Donald Trump revives threat to fire Fed Chair Jerome Powell (Picture credit: AP) US President Donald Trump on Friday again floated the possibility of firing Federal Reserve Chair Jerome Powell, reigniting a long-standing feud over interest rates he claims should be much lower. In a scathing post on Truth Social, Trump called Powell a “numbskull”…
This is an AI-generated image, used for representational purposes only. Public Sector Banks (PSBs) gained significant market share across lending segments and geographies in FY25 despite overall moderation in bank credit growth, a report by Union Bank of India has revealed. The shift was especially evident in working capital and demand loans, traditionally used by…
Representative image (Picture credit: ANI) India’s net direct tax collections for the ongoing financial year 2025-26 declined by 1.39 per cent to Rs 4.59 lakh crore as of June 19, mainly due to a sharp surge in refund issuances, according to government data released on Saturday. In the same period last year, net direct tax…
Finance ministry reported a significant 45% increase in foreign asset and income disclosures (ANI) New Delhi: The finance ministry on Friday said there was a substantial increase in reporting of foreign assets and income, with 2.3 lakh taxpayers disclosing it in their returns in 2023-24, a jump of 45% over the previous year.Amid media reports…
This is an AI-generated image, used for representational purposes only. BENGALURU: Campus Fund, a venture capital firm focused on student and dropout-led startups, announced a $100 million third fund, its largest to date. The fund completed its first close with more than 50% of the capital already committed and began deploying capital with two investments…
Sensex soars 1,046 points on foreign buying (Picture credit: ANI) MUMBAI: Strong foreign fund buying supported by speculators’ short covering late in the session on Friday led to a four-figure points jump in the Sensex. After opening marginally higher, the benchmark picked up gains through the session to close 1,046 points or 1.3 per cent…
Mumbai : Markets regulator Sebi has proposed a five-point plan for adoption and use of artificial intelligence-machine learning (AI/ML)based technologies in the Indian securities market. Those are model governance, investor protection disclosure, testing framework, fairness & bias, and data privacy & cyber security measures.The regulator has come out with a consultation paper titled ‘Guidelines for…
The rupee appreciated by 14 paise to close at 86.59 against the US dollar on Friday, helped by a fall in global crude oil prices, a weaker dollar overseas, strong domestic equities and sustained foreign fund inflows.At the interbank foreign exchange market, the rupee opened at 86.65 and moved in a narrow range of 86.55…
The ongoing conflict in the Middle East has so far had a limited impact on Indian companies’ global trade exposure, but any escalation could pose risks to key sectors, CRISIL Ratings said in a report.While global crude prices have remained volatile amid the tensions between Israel and Iran, India’s direct trade with both countries is…
AI image means for representation only India’s foreign exchange reserves rose by $2.294 billion to $698.95 billion in the week ended June 13, according to data released by the Reserve Bank of India (RBI) on Friday.This follows a $5.17 billion increase in the previous week, taking the total gains over two weeks to nearly $7.5…
