Asian markets traded higher on Thursday after the US Federal Reserve delivered its third consecutive interest rate cut, although gains were capped as policymakers hinted they could slow the pace of future reductions.The latest quarter-point cut, bringing borrowing costs to their lowest level in three years, had already been widely expected. Investors, however, drew comfort…
The US Federal Reserve is expected to cut interest rates on Wednesday as policymakers grapple with gaps in economic data caused by the recent govt shutdown and work through competing views about the risks facing the economy. The anticipated quarter percentage point cut may come with a non-committal approach to next year’s rate path given…
MUMBAI: The Rs 25,000-crore rights offer for Adani Enterprises, the flagship of the Adani Group, closed with 108% subscription with the public portion subscribed 130%. The promoters of the company who hold 74% in the company had said that they would participate in the rights offer to subscribe to their full quota. The public portion…
BENGALURU: TCS signed a definitive agreement to acquire US-based Salesforce consulting firm Coastal Cloud in an all-cash deal valued at $700 million. Founded in 2012, Coastal Cloud brings AI-led advisory and business consulting capabilities to help clients reimagine sales, service, marketing, revenue, and commerce. With the acquisitions of ListEngage and now Coastal Cloud, TCS said…
IndiGo’s chairman, Vikram Singh Mehta, apologized for recent flight disruptions, denying they were deliberate. He stated external experts will identify root causes to prevent future chaos. Mehta clarified that the airline followed new pilot rest rules and did not compromise safety. A combination of internal and external factors, not intentional actions, pushed systems beyond limits,…
US President Donald Trump (PTI photo) US President Donald Trump on Wednesday unveiled what he called the “Trump Gold Card,” announcing that people will be able to apply for Gold Card citizenship starting Wednesday afternoon. In a post on Truth Social, Trump promoted the new immigration pathway, saying, “THE UNITED STATES GOVERNMENT’S TRUMP GOLD CARD…
India-US trade deal: India should be highly cautious about lowering duties for USagricultural or genetically modified products and must press the Trump administration to sharply reduce its steep tariffs, the Global Trade Research Initiative (GTRI) said on Wednesday.The think tank also advised New Delhi to wait for the US Supreme Court’s ruling on President Donald…
US Fed chair Jerome Powell (File photo by AP) The US Federal Reserve’s Federal Open Market Committee (FOMC), led by Fed Chair Jerome Powell on Wednesday cut the key rate by 25 basis points. The rate now stands between 3.5 percent and 3.75 percent, the lowest level in nearly three years. “In support of its…
In a major move towards greener transportation, Indian Railways has completed the manufacturing of its first hydrogen-powered train on a pilot basis, following specifications laid out by the Research, Design & Standards Organisation (RDSO).“This project involved designing from first stages, prototype manufacturing and first-time development of hydrogen traction technology in Indian Railways,” said Union minister…
Industry leaders in the electronics sector have urged the Indian government to allow joint venture proposals with Chinese companies under the automatic route, while limiting their equity share to a maximum of 26%, sources said.Documents reviewed by ET show that multiple industry associations, including the Confederation of Indian Industry (CII) and the India Electronics &…
