NEW DELHI: India and the US made positive progress during three-day trade talks in Washington this week, with both sides agreeing to remain engaged to sustain the momentum going forward, govt said on Friday.About a dozen officers from India were in Washington during April 20-22 to hold discussions with the US authorities on finalising the […]
Sensex slides 1k points on oil surge, Rupee fall
MUMBAI: Rising oil prices weighed on investor sentiment on Dalal Street for the third consecutive session that pulled sensex down by 1,000 points (1.3%) on Friday to close at 76,664 points. Foreign funds continued to sell aggressively, leading to a 2,609-point fall in the sensex in the last three sessions. The weakness of the rupee […]
Intel: Intel soars 24% on signs of AI boom for CPUs
Demand for Intel’s central processors from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off, a remarkable turnaround that sent the company’s shares soaring on Friday.The stock surged more than 24% to $83 in early trading, surpassing its dot-com era peak in 2000 […]
‘There’s no oil coming out’: US rules out extension of Iranian and Russian oil waivers
United States treasury secretary Scott Bessent on Friday said that America is not planning to renew a waiver allowing the purchase of Russian oil currently at sea.While talking to news agency Associated Press, Bessent also added that another waiver for Iranian oil at sea is “totally off the table.”“Not the Iranians. We have the blockade, […]
28% of mobiles in India made by domestic cos
NEW DELHI: At least one in four smartphones manufactured in India is now produced by domestic contract manufacturers, signalling a quiet but significant shift in the country’s electronics ecosystem.The rise has been led by Dixon Technologies and Bhagwati Products, with Dixon emerging as the country’s largest device maker, overtaking Samsung Electronics in overall production volumes […]
Stock Market Today Highlights: Nifty50 closes below 24,000, Sensex down 983 points as crude oil prices rise; US-Iran impasse continues
The sharp rise in global crude prices following the US-Iran conflict has sparked a surge in retail participation in India’s oil derivatives market, leading to a substantial increase in futures and options trading on domestic exchanges. Trading volumes in crude oil futures on the Multi Commodity Exchange of India rose dramatically in March. Average daily […]
The global toll map: Why moving goods across borders comes at uneven costs
This image is used for representation purpose only (AI-generated) Amid Iran’s move to control traffic passing through the Strait of Hormuz, the world’s most critical maritime chokepoint has become a litmus test for how far states can go in monetising global trade routes.Indonesia’s recent attempt — floated in late April 2026 by its finance minister […]
Is El Nino a bigger threat to India’s high GDP, low inflation balance than the Middle East crisis? Explained
If a weaker monsoon impacts the output of crops, then higher food prices will feed quickly into inflation, a risk that is too real to be ignored. (AI image) India, backed by its strong domestic growth story, is the world’s fastest growing major economy. Which is not to say it is without its vulnerabilities. The […]
US stocks today: Wall Street trades mostly in green; Nasdaq up 1% lifted by Intel, Dow slumps over 180 points
Wall Street traded mostly in green on Friday, lifted by strong results from Intel and growing hopes of possible talks between the United States and Iran over the weekend. Around 8:35 pm IST, Nasdaq was up 1% or 248 points to 24,686. S&P 500 was up 29 points or 0.41% to trade at 7,137. Dow […]
Intel bags big gains! Chipmaker’s shares jump 26% on blockbuster results; how Trump admin benefits
Intel share price soared sharply on Friday after the chipmaker delivered a first-quarter performance that exceeded market expectations. And the win was not just for the chipmaker, but also the whole of US!The stock climbed 26.7% during trading on Friday, marking what could be its strongest single-day gain since 1987. Momentum continued after the closing […]