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Business

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Business

Wall Street opens higher as traders eye Fed determination, US-China trade talks

US inventory markets opened modestly higher on Wednesday, with buyers treading cautiously forward of a vital Federal Reserve rate of interest determination and renewed trade negotiations between the US and China. At 9:45 a.m. GMT-4, the Dow Jones Industrial Average (DJIA) rose 238 factors or 0.58% to 41,067, whereas the S&P 500 gained 20.52 factors […]

Business

Sensex, Nifty end higher after volatile trade amid escalating tensions

Benchmark inventory indices, Sensex and Nifty, closed higher in a volatile session. File | Photo Credit: AP Benchmark inventory indices, Sensex and Nifty, closed higher in a volatile session on Wednesday (May 7, 2025) as India launched missile strikes on terrorist hideouts in Pakistan and Pakistan-Occupied Kashmir. Follow the ‘Operation Sindoor’ LIVE After gyrating between

Business

India reserves right to retaliate if UK’s proposed carbon tax hits exports: Official

The India-UK free commerce settlement has no provision to counter Britain’s proposed carbon tax. File | Photo Credit: Getty Images/iStockphoto The India-UK free commerce settlement has no provision to counter Britain’s proposed carbon tax, however amid uncertainty and absence of UK laws, New Delhi has preserved its right to retaliate or rebalance concessions if future

Business

Operation Sindoor influence: Defence stocks rally up to 4% as India strikes Pakistan terrorist camps

Operation Sindoor influence: The defence sector stocks witnessed important upticks. (AI picture) Operation Sindoor: Defence stocks rallied on Wednesday, with key corporations like Mazagon Dock Shipbuilders recording features of up to 4%, following the Indian Armed Forces’ Operation Sindoor on May 7. The navy motion was directed at terrorist amenities in Pakistan and Pakistan-occupied Jammu

Business

MoU signed for cargo movement by barges over inland waterways

Inland Waterways Authority of India (IWAI) signed a Memorandum of Understanding (MoU) with Rhenus Logistics India Private Limited, on May 6, 2025. Image credit score: PIB : In a bid to begin barge providers for transporting cargo throughout key nationwide waterways, the Inland Waterways Authority of India (IWAI) on Tuesday (May 6, 2025) signed a

Business

RBI forex income likely greater, set to push dividend payout to central government

The central financial institution’s income from overseas alternate reserves deployment in FY25 seems greater than the earlier 12 months, influenced by sustained elevated US treasury yields all through a number of months, primarily based on latest RBI information quoted by the Economic Times.This income, stemming from curiosity earnings on overseas property, may contribute to a

Business

India-U.Okay. FTA, a significant step toward fostering commerce, investment and job creation in both nations: Nasscom

FTA’s give attention to digitally delivered providers, skilled providers and monetary providers aligns with the aspirations of the Indian expertise sector, Nasscom says. | Photo Credit: Getty Images/iStockphoto Bengaluru Nasscom, the tech trade apex physique, has welcomed the India-U.Okay. Free Trade Agreement (FTA), terming the settlement a testomony to the deepening financial partnership between the 2

Business

‘A difficult resolution’: PwC to lay off 1,500 staff members across US

PWC to lay off workers in US PwC, one of many Big Four accounting companies, has introduced a discount of roughly 1,500 positions across its United States operations, as confirmed by an organization consultant to Reuters on Monday.The staff discount represents about 2 per cent of the corporate’s United States workforce, in accordance to the

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