The rupee closed at a fresh all-time low of 88.35 against the US dollar on Thursday, tumbling 24 paise amid sustained tariff tensions between India and the US, foreign fund outflows, and rising crude oil prices.Forex dealers said a stronger dollar ahead of US inflation data further weighed on the Indian unit, which continues to…
Infosys Ltd on Thursday announced a Rs 18,000 crore share buyback programme, signalling confidence in its long-term cash flows and growth prospects even as the IT services major faces muted revenue growth this fiscal.The company said it will repurchase around 10 crore shares at Rs 1,800 apiece, a 19% premium over the stock’s Thursday closing…
Wall Street traded near record highs on Thursday as fresh US economic data reinforced expectations that the Federal Reserve will cut interest rates next week to support growth. The S&P 500 rose 0.3% in early trade after setting new records in the last two sessions, while the Dow Jones Industrial Average advanced 95 points and…
JioBlackRock Mutual Fund on Thursday announced the launch of its first active equity product, JioBlackRock FlexiCap Fund, on September 23, while indicating that three to four more active equity schemes could be rolled out during the current fiscal.“This is our first active equity fund. Three or four other active equity funds are in the pipeline,…
The discussions will focus on India acquiring six P-8I naval patrol aircraft. (File photo) Amid signs of progress in India-US trade deal talks, a US team of defence officials and Boeing representatives is likely to visit India next week for talks on a multi-billion dollar deal for patrol aircraft.According to a Bloomberg report, officials from…
The EPFO may consider the EPFO 3.0 initiative at its meeting next month, aiming to introduce facilities similar to banking services. (AI image) In a big cheer for Provident Fund subscribers, the Employees’ Provident Fund Organisation (EPFO) may roll out features like withdrawals from ATMs and ban-like transactions ahead of Diwali.The meeting, to be chaired…
India-US trade deal talks India-US trade deal: Commerce Minister Piyush Goyal on Thursday exhibited confidence that India and the US will be able finalise the first tranche of a trade deal by November this year.During a press briefing in Patna, Piyush Goyal said, “In February 2025, Prime Minister Narendra Modi and President Trump together instructed…
Rajesh Agarwal, the chief trade negotiator, will travel to Washington for continued discussions with American officials. (AI image) Amidst signs of thaw in the India-US trade deal issues, government officials are likely to travel to America next week. The recent social media post exchanges between Prime Minister Narendra Modi and US President Donald Trump indicate…
Representative image (Picture credit: AP) Amul has clarified that there will be no change in the price of packaged pouch milk after September 22, even as GST 2.0 reforms come into effect. The dairy major said pouch milk has always attracted zero per cent GST and hence remains unaffected by the recent tax changes.Responding to…
MCX Gold continues to maintain its bullish structure, forming a series of higher highs and higher lows on the daily chart. (AI image) Gold and silver price prediction today: Gold and silver remain poised for more upward momentum, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on…
