Wall Street edged higher on Friday as the S&P 500 and Nasdaq hovered near record highs, putting US stocks on track for a third winning week in the past four. Strong corporate earnings, easing Treasury yields, and growing speculation of a Federal Reserve rate cut fuelled investor optimism.The S&P 500 rose 0.2% in early trade…
India has reached a major climate milestone by achieving 50 % of its installed power generation capacity from non-fossil fuel sources, five years ahead of its 2030 target under the Paris Agreement, signed in December 2015.As per official sources cited by PTI, non-fossil fuel sources now make up half of India’s total power generation capacity…
Digital and telecom arm of Reliance Industries, Jio Platforms Ltd, reported a 25% year-on-year (YoY) rise in net profit at Rs 7,110 crore for the quarter ended June 30, 2025. The company’s gross revenue for the first quarter of FY26 climbed 19% YoY to Rs 41,054 crore, according to the consolidated earnings release issued by…
India needs to be ‘very careful and clever’ in US trade deal talks, says Raghuram Rajan; flags farm import riskFormer Reserve Bank of India Governor Raghuram Rajan has cautioned that India needs to be “very careful and clever” while negotiating trade agreements with the United States, especially in sectors like agriculture where developed economies provide…
India’s economy is performing well but needs continued investment in infrastructure, trade agreements coming through, and ease of doing business to accelerate growth, Sanjeev Sanyal, a member of the Prime Minister’s Economic Advisory Council, said on Friday.“So we are in good shape, but can we grow faster? Yes, but for that, we will need to…
NEW DELHI: Nayara Energy’s refinery at Vadinar in Gujarat became the first in India to come under Western sanctions as the European Union on Friday announced fresh curbs on Russian oil exports with the aim of throttling funding for Moscow’s war machine.“For the first time, we’re designating a flag registry and the biggest Rosneft refinery…
Chevron has completed its $53 billion acquisition of Hess Corp, securing a stake in one of the world’s most lucrative oil fields, after winning a key arbitration ruling in Paris. The International Chamber of Commerce (ICC) cleared the way for Chevron to join Exxon Mobil and China’s CNOOC in Guyana’s massive Stabroek Block, ending a…
Foreign Institutional Investors (FIIs) have renewed heavy selling in Indian equities, withdrawing a massive Rs 10,169 crore over five straight sessions through July 17, according to data cited by an ET report. The latest wave of outflows has pushed the July tally past the $1 billion mark, marking a sharp reversal after three months of…
Reliance Retail Ventures Ltd (RRVL), the retail arm of Reliance Industries, on Friday reported a 28.3% year-on-year rise in its profit after tax at Rs 3,271 crore for the quarter ended June 30, 2025, buoyed by robust performance across segments and continued network expansion.Gross revenue for the first quarter rose 11.3% to Rs 84,171 crore,…
BP has announced it will sell its entire onshore wind energy business in the United States to American firm LS Power, marking a major step in its shift away from renewables and back toward oil and gas. The sale includes 10 operational wind assets, though the deal value was not disclosed.“The onshore US wind business…