IMF chief Kristalina Georgieva on Thursday urged central banks to prioritise tackling inflation even at the cost of growth, warning that the global fallout of the US-Israel war on Iran will inevitably bring economic “pain”, PTI reported.“A word of caution upfront: this being a classic negative supply shock, demand adjustment is unavoidable. We cannot go … Read more
The US economy grew at a sluggish 0.5% annual pace in the October–December quarter, lower than earlier estimates, as a prolonged government shutdown weighed on activity, AP reported.The Commerce Department revised down its estimate of fourth-quarter GDP growth from 0.7% to 0.5%, marking a sharp slowdown from 4.4% growth in the July–September period and 3.8% … Read more
US stock markets opened muted on Thursday while crude oil prices surged toward $100 per barrel, as doubts over the durability of the US-Iran ceasefire dampened investor sentiment, AP reported.The S&P 500 slipped 0.1%, while the Dow Jones Industrial Average fell 40 points, or 0.1%, and the Nasdaq Composite declined 0.2% in early trade after … Read more
US inflation rose in line with expectations in February, with further upside risks emerging from the Iran war, a trend that could delay interest rate cuts by the Federal Reserve, Reuters reported.The personal consumption expenditures (PCE) price index –the Fed’s preferred inflation gauge– increased 0.4% in February after a 0.3% rise in January, data from … Read more
Equity benchmark indices closed lower on Thursday, with the Sensex tumbling 931 points after the previous session’s sharp rally, as renewed tensions in West Asia dented ceasefire-led optimism.The truce appeared at risk after Iran again shut the Strait of Hormuz following Israeli strikes in Lebanon, while rising crude prices, weak global cues and continued foreign … Read more
The United States has said it looks forward to hosting an Indian delegation in Washington later this month, indicating renewed momentum in bilateral trade engagement as both sides seek to advance the proposed trade agreement.“Highly Productive meeting with @USTradeRep Ambassador Greer to discuss advancing @POTUS trade priorities in South and Central Asia. The United States … Read more
TCS Q4 FY26 results: Tata Consultancy Services (TCS), India’s largest IT services major, reported a profit after tax (PAT) of Rs 13,718 crore for the fourth quarter of financial year 2025-26. This is a 12% year-on-year rise in net profit.Revenue from operations also rose 10 per cent compared to the previous year, reaching Rs 70,698 … Read more
Gold prices in India showed a mixed trend on Thursday with futures trading marginally higher while retail rates declined in several cities and rose in select markets.On the Multi Commodity Exchange (MCX), gold futures edged up, supported by global cues and steady investor interest. The June contract rose Rs 175 or 0.12% to Rs 1,51,951 … Read more
These new forms for application of PAN are replacing the earlier framework under Rule 114 of the Income-tax Rules, 1962. (AI image) Applying for a PAN Card? The Income Tax Department has introduced four new types of forms for application of Permanent Account Number, and taxpayers should take note of these before applying for a … Read more
India is witnessing a major shift in household cooking fuel consumption, with piped natural gas (PNG) emerging as a rapidly expanding choice across the country. Energy sector officials say adoption has accelerated sharply in recent months, marking a clear transformation in consumer preference.Petroleum and natural gas regulatory board (PNGRB) chairperson Anil Kumar Jain and Indraprastha … Read more