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US stocks opened higher on Friday, extending their record-setting rally as strong earnings and growing optimism around artificial intelligence outweighed concerns about inflation and the economic impact of the conflict involving Iran.The S&P 500 rose 0.4 per cent in morning trade, building on six consecutive gains and putting the benchmark index on track for a…
The finance ministry on Friday asked public sector banks (PSBs) to adopt prudent expenditure and austerity measures at all levels while maintaining resilience amid evolving global uncertainties, even as it reviewed their record financial performance in FY26, PTI reported.Financial Services Secretary M Nagaraju, while chairing a meeting to review the financial performance of PSBs, advised…
New Delhi: More than 40 lakh households now benefit from rooftop solar systems under PM Surya Ghar Yojana, contributing to the nation’s clean energy transition, against a target of having one crore homes covered by March next year.Launched in Feb 2024, the scheme aims to bring rooftop solar to one crore Indian homes by March…
Rajesh Kumar Singh and Samir Kamat NEW DELHI: Defence secretary Rajesh Kumar Singh has been given additional charge of the posts of secretary, Department of Defence Research and Development, and chairman of the Defence Research and Development Organisation (DRDO) as the current DRDO chief Samir V Kamat is retiring.Singh will take over the additional responsibilities…
Indian equity benchmarks witnessed sharp selling pressure on Friday, with the Sensex plunging more than 1,000 points and investors losing nearly Rs 5 lakh crore in market value, as concerns over a weak monsoon, uncertainty around a US-Iran peace deal and continued foreign investor selling weighed on sentiment. The Sensex closed 1,092 points lower at…
As global trading trends race toward 24-hour, no-days-off markets, the U.S. Commodity Futures Trading Commission argued that it may be fine for the new blockchain-native players, but that expanded hours might not be appropriate for some of the traditional markets, the derivatives watchdog said in a Friday letter issued to the wide waterfront of firms…
NEW DELHI: Tata Motors is witnessing a surge in electric vehicle demand as rising fuel prices and inflation concerns push more consumers towards lower running-cost mobility options, particularly in the affordable passenger vehicle segment.“There is a sharp jump in just two months; it is about 2 to 2.5 times what it used to be for…
