Federal Reserve Board Chairman Kevin Warsh speaks on inflation Federal Reserve chairman Kevin Warsh warned inflation isn’t meaningfully slowing and said policymakers must be confident that it is, otherwise the central bank has “work to do.” In a sweeping speech, his first since becoming chairman of the central bank in May, Warsh reiterated that policymakers…
Sensex, Nifty rebound on IT stock rally; Sensex climbs 331 points to 77,265, Nifty gains 85 points to 24,176. MUMBAI: Benchmark equity indices sensex and Nifty rebounded on Friday after two days of losses and ended higher, tracking buying in blue-chip IT stocks and a rally in global markets. The 30-share BSE sensex climbed 331…
Representative AI -generated image BENGALURU: Ford Business Solutions (FBS) plans to hire around 500 people in India in 2027, mainly in technology and data roles, as the automaker builds specialised capabilities in areas such as AI and connected vehicles while taking a more calibrated approach to overall workforce growth. The India global capability centre (GCC),…
Industrial production grows 6.7% in July, driven by manufacturing and electricity, cooling from June’s 8.8%. NEW DELHI: Industrial production grew 6.7% in July as compared to 5.4% expansion a year ago as the manufacturing and electricity sector saw robust growth, the index of industrial production (IIP) data released Friday showed.Sequentially, the industrial production cooled from…
India Inc sales growth accelerates to 19.4 per cent in Q1 FY27, manufacturing leads recovery: RBI MUMBAI: The country’s foreign exchange reserves rose by $12.4 billion in the week ended Aug 21, to an all-time high of $729.3 billion, driven largely by non-resident deposits drawn through a special scheme under which RBI took over the…
Reliance Industries has denied allegations made by Essel Group chairman Subhash Chandra. Chandra claimed Ambani’s media group conducted a witch hunt against him. He also alleged associates manipulated Zee’s share price and used shell entities. Chandra further stated Ambani sought to acquire Zee in collusion with an investor. Lenders are now challenging a tribunal-approved settlement…
Payment Bill rekindles MDR hopes for large-value UPI MUMBAI: India’s digital merchant payments market grew 19.6% year-on-year to Rs 11.7 lakh crore in July, but the more consequential change was in how that money moved: UPI’s share of person-to-merchant transactions reached a record 77.3%, while credit and debit cards continued to lose ground.According to a…
Belgium beat India (AP Photo) India’s spirited fightback ended in heartbreak as Belgium prevailed in a tense penalty shootout after the two sides played out a thrilling 3-3 draw in regulation time. India had made the brighter start and took the lead through Abhishek, whose sixth-minute field goal gave the hosts a 1-0 advantage. Belgium…
Belgium beat India (AP Photo) India’s spirited fightback ended in heartbreak as Belgium prevailed in a tense penalty shootout after the two sides played out a thrilling 3-3 draw in regulation time. India had made the brighter start and took the lead through Abhishek, whose sixth-minute field goal gave the hosts a 1-0 advantage. Belgium…
Hockey India president Tirkey, PR Sreejesh hail women’s team for 5th place finish in World Cup (ANI Image) NEW DELHI: Hockey India has announced a Rs 50 lakh cash reward for the Indian women’s hockey team after their impressive fifth-place finish at the FIH Hockey Women’s World Cup 2026 in Amstelveen. The reward comes after…