JPMorgan Chase CEO Jamie Dimon appeared to be delivering a message to Donald Trump regarding the US President’s pressure campaign on the Federal Reserve, defending the central bank’s independence and cautioning against policy interference.“The independence of the Fed is absolutely critical,” Dimon said on the bank’s second-quarter earnings call, “and not just for the current…
US President Donald Trump said on Wednesday that he is not currently planning to remove Federal Reserve Chair Jerome Powell, though he sharply criticised the central bank chief’s performance.“He’s doing a lousy job but no, I’m not talking about that,” Trump told reporters when asked if he was considering Powell’s dismissal, AFP reported. However, he…
US stock indices rose on Wednesday after a better-than-expected wholesale inflation report lifted hopes that the Federal Reserve may resume rate cuts later this year.The S&P 500 inched up 0.2% in early trading, nearing its all-time high set last week. The Dow Jones Industrial Average climbed 170 points or 0.4%, and the Nasdaq composite hovered…
NEW DELHI: In a rare move, India has enhanced the flying rights of a Gulf nation when it raised weekly seats to 18,000 per week between India and Kuwait from earlier 12,000 — a raise of 50%. Now airlines of both sides can deploy 18,000 seats per week. The agreement was signed by India’s aviation…
Wholesale inflation in the US showed no increase in June, indicating continued restraint on upstream price pressures despite mounting concerns over President Donald Trump’s sweeping tariffs, according to fresh data from the Labor Department.The producer price index (PPI), which tracks prices before they reach consumers, was flat in June compared to the previous month, following…
NEW DELHI: Hospitality major ITC Hotels reported its highest ever quarterly profits and revenue in Q1 FY 2026, despite the travel disruption seen in May following the April 22 terror attack on Pahalgam. The company’s consolidated revenue rose 20% to Rs 860 crore and the profit increased 53% to Rs 134 crore. ITC Hotels’ scrip…
Electric car sales in India are projected to cross 7% of total car sales by FY28, provided supply chain disruptions in rare earth elements (REEs) are resolved in a timely manner, according to a report by CareEdge Advisory. The projection is backed by an accelerating pipeline of new model launches, expanding charging infrastructure, and battery…
NEW DELHI: HDFC Bank, India’s largest private sector lender, announced on Wednesday that its Board will consider issuing bonus shares and declaring a special interim dividend for FY26 during its upcoming meeting on July 19.Originally scheduled to review the bank’s unaudited financial results for the quarter ended June 30, the board meeting will now also…
Karnataka cinema houses may have to implement major cuts in ticket prices as the state government is looking to introduce a price cap. The state government on Tuesday released a draft notification proposing a uniform cap of Rs 200, taxes included, on movie ticket prices across all theatres and multiplexes, according to an ET report.While…
State-owned gas utility GAIL Ltd has entered initial discussions to import liquefied natural gas (LNG) from the proposed Alaska LNG project.India is in talks with energy developer Glenfarne as it looks to boost energy imports from the United States. The move is aimed at reducing its trade surplus with Washington and is part of a…
