The government on Monday announced that effective July 1, it will lift restrictions on state-run oil companies selling auto fuels to bulk consumers and scrap the 200-litre daily limit per vehicle for diesel sales. A petrol pump attendant fills fuel in a vehicle at a petrol station in New Delhi (Hindustan Time File/Sanchit Khanna) The…
Wall Street started the week on a stronger note, with major US indices rebounding after a rare spell of losses as heavyweight technology stocks lifted investor sentiment.The Dow Jones Industrial Average stood at 52,174.42, up 0.58%, while the Nasdaq Composite was at 25,495.20, gaining 0.78%, and the S&P 500 reached 7,390.14, rising 0.49% around 8…
For a 25-year-old starting out in India, building a ₹1 crore portfolio by age 35 may seem out of reach. But is it unattainable? The short answer is no. The key is to go aggressive in the early years, which can significantly improve the odds. You can now build your first ₹1 crore using smart…
Chinese artificial intelligence (AI) startup Zhipu AI, or Z.ai, has released an open-weight GLM-5.2 model that matches Anthropic’s controversial Mythos class-model in cybersecurity and software vulnerability identification tasks. Researchers who have tested and compared frontier models say the Chinese AI company continues to have a significant cost advantage, first illustrated by DeepSeek early last year….
The Centre is planning to roll out a Rs 5,000 crore scheme over the next three months to promote the adoption of cleaner technologies in the steel sector as part of efforts to reduce carbon emissions The Centre is planning to roll out a Rs 5,000 crore scheme over the next three months to promote…
The 30-share BSE Sensex fell 372.10 points, or 0.48%, to settle at 76,728.37. During the session, it dropped as much as 478.72 points, or 0.62%, to 76,621.75. Benchmark equity indices Sensex and Nifty ended lower on Monday as renewed hostilities between the US and Iran and a rise in global crude oil prices dented investor…
India’s Gen Z has mastered accountmaxxing — stacking SIPs, buying mutual funds and chasing financial freedom. SIPs? Locked in. Mutual funds? Loading. But when it comes to insurance, many are still depending on their parents to handle it. According to a Bajaj Capital report, 51% of Gen Z respondents actively invest through mutual funds and…
More than a quarter of the country’s nearly 6,000 bond issuers carried AAA ratings at the end of the first quarter, while another 32% were rated AA+, according to the Securities Association of China. In comparison, fewer than 1% of outstanding US corporate bonds carry AAA ratings, Bloomberg data showed. In a move that could…
Verizon Communications Inc. and the UK’s BT Group Plc have agreed to create a joint venture for their international businesses that will have a combined yearly revenue of about $4 billion. As part of the deal, Verizon agreed to an “equalization payment” of $625 million to BT. (FILE Photo) As part of the deal, Verizon…
Gold Rate Today: Indian households rush to cash out old jewellery Indian households are increasingly cashing in on old jewellery as concerns grow that gold prices may have already reached their peak. According to data from the India Bullion & Jewellers Association (IBJA), consumers sold nearly 50 tonnes of old gold during the April-June quarter,…
