A Tough Job for Jay Powell at the Fed Gets Tougher
Some at the central bank don’t feel the need to cut rates further this year; others are worried about the jobs market. That complicates the job of Jay Powell, its chair. Source link
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Investing in PPF? Don’t exceed the Rs 1.5 lakh limit; interest earned on excess contribution will be taken back!
The PPF investment limit was last hiked in 2014, when the government increased the maximum annual contribution from Rs 1 lakh to Rs 1.5 lakh. The Public Provident Fund (PPF) is a popular and safe investment that gives assured and tax-free returns. At 7.1% tax-free, it offers higher returns than what other fixed income options…
Orsted to Cut 25% of Staff as Prospects for Wind Power Diminish
Battered by delays, higher costs and attempts by the Trump administration to block its projects in the United States, the Danish company is retreating to its base in Europe. Source link
Housing trends: All-India house price index up 3.6% in Q1, Nagpur and Chennai lead quarterly gains
The all-India House Price Index (HPI), compiled by the Reserve Bank of India (RBI) using transaction-level data from 18 major cities, rose 3.6 per cent year-on-year in the first quarter of the current fiscal, the central bank said on Thursday.The RBI said the growth moderated compared with the 7.6 per cent increase in the same…
Reflection AI Raises $2 Billion as It Aims to Compete With DeepSeek
The big fund-raising round was the latest sign of investor fervor for artificial intelligence companies despite concerns that the boom is overheated. Source link
Tech transfer: India to consider Chinese JVs investment in ECMS; ‘key to building knowledge base’
The Indian government is signalling a warmer reception for Chinese investment in electronics manufacturing, provided companies commit to technology transfer and local workforce training, officials said.This could improve the chances of Chinese joint ventures clearing the stricter scrutiny currently applied to investments from neighbouring countries, a ministry of electronics and IT (MeitY) official said.“The ECMS…
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
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…