Currency watch: Rupee ends 18 paise lower at 86.70 against dollar; trade jitters and Fed uncertainty weigh on sentiment

The rupee gave up early gains and settled 18 paise lower at 86.70 against the US dollar on Monday, pressured by persistent month-end dollar demand from importers and caution ahead of key trade and monetary policy decisions.After opening at 86.47 at the interbank foreign exchange, the domestic unit briefly strengthened to an intra-day high of…

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Aircraft crashes to regulatory hurdles: Despite several challenges, Boeing may be benefitting big from Donald Trump’s trade war

The US aerospace giant has globally been in the news for all the wrong reasons. US President Donald Trump’s trade war seems to be benefitting one aviation sector giant in America – Boeing! As Trump seals trade deals with countries around the world, he is also bringing in deals, and Boeing is reaping the rewards.Boeing…

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More rate cuts ahead? What finance ministry’s latest report hints, inflation dips below RBI’s 4% target

The finance ministry has said there is room for further interest rate cuts by the Reserve Bank of India (RBI), as inflation remains comfortably below the central bank’s medium-term target of 4%. In its monthly economic review released on Monday, the ministry noted that consumer inflation has stayed under the 4% mark since February and…

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US markets today: S&P 500 hovers near record high; investors eye Big Tech earnings, Fed decision, global trade deals

US stock indices started the week steady and near record highs on Monday, as investors braced for a series of potentially market-moving events, including Big Tech earnings, a key Federal Reserve meeting on interest rates, and further global trade negotiations.The benchmark S&P 500 rose 0.1%, extending a strong run that saw it hit record highs…

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‘Halt all terminations…’: TCS layoffs prompt NITES to write to Labour Minister; IT employee union wants stay on 12,000 job losses

TCS layoffs: NITES has written a letter to Union labour minister Mansukh Mandaviya, voicing concerns regarding the mass sackings. (AI image) The news of TCS layoffs has led to Nascent Information Technology Employees Senate (NITES) writing to Labour Minister Mansukh Mandaviya. India’s biggest IT services firm, Tata Consultancy Services (TCS) on Sunday said it would…

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