Wall Street began the week on a cautious note on Monday, with investors holding back as they waited for a busy line-up of corporate earnings and a key speech from the Federal Reserve chief later this week.US stocks began the day trading near their record highs but slowly drifted in red.The Dow Jones Industrial Average…
India’s unemployment rate eased to 5.2% in July, from 5.6% in June, according to the government’s latest labour force survey, released on Monday.The Periodic Labour Force Survey (PLFS), conducted by the Ministry of Statistics and Programme Implementation (MoSPI), showed that the unemployment rate in May had also stood at 5.6%.Data collected under the current weekly…
State-owned Bank of Maharashtra (BoM) has joined hands with SBI Card to roll out a new co-branded credit card, promising premium and highly-rewarding shopping experience for discerning customers across segments. According to a joint statement made on Monday, the Bank of Maharashtra-SBI Card has been introduced in three variants: Bank of Maharashtra SBI Card ELITE,…
The fiscal cost of the government’s proposed Goods and Services Tax (GST) rate rationalisation will remain manageable, with an estimated revenue loss of Rs 1.1 trillion annually or 0.3% of the GDP, a UBS report said.For the financial year 2026, the firm expected the shortfall of Rs 430 billion, or 0.12% of GDP, that could…
As the Centre is proposing a two-slab structure pro-middle-class ‘Next Gen GST,’ many are concerned about its impact on the revenue. However, government sources clarified that the Centre and the states are equal partners in sharing the revenue and the proposal might boost revenue over time, fueled by increased consumption.Under the current Goods and Services…
India’s push to build its own semiconductor ecosystem got a boost after Union Minister for Electronics and Information Technology Ashwini Vaishnaw praised the progress in chip manufacturing, calling it an important step towards becoming a “product nation”.Taking to X on Monday, Vaishnaw cited a media report while highlighting the importance of homegrown chipsets in India’s…
Donald Trump CHENNAI: Commercial banks have beefed up measures to contain the impact of 50% tariff on India’s exports to the US effective from Aug 27. They are looking at multiple options including temporary interest concessions, flexible repayment structures and working capital lines to help manage cash flow pressures arising from delayed shipments. The move…
Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting August 18, 2025) are HDFC Life, and Hindustan Aeronautics (HAL). Let’s take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) HDFC Life 788 910 15% HAL 4544 5800 28%…
A judge in Australia fined Qantas Airways 90 million Australian dollars ($59 million) for unlawfully dismissing more than 1,800 ground staff during the early stages of the Covid-19 pandemic. The penalty is in addition to the AU$120 million ($78 million) compensation the airline had already agreed to pay dismissed employees.Justice Michael Lee of the Australian…
Prime Minister Narendra Modi‘s Independence Day announcement regarding India’s GST restructuring by Diwali has significantly impacted Dalal Street, with over 40 stocks across various sectors identified as potential beneficiaries. As the stock markets marked the opening for the week on Monday, it witnessed substantial gains across automotive, financial, real estate, consumer and cement sectors as…
