US stocks moved higher on Wednesday, driven largely by gains in Nvidia, the market’s most influential stock. The S&P 500 rose 0.9%, pulling within 1.1% of its all-time high set late last month. The Dow Jones Industrial Average was up 308 points, or 0.6%, as of 12:21 p.m. Eastern time, while the Nasdaq composite climbed…
Goyal said India can produce goods in areas where US manufacturers may not be competitive. India is looking to diversify its sources of crude oil, Commerce Minister Piyush Goyal has said. Goyal’s comments assume significance in light of the India-US trade deal joint statement which lowers tariffs on Indian exports to 18%. The Donald Trump…
New Delhi, Markets regulator Sebi on Wednesday said it has formed a working group to undertake a review of the regulatory framework governing ESG Rating Providers (ERPs). The decision has been taken based on feedback received from market participants and stakeholders regarding the existing regulatory framework. The working group comprises representatives from issuers, investors/ ESG…
For millions of salaried professionals and self-employed Indians, financial concern is not just job loss or market volatility — it is securing a safety net in retirement.Unlike most government employees who are covered under pension schemes, most private sector workers today must build their own retirement fund. This has made the National Pension System (NPS),…
NEW DELHI: India “doesn’t engage as a meek country,” Union commerce minister Piyush Goyal said on Wednesday asserting that “trust and negotiation from a position of strength,” have defined the country’s recent trade successes.Speaking at the Global Economic Cooperation Summit in Mumbai, Goyal said India’s approach to economic diplomacy is rooted in engagement, confidence and…
A senior executive of NVIDIA said on Wednesday India needs to significantly scale up its investment in Artificial Intelligence (AI) infrastructure from the current $1.2 billion to align with global levels, describing the Union Budget’s 20-year tax holiday for foreign companies as a major opportunity to build foundational AI capacity. Speaking at the AI Impact…
Cigarette stocks lit up Dalal Street on Wednesday after reports that manufacturers had raised prices to counter higher tax outgo. Shares of ITC Ltd, Godfrey Phillips India Ltd and VST Industries Ltd climbed by as much as 15%, following media reports that companies have implemented price hikes to pass on the impact of the recent…
Gold price prediction today: Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers is of the view that gold prices are likely to resume their upward trend in the long run. He takes a look at the top factors for gold prices in the coming days: Gold ended the last week…
Planning to visit a bank? You might want to check the bank holiday list first! Banks in India follow both national and state-specific holidays, which means branches do not shut uniformly across the country. What’s open in one region could be closed in another, and hence, it is essential to check the schedule in advance…
US President Donald Trump on Tuesday announced a “MASSIVE Trade Deal with Japan,” under which Tokyo will make a “$550 BILLION commitment to invest in the United States of America.” The White House unveiled three large-scale investment projects backed by Tokyo with a combined value of $36 billion, representing the first tranche under Japan’s $550…
