Kashmir on Friday witnessed a first-of-its-kind milestone in automobile logistics, with the arrival of its maiden dedicated car carrier rake by Indian Railways.A special train carrying 116 brand-new Maruti Suzuki vehicles, including Brezza, Dzire, WagonR and S-Presso, rolled into the Anantnag Goods Shed directly from the company’s Manesar plant in Haryana, PTI reported. This marks […]
Billion dollar boost loading? Why Taylor Swift’s The Life of a Showgirl album may be just what US Fed & Powell needed – explained
The Life of a Showgirl (Image courtesy: Taylor Swift Instagram) The US economy is faced with the twin conundrum – growth challenges are mounting, and inflation is not in the US Federal Reserve’s comfort zone. At such a time, the release of Taylor Swift’s latest album, The Life of a Showgirl, may spell good news […]
Data blackout: Government shutdown halts US employment releases; economic indicators on hold
The United States has delayed the release of a key employment report as a partial government shutdown entered its third day on Friday, creating uncertainty over the state of the world’s largest economy.Other economic indicators scheduled for publication this week, including weekly unemployment claims, have also been postponed, depriving policymakers and businesses of crucial information […]
US market today: Wall Street edges higher as record-setting week nears end; AI optimism drives tech gains amid shutdown
US stocks continued to climb on Friday, as Wall Street edged toward the finish of another record-setting week, buoyed by optimism around artificial intelligence and hopes of easier interest rates despite a partial government shutdown.The S&P 500 rose 0.2% and is on track for its seventh winning week in nine, while the Dow Jones Industrial […]
Forex reserves dip to $700.2 billion: Foreign currency assets decline; gold holdings rise
India’s foreign exchange reserves declined by $2.334 billion to $700.236 billion in the week ended September 26, according to data released by the Reserve Bank of India (RBI) on Friday. In the previous week, the reserves had dipped by $396 million to $702.57 billion.The fall was primarily due to a drop in foreign currency assets […]
Gold rate today: Prices dip Rs 500 to Rs 1,20,600/10g in Delhi; rally ends after 5 days of record highs
Gold rate today: Gold prices snapped their five-day record-setting rally on Friday, retreating by Rs 500 to Rs 1,20,600 per 10 grams in the national capital as investors booked profits and a mild recovery in the US dollar dampened sentiment.According to the All India Sarafa Association, gold of 99.9 per cent purity had previously surged […]
Unsaturated Indian market offers huge investment; GST reforms key to tackle external factors, says Finance Commission chair
India’s economy is showing strong signs of growth, with opportunities for investment and development expanding across the country, 15th Finance Commission chairman NK Singh said on Friday.He noted that India’s saturated domestic market presents vast opportunities for private investment, public-private partnerships, foreign private capital, and mobilising internal resources.Speaking at the 4th ‘Kautilya Economic Conclave 2025’ […]
AI talent wars: OpenAI requests court to dismiss xAI’s allegations; calls them ‘false and unsubstantiated’
OpenAI has asked a federal judge to dismiss a lawsuit from Elon Musk’s AI startup xAI, which claims that the company lured away its employees to steal trade secrets. OpenAI called the case part of Musk’s “ongoing harassment” and denied all allegations as “false and unsubstantiated.”In its court filing, OpenAI said, “Under Musk’s leadership, talented […]
‘Pawn in trade negotiation’: China refuses to buy US soybeans; Donald Trump admin plans support for farmers
American farmers are looking at losing billions of dollars as Chinese importers have refused to buy US soybeans due to tensions between the two nations. To ease the blow, US treasury secretary Scott Bessent announced that the government will be rolling out new support measures for the farming sector.Bessent told CNBC that the federal government […]
India’s luxury market: Pre-owned goods see record growth; handbags, watches lead purchase
India’s market for pre-owned luxury goods is seeing unprecedented growth, with both online and offline retailers reporting rising sales of classic luxury items this year.Arjun Singh Hira, founder of chronoseconds.com, a platform for pre-owned luxury watches, recorded his largest single sale last month when a billionaire from a tier-II city purchased watches worth Rs 1.6 […]