Grant Thornton Advisors has agreed to buy accounting and advisory company CBIZ Inc. in a $5 billion cash deal. The companies announced the deal on Wednesday. After the deal is completed, the combined company will become one of the largest accounting and professional services firms in the US. The deal comes at a time when…
Technology stocks, particularly companies viewed as richly valued, remain under pressure. US stock market today: US equities traded in negative on Wednesday as investors awaited the outcome of the Federal Reserve’s latest policy meeting on interest rates. Meanwhile, oil prices climbed sharply.S&P 500 edged down 0.73%. The Dow Jones Industrial Average lost over 700 points,…
The U.S. government is swinging behind a fledgling startup’s moonshot bid to dislodge Boeing as America’s only major maker of commercial airliners. The aircraft that JetZero wants to do it with is no less radical than its ambition. It looks more like a manta ray than the tube-with-wings blueprint that has been the default for…
The Trump administration has previously imposed trade measures on India while exempting China. (AP file photo) Is India going to face 100% tariffs for its continued imports of Russian crude oil? A latest move by the US Senate has sparked buzz on countries like China and India, which import Russian crude oil in huge quantities,…
Filing your ITR needs to be a careful process to avoid triggering any unwanted scrutiny. It’s the last week of July and like every year the income tax return filing deadline is nearing. For salaried taxpayers July 31, 2026 is the last date on which they can file their ITR within the due date.Taxpayers who…
The word tax evokes a sense of lethargy and urgency almost simultaneously. With the introduction of the new tax regime, the focus of investment planning has shifted from tax saving to wealth creation. (Unsplash/representational) Tax saving investments each financial year (FY) under the old tax regime were invariably done in the last quarter despite the…
Semiconductor stocks have been under heavy pressure in recent weeks as investors rushed to sell AI-related stocks. But those who used leverage—through borrowed money or leveraged ETFs—have suffered much steeper losses, turning a chip sell-off into a broader market rout. Why leverage turned the AI chip sell-off into a market rout as leveraged ETFs, margin…
Wall Street is becoming less convinced that Big Tech’s huge AI spending will pay off soon. Investors now want proof that billions of dollars being spent on artificial intelligence are leading to real profits instead of just bigger expenses. Wall Street questions Big Tech’s AI spending as Microsoft and Meta face investor scrutiny over soaring…
India’s electronics manufacturing sector has seen a major expansion over the last decade, with mobile phone exports recording a 165-fold increase between 2014-15 and 2025-26, the government said in Parliament on Wednesday.Mobile phone exports, which stood at around Rs 1,500 crore in 2014-15, have now reached approximately Rs 2.59 lakh crore in 2025-26, according to…
India has comparatively fewer large listed companies directly exposed to the artificial intelligence infrastructure boom. Stock market today: Nifty50 and BSE Sensex rallied strongly in trade on Wednesday as IT sector stocks led the recovery. Sensex and Nifty each advanced over 1% even as crude oil prices jumped following escalating tensions between the US and…
