Soon after the US Supreme Court verdict, Trump announced a 10% universal tariff. (AI image) Will Donald Trump administration’s high reciprocal tariffs come back to haunt global economies? Treasury Secretary Scott Bessent on Tuesday indicated that Trump’s tariff measures could be reinstated by July, potentially returning to the levels that existed before the Supreme Court…
File photo (Picture credit: AP) Asian markets rose on Wednesday, following strong gains on Wall Street. Lower oil prices and renewed hopes for talks between the United States and Iran increased investor confidence.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5% to a six-week high, while Japan’s Nikkei gained 1.2%, inching closer to its…
Stock market today (AI image) Stock market today: Sensex and Nifty50 rallied strongly in opening trade on Wednesday after optimism surrounding renewed US-Iran peace talks led oil prices to drop. While Nifty50 went above 24,200, BSE Sensex rose over 1,200 points. At 9:17 AM, Nifty50 was at around 24,223.45, up 381 points or 1.60%. BSE…
Mumbai: Gold loans have expanded fourfold since March 2022, and their share in the retail credit portfolio is now second only to housing loans at Rs 16.8 lakh crore. However, despite the growth the business is disproportionately concentrated in South India with three states accounting for over 50% of all gold loans.According to the Gold…
Bengaluru: Infosys has set its new AI strategy, “silicon to application,” in motion. The playbook aims to span the full AI ecosystem-from hardware to end-user applications-through targeted investments and partnerships across each layer.At the silicon layer, Infosys has partnered with Nvidia and Intel. “These partnerships matter most when clients need AI to run on their…
NEW DELHI: The Indian economy is seen to be relatively better placed to face the impact of the West Asia crisis, two global agencies said on Tuesday.The International Monetary Fund’s (IMF) latest World Economic Outlook revised upwards India’s growth projection for the current fiscal year to 6.5%, against 6.2% estimated earlier, citing the strong momentum…
NEW DELHI: India’s crude imports from Russia surged in March, with purchases at nearly Rs 5.3 billion (about $6.2 billion) compared with Rs 1.4 billion ($1.6 billion) the previous month, amid the military conflict in West Asia and closure of the Strait of Hormuz.In its latest analysis of Russian fossil fuel exports and sanctions, Centre…
One 97 Communications Ltd, which operates the Paytm brand, has become a majority Indian-owned and controlled company after domestic investors raised their stake to 50.3% as of March-end 2026, PTI reported.The shift marks a structural change in ownership for the fintech firm, with domestic shareholding rising steadily in recent quarters, reflecting growing investor confidence.Domestic institutional…
NEW DELHI: India’s pharmaceutical industry must focus on both generics and innovative products, as well as develop products specially tailored for the country’s patient needs. Domestic companies particularly smaller to mid-sized players can carve out a strong role in rare diseases and niche patient segments, where agility and specialised research can drive meaningful breakthroughs, pharma…
Oil prices declined sharply on Tuesday as hopes of renewed talks between the US and Iran eased concerns over prolonged supply disruptions, even as underlying risks to global energy flows remained elevated. Brent crude futures fell $3.93, or 3.96%, to $95.43 a barrel, while US West Texas Intermediate (WTI) crude dropped $6.60, or 6.66%, to…
