US stocks rose on Friday, putting the S& Index on track for logging the longest winning streak in more than 20 years and making a full recovery from April tariff turbulence as strong jobs data and progress on international trade talks boosted investors’ confidence. The S& rose 1.5% as of 12:30pm in New York. Source…
NEW DELHI: After LNG, govt is exploring the possibility of increasing fertiliser imports from the US as it seeks to address US President Donald Trump‘s concerns over the trade balance being in India’s favour.The move will also help India reduce its dependence on countries, such as China and Russia, which are among the top sources…
THIRUVANANTHAPURAM: The flagship of the Adani Group, Adani Ports & SEZ, is transforming into a transport utility player, with a presence in every aspect of the business and not limited to the traditional ports segment, said managing director Karan Adani.“We don’t want to be limited to just being a port player. Our focus is on…
Govt has appointed PoonamGupta as deputy governor of RBIfor a three-year term beginning May 2. She fills the vacancy left after Michael Patra retired on Jan 15. Her entry has prompted a reallocation of portfolios among RBI’s senior leadership.Gupta will takecharge of several key departments, including monetary policy, financial markets operations, economic and policy research,…
NEW DELHI: While sounding upbeat about the economy, finance secretary Ajay Seth on Friday underlined the need to ensure fiscal consolidation and remain agile to deal with challenges facing the economy.“India can’t remain fixated. We have to be adept and agile, and as things are evolving, we cannot take things for granted. India is close…
The US nonfarm payroll employment rose by 177,000 in April, while the unemployment rate remained unchanged at 4.2 percent, according to the latest report from the US Bureau of Labour Statistics. Employment continued to trend up in health care, transportation and warehousing, financial activities, and social assistance, although federal government employment declined as businesses navigated…
Apple shares dropped 5% on Friday after the company reduced its stock buyback program by $10 billion and CEO Tim Cook revealed a $900 million hit to costs this quarter due to escalating US-China trade tensions. According to Reuters, the move comes amid growing uncertainty fuelled by US President Donald Trump’s tariff policies, which have…
Debt-laden Vodafone Idea Ltd (Vi) said on Friday that its board has approved changes to the shareholders’ agreement to allow promoters — Aditya Birla Group and Vodafone Group — to retain governance and management rights, even as the Indian government’s stake in the company has risen to 48.99%.The proposed amendment, approved during a board meeting…
The Reserve Bank on Friday said it has imposed penalties on four banks, including ICICI Bank and Bank of Baroda, for deficiencies in regulatory compliances. Penalty of Rs 97.80 lakh has been imposed on ICICI Bank for non-compliance with certain directions issued by the Reserve Bank of India (RBI) on ‘Cyber Security Framework in Banks‘,…
Office of Management and Budget Director Russel Vought at White House (AP) US President Donald Trump’s 2026 budget proposal outlines sweeping cuts to non-defence domestic spending, totalling $163 billion, while ramping up expenditures on national security, the White House announced Friday.The proposal targets diversity initiatives and climate change programs, reflecting the administration’s political priorities. However,…
