Business
(Bloomberg) — Hong Kong’s de facto central bank bought the local dollar to prop it up on Thursday, in a move to defend the city’s currency peg to the greenback. The Hong Kong Monetary Authority purchased HK$9.42 billion ($1.2 billion) of local currency against the US dollar, after the exchange rate touched the weak end…
NEW DELHI: The Union Cabinet on Wednesday passed a resolution condemning 50 years of the imposition of the Emergency by former Prime Minister Indira Gandhi.In a media briefing, Union minister Ashwini Vaishnaw said the cabinet, at a meeting chaired by Prime Minister Narendra Modi, observed a two-minute silence as a tribute to the victims of…
On the day its Ax-4 mission put India’s Group Captain Shubhanshu Shukla in space, Houston-based Axiom Space announced a partnership with Indian space startup Skyroot Aerospace to jointly expand access to low-Earth orbit. Axiom signed a Memorandum of Understanding (MoU) with Skyroot, opening the door for deeper collaboration between the two private space firms. The…
(Writes throughout with auction results, analyst quote, context) NEW YORK, June 25 (Reuters) – Yields on benchmark U.S. Treasuries were slightly lower on Wednesday afternoon, as oil prices rose and markets assessed the timing of potential interest rate cuts. Yields on the longer-term Treasuries rose during the day, but receded in afternoon trading. The U.S….
MORADABAD: A young girl named Vashi, who had attended Uttar Pradesh chief minister Yogi Adityanath‘s ‘Janta Darshan’ in Lucknow to seek his help for school admission, has now been enrolled. Grateful that her wish was fulfilled, Vashi thanked the chief minister.While interacting with the press, she said. “I asked him to enrol me in a…
The agenda for the Goods and Services Tax (GST) Council at its next meeting will include deliberations on minimising the 12% tax slab and also finalising the tax treatment on service intermediaries, which could provide the sector relief worth thousands of crores, according to informed sources. Further, while the meeting was initially supposed to be…
Seoul: Hyundai Motor, Jaguar Landrover Korea and two other companies will voluntarily recall more than 14,000 vehicles to address faulty components, the transport ministry said on Wednesday. The four companies, including trading firm GS Global Corp. and GM Asia-Pacific Regional Headquarters, the South Korean subsidiary of General Motors Co., are recalling a combined 14,708 units…
LUDHIANA: After the sensational Meerut drum murder case, the dead body of an unidentified man was found stuffed in a blue drum in Ludhiana’s Sherpur area on Wednesday. The limbs of man were tied up with a piece of rope. Thereafter, he was wrapped in a bedsheet and then in a plastic gunny bag, which…
NEW YORK -Oil prices rose nearly 1% on Wednesday, recovering from a sharp slide early this week, as data showed relatively strong U.S. demand, and as investors assessed the stability of a ceasefire between Iran and Israel. Brent crude futures settled 54 cents higher, or 0.8%, at $67.68 a barrel, while U.S. West Texas Intermediate…
NEW DELHI: Congress on Wednesday launched a scathing attack on Prime Minister Narendra Modi after US President Donald Trump, yet again, claimed that he stopped the war between India and Pakistan using trade as leverage.Congress leader Pawan Khera said that PM Modi will undermine India’s interests for a little praise.“From China to the US, the…
New Delhi: The Public Provident Fund (PPF) rate may go below 7 percent, a Times of India report has said. The 10-year government bond yield has averaged 6.30 percent since the start of the April-June 2025 quarter. The Gopinath Committee formula for small savings schemes pegs the PPF rate 25 basis points above the average…
HYDERABAD: On a day Axiom-4 (Ax-4) mission finally launched, carrying Group Captain Shubhanshu Shukla and three other astronauts to space, Hyderabad-based Skyroot Aerospace and US-based Axiom Space said they have signed a memorandum of understanding (MoU) to collaborate on advancing space exploration, particularly enhancing access to low earth orbit (LEO).Axiom Space will explore utilising Skyroot’s…
US stock indices were mixed on Wednesday amidfragile ceasefirebetween Israel and Iran, and investors awaited more comments from Federal Reserve Chair Jerome Powell. At 10:15 AM ET, the Dow Jones Industrial Average fell 45.39 points, or 0.11%, to 43,043.63, the S&P 500 gained 6.94 points, or 0.11%, to 6,099.12 and the Nasdaq Composite gained 72.26…
NEW DELHI/CHANDIGARH: Punjab Governor Gulab Chand Kataria has got a youth from Uttaralhand rescued from a cowshed in Punjab following an intervention by BJP MP Anil Baluni who said the person was kept like a bonded labourer for over 15 years.The youth was allegedly forced to work at a cowshed in Dinewal village of Punjab’s…
Mumbai: Indian stock markets extended their gains for the second straight day on Wednesday, supported by strong buying in media and technology shares. Investors were relieved after crude oil prices dropped and tensions between Iran and Israel eased following a ceasefire. The Sensex closed 700.4 points higher at 82,755.51, gaining 0.85 per cent. The Nifty…
NEW DELHI: At least two people have died and around 20 are feared swept away after a series of cloudbursts, flash floods, and heavy rain battered parts of Himachal Pradesh on Wednesday, triggering widespread destruction across Kangra and Kullu districts.Rescue teams recovered two bodies from the Manuni Khad stream in Kangra district, where floodwaters inundated…
