NEW DELHI: “When I reached International Space Station for the first time, the first thing I did was to locate India (on Earth), from where my father belonged to, and Slovenia, from where my mother belonged,” said Indian American astronaut Sunita Williams in Delhi on Tuesday — the only female astronaut who has set the…
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MUMBAI: Indian banks are navigating a paradox where credit growth is outstripping deposit growth but margins are under pressure. On paper, a scenario where credit outstrips deposit growth should be a recipe for soaring profitability. However, a deeper look into the recent earnings calls of major public sector lenders shows that margins remain under pressure…
CHENNAI/NEW DELHI: Congress snapped on Wednesday its 11-year alliance with the DMK and threw its weight behind TVK, deepening fissures in INDIA bloc after DMK’s rout in Tamil Nadu. AICC in-charge Girish Chodankar met TVK chief C Joseph Vijay and pledged support of Congress’s five MLAs. “Congress-TVK alliance will continue for local body polls and…
Ethereum developers, fresh off last month’s successful Fusaka upgrade, which cut down costs for nodes, are already moving full-steam ahead on planning the blockchain’s next major change. Enter “Glamsterdam.” The name is a portmanteau of two simultaneous upgrades taking place on Ethereum’s two core layers. The execution layer, where transaction rules and smart contracts live,…
US equity markets retreated slightly on Monday, trimming some of their recent record-setting gains, even as oil prices moved higher amid renewed tensions between the United States and Iran. The increase in crude prices was more restrained compared to earlier phases of the conflict. The S&P 500 declined 0.2% from its record high, shedding 16.92…
MUMBAI: Never mind Delhi’s winter or Mumbai’s traffic, Indians are feasting this festive season and raising a toast to the last few days of the year. There has been a rush of advance bookings at several restaurants, with seats at some of the eateries totally sold out for Christmas and New Year’s eve. After a…
Trump may be ready to walk away from the Iran war. Markets aren’t sure what that means yet. Bitcoin traded at $67,545 on Tuesday morning, roughly flat over 24 hours after recovering from a dip below $65,200 that briefly marked its lowest level since the war began in late February. Ether held above $2,000 at…
US equity benchmarks traded mixed on Friday, with the S&P 500 and Nasdaq moving higher on strength in technology stocks after March inflation data came in line with expectations, while investors kept a close watch on geopolitical tensions in the Middle East.US consumer prices rose the most in nearly four years in March, driven by…
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