Wall Street powered higher on Friday after Federal Reserve Chair Jerome Powell signalled that interest rate cuts could be approaching, though he stopped short of offering a clear timeline. The rally came as investors and President Donald Trump kept up pressure for lower borrowing costs, which they believe would provide a boost to the economy […]
Sebi alert on market frauds; warns against fake FPI-linked schemes, asks investors to stick to registered platforms
Market regulator Sebi on Friday cautioned investors about fraudulent trading schemes being circulated on social media and mobile apps that falsely claim to offer stock market access through foreign portfolio investors (FPIs).In a cautionary statement, Sebi said such schemes are illegal and not endorsed by the regulator, PTI reported. It urged investors to be alert […]
Chip policy push: Nvidia in talks with Trump administration on new B30A design for China; security concerns remain, Beijing flags ‘backdoor’ risk
Nvidia chief executive Jensen Huang said the company is holding talks with the Trump administration over a potential new semiconductor for China, even as Washington maintains tight curbs on advanced chip sales citing national security.During a visit to Taiwan to meet Taiwan Semiconductor Manufacturing Corp (TSMC), Nvidia’s key manufacturing partner, Huang was asked about reports […]
AI adoption offsets US tariff impact; corporates boost efficiency and cut costs, HSBC sees long-term operational gains
Widespread adoption of Artificial Intelligence (AI) by US corporates could help offset the financial impact of tariffs, HSBC said in a new report, highlighting how technology is driving efficiency and reshaping business operations.The report analysed 44 S&P 500 companies and found that firms achieved median cost reductions of 1.5 per cent, alongside average productivity gains […]
ADB–Pakistan funding: $410m package approved for Reko Diq; activists raise human rights and environmental concerns
The Asian Development Bank (ADB) on Friday approved a $410 million package for Pakistan’s Reko Diq copper and gold mine, as the country’s rare earth deposit are attracting foreign interests.The financing includes $300 million in loans to Canadian firm Barrick and a $110 million credit guarantee for the provincial government. The open-pit project in Pakistan’s […]
Rare earth magnets crunch eases: Bajaj Auto resumes supplies of e-scooter Chetak; Rajiv Bajaj had earlier warned of zero production month
Bajaj Auto experienced temporary delivery restrictions due to international component availability issues in recent weeks. (AI image) Bajaj Auto announced on Friday the restoration of its Chetak electric scooter deliveries to all dealerships, following the resolution of supply limitations caused by worldwide rare earth magnet shortages.China’s restrictions on rare earth magnets have been affecting India’s […]
Government forms two high-level reform panels: Rajiv Gauba appointed chair; aligned with PM’s Viksit Bharat push
The government has established two high-level committees comprising secretaries, technocrats and economists, with former Cabinet Secretary Rajiv Gauba, a full-time NITI Aayog member, as their chairperson, according to ET sources.Simultaneously, a distinct committee under Cabinet Secretary TVS Swaminathan is addressing deregulation matters at the state level.One of the Gauba-led committees aims to achieve Viksit Bharat […]
India’s Q1 FY26 growth projected at 6.7%; in line with RBI forecast: Poll
India’s economic growth is projected at an average of 6.7 per cent in the first quarter of FY26, according to an Economic Times survey of 14 economists. The estimates, supported by robust government spending, stronger rural demand and a resilient services sector, are in line with the Reserve Bank of India’s forecast of 6.5 per […]
Over 20% of Russia’s war-period crude exports! India bought about Rs 13.39 lakh crore in Russian oil; trails China’s Rs 193 billion
India’s imports surpassed both the EU’s ₹105 billion and Turkiye’s ₹71 billion purchases. (AI image) India has been stepping up its crude oil purchases from Russia since the Ukraine war in 2022 – a fact that has become a fresh irritannt in its ties with the US, with American President Donald Trump imposing an additional […]
Gold price prediction today: What’s the gold rate outlook for August 22, 2025 and where is MCX Gold headed? Why a ‘buy on dips’ strategy makes sense
Gold price prediction: Gold prices on MCX are currently trading around ₹99,300, showing signs of stabilization after recent declines. (AI image) Gold price prediction today: Gold rates have been stabilizing and analysts are eyeing a buy on dips strategy. Here’s the analysis from Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities:Gold prices […]