Wall Street stocks traded flat on Monday as investors watched closely for signs of progress in trade talks between the US and China, the world’s two largest economies.The S&P 500 remained flat, trading at a gain of 0.2%, up 1.43 points reaching 6,001.79. The Dow Jones Industrial Average slipped 62.21 points or 0.15%, trading at…
After three years of double-digit growth, India’s hospitality sector is expected to settle into a steadier pace, with revenue projected to rise by 6-8% in FY2026, a report by the Investment Information and Credit Rating Agency (ICRA) said. The agency has also revised its outlook for the sector from ‘Positive’ to ‘Stable.’Pan-India occupancy in premium…
The much-awaited free trade agreement between India and the four-nation European bloc EFTA is expected to come into force by September this year, commerce and industry minister Piyush Goyal announced on Monday.The trade and economic partnership agreement (TEPA), signed on 10 March 2024, marks a significant milestone in India’s trade diplomacy. Under the deal, India…
India’s life insurance sector kicked off the financial year 2025-26 on a strong note, with a 10.8% jump in new business premium collections during the April-May period, according to data released by the Life Insurance Council on Monday. New business premiums climbed to Rs 52,427 crore in the first two months of the fiscal, up…
Top US and Chinese officials met in London on Monday in fresh efforts to stabilise the fragile pause in their trade fight, which has shaken global markets. The Chinese delegation, led by vice premier He Lifeng and commerce minister Wang Wentao, met with US commerce secretary Howard Lutnick, treasury secretary Scott Bessent and trade representative…
BEML Limited has signed three licensing agreements with the Defence Research and Development Organisation’s vehicles research and development establishment (VRDE) to manufacture critical support and mobility systems for the army’s armoured corps, the state-run company said on Monday. Under the deal, Bharat Earth Movers Limited will indigenously produce the unit maintenance vehicle (UMV) and unit…
Cosmetics maker L’Oreal agreed to acquire a majority stake in British skincare brand Medik8, in a strategic move to strengthen its presence in the booming skincare market. The French beauty giant announced the deal on Monday, though financial terms were not disclosed.The transaction, which sees UK-based private equity firm Inflexion selling its majority holding, reportedly…
Amazon on Monday announced a $20 billion investment to develop two data centre complexes in Pennsylvania, adding to the billions of dollars that Big Tech’s have already poured into the state’s booming data centre industry.The e-commerce giant is planning to construct one data centre next to Susquehanna nuclear power plant, but the plan is now…
In a major push to break language barriers for millions of passengers, the Digital India Bhashini Division (DIBD) and the Centre for Railway Information Systems (CRIS) have signed a memorandum of understanding (MoU) to integrate BHASHINI’s advanced language technologies into key passenger-facing platforms. The MoU was signed on Monday by Amitabh Nag, CEO of BHASHINI,…
ITR filing. A proper understanding and appropriate response to these notices can help you avoid penalties, conserve time and remain stress-free. (AI image) ITR filing FY 2024-25: As the Income Tax Return filing season for FY 2024-25 (AY 2025-26) begins, it’s important to understand that merely filing your ITR does not end your responsibility. In…