The United States on Friday launched an investigation into China’s adherence to the ‘Phase One trade’ deal signed in 2020.Under the deal, China had pledged to increase purchases of US products and services by hundreds of billions of dollars over 2020 and 2021. However, the targets were not met, largely due to the Covid-19 pandemic.The…
BSE’s stock has staged a strong recovery after weeks of anxiety over regulatory reforms, gaining 15% in a month as concerns over the weekly options expiry rule fade and traders return. The stock jumped nearly 2% to Rs 2,533.70 on Thursday before settling at Rs 2,486.50, raising doubts about the rally’s sustainability.Amid speculation that the…
India’s foreign exchange reserves rose by $4.496 billion, reaching $702.28 billion for the week ending October 17, majorly driven by an increase in the value of gold reserves, the Reserve Bank of India said Friday.Last week, the overall reserves had increased by $2.176 billion to $697.784 billion, reported PTI.Foreign currency assets (FCA), the largest part…
US inflation hits 3% (AP) US inflation remained elevated in September, fueled by a surge in gas prices, even as rent growth slowed, reflecting a mixed picture for consumers in an economy with steady growth but sluggish hiring.According to the labor department report, cited by AP, consumer prices rose 3% from a year earlier—the highest…
Social security benefits to rise 2.8% (AP) The Social Security administration on Friday announced that its benefits will increase by 2.8% in 2026, giving retirees an average monthly boost of more than $56. The rise reflects moderating inflation after several years of higher cost-of-living adjustments (COLA).The increase will take effect in January for nearly 71…
With Nifty hovering close to record highs and investor sentiment remaining upbeat, the primary market is set for a new phase, where five major companies are preparing to raise nearly Rs 35,000 crore through IPOs over the next two months.The lineup features some of the country’s most prominent consumer and fintech brands—Lenskart, Groww, Pine Labs,…
RIL responds to US, EU sanctions on Russian crude NEW DELHI: Reliance Industries Ltd (RIL) on Friday said it is assessing the impact of the latest sanctions imposed by the United States and the European Union on Russian oil companies.In an official statement, a company spokesperson said RIL will comply with guidelines on the import…
Trump sanctions to hit India: Indian refiners are preparing to scale up crude oil purchases from the Middle East, Latin America, and the United States to compensate for reduced imports from Russia, analysts told news agency PTI.This comes after the US government on Wednesday imposed fresh US sanctions on two of Moscow’s biggest producers, Rosneft…
(Image credits: X @NHAI_Official) The National Highways Authority of India (NHAI) is stepping up efforts to make toll plaza operations more transparent and commuter-friendly by directing its field offices to prominently display details about the ‘Local Monthly Pass’ and the ‘Annual Pass’ at all toll plazas under its jurisdiction.Signage boards will be installed at prominent…
Representative image (AI-generated) Indian fertiliser companies are preparing to set up a urea manufacturing facility in Russia, a move that is likely to be announced during Russian President Vladimir Putin’s visit to India in December. This would be India’s first fertiliser venture in Russia.The plant will use Russia’s abundant ammonia and natural gas reserves, ensuring…