US Fed chair Jerome Powell (File photo by AP) The US Federal Reserve’s Federal Open Market Committee (FOMC), led by Fed Chair Jerome Powell on Wednesday cut the key rate by 25 basis points. The rate now stands between 3.5 percent and 3.75 percent, the lowest level in nearly three years. “In support of its…
India-US trade deal: India should be highly cautious about lowering duties for USagricultural or genetically modified products and must press the Trump administration to sharply reduce its steep tariffs, the Global Trade Research Initiative (GTRI) said on Wednesday.The think tank also advised New Delhi to wait for the US Supreme Court’s ruling on President Donald…
In a major move towards greener transportation, Indian Railways has completed the manufacturing of its first hydrogen-powered train on a pilot basis, following specifications laid out by the Research, Design & Standards Organisation (RDSO).“This project involved designing from first stages, prototype manufacturing and first-time development of hydrogen traction technology in Indian Railways,” said Union minister…
Elon Musk has played down the achievements of the Department of Government Efficiency (DOGE), the cost-cutting initiative he headed for US President Donald Trump, saying the unit managed only limited gains before it folded. Speaking on a podcast with former Trump official Katie Miller on Tuesday (local time), the Tesla chief said the experience is…
US stock market today: US equities showed little movement Wednesday morning as investors awaited the Federal Reserve’s policy announcement. S&P 500 edged down 0.1% but stayed close to its record levels, while the Dow Jones Industrial Average remained unchanged and the Nasdaq fell 0.3%. Treasury yields also showed little change as traders prepared for the…
Silver price today: Silver futures surged to another record on Wednesday, lifted by strong investor interest and growing expectations that the US Federal Reserve will cut interest rates.On the Multi Commodity Exchange, the March silver contract advanced for the second straight session, rising Rs 3,736, or 1.98 per cent, to reach a new peak of…
The government has not yet assigned spectrum to Starlink for commercial service deployment, and security clearances remain pending. Elon Musk-led Starlink plans to soon introduce its satellite communication services in India with pricing between Rs 2,500-3,500 for retail customers. The company aims to provide services across multiple sectors including maritime, aviation, retail, and enterprise segments….
At 9:01am this Monday, something quietly historic happened on the National Stock Exchange. For the first time, options-crazed traders didn’t dive straight into live futures prices at the opening bell – they had to watch a call auction screen instead.NSE’s new 15-minute pre-open session for equity derivatives went live on December 8, in what traders…
Gold prices showed a mixed trend on Wednesday, with domestic futures inching up even as international rates dipped. On the Multi Commodity Exchange, February gold futures rose by Rs 173 to Rs 1,30,280 per 10 grams, while Comex gold for the same month traded marginally lower at $4,234.3 an ounce.Gold price in your city today:…
Commerce and industry minister Piyush Goyal on Wednesday said that negotiations for the India-European Union (EU) free trade agreement are advancing in a positive direction, with a rough outline of the pact already prepared. He emphasised that both sides are committed to an early conclusion of the deal. “Ek free trade agreement ki motee-motee roop…
