BENGALURU: IT infrastructure services provider Kyndryl said on Thursday it will invest $2.25 billion (around Rs 18,900 crore) in India over the next three years, expanding its operations and building an AI Innovation Lab in Bengaluru.The company said the commitment will support modernisation of technology infrastructure for enterprises, develop future-ready talent and contribute to the…
The government has approved Rs 6,982 crore as additional capital expenditure (capex) support for BSNL in 2025, Parliament was informed on Thursday.The allocation is in addition to previous support of Rs 3.22 lakh crore provided to the state-run telecom firm through various tranches, including a Rs 69,000 crore revival package in 2019, Rs 1.64 lakh…
The battle over the independence of the US Federal Reserve has intensified, with President Donald Trump openly calling for the resignation of a governor, threatening to fire Chair Jerome Powell, and repeatedly pressuring the central bank to cut interest rates. The escalating confrontation has revived a long-running debate over why the Fed has historically been…
Sales of previously occupied US homes registered an uptick in July, aided by a modest decline in mortgage rates, slower home price growth and the largest supply of properties on the market in five years.According to the National Association of Realtors (NAR), existing home sales rose 2% from June to a seasonally adjusted annual rate…
US stocks slipped again on Thursday, extending a run of modest losses that began after last week’s record high. The S&P 500 eased 0.3%, putting it on track for a fifth straight decline. The Dow Jones Industrial Average shed 236 points, or 0.5%, while the Nasdaq composite was down 0.1% in early New York trading,…
India will require $467 billion in climate finance by 2030 to put four of its most carbon-intensive sectors — power, steel, cement and transport — on a low-carbon growth path, a new study has found.The working paper titled –India’s Climate Finance Requirements: An Assessment– authored by economists Janak Raj and Rakesh Mohan for the Centre…
Markets regulator Sebi chief Tuhin Kanta Pandey on Thursday said the watchdog is exploring a regulated platform for pre-IPO (initial public offering) trading, which could eventually replace unregulated grey market deals. The move, if implemented, may allow investors to trade shares in a transparent environment during the three-day gap between allotment and listing.Speaking at the…
Since returning to the White House in January 2025, US President Donald Trump’s financial choices have drawn attention, with many questioning how he is investing his money. New disclosures released by the US Office of Government Ethics on Wednesday (local time) reveal that Trump has put more than $100 million into bonds.The filings, reported by…
China is considering allowing the usage of yuan-backed stablecoins for the first time in a move aimed at boosting the global adoption of its currency, sources familiar with the matter told Reuters. If approved, the plan would mark a significant reversal of China’s earlier hardline stance against digital assets.According to the sources, the State Council…
GoM backs centre’s GST reform plans NEW DELHI: The Group of Ministers (GoM) on GST rate rationalisation accepted the Centre’s proposal to reduce the current four-slab structure to two, Bihar Deputy Chief Minister Samrat Choudhary said on Thursday. The GoM, chaired by Choudhary, endorsed the move to scrap the existing 12 and 28 per cent…
