Wall Street opened the week with modest gains on Monday, holding near record levels ahead of a packed calendar of corporate earnings, even as investors weighed the ongoing effects of US trade tariffs under President Donald Trump’s administration.The S&P 500 rose 0.3% in early trade, hovering just above the record it set last Thursday. The…
India’s goods exports to the US increased by 22.8 per cent to $25.51 billion during April-June this fiscal year. (AI image) India-US trade deal: Amidst ongoing negotiations between India and the US, an American delegation is scheduled to visit India in August. India and the US are looking to seal an interim trade deal before…
Growth in India’s eight core infrastructure sectors slowed to 1.7% in June 2025, down from 5% in the same month last year, as five of the eight sectors, including coal and electricity, registered a contraction, according to official data released on Monday.While marginally better than the 1.2% growth recorded in May 2025, the latest numbers…
Nvidia CEO Jensen Huang’s recent visit to Beijing has sparked a wave of public enthusiasm, with videos on Chinese social media showing the billionaire executive signing autographs, posing for selfies, and mingling with fans on the streets—an unusual sight for a global tech CEO. This marked Huang’s third visit to China in 2025 and coincided…
The Income Tax Bill, 2025 aims to replace the Income Tax Act, 1961. (AI image) New Income Tax Bill 2025: A Parliamentary committee reviewing the new Income Tax Bill has recommended that the Ministry of Finance should permit individual taxpayers to file returns and claim TDS refunds beyond the deadline without penalties. The committee also…
Indian equity markets remain among the most expensive globally despite recent corrections, according to a report by Nuvama Institutional Equities. The brokerage highlighted that India’s 12-month forward price-to-earnings (PE) ratio stands at 23.3 –the highest among major developed and emerging markets –and is 1.6 standard deviations above its 10-year average.The country’s 12-month forward price-to-book (PB)…
Mukesh Ambani-owned Reliance Industries has opted to grow independently in India’s fast-growing quick commerce market, saying that acquisition does not make sense based on their cost structures.The company said it will grow on its own, citing integration challenges and a strong customer base.“We do not want to leave any pocket where we are not competitive….
The Fastag system faces challenges with inadequate bank-based customer support. Fastag may be used for toll payments pan India but its adoption for wider use cases still remains severely limited. The electronic toll collection system has shown negligible growth in the last fiscal year. The system’s growth, including transaction volumes and participating banks, has remained…
Early earnings trends for the June quarter showed sluggish revenue and profit growth, excluding a one-time gain reported by Reliance Industries (RIL).According to an ET report, growth momentum has slowed to its lowest in at least nine quarters, largely due to muted performance from key sectors like banking, finance, FMCG, and IT.Among 186 companies that…
Gold price prediction: This week’s key triggers include US durable goods orders, manufacturing and services PMIs, China’s loan prime rate decision, and Fed Chair Powell’s speech. (AI image) Gold price prediction today: Gold prices are expected to remain steady as global economic events continue to shape the yellow metal’s price outlook. Manav Modi, Senior Analyst,…