Wall Street steadied on Wednesday as Alphabet and other technology stocks lifted sentiment, helping the S&P 500 edge higher and break its recent losing streak. The benchmark index gained 0.5% and was on track to end a two-day decline that followed its latest record high. The Nasdaq composite rose 0.8%, while the Dow Jones Industrial…
NEW DELHI: The Goods and Services Tax (GST) Council on Wednesday is likely to have approved key changes to tax rates on footwear and apparel, providing relief to consumers and the industry, sources told news agency PTI.As part of the changes, footwear and apparel priced up to Rs 2,500 are likely to be moved into…
The Czech government on Wednesday approved a plan by the defence ministry to acquire 44 Leopard 2A8 battle tanks from Germany in a deal worth more than 34 billion koruna ($1.6 billion). The acquisition is part of Prague’s sweeping military modernisation programme amid Russia’s war against Ukraine.Defence Minister Jana Černochová said the tanks would be…
Health and term insurance premiums could become more affordable if the Goods and Services Tax (GST) Council clears a rate cut during its two-day meeting that began Wednesday, but insurers may face near-term profitability pressures, according to a report by HSBC Securities and Capital Markets (India).At present, health and term insurance products attract an 18%…
German foreign minister Johann Wadephul with commerce minister Piyush Goyal (Picture credit: X/@PiyushGoyal) India and Germany on Wednesday reaffirmed their commitment to deepen economic and strategic cooperation, with discussions covering trade, innovation, defence and security during German foreign minister Johann Wadephul’s two-day visit to the country.Commerce minister Piyush Goyal co-chaired a meeting in the capital…
Gold rate today: Gold prices shot up by Rs 1,000 to hit a fresh all-time high of Rs 1,07,070 per 10 grams in Delhi on Wednesday, fuelled by mounting expectations of a US Federal Reserve rate cut, geopolitical tensions, and concerns over the US economy. The yellow metal of 99.9 per cent purity had closed…
Representative image (Picture credit: ANI) India’s benchmark 10-year government bond yield is expected to remain in the 6.50-6.60 per cent band during September, according to a report released by Bank of Baroda.The report highlighted that the announcement of the second-half borrowing calendar will be a key factor, as the allocation of securities across maturity buckets…
File photo: Former Prime Minister Jawaharlal Nehru The iconic bungalow at Motilal Nehru Marg (earlier 17 York Road), which once served as the first official residence of former Prime Minister Jawaharlal Nehru, is set to change hands in what could be the costliest residential property deal in India.According to ET, the property is being acquired…
Reliance Jio’s upcoming stock market debut could reshape India’s telecom sector, with financial services firm CLSA calling it a “mega event” that may also trigger a rerating of Bharti Airtel. The brokerage underlined that Jio, which commands a subscriber base of over 500 million across 4G and 5G networks, holds 42 per cent market share…
Citi has appointed banking veteran Kaustubh Kulkarni as co-head of its Investment Banking Coverage for Japan, Asia North and Australia, and Asia South, according to an internal memo seen by Reuters.Kulkarni, who will join in December subject to regulatory approvals, will be based in Singapore and serve alongside current head Jan Metzger. Both will report…
