The rule, which was scheduled to take effect May 15, permitted unlimited A.I. chip sales to 18 allies like Britain, Germany and Japan, and blocked sales to China, Iran and other adversaries. All other countries, including Saudi Arabia, the United Arab Emirates, Qatar, India, Israel and Poland, faced caps on the number of chips they…
Bank holiday on Buddha Purnima: Banks will remain shut in multiple parts of India today, May 12, on the occasion of Buddha Purnima, according to the Reserve Bank of India’s calendar.This closure applies to cities and states including Agartala, Aizawl, Belapur, Bhopal, Dehradun, Imphal, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla,…
India has gained the top spot for both manufacturing and services activity globally, according to JP Morgan’s latest purchasing Managers’ Index (PMI) report for April 2025.The manufacturing PMI stood at a strong 58.2, with an even higher services PMI even higher at 58.7, pulling the strongest readings across both developed and emerging markets.PMI trends globallyIndia,…
The temporary suspension of operations, was earlier supposed to last until 05:29 hours of May 15. (AI image) India-Pakistan ceasefire impact on air travel: The government has decided to lift the Notices to Airmen (NOTAMs) for several airports across north and north-western India that had been temporarily closed for civilian flights till May 15.The decision…
Deal or no deal? That’s what financial markets and businesses are waiting to learn. A weekend of productive trade talks in Geneva between the United States and China resulted in a “deal,” said Jamieson Greer, the United States Trade Representative and one of the main negotiators for the Trump administration. His Chinese counterpart expressed optimism,…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, rallied strongly in opening trade on India-Pakistan ceasefire and US-China trade deal progress. Both indices rallied over 2% cheered by domestic stability and favourable global news.While Nifty50 went above 24,700, BSE Sensex crossed 81,800 mark. At 11:04 AM,…
On a wet Wednesday morning in April, Ashley Holroyd had a steady but slow stream of customers into his coffee shop in Barrow-in-Furness, an industrial town in northwest England. The cafe, Coffee D’Ash, had been open for only about six months, and it barely filled the cavernous space. Despite the empty storefronts on the same…
Gold prices remained volatile throughout last week, influenced by a mix of economic signals. (AI image) Gold price prediction today: What’s the outlook for goldprices in the week starting May 12, 2025? Gold prices have experienced recent declines following their historic peak levels. Investors interested in gold should monitor international indicators and develop appropriate investment…
Stocks across Asia surged on Monday as investors’ sentiments were boosted by signs of easing tensions between the United States and China after a weekend of high-level trade talks.Benchmark indexes in Japan and South Korea edged higher in early morning trading, while US futures pointed to a strong start on Wall Street, with the S&P…
CII President and ITC Ltd. Chairman & Managing Director Sanjiv Puri (PTI file photo) CII president and ITC chairman and MD Sanjiv Puri says lowering tariffs through trade agreements must be accompanied with domestic reforms to boost competitiveness. He also argues that GST rationalisation and further rate cuts will stimulate demand. Excerpts:What will be your…
