Union Pacific reported a robust second-quarter adjusted profit of $1.8 billion, or $3.03 per share, exceeding Wall Street’s expectations amid ongoing merger speculation with rival Norfolk Southern, the smallest of the six major US freight railroads.The Omaha-based rail giant said its operating revenue grew 2% year-on-year to $6.2 billion. Analysts had expected earnings of $2.91…
The Centre will issue a new regulation next week to improve oversight and transparency in India’s vegetable oil sector, Food Secretary Sanjeev Chopra said on Thursday.The new framework, titled the 2025 Vegetable Oil Products, Production and Availability (VOPPA) Regulation Order, will replace the existing 2011 order, PTI reported. It introduces mandatory digital reporting of edible…
We take a look at how India and Indians stand to benefit from the free trade agreement with the UK. (AI image) India-UK free trade deal: The landmark India-UK free trade agreement (FTA) was signed on Thursday in the United Kingdom in the presence of PM Narendra Modi and UK PM Keir Starmer. India stands…
The ED raids pertain to an alleged bank loan fraud worth Rs 3,000 crore against Reliance Group chairman Anil Ambani’s companies. The Enforcement Directorate on Thursday conducted simultaneous raids in connection with an alleged money laundering case involving bank loan fraud worth Rs 3,000 crore against Reliance Group chairman Anil Ambani‘s companies, according to a…
Mutual funds focused on midcap stocks have delivered stronger long-term returns for investors using systematic investment plans (SIPs), outperforming smallcap funds over longer periods.According to a study by Equirus Credence Family Office, the Nifty Midcap 150 Total Returns Index (TRI) generated an average return of 17.3% over 10-year rolling periods, compared to 15.1% for the…
Planning a trip to the United States? Get ready to pay a new Rs 22,000 ($250) visa fee under a new policy introduced by the Trump administration. The fee, part of a broader domestic policy law aimed at tightening immigration controls, has triggered alarm within the global travel and tourism industry. What is the fee…
Bernstein reduced its price target for IEX to Rs 122 from Rs 160, whilst keeping a ‘Market-Perform’ rating. (AI image) IEX share price today: The Indian Energy Exchange (IEX) shares dropped 15% to their lower circuit at Rs 159.7 on BSE on Thursday following the Central Electricity Regulatory Commission’s (CERC) official approval to implement market…
Tesla reported weaker-than-expected results for the April–June quarter, posting its biggest revenue drop in over a decade and a notable decline in profits. The Elon Musk-led electric vehicle (EV) giant is facing headwinds from reduced government support and softening demand, even as it pushes ahead with ambitious plans for autonomous driving and new vehicle models.For…
Gold price prediction: With positive momentum building, and strong global cues, MCX Gold may continue its northward journey in the near term. (AI image) Gold and silver price prediction today: Gold prices may test the Rs 101,700 levels in the near future on the back of overall bullish sentiments, say analysts. Silver prices too suggest…
Asian markets rallied on Thursday, with the Australian dollar reaching an eight-month high as upbeat earnings and fresh trade deals lifted investor appetite for riskier assets.Japan’s Topix index touched a record high, tracking Wall Street’s overnight gains, after a new trade agreement between Japan and the US fueled hopes of more deals to avoid sweeping…