Business

Indian equities may witness an uptrend as easing concerns surrounding the US-Iran conflict improve global risk sentiment. The sharp market recovery suggests that investors are beginning to price in a more favourable geopolitical outcome. While a formal agreement remains pending, the moderation in crude oil prices and appreciation in the rupee to 94.9 against the…

Japan celebrates a goal during the World Cup Group F match against the Netherlands. (AP Photo) A towering late header from Daichi Kamada denied the Netherlands victory and sent the Samurai Blue faithful into delirium as Japan snatched a dramatic 2-2 draw in their FIFA World Cup opener at AT&T Stadium in Texas on Sunday.With…

Deepti Sharma (Pic credit: BCCI Women) NEW DELHI: India’s premier all-rounder Deepti Sharma etched her name in the record books with a sensational five-wicket haul as India outclassed arch-rivals Pakistan by 64 runs in their ICC Women’s T20 World Cup opener at Edgbaston on Sunday.The 28-year-old off-spinner returned career-best figures of 5/10 in four overs…

BENGALURU: Finance minister Nirmala Sitharaman on Sunday said India remained the world’s fastest growing economy and the uncertainty in West Asia, along with India’s import dependence on three major commodities, resulted in the weakening the rupee against the dollar.“Whenever there is a severe fluctuation or volatility in rupee versus dollar, the RBI intervenes in the…

MUMBAI: Tech giants such as SoftBank’s shrinking appetite for India investments, more of smaller startup cheques being written by venture capital (VC) funds or the lack of euphoria in domestic stock markets which has now been overtaken by Taiwan in terms of value for that matter—all are somehow reflective of the fact that India is…

NEW DELHI: With an eye on strengthening the labour market data, the statistics ministry has set up a high-powered experts committee to examine issues linked to the informal sector employment, moonlighting, seasonal migration, and the gig and platform work.The 22-member panel, constituted on June 9, will be headed by Institute for Human Development (IHD) professor…

MUMBAI: Global investment firm KKR has said that central banks globally will start tightening this year and it has expressed caution on long-duration govt bonds, over-levered 2021 vintage deals, lower-income consumer exposure, and assets dependent on a return to the old regime of low inflation, low rates, and abundant liquidity.In its mid-year outlook report ‘The…

SpaceX raised a record-breaking $75 billion through its IPO last week, and two more mega IPOs—OpenAI and Anthropic—are expected soon. Successful closure of all these three offers could mean it’s the global market’s top in the current bull phase, and a major slide could soon follow, one of the world’s leading fund managers has warned.“It…

NEW DELHI: Chief economic advisor (CEA) V Anantha Nageswaran has described the current valuations of AI-related companies as a “bubble”, saying fears about AI-driven job losses may be exaggerated amid intense investor enthusiasm around the technology.Nageswaran said, “The stock market, AI-related stocks and AI-related valuations are definitely a bubble. There is no question about it.”…

Commerce and Industry minister Piyush Goyal on Sunday invited French companies to invest in India’s manufacturing sector, pitching the country as a trusted partner offering scale, talent and innovation opportunities.Speaking at the ‘Bharat Innovates’ event in Nice in the presence of Prime Minister Narendra Modi and French President Emmanuel Macron, Goyal said India can provide…