XRP saw a surge after Ripple CEO Brad Garlinghouse revealed that the US Securities and Exchange Commission (SEC) is no longer pursuing its appeal in the ongoing legal case against the payments company. As a result, XRP’s price jumped nearly 11%, reaching $2.52.Speaking at the Digital Assets Summit in New York on Wednesday morning, Garlinghouse…
The US Federal Reserve faces a more complex scenario in its current decision-making process. (File AP Photo) The US Federal Reserve kept the benchmark rate unchanged in the 4.25-4.5% range in its meeting today. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to…
(Image credits: KPI Green Energy) NEW DELHI: KPI Green Energy announced on Wednesday that it has secured a Rs 272 crore loan from the National Bank for Financing Infrastructure and Development (NaBFID) to partly fund its 50 megawatt (MW) hybrid power project in Bharuch, Gujarat, news agency PTI reported.“The company has received a final sanction…
A Tax Saving FD represents a special term deposit that provides tax advantages under Section 80C. (AI image) It’s that time of the year again when you scramble for last minute tax saving investments. Those who systematically arranged their tax-saving investments throughout the year remain at ease, whilst last-minute planners are rushing to maximise deductions…
Fitch expects India’s GDP growth to strengthen further in the last quarter of FY25. (AI image) The Indian economy is ‘somewhat insulated’ from the impact of high US tariffs, Fitch has said in its latest Global Economic Outlook report. Fitch sees the Indian economy growing at 6.5% in the upcoming financial year, with a slight…
Chhatrapati Shivaji Maharaj International Airport plans to invest approximately ₹10,000 crore in infrastructure enhancement. From May onwards, travellers departing from Mumbai airport could face increased charges as the Adani-operated facility has suggested implementing a ₹325 fee for domestic flights and raising international passenger charges to ₹650.The overall financial burden on passengers might be reduced as…
Hero’s market position has deteriorated to its lowest point in ten years. Several senior executives at Hero MotoCorp have reportedly resigned amidst growing challenges for India’s leading two-wheeler manufacturer by volume. Sources familiar with the situation told ET that these resignations have occurred within the past few days.This exodus follows a month after the company’s…
Indian Railways intends to purchase 3 GW of renewable energy, including hydropower, alongside 3 GW of thermal and nuclear power in 2030. (AI image) The Indian Railways has begun consultations with the Department of Atomic Energy (DAE) and power ministry regarding the establishment of small nuclear power facilities to meet its energy needs, supporting its…
Cipla has announced an exclusive licensing agreement with Taiwan-based Formosa Pharmaceuticals to market clobetasol propionate ophthalmic suspension 0.05% (APP13007) across 11 countries, including India. It is used to treat post-op inflammation and pain following ocular surgery. Source link
Market experts anticipate continued recovery in the short term. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex was above 75,300, Nifty50 was above 22,850. At 9:18 AM, BSE Sensex was trading at 75,356.88, up 56 points or 0.074%. Nifty50 was at 22,861.55,…
