US inflation gauge cools with little sign of tariff impact, so far (Photo: AP) A key US inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped. Friday’s report from the Commerce Department showed that consumer prices rose just 2.1 per cent in April…
India has agreed to exempt Saudi Arabia’s Public Investment Fund (PIF) from certain foreign portfolio investment (FPI) rules in a move aimed at attracting long-term capital and deepening financial engagement with the Gulf nation, two sources familiar with the matter said.The exemption comes amid ongoing efforts by both countries to strengthen economic ties, following Prime…
The government has pegged the full fiscal year GDP growth at 6.5% provisionally. (AI image) India Q4 GDP data: The Indian economy grew at a better-than-expected rate of 7.4% in the fourth quarter of FY 2024-25. The government has pegged the full fiscal year GDP growth at 6.5% provisionally. While the economy has picked up…
IndiGo has signed a Memorandum of Understanding (MoU) with Bangalore International Airport Ltd. (BIAL) to establish a dedicated Maintenance, Repair, and Operations (MRO) facility at Kempegowda International Airport, Bengaluru.Under the agreement, BIAL will allocate approximately 31 acres of land to IndiGo for the development of MRO infrastructure, which will support the airline’s growing fleet, ANI…
Life Insurance Corporation of India (LIC) has subscribed in full to Adani Ports and Special Economic Zone’s non-convertible debenture (NCD) issue worth 5,000 crore, reflecting the port operator’s ongoing strategy to refinance short-term debt with longer-term, lower-cost borrowings.The 15-year bond, which carries a coupon rate of 7.75 percent, was issued on Thursday and represents one…
IndiGo CEO Pieter Elbers (File photo) IndiGo is stepping up its global ambitions with plans to launch direct flights to 10 international destinations, including key European cities such as London, Athens, Amsterdam, and Manchester, in the current financial year. This strategic move marks a significant milestone in the airline’s growth, including its much-anticipated entry into…
Sebi has imposed monetary penalties of Rs 5 lakh each on Warsi and Goretti. The Securities and Exchange Board of India (Sebi) has imposed restrictions on actor Arshad Warsi, his spouse Maria Goretti and 57 other individuals from participating in securities markets for periods ranging from one to five years. This action follows their involvement…
Apple’s suppliers delivered 2.9 million iPhones from India to the United States in April. (AI image) US President Donald Trump’s directive to Tim Cook to shift iPhones production away from India doesn’t seem to be deterring Apple from shipping a higher number of smartphones from the country. Apple’s suppliers delivered 2.9 million iPhones from India…
Gold price prediction: The precious metal, which closed at ₹96500 levels, is likely to face immediate selling pressure as global cues turn negative. (AI image) Gold price prediction today: Gold rate remains below its record peak, leaving investors uncertain about their trading decisions regarding the precious metal. Which price points should investors monitor? Here’s the…
For now, Donald Trump retains his negotiating power with trading partners. (AI image) The Donald Trump administration is evaluating a two-part strategy to deal with the US trade court ruling that blocked the American President’s sweeping reciprocal tariffs on several countries. The court ruling said that Trump overstepped his authority in imposing the tariffs. Currently,…
