Market

Donald Trump (File photo) In a financial disclosure report released on Friday, Donald Trump declared over $600 million in earnings from various ventures including cryptocurrency, golf establishments, licensing agreements and other business interests, reported Reuters.The financial report, apparently covering the 2024 calendar year, indicates that the president’s cryptocurrency investments significantly enhanced his wealth, alongside substantial…

Representative AI-generated image India has established itself as a prime destination for international capital investment in land and development sites, as revealed in a recent Colliers report.During the 12-month period ending Q1 2025, India secured $735 million in cross-border capital investments, positioning it at seventh place amongst global markets in this category, according to the…

MUMBAI: The rupee ended at 86.08 against the dollar on Wednesday, falling 48 paise from its previous close of 85.60. The local currency touched a low of 86.22 during the session, prompting RBI to intervene, according to traders.On Friday, the rupee posted its sharpest single-day fall since May 8, following Israeli strikes on Iran’s nuclear…

Image used for representative purposes US President Donald Trump has signed an executive order enabling Japanese firm Nippon Steel’s investment in US Steel, contingent upon compliance with a government-mandated “national security agreement”.The joint statement from both companies confirms $11 billion in new investments by 2028 and the provision of a “golden share” to the US…

Several ‘High-Risk Persons’ Under Lens For Not Complying With I-T Act ProvisionsNEW DELHI: The Central Board of Direct Taxes (CBDT) has launched an investigation against several “high-risk persons” who were allegedly evading taxes and laundering unaccounted funds by investing them in cryptocurrency. These entities and individuals, who were identified for verification and scrutiny, were allegedly…

The rupee plunged 55 paise to close at 86.07 against the US dollar on Friday, its sharpest single-day fall in over three months, as a surge in global crude oil prices and heightened geopolitical tensions rattled investor sentiment.The currency, which opened weaker at 86.25, briefly recovered to an intraday high of 85.92 but ended the…

The US stock market opened sharply lower on Friday as investors reacted to a surge in oil prices and rising bond yields after Israel launched a wave of airstrikes on Iran, escalating Middle East tensions.The Dow Jones Industrial Average dropped over 480 points, down 1.12%, while the Nasdaq and S&P 500 also slipped, pressured by…

NEW DELHI: Tata Group chairman N Chandrasekaran on Friday affirmed that the group will remain committed to doing what is right, even in the face of tragedy, as the company grapples with one of India’s worst aviation tragedies.He said that the Tata group was build on trust and care. “It is a difficult moment, but…

US consumer sentiment improved in June for the first time in six months, according to preliminary data released Friday by the University of Michigan, offering signs of economic stabilization as inflation remains subdued and trade tensions with China temporarily ease.The university’s closely watched Consumer Sentiment Index jumped to 60.5 in June from 52.2 in May…

Tesla has increased prices of its Model S and Model X vehicles in the United States by $5,000 following an update to the two premium electric models, the company announced Thursday via a post on X and updates to its official website.The price hike applies to all configurations of both models. With the adjustment, the…