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,…
US stock marketsopened sharply higher on Friday following the release of stronger-than-expected April jobs data. The report showed that the economy added 177,000 jobs during the month, while the unemployment rate remained steady at 4.2 percent.The data boosted investor confidence and fuelled early gains across major indexes.Shortly after the opening bell, the Dow Jones Industrial…
India is exploring options to ramp up fertiliser imports from the United States as part of a broader strategy to diversify sourcing, reduce reliance on countries like China, and help narrow the growing trade imbalance with Washington, a government official told news agency PTI.India’s fertiliser imports declined by 7.16 per cent in 2024-25 to $…
The National Stock Exchange (NSE) launched the Nifty Waves Index on Friday, which includes 43 listed companies from the media, entertainment, and gaming industries. The new index aims to provide comprehensive insights into the performance of one of India’s most dynamic sectors.The Indian media and entertainment industry, encompassing film, television, digital platforms, music, and gaming,…
File photo: Japan’s finance minister Katsunobu Kato (Picture credit: AP) Japan’s finance minister Katsunobu Kato has for the first time publicly floated the possibility of using the country’s vast US Treasury holdings, worth over $1 trillion, as a potential card in ongoing trade negotiations with Washington, reported Reuters.In a televised interview on Friday, Kato said…
Demonstrations are expanding throughout China as the consequences of Trump’s tariffs push manufacturing industries towards collapse. (AI image) Donald Trump tariff impact: Civil disorder and unrest has broken out across China as severe tariffs imposed by US President Donald Trump are expected to severely impact the country’s export-based economy, leading to business closures, wage defaults…
What sets this new PLI scheme apart is its structured incentives, strategically designed to support Indian manufacturers. (AI image) By Nikit Popli and Neetu SinghIn a strategic move to accelerate India’s vision of becoming a global electronics manufacturing hub, the Union Cabinet has approved a Production-Linked Incentive (PLI) scheme worth ₹22,919 crore for the manufacturing…
Gold rate today (AI image) Gold rate today on May 2, 2025: In the last few days, Gold June futures at MCX have seen considerable selling pressure from peak levels, declining by Rs 6,700/10 grams due to positive developments in US-China trade talks and strengthening dollar.Today, Gold June futures started trading 0.35% higher at Rs…
Stock market today (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Friday, the first trading day of the month. While Nifty50 rose over 100 points to cross 24,400, BSE Sensex was above 80,600. At 9:19 AM, Nifty50 was trading at 24,424.00, up 90 points or 0.37%.BSE…
