US markets traded mixed on Thursday as investors weighed a raft of second-quarter corporate earnings while looking ahead to possible trade deals from President Donald Trump before the August 1 tariff deadline.The Nasdaq Composite gained 0.3% to 21,081.49 in early trade, led by a nearly 3% rise in Google-parent Alphabet. The company posted a better-than-expected…
Infosys shares fell over 1% on Thursday following profit-booking after the company posted its Q1 FY26 results, leading to a market capitalisation erosion of Rs 8,661.66 crore.The stock declined 1.32% to close at Rs 1,553.55 on the BSE after slipping to an intraday low of Rs 1,548.20. On the NSE, it settled 1.36% lower at…
The Income Tax department is in the process of framing rules, forms, and procedures under the proposed Income Tax Bill, 2025, which aims to replace the six-decade-old direct tax legislation, Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal said on Thursday.Speaking at the 166th Income Tax Day event in the capital, Agarwal said the…
Even as benchmark indices have struggled since the September 2024 selloff, a clutch of little-known microcap and penny stocks have delivered blockbuster returns, with at least 50 companies gaining over 200%—and some surging by as much as 5,500%, according to an Economic Times report.Leading the list is RRP Semiconductor, a Maharashtra-based firm whose shares skyrocketed…
A landmark trade deal between the US and Japan has set a new benchmark for global tariff negotiations, as economists say the 15% cap agreed for auto and goods tariffs could become the new normal in ongoing trade talks with other key US partners.Under the agreement, tariffs on Japanese auto imports to the US will…
8th Pay Commission news: As the central government has begun consultations with key stakeholders, including the Ministry of Defence, Ministry of Home Affairs, Department of Personnel and Training, and state governments, as part of the process to constitute the 8th Central Pay Commission (CPC) to revise pay structures for nearly 50 lakh central government employees…
India’s top IT firms are witnessing weak demand across key verticals such as manufacturing, consumer, communications and life sciences, which together account for 40–70% of revenues for several large players, as clients cut discretionary spending and defer projects amid global economic and policy headwinds.According to analysts, these sectors—once seen as growth engines diversifying revenue away…
Tesla and Alphabet stocks delivered sharply contrasting movements on Thursday, sending their shares in opposite directions and exposing choppy undercurrents beneath Wall Street’s calm surface.Alphabet rallied 3.1% after it beat quarterly profit estimates and announced a $10 billion increase in AI chip and infrastructure investment this year, taking its total to $85 billion. The move…
NEW DELHI : Scotch prices — including brands like Glenlivet, Black Label, Glenmorangie, and Chivas Regal — won’t drop just yet, despite the India-UK trade deal halving the steep 150% import duty. The agreement still awaits ratification by the UK Parliament before the changes come into effect.Even when they come down, the reduction in prices…
Indian industry leaders on Thursday welcomed the signing of the India-UK free trade agreement (FTA) as a “transformational milestone” for bilateral economic relations, praising its potential to expand exports, boost investment, and catalyse joint ventures across multiple growth sectors.Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises and Co-Chair of the India-UK CEO Forum, said…