[ad_1] Nvidia agreed to invest $5 billion in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to help prop up an ailing archrival that sent Intel shares soaring.Nvidia will buy Intel common stock at $23 per share, the two companies said on Thursday. Intel will use Nvidia’s…
[ad_1] NEW DELHI: Stock market regulator Sebi on Thursday dismissed allegations of stock manipulation against Gautam Adani and Adani group companies by US based short seller Hindenburg Research and said there was no evidence of the group using related parties to route funds to listed companies. In two orders posted on its website, the Securities…
[ad_1] MUMBAI: Adani Group chairman Gautam Adani welcomed Sebi’s decision dismissing the allegations made by the US-based short seller Hindenburg Research. He also expressed sympathy for investors affected by the Jan 2023 Hindenburg report and called for an apology from those “spreading misleading narratives”. The infra tycoon, through a post on X, said: “After an…
[ad_1] BENGALURU: The govt is not reviving anti-profiteering provisions under Section 171 of the GST law, even as it implements one of the largest rounds of tax rate cuts since GST’s rollout in 2017. K Balasubramanian, joint secretary in the ministry of finance, said the Centre is relying on market competition and industry cooperation to…
[ad_1] Leading FMCG makers Procter & Gamble, Emami and Hindustan Unilever Ltd (HUL) on Thursday announced sweeping price cuts across a wide range of products — from soaps and shampoos to toothpaste, coffee and baby diapers — to pass on the Goods and Services Tax (GST) rate cut benefits to consumers. The new price lists…
[ad_1] The average rate on a 30-year US mortgage fell again this week, reaching 6.26%, marking the lowest level since early October, amid a decline in long-term Treasury yields and the Federal Reserve’s first rate cut of 2025, mortgage buyer Freddie Mac said Thursday. Last week, the rate was 6.35%, and a year ago it…
[ad_1] Net direct tax collection climbed 9.18 per cent to over Rs 10.82 lakh crore till September 17 in the current fiscal, driven by higher advance tax payments from corporates and slower issuance of refunds, the government said. Refunds issued during the period dropped 24 per cent to Rs 1.61 lakh crore, PTI reported.Corporate advance…
[ad_1] Emphasising the role of fiscal discipline in fostering economic growth and prosperity, RBI Governor Sanjay Malhotra on Thursday urged states to focus on the quality of expenditure and exercise prudence in off-budget borrowings.Speaking at the 35th Conference of State Finance Secretaries, themed ‘Journey towards Economic Prosperity through the Path of Fiscal Consolidation’, Malhotra highlighted…
[ad_1] Eternal Ltd, the parent company of Zomato and Blinkit, saw its market valuation soar to Rs 3.26 lakh crore on Thursday, vaulting past Hindustan Aeronautics, Titan, Avenue Supermarts and Adani Ports in the top 100 market capitalisation rankings.The company’s shares rose 2.96 per cent to close at Rs 337.90 on the BSE, touching a…
[ad_1] Federal Reserve policy adjustments influence consumer costs for various financial products. (AI image) How does the US Federal Reserve’s decision to cut the benchmark rate by 25 basis points to the 4-4.25% range impact the lives of common people in America? The Federal Reserve establishes the federal funds rate, which governs inter-bank lending practices….