US job creation significantly decelerated in June, with only 57,000 new positions added, a stark drop from May’s revised figure. While the unemployment rate dipped slightly to 4.2%, the labor force participation rate also declined. Despite job gains in sectors like healthcare and professional services, leisure and hospitality saw a notable loss. Layoffs, however, remained
Indian stock markets surged on Thursday, with Sensex and Nifty climbing nearly 1%. A significant rally in IT stocks, coupled with easing crude oil prices and positive India-Japan strategic agreements, boosted investor confidence. Despite some blue-chip weakness, the market extended its upward trend, driven by technology shares and optimism surrounding new economic and defence pacts.
Air India Express has fully reinstated its Middle East flight operations, bringing back services to Kuwait and Salalah. Flights to Kuwait from Kozhikode and Bengaluru are resuming with increased frequencies. The airline’s Middle East network now spans 13 destinations, with approximately 780 weekly flights connecting 18 Indian cities. This restoration marks a significant step in
Foreign investors continued their exit from Indian equities in June, withdrawing Rs 49,340 crore amid global risk aversion and domestic valuation concerns. Despite a brief February recovery, outflows have reached Rs 2.7 lakh crore this year, surpassing 2025’s total. While equities saw selling, foreign investors remained active in the debt market, with policymakers introducing measures
India and Japan elevated their trade and strategic ties with a new Memorandum of Cooperation signed during the 16th Annual Summit in New Delhi. Prime Minister Modi welcomed his Japanese counterpart, highlighting shared priorities for a free and prosperous Indo-Pacific. The leaders discussed initiatives to boost Japanese investment in India, aiming for significant growth in
The important thing to understand is that ITR filing is a statutory requirement and an important financial record-keeping. For the financial year 2025-26, the basic exemption limit for individuals below 60 years of age is Rs 2.5 lakh under the old income tax regime and Rs 4 lakh under the new income tax regime.
India stands to save a staggering Rs 1 lakh crore by 2030 if electric vehicles capture 20% of the market, a recent SBI report reveals. The surge in EV adoption, accelerated by geopolitical events, saw registrations jump significantly. However, the report emphasizes the urgent need to expand charging infrastructure and implement a long-term EV roadmap
OpenAI reportedly explored offering the Trump administration a 5% stake, a move aimed at fostering government ties and addressing public profit-sharing concerns amid rising AI scrutiny. Discussions, involving Sam Altman and Trump officials, are conceptual, potentially requiring congressional approval. This comes as AI firms face pressure over job impacts, cybersecurity, and data centers, with some
Top stock market recommendations: REC, Oberoi Realty, and Home First Finance Company India have been recommended by Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management as top stocks to buy on July 2, 2026. He has also shared his views on Nifty and Bank Nifty.
