US stock markets traded largely steady on Friday after a softer-than-expected inflation update helped calm investor nerves, even as concerns about artificial intelligence-driven disruption continued to weigh on sentiment.The S&P 500 was nearly unchanged in early trade, a day after recording one of its worst losses since Thanksgiving. The Dow Jones Industrial Average fell 109…
The administration of US President Donald Trump has added several major Chinese companies, including Alibaba and Baidu, to a Pentagon list of firms allegedly supporting China’s military, increasing pressure on Beijing ahead of an expected meeting between leaders of the two countries, according to a Reuters report.The Pentagon’s 1260H list does not directly impose sanctions…
India may import aircraft, engines and spare parts worth about $100 billion from the US under the interim trade pact, a move that could help boost tourism and bring down airfares, Commerce and Industry Minister Piyush Goyal said on Friday. According to a joint statement issued by both sides on Saturday on the framework for…
A key measure of US inflation fell to nearly a five-year low in January as apartment rental price growth slowed and gas prices declined, offering some relief to consumers after years of sharp cost increases.Inflation dropped to 2.4% in January compared with a year earlier, down from 2.7% in December and moving closer to the…
The government on Friday approved the second tranche of the Startup India Fund of Funds Scheme with a corpus of Rs 10,000 crore, aimed at encouraging early-stage startups and deep-tech research, Prime Minister Narendra Modi said in a social media post.On his first day at Seva Teerth, his new office, PM Modi signed files linked…
India’s foreign exchange reserves declined by $6.711 billion to $717.064 billion for the week ended February 6, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, the reserves had surged by $14.361 billion to hit an all-time high of $723.774 billion.During the week ended February 6, foreign…
Airfares to Colombo have shot up sharply as Indian cricket fans scramble to secure last-minute travel for Sunday’s India–Pakistan T20 World Cup clash, with uncertainty around the fixture now resolved.Bookings spiked after Pakistan rolled back its boycott stance around February 9–10, setting off a surge in demand for flights and hotels in the Sri Lankan…
Benchmark equity indices Sensex and Nifty tumbled more than 1 per cent on Friday amid a broad-based selloff led by metal, IT and commodity stocks, tracking weak global market cues.In a volatile session, the 30-share BSE Sensex fell 1,048.16 points, or 1.25 per cent, to close at 82,626.76. During the day, the benchmark tanked 1,140.37…
The Income Tax Department has released the Draft Income Tax Rules 2026. (AI image) The Income Tax Department has released the Draft Income Tax Rules 2026, which once approved will be applicable for FY 2026-27. For salaried and middle class income taxpayers, several changes have been proposed, which will have implications for their taxable income…
The Reserve Bank of India (RBI) on Friday proposed revised guidelines for the Lead Bank Scheme (LBS) to streamline operational processes and enhance the effectiveness of the programme introduced in 1969 to coordinate development activities at the district level, PTI reported.The Lead Bank Scheme is aimed at coordinating the activities of banks, governments and other…
