Alexander Stubb (left), Donald Trump (@RapidResponse47) The United States will purchase 11 icebreaking vessels from Finland in a move aimed at bolstering its Arctic maritime capabilities, President Donald Trump announced on Thursday during a meeting with Finnish President Alexander Stubb at the White House.Under the agreement, four vessels will be built in Finland, while seven […]
US home loans ease: Average 30-year mortgage rate drops to 6.3%; borrowing costs at lowest level in a year
The average long-term mortgage rate in the US fell to 6.3% this week, returning to its lowest level in about a year, mortgage buyer Freddie Mac said on Thursday. The rate on a 30-year fixed loan edged down from 6.34% last week, while a year ago it averaged 6.32%.Rates on 15-year fixed mortgages, often used […]
Diwali gold guide: Thinking beyond coins and bars; here are 4 smart ways to turn small investments into big returns
Once dominated by jewellery, coins and bars, gold investment in India is rapidly moving into the digital and market-linked space, offering investors high returns without the need to hold physical gold.With the festival season of Dhanteras and Diwali approaching, investors looking for pure returns rather than physical ownership now have multiple options, including digital gold, […]
RBI reshuffle: Shirish Murmu takes charge of key departments; central bank realigns deputy governor portfolios
The Reserve Bank of India (RBI) on Thursday announced a reshuffle of portfolios among its four deputy governors, redistributing oversight of its 32 departments.Shirish Chandra Murmu, who assumed charge as deputy governor following the retirement of M Rajeshwar Rao, has been assigned key divisions, including the departments of communication, government and bank accounts, regulation, and […]
Starmer addresses CEO, Fintech fest calls for deeper fintech and technology linkages
MUMBAI: UK prime minister Keir Starmer, on his maiden visit to Mumbai as head of state, sought to reposition his country as a key economic ally, showcase the UK’s renewed economic confidence, and call for deeper fintech and technology linkages.Starmer said that the India-UK trade deal was a huge win for both nations and a […]
US markets today: Wall Street pauses near records as gold ticks up; investors cheer airline earnings
Wall Street took a breather on Thursday, with US stocks making only modest moves near record levels while gold edged higher and Treasury yields remained largely unchanged. The S&P 500 inched up 0.1%, coming off its latest all-time high and marking eight gains in the past nine sessions. The Dow Jones Industrial Average rose 21 […]
Investing in PPF? Don’t exceed the Rs 1.5 lakh limit; interest earned on excess contribution will be taken back!
The PPF investment limit was last hiked in 2014, when the government increased the maximum annual contribution from Rs 1 lakh to Rs 1.5 lakh. The Public Provident Fund (PPF) is a popular and safe investment that gives assured and tax-free returns. At 7.1% tax-free, it offers higher returns than what other fixed income options […]
Housing trends: All-India house price index up 3.6% in Q1, Nagpur and Chennai lead quarterly gains
The all-India House Price Index (HPI), compiled by the Reserve Bank of India (RBI) using transaction-level data from 18 major cities, rose 3.6 per cent year-on-year in the first quarter of the current fiscal, the central bank said on Thursday.The RBI said the growth moderated compared with the 7.6 per cent increase in the same […]
Direct benefit transfers: Govt makes Aadhaar authentication must for all centrally sponsored schemes; aim to ensure transparency
The government has announced that all the new centrally sponsored schemes should use Aadhaar authentication for direct benefit transfers. Alongside, payments should be processed using the Aadhaar Enabled Payment System to ensure more transparency.Ahead of the Union Budget for 2026-27, the department of expenditure (DoE) has instructed ministries and state governments to make digital and […]
TCS Q2 results FY26: Tata Consultancy Services posts net profit of Rs 12,075 crore; check details
TCS Q2 results FY 2025-26 TCS Q2 results: Tata Consultancy Services (TCS), India’s largest IT services firm, on Thursday reported a net profit of Rs 12,075 crore for the quarter ended September, 2025.The net profit saw an increase of 1.4% compared to Rs 11,909 crore in the previous year. The profit after tax (PAT) fell […]