US stocks steadied on Wednesday as a new inflation report suggested President Donald Trump’s sweeping tariffs have not significantly driven up prices—at least for now. The S&P 500 inched up by less than 0.1% in early trading, while the Dow Jones Industrial Average dipped 23 points and the Nasdaq composite rose 0.2% at initial minutes…
ITR Filing: Under the new tax regime, standard deduction from salary has increased to Rs 75,000 from Rs 50,000. (AI image) ITR filing FY 2024-25: By June 15, 2025, employers must issue Form 16 to their salaried taxpayers for the fiscal year 2024-25. This year’s Form 16 will have several modifications based on the amendments…
US President Donald Trump said the United States will receive magnets and rare earth minerals from China under a new deal, even as tariffs on Chinese goods are set to rise to 55%. The development comes amid renewed scrutiny over supply chains tied to China’s Xinjiang region, where human rights groups allege the use of…
Gold rate today: Gold prices surged by Rs 820 to Rs 98,490 per 10 grams in the national capital on Wednesday, driven by fresh retail and stockist demand amid firm global cues, according to the All India Sarafa Association. The rise was supported by safe-haven buying as tariff-related concerns resurfaced globally.The precious metal of 99.5…
Non-banking financial companies (NBFCs) outpaced commercial banks in credit growth during fiscal year 2025, clocking a sharp 20% increase compared to the banking sector’s 12% rise, according to a report by the Boston Consulting Group (BCG).The surge was largely driven by the Gold NBFC segment, helping boost the total net advances in the NBFC sector…
India’s artificial intelligence (AI) industry is poised for a threefold expansion by 2027, reaching $17 billion, as enterprises shift from pilots to scalable deployments, according to a new report by Boston Consulting Group (BCG).The report noted that AI has evolved into a core business imperative in India, accelerating decision-making, driving innovation, and expanding market access…
The directive additionally outlined restrictions for Indian Railways’ authorised ticketing agents regarding Tatkal bookings. New tatkal ticket booking rules from July 1: In a big move, Indian Railways has announced that from July 1, 2025 onwards, only Aadhaar authenticated users will be able to book tatkal train tickets. The Railway Ministry has issued a directive…
The decline in mango prices can be attributed to increased production and early harvesting. (AI image) Mango prices in Uttar Pradesh, India’s largest producer of the fruit, have decreased by approximately one-third compared to last year due to increased availability, according to growers and traders. The well-known Dasehri variety now sells for Rs 40-45 per…
Tata Sons plans to invest ₹30,000 crore ($3.5 billion) in its growing ventures. (AI image) Tata Sons is actively seeking new directors to fill upcoming vacancies on its board. Former Jaguar Land Rover CEO Ralf Speth is anticipated to retire in the next few months when he turns 70. Speth had joined following Cyrus Mistry’s…
Asian stocks rose on Wednesday as investors cheered a new agreement between the US and China aimed at easing trade tensions. The move raised hopes that the two countries could reach a broader deal after months of tit-for-tat tariffs.The agreement came after two days of high-level talks in London, building on progress made in Geneva…
