Business

US stocks kicked off Wednesday’s trading session with a powerful rally, fuelled by renewed investor optimism after key political developments helped ease recent market tensions.Following weeks of volatility driven by concerns over interest rates, central bank independence, and global trade, Wall Street welcomed signs of stability from Washington.Markets surged after President Donald Trump backed off…

The European Union (EU) fined big tech firms, Apple and Meta, for 500 million euros and 200 million euros respectively on Wednesday, according to the Associated Press. The decision came as a result of the enforcement of the EU’s digital competition rules- the Digital Market Act (DMA).Apple has been fined for preventing application makers from…

Savings bank account for children: Know the latest RBI rules Early age savings and financial independence empower your child to become money-wise. RBI has issued fresh guidelines for banks regarding the opening and operation of deposit accounts by minors. The revised guidelines are aimed at harmonising existing regulations to ensure greater clarity and appropriate safeguards…

The Reserve Bank of India (RBI) has issued a circular asking Indian banks to shift their net banking facilities to an exclusive online domain- “.bank.in’. The process of shifting to exclusive domains must be completed latest by October 31, 2025, instructed RBI.The ‘.bank.in’ domain is a secure and exclusive digital space launched by the RBI…

China on Wednesday signaled a renewed willingness to engage in trade negotiations with the United States, declaring that “the door for talks is wide open” amid ongoing tariff tensions.The statement follows recent comments by US President Donald Trump, who hinted that the sweeping tariffs on Chinese imports—some as high as 145 percent—could be significantly reduced…

Trump has indicated that there may be potential imposition of reciprocal tariffs on pharmaceuticals as well. (AI image) By Hitesh SharmaThe ongoing trade dynamics between India and the United States may have implications for the pharmaceutical sector, particularly in light of recent tariff announcements. As the US government implements reciprocal tariffs on imports from over…

Tesla has long sought to establish a presence in India, the world's third-largest automotive market. (AI image) Elon Musk-led Tesla sees India as a ‘very hot market’, but rues the 100% tariffs on automobiles, which it says make customers anxious. The US auto giant continues to evaluate the timing of its entry into this promising…

While the coming months will shape the future of global trade dynamics, the temporary suspension of US reciprocal tariffs provides India a unique window. (AI image) By Kunal ChaudharyThe U.S. has announced a 90-day temporary pause on the imposition of the higher reciprocal tariffs on its trading partners. In a notable policy shift, the announcement…

Gold had crossed the Rs 1 lakh mark this week. (AI image) Gold rate today: Gold June futures at MCX experienced profit booking on Wednesday after reaching a record high of Rs 99,358, opening lower by Rs 1,883 or 1.45% at Rs 95,457/10 grams. Market participants secured profits at elevated gold prices. Gold had crossed…

AI-generated representative image Asian markets rose on Wednesday, encouraged by US President Donald Trump’s reassurance that Federal Reserve Chair Jerome Powell will remain in his position.The Indian equity benchmarks opened on a positive note on Wednesday, with the BSE Sensexcrossing 80,200 and trading at 80,140.02, up 544 points or 0.68 percent, as of 9.21 AM….