[ad_1] The Indian rupee fell sharply by 84 paise to settle at 85.61 (provisional) against the US dollar on Thursday, as geopolitical tensions between India and Pakistan weighed heavily on the currency.Forex traders noted that investors sought safety in the US dollar due to heightened risk aversion in the domestic markets after Pakistan’s military made…
[ad_1] Operation Sindoor trademark: After the government’s announcement regarding strikes on terrorist facilities in Pakistan and Pakistan-occupied Jammu and Kashmir, four separate entities have submitted applications to the trademark registry for registering ‘Operation Sindoor‘.The applicants are Reliance Industries Ltd (RIL) and three private individuals – Mukesh Chetram Agrawal, Retired Group Captain Kamal Singh Oberh, and…
[ad_1] S&P expressed confidence in India’s continued robust economic growth. (AI image) S&P Global Ratings on Thursday said that the ongoing conflict between India and Pakistan poses increased risks to both nations’ credit metrics, with potential sovereign credit support deterioration if tensions escalate. While maintaining India’s rating at ‘BBB-‘ with a positive outlook and Pakistan’s…
[ad_1] US President Donald Trump is expected to announce a “major” trade deal with a “big, and highly respected country” today in what he described as the “first of many” agreements to come.Though the country has not been officially revealed, many US media houses like New York Times and Politico are speculating the deal to…
[ad_1] Shares of Chinese defence manufacturing companies rallied on Wednesday, as the escalation in tensions between India and Pakistan boosted the outlook for exporters. Pakistan, which has imported a bulk of the defence equipment, claimed to have shot down Indian jets. This led to speculation that Chinese platforms may have been deployed in the conflict….
[ad_1] Shares of Alphabet Inc., the parent company of Google, plunged more than 5% on Wednesday following revelations from a federal antitrust trial and developments tied to cybersecurity and energy infrastructure.As of 12:17 p.m., Alphabet Inc.’s Class C stock was trading at $151.41, marking a sharp decline of $13.79 or 8.35% for the day. At…
[ad_1] Aerospace companies are bracing for a potential escalation in trade tensions as the European Union prepares to target Boeing jets with retaliatory tariffs in response to existing US import duties on European goods, including Airbus aircraft, according to industry sources.The anticipated measures, expected to be announced Thursday by the European Commission, come as part…
[ad_1] US Federal Reserve Chair Jerome Powell (AP Photo) The US Federal Reserve, led by chair Jerome Powell, kept benchmark rate unchanged in 4.25-4.5% target range at the FOMCmeet on Wednesday. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook…
[ad_1] Earlier this year, Reliance Jio and Airtel sealed deals to distribute Starlink’s satellite internet services. (AI image) Elon Musk-led Starlink has been issued a Letter of Intent by the Indian government for satcom services. SpaceX, established in 2002 by Elon Musk, the world’s wealthiest individual, has created Starlink, a satellite-based internet service. This American…
[ad_1] NEW DELHI: Business-to-business ride services company Routematic has raised $40 million in a funding round led by venture capital firm Fullerton Carbon Action Fund and Shift4Good, senior company officials said on Wednesday.The company plans to use the fund to strengthen its business matrix and expedite its journey towards public listing, Founder and CEO Sriram…
