Drawing a practical analogy, the JPMorgan report calls IT firms the ‘plumbers of the technology world’. (AI image) India’s IT sector is witnessing an unprecedented rout with stocks tanking on fears of artificial intelligence making the main roles at technology sector giants redundant. It’s a selloff like never before – but is the situation so…
MUMBAI: India’s foreign exchange reserves fell to $716.8 billion in the week ended March 6 from $728.5 billion in the previous week, RBI data showed. The $11.7 billion decline in reserves last week came amid dollar sales of about $6.1 billion by the central bank to support the rupee against pressure stemming from the Iran…
Gold and silver prices registered a strong opening on the Multi Commodity Exchange of India as investors increasingly moved toward safe-haven assets amid rising uncertainty linked to the escalating Middle East conflict involving Iran, Israel and the United States. A weaker dollar also supported bullion, as the decline made dollar-priced precious metals more affordable for…
US President Donald Trump said Thursday he was not worried about rising gasoline prices linked to the widening conflict with Iran, adding that the military campaign was a bigger priority.“I don’t have any concern about it,” Trump told Reuters in an interview when asked about higher prices at the pump. “They’ll drop very rapidly when…
Donald Trump (File photo) US President Donald Trump said his country could benefit economically from rising oil prices but added that preventing Iran from acquiring nuclear weapons remains his overriding priority. He called Iran an “evil empire” and warned that its nuclear ambitions could threaten the stability of the Middle East and beyond.“The United States…
Amid concerns over global oil supply disruptions due to tensions in MIddle East, government sources on Saturday said India’s energy stock position is improving, adding that the situation has strengthened confidence about fuel supply stability in the country.According to government sources, the improvement in energy availability has reinforced the Centre’s position that petrol and diesel…
USA’s Shadley van Schalkwyk (Special Arrangements) NEW DELHI: It has been the Shadley van Schalkwyk show at the T20 World Cup 2026, with the South Africa-born American all-rounder’s excellence making heads turn. Schalkwyk comfortably leads the wicket-taking charts, recording 11 dismissals in three matches at an economy rate of 6.55, followed by Zimbabwe pacer Blessing…
Salman Ali Agha (Getty Images) NEW DELHI: Pakistan’s campaign at the ICC Men’s T20 World Cup came to a disappointing end despite a win over Sri Lanka national cricket team on Saturday, with captain Salman Ali Agha conceding that the team’s batting frailties proved costly.While Sahibzada Farhan stood out with a superb hundred, the rest…
Vijayawada, Andhra Pradesh: Union Bank of India organised a bike rally to promote the special 444-day deposit scheme and encourage the habit of savings among the public. The rally started from BRTS road at Saradha College Junction and passed through Padavala Revu Centre, Eluru Road and Sitharampuram Junction, before concluding at BRTS road. The event…
Foreign portfolio investors once again turned towards Dalal Street to shop for Indian equities, spending in Rs 33,487 crore across 15 sectors, in the first half of February. The bulk of the inflows went into capital goods, financial services and oil & gas stocks, marking the strongest fortnightly buying seen since the second half of…