US stock markets traded largely steady on Friday after a softer-than-expected inflation update helped calm investor nerves, even as concerns about artificial intelligence-driven disruption continued to weigh on sentiment.The S&P 500 was nearly unchanged in early trade, a day after recording one of its worst losses since Thanksgiving. The Dow Jones Industrial Average fell 109…
The government on Friday approved the second tranche of the Startup India Fund of Funds Scheme with a corpus of Rs 10,000 crore, aimed at encouraging early-stage startups and deep-tech research, Prime Minister Narendra Modi said in a social media post.On his first day at Seva Teerth, his new office, PM Modi signed files linked…
Benchmark equity indices Sensex and Nifty tumbled more than 1 per cent on Friday amid a broad-based selloff led by metal, IT and commodity stocks, tracking weak global market cues.In a volatile session, the 30-share BSE Sensex fell 1,048.16 points, or 1.25 per cent, to close at 82,626.76. During the day, the benchmark tanked 1,140.37…
India’s foreign exchange reserves declined by $6.711 billion to $717.064 billion for the week ended February 6, according to data released by the Reserve Bank of India (RBI) on Friday.In the previous reporting week, the reserves had surged by $14.361 billion to hit an all-time high of $723.774 billion.During the week ended February 6, foreign…
MUMBAI: Nykaa will manage the India operations of Kiehl’s, a premium skincare brand from the stable of French beauty and personal care firm L’oreal. As part of the exclusive distribution pact signed with Kiehl’s, Nykaa will run the brand’s existing and upcoming exclusive outlets, India D2C platform and multi-brand retail distribution, the company said on…
A majority of companies are unlikely to reduce salary hikes, even with higher wage bills resulting from the implementation of new labour codes, according to HR heads and compensation experts. However, increments may be moderated in certain sectors, particularly information technology.Costs for benefits such as gratuity, overtime, bonus, and leave encashment have increased after the…
Russia might soon return to the US dollar as the Kremlin is weighing the possibility under a set of economic partnership with the Trump government. According to an internal Russian document cited by Bloomberg, The memo, written this year and circulated among senior officials, identifies seven areas where Moscow believes its interests could align with…
The Budget 2026 places manufacturing as a strategic and frontier sector for sustaining economic growth. (AI image) By Neetu VinayekIndia’s effort to strengthen its manufacturing foundation has steadily progressed over the past decade through a series of significant policy measures. A major milestone was the launch of the Make in India initiative in 2014, designed…
Budget 2026 also strengthens India’s attractiveness through its broader posture on foreign investment and cross-border financial integration. (AI image) By Radhika Saigal and Manoj MarwahUnion Budget 2026 propels India towards building a stable, scalable and globally competitive financial ecosystem that encourages global financial institutions to evaluate India not only as a growth market but also…
Asian stock markets traded in red on Friday, mirroring Wall Street’s downward momentum as tech stocks continued to weigh down investor sentiments. Traders are struggling with concerns over heavy outlays on the artificial intelligence sector. Focus was also firmly on inflation numbers scheduled for release in the United States later in the session.In Hong Kong,…