The US government is evaluating potential ownership stakes in defence industry firms. (AI image) The Donald Trump administration seems to be eyeing America’s top defence giants for a stake after it struck a deal with Intel last week. The US government is evaluating potential ownership stakes in defence industry firms, including Lockheed Martin Corp, US […]
Tariff trauma spooks D-St as sensex slides 849 points
Mumbai: The higher US tariffs against select Indian imports to the world’s largest economy that is set to kick off today, and no end in sight to the India-US impasse, spooked Dalal Street as investors pressed the sell button on Tuesday. In addition, Wednesday being a trading holiday also weighed on investor sentiment since any […]
Donald Trump vs Fed governor: US President’s attempts to fire Lisa Cook might land in legal battle; Biden appointee vows not to resign
US President Donald Trump’s attempt to dismissal Federal Reserve governor Lisa Cook is expected to land in court, raising questions over the extent of presidential powers against the traditionally independent central bank.Legal experts say Trump’s claim that he can fire Cook, a Biden appointee, is legally weak but unprecedented. The Supreme Court has recently allowed […]
`Indian pharma resilient to potential US tariffs’
Potential tariff on pharma imports into the US, while still under Section 232 investigation, is unlikely to impact the credit profiles of Indian pharma companies, India Ratings and Research (Ind-Ra) said.While the US contributes around 35% to the total revenue for leading domestic pharma companies, this proportion has been steadily declining over the past few […]
Aviation deal: Korea Air seals record $50 billion deal; Boeing and GE secure mega orders
Korean Air on Monday announced a record-breaking $50 billion order for 103 Boeing aircraft and GE Aerospace engines and servicing, coinciding with South Korean President Lee Jae Myung’s visit to Washington. The purchase marks the largest in the carrier’s history, as per Reuters.The order includes a mix of 787s, 777s and 737s worth about $36.5 […]
Gold rate today: Gold prices rise over Rs 600 to Rs 1,00,170; why investors are flocking to the safe haven asset
Gold became more expensive in the national capital on Tuesday, as the prices surged by Rs 600 to Rs 1,00,770 per 10 grams, supported by a weaker rupee and firm global trends, according to the All India Sarafa Association. The metal of 99.9% purity had settled at Rs 1,00,170 per 10 grams on Monday.Gold of […]
IT firms look beyond US: Indian tech giants expand to Australia, Middle East, Nordic nations; here’s why
Top IT service firms in the country are diversifying beyond the core US market, opening new centres and making acquisitions in Australia, the Middle East, the Nordics and India.With technology spending on the rise in these geographies, software service providers are setting up nearshore centres to meet local demand and cushion themselves from US market […]
ADB to the rescue? Pakistan eyes $2 billion railway upgrade; China’s decade-long rail promise falters
The Asian Development Bank is set to finance improvements to Pakistan’s railway infrastructure, taking over from China following extended delays in securing Chinese funding that risked affecting a crucial mining venture, according to sources quoted by Reuters.The initial plan for renovating 1,800 km of railways was a key component of China’s $60 billion investment initiative […]
HDFC Bank share price: Did the stock really fall 62% today? Here’s what happened
HDFC Bank, India’s largest private sector lender by market value, experienced a technical price adjustment on Tuesday as its shares commenced trading ex-bonus on the NSE and BSE, following the implementation of its 1:1 bonus share distribution.The bank’s decision to issue one additional equity share for every existing share was intended to enhance trading liquidity […]
Trump’s 50% tariffs: Indian refiners may trim Russian crude purchases; but India signals no plans to stop Russia oil trade
Indian refiners, who are major purchasers of Russian crude oil, intend to reduce their imports in the coming days. (AI image) Indian refiners’ crude oil procurement from Russia is set to reduce in the coming weeks, albeit modestly. The move comes at a time when the Donald Trump administration has imposed a 25% additional tariff […]