US stocks edged lower on Wednesday as investors awaited the Federal Reserve’s interest rate decision later in the day, while rising crude prices linked to the Iran war kept pressure on market sentiment.The S&P 500 fell 0.2 per cent, a day after retreating from its record high amid weakness in artificial-intelligence stocks and concerns over…
Kevin Warsh (Photo credit-AP) Kevin Warsh, President Donald Trump’s nominee to lead the Federal Reserve, moved a step closer to becoming the next US central bank chief after the Senate Banking Committee approved his nomination on Wednesday, AP reported.The committee voted 13-11 along party lines, with all Republican senators backing Warsh and all Democrats opposing…
Banks will be allowed to extend relief measures to borrowers in calamity-hit areas without waiting for individual requests, under revised Reserve Bank of India guidelines that will come into force from July 1, 2026.The RBI on Wednesday issued fresh directions after considering stakeholder feedback on draft norms covering relief measures in areas affected by natural…
Benchmark equity indices Sensex and Nifty rebounded nearly 1 per cent on Wednesday, helped by bargain buying in FMCG, auto and telecom shares, upbeat earnings sentiment and gains across Asian markets.Traders said signs of possible de-escalation in geopolitical tensions also supported sentiment.In a volatile session, the 30-share BSE Sensex climbed 609.45 points, or 0.79 per…
Any increase in UAE’s crude oil production will directly strengthen India’s energy security. (AI image) The United Arab Emirates’ (UAE’s) shock move to exit the OPEC and OPEC+ may have far reaching implications for not just world oil markets and oil prices, but also in terms of the relevance of cartels in an increasingly multi…
Mining conglomerate Vedanta Ltd on Wednesday reported an 89 per cent jump in consolidated profit after tax to Rs 9,352 crore for the quarter ended March 2026, helped by higher sales volumes, rising global metal prices and gains from a weaker rupee.The Anil Agarwal-led company had posted a consolidated profit after tax of Rs 4,961…
According to the RBI, cost pressures and uncertainty have taken a toll on new orders and output. (AI image) When it comes to the Indian economy, domestic resilience is often cited as its biggest strength. But how long can the Indian economy continue to hold well as external pressures in the form of supply disruptions…
Institutional investments in India’s real estate sector stood at $1.6 billion during January-March 2026, rising 26 per cent year-on-year but falling sharply 52 per cent from the previous quarter amid the Middle East conflict.Investments had totalled $1.27 billion in January-March 2025 and $3.35 billion in the October-December quarter of last year, according to Cushman &…
If you are planning to buy gold jewellery worth more than Rs 2 lakh or open a demat account without a PAN, the new income tax framework has an important update for you. From April 1, old Form 60 has been replaced by Form 97, but PAN remains compulsory for several high-value purchases and financial…
India’s industrial production growth slowed to a five-month low of 4.1 per cent in March, weighed down by subdued manufacturing activity and near-flat expansion in the power sector amid the Middle East crisis, reported PTI.Factory output, measured by the Index of Industrial Production (IIP), had grown 3.9 per cent in March 2025, according to official…
Despite a substantial increase in the coverage of health insurance or finance schemes, which only cover inpatient treatment, between 2017-18 and 2025, out-of-pocket expenditure by patients and their families still accounts for almost all of the spending on hospitalisation. This was revealed in the latest household consumption survey on health conducted by the National Statistical…
Oil prices extended their rally on Monday, climbing nearly 2% as stalled peace talks between the United States and Iran and continued disruptions in the Strait of Hormuz kept global supply under pressure.Brent crude futures rose $2.16, or 2.05%, to $107.49 a barrel, the highest since April 7, while US West Texas Intermediate (WTI) gained…
