Asian markets are mostly down on Friday as concerns about AI investments grow. Tech stocks took a hit, while gold and silver prices dropped from their record highs. Oil prices also fell as tensions between the US and Iran showed signs of easing. The market’s ups and downs this week were influenced by various factors,…
NEW DELHI: Lower weightage of food and beverages in new consumer price inflation (CPI) series may make overall inflation less volatile, leading to monetary policy response to be more focused on aggregate demand pressure, rather than dealing with supply-induced inflation, chief economic advisor (CEA) V Anantha Nageswaran said Thursday. This will help calibrating monetary and…
Hong Kong is doubling down on its role as China’s financial bridge, signing a new agreement with Shanghai authorities to build cross-border blockchain rails for cargo trade and trade finance. The memorandum of understanding between the Hong Kong Monetary Authority, the Shanghai Data Bureau, and the National Technology Innovation Center for Blockchain, announced Monday afternoon…
The International Monetary Fund’s (IMF) December 2025 report warns that USD-pegged stablecoins could spark currency substitution and capital outflows in vulnerable emerging markets (EMS), undermining local currencies. Experts, however, said that the stablecoin market is yet to grow big enough to have a real systemic impact. The December report titled “Understanding Stablecoins” delves into stablecoin…
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Veteran journalist Mark Tully, a chronicler of India and an acclaimed author, breathed his last at a private hospital here on Sunday, his close friend said. He was 90. The award-winning journalist was ailing for some time and had been admitted to the Max Hospital in Saket for the past week. “He (Tully) was admitted…
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NEW DELHI: The Congress party on Monday expelled former MLA Mohammed Moquim from the party days after he wrote to Sonia Gandhi urging the removal of party president Mallikarjun Kharge on the grounds that “age is not on his side.” Congress cited “anti-party activities” as the reason behind his expulsion, however, it refrained from specifying…
India and the United States have agreed on a framework for a bilateral trade deal under which Washington will reduce tariffs on Indian goods to 18% from the current 50%.The announcement is significant as the US had imposed steep duties on Indian exports entering American markets, effective August 27, 2025. ‘India-US Trade Deal Removes Competitive…
HYDERABAD: Dell EMC, a leading provider of IT storage solutions and Pi Datacenters, a green field data centre and an enterprise class cloud service provider, on Tuesday announced a strategic partnership. Dell EMC, a part of Dell Technologies, and Pi would collaborate to leverage each other in delivering software defined storage (SDS) to customers in the India…
