Stock market outlook: The markets this week were driven by macroeconomic pressures and mixed global cues. Domestically, the rupee slid to a fresh record low of 90.56 against the US dollar, dampening risk sentiment. However, some relief came after the US Federal Reserve announced a 25-basis-point rate cut, while optimism over progress in India–US trade…
Michael Saylor’s pitch to integrate Bitcoin reserves into regulated banking Michael Saylor, executive chair of Strategy, has suggested that national governments consider developing a novel type of financial system: regulated digital banking platforms backed by Bitcoin reserves and tokenized credit tools. These comments, shared during Saylor’s keynote at the Bitcoin MENA conference in Abu Dhabi,…
NEW DELHI: Aam Aadmi Party (AAP) Delhi unit President Saurabh Bharadwaj on Sunday criticised chief minister Rekha Gupta over the worsening air quality in the national capital, stating that she is unaware of the Air Quality Index (AQI) and its parameters, adding that she must leave the pollution problem for the experts to deal with.Speaking…
As the new year approaches, a clear theme is emerging on Wall Street, the technology giants that powered the bull market may no longer dominate market gains.Strategists at firms such as Bank of America and Morgan Stanley are advising clients to look beyond the so-called Magnificent Seven, a group that includes Nvidia and Amazon and…
India has intensified efforts to aid Sri Lanka following Cyclone Ditwah, providing engineering, medical, and humanitarian support to restore connectivity and assist affected communities. The Indian Army’s Engineer Task Force is working closely with the Sri Lankan Army and the Road Development Authority to repair and rebuild damaged infrastructure.The preparation for the Chilaw and Kilinochchi…
The U.S. Senate negotiations over a crypto market structure bill — the industry’s top goal in its policy lobbying — hasn’t yet resolved several disagreements as the talks drift toward the holiday break, suggesting real progress may not happen before January. Legislative text has been circulating privately among industry insiders, and executives took a look…
BJP on Sunday stepped up its attack on West Bengal chief minister Mamata Banerjee over the chaos and vandalism at Kolkata’s Salt Lake Stadium following Argentine football star Lionel Messi’s appearance, accusing the state government of gross mismanagement and demanding accountability.Speaking to IANS, BJP leader Dilip Ghosh said chief minister Mamata Banerjee must take responsibility…
Steel Authority of India Limited (SAIL) posted strong growth in sales during April–November 2025, the Ministry of Steel said in a release on Saturday, pointing to steady domestic demand despite global challenges.November 2025 stood out, with SAIL’s total sales rising 27% compared with the same month last year. “Steel Authority of India Limited (SAIL) delivered…
Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper reaches of the world’s…
The Bank of Japan (BoJ) is expected to raise interest rates for the first time since January, increasing the policy rate by 25 basis points to 0.75% from 0.50%, according to Nikkei. The decision, which is expected on Dec. 19, would take Japanese interest rates to their highest level in roughly 30 years. The broader…
