy earnings season is expected to drive stock-specific movements.Apart from global developments,…
Donald Trump‘s tariff strategy is once again under legal scrutiny.Just as temporary 10% worldwide tariffs expired, two groups of small businesses headed to court to challenge the administration’s latest trade measures. The lawsuits target the sweeping tariffs announced earlier this week, which impose double-digit levies on goods from 60 trading partners and cover 99% of…
Experts point out that India’s strategic petroleum reserve policy should evolve into a broader energy security strategy that covers crude oil, LPG, and LNG. India’s energy security has been in sharp focus since the start of the US-Iran conflict. The need for robust strategic reserves to counter impact of global supply disruptions cannot be overstated….
Bank of Baroda and Bank of India are aiming to raise over $6 billion in foreign capital MUMBAI: Bank of Baroda and Bank of India, the two largest public sector banks in terms of overseas branches, are aiming to raise over $6 billion in foreign capital through schemes where RBI undertakes to cover forex risk…
The IT firm will establish the AI data centre in partnership with homegrown AI startup Sarvam and Odisha govt BENGALURU: HCLTech plans to invest Rs 14,257 crore to set up its first AI data centre at the upcoming Odisha Sovereign AI Park, marking one of the country’s largest investments in sovereign AI infrastructure.The IT firm…
Trump loses bid to impose $100k fee on H-1B visa The Trump administration suffered a setback on Friday after a US federal appeals court refused to lift a ruling that blocks the government from charging a $100,000 fee for new H-1B visas.The 1st US Circuit Court of Appeals in Boston left in place a June…
Trump administration imposes tariffs Trump slaps 10% tariff on India, no major impact seen | page 23New Delhi: The US Trade Representative has announced 10% additional tariffs on India and several other countries for allowing import of goods using forced labour.The “permanent” levy after a Section 301 probe, which was on expected lines, will replace…
A fall in oil prices offered some relief to Wall Street on Friday, but was not enough to reverse the week’s broader losses. Investors continued to weigh the impact of the Middle East conflict, fresh US tariffs and uncertainty over the Federal Reserve’s next policy move.S&P 500 rose 40.73 points, or 0.55%, to 7,449.03, while…
File photo: Union minister Ashwini Vaishnaw speaks during a cabinet briefing, in New Delhi The Union cabinet on Friday approved a Rs 1,264-crore railway project to add a third and fourth rail line on the Ballari-Guntakal section across Karnataka and Andhra Pradesh, aiming to ease congestion, improve freight movement and strengthen connectivity along a key…
Dalal Street ended lower for the fifth straight session on Friday as a mix of global and domestic headwinds kept investors on edge. Concerns over escalating tensions in the Middle East, crude oil prices soaring to $100 per barrel, FII selling and other cues weighed down market sentiment.BSE Sensex closed 331.62 points, or 0.43%, lower…
