HCL Technologies on Monday reported a 9.7% year-on-year drop in consolidated net profit for the first quarter of FY26 to Rs 3,843 crore, impacted by higher expenses and a one-time hit from a client bankruptcy. The company, however, raised the lower end of its revenue growth outlook for the full fiscal, citing a stable demand…
The government has appointed R Doraiswamy as the new Managing Director and Chief Executive Officer of Life Insurance Corporation of India (LIC), the state-run insurance giant.A notification issued by the Department of Financial Services on Monday confirmed the appointment, following the approval of the Appointments Committee of the Cabinet chaired by the Prime Minister, PTI…
China achieved a historic trade surplus of approximately $586 billion in the first six months of the year. (AI image) China seems to have diversified its export markets away from the US, reporting a record trade surplus despite the global turmoil and uncertainty created by American President Donald Trump’s tariff war.China achieved a historic trade…
US stock markets edged lower Monday after President Donald Trump announced sweeping new tariffs on goods from the European Union and Mexico, raising concerns about renewed trade tensions. Despite the early pullback, major indexes remained near record highs as investors assessed the likelihood of a negotiated outcome before the August 1 deadline.The S&P 500 slipped…
India and the United States aim to resolve disagreements in key sectors, particularly agriculture and automobiles. (AI image) India-US trade deal: As US President Donald Trump’s fresh reciprocal tariff deadline of August 1, 2025 nears, a senior delegation from India’s Commerce and Industry Ministry has landed in Washington DC. The team will look to finalize…
A credit score can be the deciding factor between financial ease and costly borrowing. From securing a home loan to getting approved for a high-limit credit card, your score influences not only the chances of approval but also the interest rates you’ll pay. Hitting a credit score of 800 is like having a golden key…
Inflation in May 2025 stood at 2.82%. CPI inflation hits over 6-year low! Retail inflation or Consumer Price Index (CPI) inflation for the month of June 2025 has hit an over 6-year low of 2.10%, according to data from the government. This marks the lowest year-on-year inflation since January 2019. Inflation in May 2025 stood…
Malaysia on Monday imposed immediate restrictions on the export, transshipment and transit of high-performance AI chips made in the United States, aiming to plug regulatory gaps and prevent unauthorised rerouting of sensitive technology to countries including China.The country’s investment, trade and industry ministry said in a statement that all such movements of US-origin AI chips…
The significant decline has pushed BSE shares into a bear market, whilst NSE approaches a 20% reduction. (AI image) Shares of BSE and NSE have taken a big hit following the Jane Street controversy, regulatory actions in F&O trading, declining derivatives volume, and negative analyst reports. The shares have in total seen a Rs 1.4…
NEW DELHI: India’s booming futures and options (F&O) market saw a sharp dip in trading activity last week, with volumes dropping by nearly 20%, following Securities and Exchange Board of India’s (Sebi) ban on New York-based quantitative trading firm Jane Street over alleged market manipulation.The daily average turnover in index options on the NSE, which…
