US stocks were largely directionless on Thursday, trading close to record highs as investors sifted through mixed earnings from some of Wall Street’s most influential companies, while gold surged further in an extraordinary safe-haven rally.The S&P 500 edged up by less than 0.1% and hovered near its all-time high set earlier this week. The Dow…
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…
The government has notified coking coal as a critical and strategic mineral, a step aimed at reducing India’s heavy dependence on imports and strengthening the domestic steel supply chain, according to an official statement.The move is expected to facilitate faster approvals, improve ease of doing business and accelerate exploration and mining activities, including the development…
Union Budget 2026 is being pitched around growth, skills and competitiveness, but school education still gets judged by access—more classrooms, more enrolment. Education leaders argue the real test now is outcomes. Shiv Nadar School CEO Arti Dawar says sustained investment in teacher development, modern pedagogy, industry exposure and equitable tech access is essential to turn…
India is set to remain the world’s fastest-growing major economy, with real GDP growth projected at 7.4% in FY26, even as the global environment remains fragile due to geopolitical tensions, trade fragmentation and financial vulnerabilities, the Economic Survey 2025–26 said on Wednesday.Tabled in Parliament by Union finance minister Nirmala Sitharaman, the survey said India’s macroeconomic…