Last week Trump said, “I don’t know why the Board doesn’t override (Powell).” (AI image) US President Donald Trump has targeted US Fed Chairman Jerome Powell, calling him ‘incompetent’. Trump has in the past hit out at Powell for not cutting rates, calling him a ‘numbskull’ and Mr ‘Too Late’.During the Federal Reserve’s meeting last…
(Representative image credits: ANI) Asian shares climbed on Tuesday while oil prices dropped, as investor fears of a major energy shock eased following US President Donald Trump‘s announcement of a ceasefire between Iran and Israel.Markets were reassured after Iran did not retaliate to a US strike on its nuclear facilities by disrupting oil transport through…
Analysts anticipate Indian equities will continue consolidating, whilst investors monitor global geopolitical developments. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, soared in trade on Tuesday after Donald Trump announced a ceasefire between Iran and Israel. While Nifty50 went above 25,200, BSE Sensex was up over 900 points. At…
MUMBAI: Iran’s parliamentary move to approve the closure of the Strait of Hormuz, an oil shipping chokepoint, has jolted global insurance markets. Already uneasy over the Red Sea disruptions, marine insurers are now bracing for a spike in war risk premiums and the possible withdrawal of war cover across the Persian Gulf.“The ongoing Iran-Israel-US conflict…
MUMBAI: Dalal Street on Monday weathered the fallout of US involvement in the Israel-Iran conflict.As a reaction to US bombing of Iran’s nuclear sites early on Sunday, the sensex opened deep in the red but soon stabilised as it became clear that Iran’s response to the attack would not be immediate. In early trades, the…
NEW DELHI: Finance minister Nirmala Sitharaman on Monday asked top direct tax officials to make the processes simpler, transparent, and taxpayer-friendly, while seeking to speed up cases of disputed tax demand.During a meeting with principal chief commissioners of income tax, the minister called for a “structured, process-driven approach to compliance” focusing on greater ease for…
LUCKNOW: RBI governor Sanjay Malhotra on Monday said his experience at the United Nations taught him to challenge status quo, a lesson that helped him streamline government systems during his administrative career.Speaking at the 58th convocation of IIT Kanpur, Malhotra-an alumnus of the institute – outlined four key learnings from his professional journey thus far:…
Oil prices slipped nearly $5, or 6%, on Monday after Iran attacked the US military base in Qatar in retaliation for US attacks on its nuclear facilities, and took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz.About a fifth of global oil supply flows through the strait.A telegraphed attack…
Many NRIs in the UAE and Saudi Arabia are rushing to send money home as rupee weakens against the UAE dirham. Rupee is now hovering around Rs 23.5 per AED, its lowest level since early April, triggering a spike in remittances across the region. Currency exchange firms across the Gulf have reported a clear uptick…
Oil supply through the crucial Strait of Hormuz is unlikely to be affected, even though conflict in the Middle-East continues to escalate and crude prices continue to rise.The region remains tense after the recent US strike on Iran, but there is hope that oil supply routes will continue to operate without disruption, experts told ANI.Former…
