US Federal Reserve Governor Chris Waller has joined a growing group of policymakers calling for the central bank to signal that its next move may not necessarily be an interest rate cut as inflation pressures remain elevated, AFP reported.The comments come as the US economy continues to grapple with stubborn price pressures, with consumer inflation…
The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by the economic fallout of the ongoing Middle East conflict, PTI reported. India is the second-largest shareholder in the China-led multilateral lender after China.The Beijing-headquartered bank said the newly launched Energy, Food Security and Economic Resilience Facility…
The Reserve Bank of India (RBI) on Friday announced a record dividend payout of Rs 2.87 lakh crore to the government for FY26, providing additional fiscal space amid evolving global and geopolitical challenges, PTI reported. The decision on the surplus transfer was taken at the 623rd meeting of the RBI Central Board of Directors chaired…
When the first Hard Rock Cafe opened in 1971 in London, the musical genre to which the restaurant chain pays tribute had just begun to hit the airwaves. Over the following decades, as the ranks of head-bangers swelled, hundreds of the eateries were opened in cities around the world. Still today there are Hard Rock…
SBI Mutual Fund has increased its holding in private sector lender Bandhan Bank, with its stake crossing the 5 per cent threshold following an additional purchase of shares from the open market, PTI reported.In a regulatory filing, Bandhan Bank said the final holding of SBI Mutual Fund, through its various schemes, stood at 8,12,46,734 shares…
Venezuela has emerged as India’s third-largest crude oil supplier so far in May, overtaking Saudi Arabia and the United States, as Indian refiners increased purchases of cheaper heavy crude amid disruptions linked to the ongoing West Asia conflict.The South American nation supplied around 417,000 barrels per day (bpd) to India this month, sharply higher than…
The Reserve Bank of India (RBI) sold an estimated $2 billion to $3 billion on Thursday to defend the rupee against sustained pressure, and stepped in again on Friday, helping the currency strengthen past the 96-per-dollar mark, according to bankers cited by Reuters.The rupee rose 0.64 per cent to close at 96.20 against the US…
An American negotiating team is expected to visit India in June to advance talks on an interim bilateral trade agreement, Union commerce minister Piyush Goyal said on Thursday. a day after US ambassador Sergio Gor met finance minister Nirmala Sitharaman to discuss strengthening economic ties. Representational image. (PTI) Gor described his meeting with Sitharaman as…
New Delhi: The recovery in India’s private sector activity appears to have lost some momentum in May, with the latest HSBC Flash PMI showing softer growth in output, new orders, exports and employment. Data released by S&P Global on Thursday suggests that while business activity continued to expand, the rebound after March’s sharp slowdown did…
There is always a valid question that needs answering — what are the best keyboard and mice that’ll work with a Mac? A rupee for every time I’ve been asked this, and I’d probably have about ₹168 in my wallet. The default choice, and any recommendation would be, is the combination of an Apple Magic…
