Business

A senior US Federal Reserve official has said there is no immediate need to cut interest rates further, cautioning that recent inflation data may have been distorted due to disruptions in data collection during the federal government shutdown, AFP reported.Speaking to CNBC on Friday, New York Federal Reserve President John Williams said inflation readings for…

Wall Street opened higher on Friday as gains in artificial intelligence-linked stocks helped lift investor sentiment, even as markets digested a widely expected interest rate hike by the Bank of Japan.In early trade, the S&P 500 rose 0.5%, extending gains from the previous session though the index remained lower for the week. The Dow Jones…

The Asian Development Bank (ADB) committed $4.258 billion in sovereign lending to India in 2025, supporting projects across workforce skilling, renewable energy, urban infrastructure, metro and rail networks, healthcare services and ecotourism, the multilateral lender said on Friday, reported PTI.Of the 16 new projects committed during the year, nearly 32% were in the human and…

China on Friday requested consultations with India at the World Trade Organisation (WTO), challenging New Delhi’s tariffs on information and communication technology (ICT) products and subsidy measures in the solar sector, according to PTI.In a statement, China’s Ministry of Commerce said India’s measures allegedly violate multiple WTO obligations, including the principle of national treatment, and…

India and Oman are aiming to operationalise their recently signed Comprehensive Economic Partnership Agreement (CEPA) within the next three months, Commerce and Industry Minister Piyush Goyal said on Friday, signalling a faster rollout than several past trade pacts, PTI reported.The India–Oman free trade agreement was signed on December 18. Under the CEPA, Oman has offered…

When senior ministers began promising a $5-trillion Indian economy by 2024–25, it was sold as a near-term milestone that would change everyday life — more jobs, better infrastructure, bigger pay packets. In late 2022, home minister Amit Shah even declared that “India will become a 5 trillion dollar economy by 2025.”Three years on, the goalpost…

Piramal Finance on Friday said it has decided to exit Shriram Life Insurance Company by selling its entire 14.72% stake to South Africa-based Sanlam Group for Rs 600 crore, as part of its strategy to monetise non-core assets.The company said it has signed a share purchase agreement with Sanlam Emerging Markets (Mauritius) Limited (SEMM), the…

Gold prices began the day on a softer note on the Multi Commodity Exchange (MCX), with the yellow metal opening at Rs 1,34,027 per 10 grams, a decline of Rs 494 or 0.37%. Despite the dip, gold has managed to stay above the key Rs 1.34 lakh level, a zone closely watched by market participants…

The problem is not which fund to choose. It’s how much they can realistically save. (AI image) “How do I decide how much to save and invest when my income is just about enough?”This is one of those questions that sounds technical, but is actually very emotional.On paper, it’s simple: income comes in, expenses go…

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has suspended the diversity green card lottery programme, saying it allowed the suspect in the deadly Brown University and MIT shootings to enter the United States, as his administration moved to tighten legal immigration channels following the attacks.Homeland security secretary Kristi Noem…