[ad_1] Goldman Sachs posted a 20% year-on-year jump in net profit for the second quarter of 2025, reaching $3.5 billion, driven by robust gains in its financial advisory business and equities trading division, news agency AFP reported.Total revenue for the quarter rose 15% to $14.6 billion, with the investment banking giant topping analyst expectations. Goldman…
[ad_1] A negotiating team is in Washington for another round of trade deal talks, with both nations working towards finalizing a tariff rate below 20%. (AI image) India-US trade deal: US President Donald Trump has said that America is eyeing market access into India, on the same lines as the one Indonesia has granted it…
[ad_1] Consumer inflation in India is projected to ease to an average of 4% in the current financial year, down from 4.6% in FY25, according to the latest report by Crisil. The rating agency attributed the expected moderation to softer food prices, aided by above-normal monsoon forecasts from the Indian Meteorological Department (IMD), and lower…
[ad_1] US President Donald Trump said on Wednesday that he is not currently planning to remove Federal Reserve Chair Jerome Powell, though he sharply criticised the central bank chief’s performance.“He’s doing a lousy job but no, I’m not talking about that,” Trump told reporters when asked if he was considering Powell’s dismissal, AFP reported. However,…
[ad_1] US stock indices rose on Wednesday after a better-than-expected wholesale inflation report lifted hopes that the Federal Reserve may resume rate cuts later this year.The S&P 500 inched up 0.2% in early trading, nearing its all-time high set last week. The Dow Jones Industrial Average climbed 170 points or 0.4%, and the Nasdaq composite…
[ad_1] NEW DELHI: In a rare move, India has enhanced the flying rights of a Gulf nation when it raised weekly seats to 18,000 per week between India and Kuwait from earlier 12,000 — a raise of 50%. Now airlines of both sides can deploy 18,000 seats per week. The agreement was signed by India’s…
[ad_1] Wholesale inflation in the US showed no increase in June, indicating continued restraint on upstream price pressures despite mounting concerns over President Donald Trump’s sweeping tariffs, according to fresh data from the Labor Department.The producer price index (PPI), which tracks prices before they reach consumers, was flat in June compared to the previous month,…
[ad_1] NEW DELHI: Hospitality major ITC Hotels reported its highest ever quarterly profits and revenue in Q1 FY 2026, despite the travel disruption seen in May following the April 22 terror attack on Pahalgam. The company’s consolidated revenue rose 20% to Rs 860 crore and the profit increased 53% to Rs 134 crore. ITC Hotels’…
[ad_1] Electric car sales in India are projected to cross 7% of total car sales by FY28, provided supply chain disruptions in rare earth elements (REEs) are resolved in a timely manner, according to a report by CareEdge Advisory. The projection is backed by an accelerating pipeline of new model launches, expanding charging infrastructure, and…
[ad_1] NEW DELHI: HDFC Bank, India’s largest private sector lender, announced on Wednesday that its Board will consider issuing bonus shares and declaring a special interim dividend for FY26 during its upcoming meeting on July 19.Originally scheduled to review the bank’s unaudited financial results for the quarter ended June 30, the board meeting will now…