Wall Street’s major indexes traded mixed to lower on Wednesday as investors grappled with a continued selloff in technology stocks, rising geopolitical tensions in the Middle East, and expectations that the Federal Reserve could keep interest rates elevated for longer.The S&P 500 was nearly flat after recovering from an early decline, while the Dow Jones…
Equity mutual funds saw a sharp slowdown in inflows in May, falling to their lowest level in a year as geopolitical tensions in West Asia, rising crude oil prices and market volatility weighed on investor sentiment, according to data released by the Association of Mutual Funds in India (AMFI).Net inflows into equity schemes stood at…
For a retail investor, the impact depends on what they own and why the rupee is weakening in the first place. The rupee is falling and your investment portfolio is bleeding red. India may be a fundamentally strong growth story, but for now your investments may be flashing negative returns. As the impact of the…
US inflation climbed to a fresh three-year high in May, driven largely by rising energy prices linked to global supply disruptions following the Iran conflict, according to official data released on Wednesday.The Consumer Price Index (CPI) rose 4.2% in May compared to a year earlier, up from 3.8% in April, the US labour department said.It…
The Union cabinet on Tuesday approved Phase 2A of the Ahmedabad Metro Rail Project, a 6.032-km corridor connecting Koteshwar Road to Ahmedabad Airport.The project, approved by the Cabinet chaired by Prime Minister Narendra Modi, will be built at a total cost of Rs 2,169.04 crore, including interest during construction (IDC).The new corridor will have five…
Benchmark equity indices gave up most of their intraday gains on Wednesday, with the Sensex ending marginally higher and the Nifty closing in the red as renewed hostilities between the United States and Iran dampened investor sentiment.The 30-share BSE Sensex rose 64.42 points, or 0.09%, to settle at 73,983.18.The index had surged as much as…
BENGALURU: TCS chairman N Chandrasekaran said the IT industry will no longer hire at the scale seen over the past two decades as artificial intelligence takes over parts of traditional work, signalling a structural shift for India’s $315-billion technology sector. “The company will not be hiring the kind of numbers it used to hire,” Chandrasekaran…
MUMBAI: Bank stocks surged across the board on Tuesday following RBI’s operational guidelines for a special foreign currency non-resident (bank) or FCNR(B), swap window, with public sector lenders leading the rally. Bank of Baroda rose 5.7%, Canara Bank 4.3%, and Punjab National Bank 3.7%, while Bankex, BSE’s index for the sector, climbed 2.2% against a…
NEW DELHI: Apple has spent the past two years watching rivals race ahead in artificial intelligence, while its own AI ambitions stumbled amid delays and missed deadlines. At its Worldwide Developers Conference (WWDC) 2026, the company attempted a reset, unveiling a rebuilt Siri powered by Google’s Gemini models and positioning the assistant at the centre…
NEW DELHI: Government has ordered all digital platform aggregators, including Swiggy, Zomato, Uber, Blinkit, Ola, Rapido and Zepto, to upload details of their gig workers and complete their integration with the eShram portal by June 21, a move precursor to ensuring social security benefits.The directive follows rules formulated under the Code on Social Security last…
