Life Insurance Corporation of India has ramped up its activity in the bond derivatives market, entering into $1 billion worth of forward rate agreements (FRAs) with global lenders including JPMorgan Chase & Co. and Bank of America Corp., Bloomberg reported, citing people familiar with the matter.The deals, executed over the past two months, now represent…
The rupee gave up early gains and settled 18 paise lower at 86.70 against the US dollar on Monday, pressured by persistent month-end dollar demand from importers and caution ahead of key trade and monetary policy decisions.After opening at 86.47 at the interbank foreign exchange, the domestic unit briefly strengthened to an intra-day high of…
The US aerospace giant has globally been in the news for all the wrong reasons. US President Donald Trump’s trade war seems to be benefitting one aviation sector giant in America – Boeing! As Trump seals trade deals with countries around the world, he is also bringing in deals, and Boeing is reaping the rewards.Boeing…
The finance ministry has said there is room for further interest rate cuts by the Reserve Bank of India (RBI), as inflation remains comfortably below the central bank’s medium-term target of 4%. In its monthly economic review released on Monday, the ministry noted that consumer inflation has stayed under the 4% mark since February and…
US stock indices started the week steady and near record highs on Monday, as investors braced for a series of potentially market-moving events, including Big Tech earnings, a key Federal Reserve meeting on interest rates, and further global trade negotiations.The benchmark S&P 500 rose 0.1%, extending a strong run that saw it hit record highs…
TCS layoffs: NITES has written a letter to Union labour minister Mansukh Mandaviya, voicing concerns regarding the mass sackings. (AI image) The news of TCS layoffs has led to Nascent Information Technology Employees Senate (NITES) writing to Labour Minister Mansukh Mandaviya. India’s biggest IT services firm, Tata Consultancy Services (TCS) on Sunday said it would…
Coal and Mines Minister G Kishan Reddy on Monday informed Parliament that promising reserves of rare earth elements (REE) have been discovered in the Singrauli coalfields of Madhya Pradesh, following detailed research and appraisal by Coal India Ltd (CIL).REEs — including elements like scandium and yttrium — are essential components in clean energy systems, electronics,…
Gold prices declined by Rs 500 to Rs 98,020 per 10 grams in the national capital on Monday, marking the fourth straight day of losses, as investor demand weakened after a trade deal between the US and the European Union reduced safe-haven interest. The data was released by the All India Sarafa Association.On Saturday, gold…
India’s industrial output growth slipped to a 10-month low of 1.5% in June 2025, dragged down by contractions in mining and electricity production due to the early arrival of the monsoon, according to official data released by the National Statistical Office (NSO) on Monday.In comparison, factory output as measured by the Index of Industrial Production…
NEW DELHI: The corporate sector recorded a muted revenue growth of 4-6 per cent in the first quarter of this financial year, slipping from around 7 per cent growth seen in the previous two quarters, Crisil Intelligence has said.The weaker performance was largely due to a slowdown in key sectors such as power, IT services…