Business

US stocks today: Wall Street trades mostly in green; Nasdaq up 1% lifted by Intel, Dow slumps over 180 points

Wall Street saw a mixed trading session Friday, with the Nasdaq and S&P 500 climbing on strong Intel earnings and…

5 months ago

RBI revokes Paytm Payments Bank’s banking licence, will move High Court for winding up

The Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank Limited, effective April 24. The central…

5 months ago

Rupee’s valuation hits over-a-decade low: Currency hurt by Middle East war, FPI outflows

Rupee has hit a decade-low against global peers, driven by soaring oil prices and significant foreign investor withdrawals. This depreciation,…

5 months ago

India’s forex kitty: Foreign exchange reserves jump $2.362 billon to $703.308 billion

India's foreign exchange reserves surged by $2.362 billion to $703.308 billion in the week ending April 17, following a previous…

5 months ago

Dalal Street outlook: JP Morgan downgrades Indian equity markets to neutral; shares worst case scenario

JPMorgan has shifted its stance on Indian equities to neutral, citing high valuations and geopolitical uncertainties. The brokerage warns of…

5 months ago

India-US trade deal: Government shares update on agreement; says ‘both sides agreed to…’

India and the US concluded three days of trade talks in Washington, aiming to finalize an interim trade pact and…

5 months ago

FM Sitharaman flags AI cyber risks amid Anthropic ‘Mythos’ concerns

Finance minister Nirmala Sitharaman has directed banks to bolster cybersecurity against advanced AI threats, including those posed by Anthropic's 'Claude…

5 months ago

Cool biz: Why Tokyo workers are ditching suits for shorts?

Tokyo's metropolitan government is allowing employees to wear shorts to work this summer as part of an expanded "Cool Biz"…

5 months ago

Hair oil, ACs, soaps become costlier: How FMCG companies are dealing with Middle East supply blow

Indian consumer goods firms are grappling with soaring input costs, driven by the Middle East conflict. Companies are now tracking…

5 months ago