US consumer inflation rose to its highest level since January at 2.9% in August, government data showed on Thursday, but analysts expect the Federal Reserve to proceed with an interest rate cut next week.According to the Labor Department, the consumer price index (CPI) accelerated from 2.7% in July on a year-on-year basis, with President Donald…
JioBlackRock Mutual Fund on Thursday announced the launch of its first active equity product, JioBlackRock FlexiCap Fund, on September 23, while indicating that three to four more active equity schemes could be rolled out during the current fiscal.“This is our first active equity fund. Three or four other active equity funds are in the pipeline,…
The Indian real estate sector has attracted nearly $80 billion in institutional investments over the last 15 years, with foreign investors contributing a strong 57 per cent share, according to a joint report by CREDAI and Colliers India.Realtors’ apex body CREDAI and real estate consultant Colliers released the report, titled ‘Indian real estate: Fostering equity…
India moves to boost high-grade steel production to reduce import dependence; Kumaraswamy assures ‘all necessary support’ India is stepping up efforts to manufacture specialised high-grade steel for the automobile sector in order to cut down reliance on imports, Union minister for steel and heavy industries H D Kumaraswamy said on Thursday.Speaking at the annual convention…
HDFC Bank will undergo scheduled maintenance on Saturday, 13th September 2025, from 12:30 am to 7:30 am. The bank says this initiative aims to enhance system performance, improve reliability, and provide a smoother banking experience.Tip for uninterrupted paymentsDuring the maintenance, HDFC Bank recommends using PayZapp Wallet.Customers can pre-load the wallet and continue making payments, scanning…
Donald Trump offered detained South Korean workers a chance to stay US President Donald Trump had offered hundreds of South Korean workers arrested during a Georgia immigration raid the opportunity to remain in the United States but nearly all opted to return home, South Korean officials said on Thursday. As per news agency Reuters, only…
Prime Minister Narendra Modi with his Mauritian counterpart Navinchandra Ramgoolam during a bilateral meeting in Varanasi (Picture credit: PTI) India and Mauritius will soon begin trading in local currencies, Prime Minister Narendra Modi announced on Thursday, describing it as the next big step in strengthening financial and economic linkages between the two countries.Speaking alongside Mauritian…
The discussions will focus on India acquiring six P-8I naval patrol aircraft. (File photo) Amid signs of progress in India-US trade deal talks, a US team of defence officials and Boeing representatives is likely to visit India next week for talks on a multi-billion dollar deal for patrol aircraft.According to a Bloomberg report, officials from…
India’s merchandise trade deficit is likely to ease marginally in August 2025, supported by a rise in gold imports ahead of the festive and wedding season, according to a report by Union Bank of India.The report estimated the deficit at $26.1 billion in August, compared with $27.4 billion in July, noting, “Merchandise trade deficit likely…
The EPFO may consider the EPFO 3.0 initiative at its meeting next month, aiming to introduce facilities similar to banking services. (AI image) In a big cheer for Provident Fund subscribers, the Employees’ Provident Fund Organisation (EPFO) may roll out features like withdrawals from ATMs and ban-like transactions ahead of Diwali.The meeting, to be chaired…
