US issues fresh sanctions again Iranian and Russian entities and individuals The United States on Wednesday imposed fresh non-proliferation sanctions on seven individuals and entities across Iran, Russia, Italy and Nigeria for allegedly supporting weapons procurement on behalf of Iran’s Islamic Revolutionary Guard Corps (IRGC). The action, announced by the US treasury department‘s office of…
JPMorgan Chase could become the first bank with $1 trillion valuation JPMorgan Chase could become the world’s first bank to touch the market valuation of $1 trillion.The lender’s shares surged to a record high after it reported the highest quarterly profit ever posted by a US bank, lifting its market capitalisation to around $919 billion….
Cabinet approved 43.218 km Link/Connector Corridor connecting NH-31 and Varanasi Ring Road along the River Varuna . NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved two highway projects to further strengthen infrastructure in Varanasi (Kashi) by constructing a 43.2-km, predominantly 6/4-lane elevated corridor along the Varuna riverbank and a 46.04-km, predominantly…
MUMBAI: HDB Financial Services reported net profit of Rs 785.2 crore for the June 2026 quarter, up 38.3% from Rs 567.7 crore in the year-ago period, driven by steady growth in net interest income and a moderate rise in non-interest income alongside stable credit costs.Net interest income rose to about Rs 2,508.7 crore from Rs…
A common mistake investors make is replacing mutual funds solely because they underperformed over a short period. (AI image) The author is CEO of PaisabazaarFor many salaried individuals, a new financial year begins with bigger paychecks and bonuses. With higher income, the immediate instinct may be to invest in a new mutual fund scheme, increase…
Just as global energy supplies were beginning to stabilise after nearly four months of disruption, Iran has issued a fresh warning over the Strait of Hormuz. This time, however, the threat could extend far beyond the waterway.As tensions in the Middle East intensify again, Iran has warned that it could expand efforts to disrupt regional…
The Union Cabinet on Wednesday approved seven major decisions covering infrastructure, semiconductor manufacturing, mobile phone production, fertiliser and railway projects. The package includes Semicon 2.0, the Mobile Phone Manufacturing Scheme (MPMS) and the National Investment Policy for Urea-2026, with a combined outlay of Rs 2,19,353 crore.The announcements came during a press briefing after the Cabinet…
Gold holds firm as softer US inflation, Middle East tensions support prices Gold prices remained resilient on Wednesday, supported by softer-than-expected US inflation data and heightened geopolitical tensions in the Middle East, according to Pinky Yadav, Commodity Fundamental Analyst at Choice Broking. COMEX gold traded near $4,031 an ounce, while MCX gold edged higher to…
China’s economy lost pace in the April-June quarter, despite rising exports as weak domestic demand and investment dragged growth to its slowest pace in more than three years. Official data released on Wednesday showed that the economy expanded at an annualised 4.3%, down from 5% in the January-March quarter and below forecasts. Exports continued to…
AI generated image, used only for representational purpose Dalal Street made a strong comeback on Wednesday, reversing previous session’s losses as improving tech sentiments, firmer rupee, and other geopolitical cues boosted investor confidence. BSE Sensex jumped 553 points to 77,603.57 in early trade, while NSE Nifty gained 148.15 points to 24,198.40. The recovery came a…
