CHENNAI: Before any election, Congress starts its seat-share talks with a precondition: the Sriperumbudur seat should be for the party. “That’s where the temple of our leader is,” said Tamil Nadu Congress Committee chief K Selvaperunthagai, referring to the memorial of late PM Rajiv Gandhi.He won the seat in 2021; now he is seeking reelection….
The U.S. Department of the Treasury is opening its cybersecurity information sharing to crypto businesses to help them ward off attacks as the industry becomes an increasingly important arm of the financial system, according to a Thursday statement. Eligible crypto firms and organizations — a status not yet clearly defined in the announcement — can…
PUNE/MUMBAI: Just an hour was left for withdrawal of nominations on Thursday when the Congress finally responded to requests from the Pawar family and the Mahayuti partners and dropped its candidate against NCP chief and deputy chief minister Sunetra Pawar in the Baramati bye-election. Twenty-two independent candidates still remain in the contest, but now there…
NEW DELHI: India is well placed to weather the current global energy shocks as risks are “cushioned by ample buffers” including high forex reserves, fiscal space and a well-capitalised banking system, World Bank said Thursday, while projecting average growth of 7.1% during FY28-FY29. The assessment comes a day after the multilateral lender raised its FY27…
NEW DELHI: After a gap of nearly two months, India and the US will hold talks on trade issues, with a team led by chief negotiator due to visit Washington soon. While dates are being finalised, US ambassador to India Sergio Gor said: “The US and India have previously agreed to a trade deal, and…
MUMBAI: With the US-Iran ceasefire in West Asia looking fragile, sensex gave up part of Wednesday’s gains to close 931 points lower at 76,632 points on Thursday as foreign funds continued to lead the selloff. Investors around the world were skeptical about the continuation of the truce that was announced on Tuesday as Israel, a…
MUMBAI: Sensex could hit 95,000 points by Dec according to a Morgan Stanley report. They are banking on a handful of tailwinds, which they believe, are set to support a strong bull rally in Indian stocks. The sensex target level has a 50% chance while there’s a 20% probability that it could run past the…
Crypto prices and U.S. stocks rallied Thursday on diminishing Middle East worries, but Circle (CRCL), Bullish (BLSH) and Coinbase (COIN) all posted sizable declines. Circle tumbled 9.9% to $85.10 after Compass Point downgraded the stock to Sell from Neutral and cut its price target by $2 to $77. The brokerage said USDC has held up…
NEW DELHI: Indian exporters on Thursday flagged their concern over the charges being levied by shipping lines as well as gaps in the ECGC scheme announced by commerce department, while seeking measures to address concerns related to packaging material, which is in short supply. At a meeting on the West Asia crisis with commerce secretary…
BENGALURU: TCS remains optimistic about growth despite a muted FY26 performance, citing strong AI-led momentum and a steady deal pipeline. The company reported a 2.4% decline in constant-currency revenue-which excludes the impact of exchange rate fluctuations-while in dollar terms, revenue fell 0.5% to $30 billion. However, operating margin rose 70 basis points to 25%, a…
