The US Federal Reserve’s preferred inflation gauge eased more than expected in April, offering a temporary reprieve from price pressures even as new tariffs introduced by President Donald Trump began to take effect.According to data released Friday by the Commerce Department, the personal consumption expenditures (PCE) price index rose 2.1% year-over-year, down from a revised…
US inflation gauge cools with little sign of tariff impact, so far (Photo: AP) A key US inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped. Friday’s report from the Commerce Department showed that consumer prices rose just 2.1 per cent in April…
India has agreed to exempt Saudi Arabia’s Public Investment Fund (PIF) from certain foreign portfolio investment (FPI) rules in a move aimed at attracting long-term capital and deepening financial engagement with the Gulf nation, two sources familiar with the matter said.The exemption comes amid ongoing efforts by both countries to strengthen economic ties, following Prime…
The government has pegged the full fiscal year GDP growth at 6.5% provisionally. (AI image) India Q4 GDP data: The Indian economy grew at a better-than-expected rate of 7.4% in the fourth quarter of FY 2024-25. The government has pegged the full fiscal year GDP growth at 6.5% provisionally. While the economy has picked up…
IndiGo has signed a Memorandum of Understanding (MoU) with Bangalore International Airport Ltd. (BIAL) to establish a dedicated Maintenance, Repair, and Operations (MRO) facility at Kempegowda International Airport, Bengaluru.Under the agreement, BIAL will allocate approximately 31 acres of land to IndiGo for the development of MRO infrastructure, which will support the airline’s growing fleet, ANI…
Hindustan Unilever Ltd (HUL) Managing Director Rohit Jawa’s total remuneration rose by 3.75 per cent in FY25 to 23.23 crore, according to the company’s latest annual report.Jawa’s annual pay package included a salary of 3.65 crore, allowances of 11.45 crore, a bonus of 3.78 crore, and long-term incentive perquisites amounting to 2.76 crore, PTI reported.The…
IndiGo CEO Pieter Elbers (File photo) IndiGo is stepping up its global ambitions with plans to launch direct flights to 10 international destinations, including key European cities such as London, Athens, Amsterdam, and Manchester, in the current financial year. This strategic move marks a significant milestone in the airline’s growth, including its much-anticipated entry into…
Sebi has imposed monetary penalties of Rs 5 lakh each on Warsi and Goretti. The Securities and Exchange Board of India (Sebi) has imposed restrictions on actor Arshad Warsi, his spouse Maria Goretti and 57 other individuals from participating in securities markets for periods ranging from one to five years. This action follows their involvement…
Apple’s suppliers delivered 2.9 million iPhones from India to the United States in April. (AI image) US President Donald Trump’s directive to Tim Cook to shift iPhones production away from India doesn’t seem to be deterring Apple from shipping a higher number of smartphones from the country. Apple’s suppliers delivered 2.9 million iPhones from India…
Representational AI image Asian stock markets slipped on Friday after a court ruling in the United States that gave president Donald Trump’s tariff policies a temporary reprieve. The stocks had improved the previous day when a lower court had termed them unconstitutional. The Nikkei in Tokyo and the Hang Seng in Hong Kong dropped 1.4%…