New York Fed’s John Williams Favors More Rate Cuts
John Williams, president of the Federal Reserve Bank of New York, is primarily concerned with weakness in the labor market. Source link
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TCS Q2 results FY26: Tata Consultancy Services posts net profit of Rs 12,075 crore; check details
TCS Q2 results FY 2025-26 TCS Q2 results: Tata Consultancy Services (TCS), India’s largest IT services firm, on Thursday reported a net profit of Rs 12,075 crore for the quarter ended September, 2025.The net profit saw an increase of 1.4% compared to Rs 11,909 crore in the previous year. The profit after tax (PAT) fell…
India’s rare earth boost: Govt approves Rs 7,300 crore scheme; aim to diversify away from China
The government has moved a step closer to boosting India’s self-reliance in rare earth magnets, with a key panel approving a Rs 7,300 crore scheme to support local manufacturing. These magnets are essential for electric vehicles, wind turbines and a range of consumer electronics.The expenditure finance committee (EFC), which functions under the finance ministry, cleared…
Heavy rare earth monopoly: China seeks India guarantee that magnets won’t be re-exported to US; here’s why
China has sought assurances from India that heavy rare earth magnets they supply will be utilised exclusively for domestic requirements. (AI image) China will export rare earth magnets to India only if it assures that they will be used for domestic needs and will not find their way to the US. Indian companies have already…
China Clamps Down Even Harder on Rare Earth Exports
The move is Beijing’s latest attempt to tighten control over global production of the metals, which are essential to the manufacturing of chips. Source link
Stock market today: Nifty50 opens flat; BSE Sensex near 81,800
According to analysts, markets are expected to trade within a range. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Thursday. While Nifty50 was above 25,050, BSE Sensex was just below 81,800. At 9:16 AM, Nifty50 was trading at 25,059.40, up 13 points or 0.053%. BSE Sensex…
Bank holiday on Karva Chauth: Will banks remain shut on October 10? Check state-wise upcoming holidays in October
Karva Chauth, which falls just days before Diwali, will be celebrated on October 10 this year. Many are wondering if banks will observe a holiday on this day.With a host of festivals in October, it is advisable to check the bank holiday schedule in advance to plan any banking activities smoothly. The RBI’s pre-released holiday…
Gold & silver price prediction today: Will MCX Gold, MCX Silver hit fresh highs? Here’s the outlook for gold, silver rates
Gold has surpassed the crucial psychological mark of $4,000, signaling strong bullish momentum. (AI image) Gold and silver price prediction today: Gold and silver prices are exhibiting bullish momentum, reaching new highs, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver: MCX Gold Price…
Irish Factory Prospered Because of China’s Babies. Then Nestlé Pulled the Plug.
China’s baby boom enriched a small Irish town where a Nestlé factory made formula for Chinese newborns. Then a baby bust unraveled it all. Or so it seemed. Source link
Asian stocks today: Markets trade mixed as investors assess AI outlook; Nikkei gains over 600 points, HSI down 0.1%
Asian markets were mixed on Thursday as investors tried to assess the global AI-driven rally, US interest rate moves, and the continuing government shutdown in Washington.Japan’s Nikkei gained 1.29% or 614 points trading at 48,349, while HSI dipped 9 points or 0.03% to reach 26,820 at 9:30 AM IST. In India, NSE benchmark Nifty traded…