A US Federal Reserve official said Friday that the central bank could start cutting interest rates as soon as next month, signaling flexibility amid global economic uncertainty and rising geopolitical risks.“We can start the process of bringing rates down, and then if there’s some big shock due to maybe the Middle East conflict, we can…
State-owned telecom firm BSNL has entered the 5G fixed wireless access (FWA) space, launching its home broadband service in Hyderabad, the company said on Friday. The move pits BSNL against private sector giants Reliance Jio and Bharti Airtel, which are already offering similar services using their 5G spectrum.“Quantum 5G FWA demonstrates how Indian engineers can…
Accenture on Friday reported an 8% year-on-year rise in revenue to $17.7 billion for the March-May quarter of FY25, supported by growing demand for AI-related services. The Ireland-headquartered IT services firm, which follows –a September-August fiscal calendar, also raised the lower end of its full–year revenue growth guidance to 6-7% in local currency from 5-7%…
BENGALURU: Campus Fund, a venture capital firm focused on student and dropout-led startups, has announced a $100 million third fund, its largest to date. The fund has completed its first close with more than 50% of the capital already committed and has begun deploying capital with two investments already made.Founded by Richa Bajpai, Campus Fund…
US stocks gained ground on Friday as Wall Street reopened after the Juneteenth holiday, with investors balancing solid earnings from CarMax against rising geopolitical uncertainty in the Middle East.The S&P 500 rose 0.4% to extend its weekly gain, while the Dow Jones Industrial Average added 159 points and the Nasdaq composite climbed 0.6% at initial…
AI image means for representation only India’s foreign exchange reserves rose by $2.294 billion to $698.95 billion in the week ended June 13, according to data released by the Reserve Bank of India (RBI) on Friday.This follows a $5.17 billion increase in the previous week, taking the total gains over two weeks to nearly $7.5…
The ongoing conflict in the Middle East has so far had a limited impact on Indian companies’ global trade exposure, but any escalation could pose risks to key sectors, CRISIL Ratings said in a report.While global crude prices have remained volatile amid the tensions between Israel and Iran, India’s direct trade with both countries is…
India’s aviation sector is projected to continue growing in FY2026, with domestic air passenger traffic expected to rise by 7–10% year-on-year, reaching between 175 and 181 million passengers, according to a report by ICRA. This projection follows a 7.6% increase in FY2025, when domestic traffic touched 165.4 million, marking a strong recovery at 16.8% above…
Air India fares have fallen significantly across both domestic and international routes following the crash of the Air India Boeing 787 Dreamliner last week. Data from travel platform ixigo showed a sharp drop in Advance Purchase Days (APD) fares, tickets bought between zero and fifteen days before travel, compared to the previous week. The analysis…
Diesel locomotive from the Marhowrah Diesel Locomotive Factory in Bihar (Image credits: Railways) Prime Minister Narendra Modi on Friday flagged off the first ‘Make in India’ for export diesel locomotive from the Marhowrah Diesel Locomotive Factory in Bihar, marking a significant milestone in India’s rail manufacturing and export capabilities.Developed under the ‘Make in India’ initiative…
