US stock indices rose on Wednesday after a better-than-expected wholesale inflation report lifted hopes that the Federal Reserve may resume rate cuts later this year.The S&P 500 inched up 0.2% in early trading, nearing its all-time high set last week. The Dow Jones Industrial Average climbed 170 points or 0.4%, and the Nasdaq composite hovered…
NEW DELHI: In a rare move, India has enhanced the flying rights of a Gulf nation when it raised weekly seats to 18,000 per week between India and Kuwait from earlier 12,000 — a raise of 50%. Now airlines of both sides can deploy 18,000 seats per week. The agreement was signed by India’s aviation…
Wholesale inflation in the US showed no increase in June, indicating continued restraint on upstream price pressures despite mounting concerns over President Donald Trump’s sweeping tariffs, according to fresh data from the Labor Department.The producer price index (PPI), which tracks prices before they reach consumers, was flat in June compared to the previous month, following…
NEW DELHI: Hospitality major ITC Hotels reported its highest ever quarterly profits and revenue in Q1 FY 2026, despite the travel disruption seen in May following the April 22 terror attack on Pahalgam. The company’s consolidated revenue rose 20% to Rs 860 crore and the profit increased 53% to Rs 134 crore. ITC Hotels’ scrip…
Hospitality major ITC Hotels Ltd on Wednesday reported a 53% rise in consolidated net profit to Rs 133.71 crore for the June quarter, up from Rs 87.16 crore in the year-ago period, driven by strong growth in room and food service revenues.The hotel arm of ITC said it is targeting to operate 220 hotels and…
Electric car sales in India are projected to cross 7% of total car sales by FY28, provided supply chain disruptions in rare earth elements (REEs) are resolved in a timely manner, according to a report by CareEdge Advisory. The projection is backed by an accelerating pipeline of new model launches, expanding charging infrastructure, and battery…
The National Highways Authority of India (NHAI) took a step towards sustainable development, announcing that its greenhouse gas (GHG) emissions intensity has been reduced to 0.8 MTCO₂e per kilometre from 1.0 MTCO2e/km. This drop comes even as national highway construction rose by 20% in FY 2023–24, the agency said in its latest Sustainability Report.The comprehensive…
NEW DELHI: Ashok Leyland shares saw a sharp 51% drop on Wednesday, falling from Rs 250.85 to Rs 123.95, potentially causing concern amongst investors.However, the decline is not due to a market crash but a technical adjustment following the company’s 1:1 bonus share issue that took effect the same day, ET reported.The stock began trading…
Indian banks are getting much-needed relief from structural deposit pressures due to the Reserve Bank of India’s aggressive liquidity support measures introduced this year, Fitch Ratings said in a recent report.Since January, the RBI has pumped roughly Rs 5.6 trillion, equivalent to about 2% of total banking system assets, into the financial system via government…
Buying physical silver, whether as coins, bars, or jewellery, can be appealing due to its tangible nature, but it comes with several risks and challenges. (AI image) NEW DELHI: The rally in silver is showing no signs of abating. The price has already crossed ₹1.19 lakh per kg. This surge is driven by increased global…