Check out some of the companies making the biggest moves midday: Intel – The chipmaker climbed more than 11%, boosted by a report from DigiTimes saying Nvidia will shift chip production from Taiwan Semiconductor Manufacturing to Intel in 2028. Taiwan Semi added 1%. ASML — U.S.-listed shares of the semiconductor equipment maker fell more than…
Dalal Street might be headed for its worst beginning in a decade and now all eyes are on what the government will announce in the upcoming Budget. With equities, the rupee and bonds all under strain, more and more investors are looking to the Union Budget 2026 for measures that could restore confidence and boost…
The weaker dollar is failing to spur bitcoin’s BTC$87,798.68 usual rally, and J.P. Morgan Private Bank explains the unexpected behavior as a window into the nature of the U.S. currency’s decline. The Dollar Index (DXY), which measures the greenback against a basket of peers, has dropped 10% in the past year. Bitcoin, which historically gains…
NEW DELHI: The Supreme Court on Thursday put on hold the University Grants Commission’s (UGC) Promotion of Equity in Higher Education Institutions Regulations, 2026, restoring the older 2012 framework for the time being. The court said the new rules suffer from vagueness, particularly in how caste-based discrimination is defined, and warned they could be misused.With…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in December. Text removed from the December statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements….
India’s ongoing trade talks with the United States may finally reach the finish line this year, the Economic Survey 2026 has suggested. The Economic Survey, presented in Parliament by finance minister Nirmala Sitharaman on Thursday, said the development would help in bringing down uncertainty on the external front.“At the same time, ongoing trade negotiations with…
The Central Bank of the United Arab Emirates (CBUAE) has approved the country’s first USD-backed stablecoin under the bank’s Payment Token Services Regulation (PTSR), according to a press release on Thursday. The issuance and management of the USDU token are handled by Universal Digital, which is regulated by the Financial Services Regulatory Authority (FSRA) of…
Kerala finance minister K N Balagopal on Thursday presented a people-focused budget for 2026–27, announcing major allocations for social security, employee welfare and development projects, as the state heads towards the upcoming Assembly elections.Presenting the sixth budget of the second Pinarayi Vijayan-led government in the Legislative Assembly, Balagopal announced a Rs 14,500 crore boost aimed…
DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects the Federal Reserve to stay on hold for the remainder of Jerome Powell‘s term as chair with a more balanced outlook for the economy. “I think I would bet pretty heavily that there’s not another rate cut under Jay Powell,” Gundlach said on CNBC’s “Closing Bell.”…
IndiGo CEO says December disruptions lasted only ‘three days’ NEW DELHI: After lakhs of IndiGo passengers were left stranded in December, CEO Pieter Elbers, in a first press interaction after the flight disruption last month, said that the airline failed its customers ‘for three days’.When the media pointed out that the disruptions went on for…
