Wall Street edged higher on Friday as the S&P 500 and Nasdaq hovered near record highs, putting US stocks on track for a third winning week in the past four. Strong corporate earnings, easing Treasury yields, and growing speculation of a Federal Reserve rate cut fuelled investor optimism.The S&P 500 rose 0.2% in early trade…
Tata Sons and Tata Trusts on Friday announced the formation of a dedicated Rs 500 crore welfare trust to support victims of the Air India Flight AI-171 crash in Ahmedabad that claimed 260 lives, including 19 on the ground.In an official statement, Tata Sons and Tata Trusts said “The Trust will provide both immediate and…
JSW Steel on Friday reported a more than two-fold rise in its consolidated net profit at Rs 2,209 crore for the April–June quarter, driven by lower expenses and higher volumes. The company had posted a net profit of Rs 867 crore in the corresponding quarter of FY25, it said in a regulatory filing.Total income rose…
Once a go-to choice for tax-saving investments, equity-linked savings schemes (ELSS) are slowly slipping off investors’ radar. More taxpayers are pulling out of the ELSS as they are switching to a new tax regime, which provides no tax benefits under section 80C, according to an ET report.Data for the first quarter of FY26 reveals net…
The EU on Friday unveiled one of its most powerful sanctions against Russia, since the beginning of its war with Ukraine which is now in its fourth year. The sanctions include a reduced oil price cap, a ban on dealings linked to the Nord Stream gas pipelines, and fresh action against Russia’s shadow fleet of…
The project has received substantial support from Defence Minister Rajnath Singh. (File photo of Rafale) Boost for ‘Make in India’ defence projects: The Ministry of Defence has reportedly proposed development of next-generation fighter jet engines in collaboration with France. The aim of the project is towards self-reliance in design and manufacturing of such technologies in…
ITR filing: The Income Tax Return (ITR) filing deadline for FY 2024-25, assessment year 2025-26 is September 15, 2025. ITR filing FY 2024-25: The Income Tax Department has opened the online e-filing of ITR-2 on the Income Tax Portal incometax.gov.in/iec/foportal/. The online submission system for Form ITR-2 was opened on July 18, 2025. This development…
The Donald Trump administration has informed the WTO that India lacks legitimate grounds to suggest retaliatory tariffs. (AI image) The US has told the World Trade Organization (WTO) that India has no ‘legal basis’ to hit out at American tariffs on automobiles, steel and aluminium with retaliatory tariffs. Amidst India-US trade deal talks, the two…
RIL shares are actually outperforming the Nifty50 benchmark index by the biggest gap seen in five years. (AI image) RIL share price: Shares of Mukesh Ambani-led Reliance Industries are seeing a big rally this year, beating the Indian equity benchmark indices in returns after two years. The rally in RIL stock has added a whopping…
Gold price prediction: Gold prices have shown resilience around key support levels. (AI image) Gold price prediction today: Gold prices have been somewhat stable in the last few days, with safe haven assets being in focus even as global economic uncertainty wanes despite US President Donald Trump’s tariff policies. A strong dollar has capped gains…
