Business

Federal Reserve Chair Jerome Powell said the central bank will maintain a cautious stance on interest rates and await more data before considering cuts—directly opposing President Donald Trump’s fresh demands for immediate rate reductions. “For the time being, we are well positioned to wait to learn more about the likely course of the economy before…

In a renewed push for secure, year-round connectivity in Jammu and Kashmir, the Centre is set to revisit financial clearances for two key tunnel projects, Singhpora-Vailoo and Sudhmahadev-Dranga. This comes as part of renewed efforts on all-weather connectivity for Jammu and Kashmir following the April 22 Pahalgam terror attack.Both projects, which aim to create an…

Union Telecom Minister Jyotiraditya Scindia (Pic credit- ANI) Union Telecom minister Jyotiraditya Scindia on Tuesday said that duopoly is not healthy for any sector and stressed the need for robust competition across the telecom ecosystem, while announcing that guidelines for delicensing 6 gigahertz spectrum for wifi services will be issued before August 15.Speaking at the…

Bitcoin surged past the $105,000 mark on Tuesday, lifted by easing geopolitical tensions and robust inflows into spot exchange-traded funds (ETFs). As of 12:31 pm IST, the world’s largest cryptocurrency was up 3.7% at $105,785, while Ethereum gained 8% to $2,430. The total crypto market capitalisation rose 4.74% to $3.27 trillion, according to CoinMarketCap, according…

Global central banks managing around $5 trillion in reserves are preparing to reduce their reliance on the US dollar, turning instead to gold, the euro and China’s yuan, according to a survey by the Official Monetary and Financial Institutions Forum (OMFIF).The OMFIF survey, conducted between March and May across 75 central banks, found that a…

This extension for ITR filing AY 2025-26 applies to taxpayers whose accounts do not require auditing, including salaried individuals, NRIs, and pensioners. (AI image) ITR filing last date FY 2024-25: The Income Tax Return filing deadline or last date for FY 2024-25 has been extended by the Income Tax Department this year. Unlike every year,…

Tata Consultancy Services (TCS), India’s largest software services exporter, has committed over Rs 4,500 crore towards a large-scale expansion. The investment will go into setting up new campuses, leasing office spaces, and building long-term infrastructure in key cities including Bengaluru, Kolkata, Kochi, Hyderabad, Coimbatore, and Visakhapatnam.According to an ET report, this expansion strategy is supported…

ACME Solar marks dual milestone ACME Solar Holdings has fully commissioned its 300 MW Sikar Solar Project in Rajasthan, the company announced on Tuesday. With this, ACME’s operational renewable energy capacity now stands at 2,890 MW.This follows the activation of an additional 60 MW capacity on Monday. Earlier this quarter, the company had brought 240…

Danish pharmaceutical giant Novo Nordisk on Tuesday announced the launch of its anti-obesity drug Wegovy in India, targeting chronic weight management and reduction in major adverse cardiovascular events in adults with obesity or overweight.The launch marks the company’s push into India’s growing obesity market, with Wegovy being made available across urban and rural markets in…

Hindustan Copper Ltd (HCL) plans to bid for critical mineral and rare earth element (REE) blocks in collaboration with state-run energy and transport giants such as Indian Oil Corporation Ltd (IOCL), GAIL (India) Ltd and RITES as part of its diversification strategy, its top executive said.HCL Chairman and Managing Director Sanjiv Kumar Singh told PTI…