Mumbai: The rupee ended Thursday at 91.96 to the dollar, down 18 paise from its previous close of 91.78, after slipping to a record low near the 92 level before recovering marginally on dollar sales by public sector banks on behalf of RBI. The dollar index edged up about 0.12% to around 96.27, adding to…
London: Brent oil futures prices jumped on Thursday, hitting a near six-month high on rising concerns about a possible US military attack on Iran, Opec‘s fourth-largest producer with output of 3.2 million barrels per day.“The immediate concern … is the collateral damage done if Iran takes a swing at its neighbours or possibly even more…
Govt may consider reducing its stakes in PSUs from the currently mandatory 51% to 26% and yet keep effective control of management of the company, says the Survey. This could be done through an amendment to the Companies Act, which stipulates that to mark a company as a ‘govt company’, govt must have a 51%…
Make Up 50% Of Rural Monthly Consumption New Delhi: Unconditional cash transfers (UCT) by state govts now account for nearly half of the monthly per capita consumption expenditure among the rural population, raising concerns about fiscal sustainability and medium-term growth, especially when there is no complementary investment skilling and human capital, Economic Survey said.It said…
The Economic Survey has cautioned that India’s entry into the artificial intelligence era comes with “looming uncertainties” and structural asymmetries that could reshape labour markets and pose fundamental questions for the future of the Indian IT sector, even as the country seeks to harness AI-driven productivity gains.The Survey flagged the growing concentration of market power…
Microsoft led a pullback on Wall Street on Thursday, with US stocks retreating from record levels after the tech heavyweight logged its steepest single-day fall in years, weighing on broader market sentiment. While gold prices also reversed sharply after a blistering run, reflecting a broader cooling of risk appetite across global markets.Microsoft sank 12.3% despite…
World Bank Group President Ajay Banga (Photo-AP) India should “think less” about tariffs and focus more on opportunities to expand trade, World Bank Group President Ajay Banga said on Thursday, as geopolitical tensions continue to cloud the global trade outlook.Interacting with media during a visit to the Central Tool Room and Training Centre (CTTC) in…
The rupee settled at its all-time closing low of 91.99 against the US dollar on Wednesday, weighed down by persistent foreign fund selling and risk-off sentiment in global markets, even as softer crude prices and a weaker dollar offered limited relief, PTI reported. At the interbank foreign exchange, the domestic unit opened at 91.95 and…
The intent around the proposed Pesticides Management Bill, 2025 marks a significant move as it aims to align India’s regulatory framework with contemporary realities. (AI image) By Susheel KumarIndian agriculture stands at an important inflection point. On the one hand, the country speaks with confidence of becoming a global food powerhouse, a trusted supplier to…
The US government is set to roll out “Trump Accounts”, a new tax-advantaged investment programme aimed at boosting long-term savings for children, with more than 500,000 families already signed up ahead of its launch this summer, according to a Reuters report.Under the scheme, the US Treasury will deposit $1,000 as seed money into investment accounts…
