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Economy

Oil edges up on U.S. Fed rate signals, China property sector support

By Katya Golubkova TOKYO (Reuters) - Global oil prices climbed in early trade on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate cuts and as China unveiled new

All set for Budget 2024, last under PM Modi’s second term

New Delhi , February 1 (ANI): On Thursday, Union Finance Minister Nirmala Sitharaman will table the interim budget before the country heads for Lok...

All set for Budget 2024, last under PM Modi’s second term

New Delhi , February 1 (ANI): On Thursday, Union Finance Minister Nirmala Sitharaman will table the interim budget before the country heads for Lok...

Paytm Payments Bank set to expand its existing relationships with leading third-party banks to distribute payments and financial services products

New Delhi , February 1 (ANI): Paytm Payments Bank Limited ("PPBL"), an associate of OCL (One 97 Communications Limited), has received RBI directions. Paytm...

PTC sees quarterly revenue, profit below estimates in a tough economy

(Reuters) - Industrial software maker PTC forecast second-quarter revenue and profit below estimates on Wednesday, as elevated interest rates forced businesses to dial back software budgets. PTC,

Stocks, yields slide as Fed signals no rate cut soon

By Herbert Lash NEW YORK (Reuters) -Treasury yields and a gauge of global equities fell sharply after the Federal Reserve left interest rates unchanged as expected on Wednesday but indicated it would

Gold drifts lower after Powell pushes back prospect of March rate cut

By Anushree Ashish Mukherjee and Ashitha Shivaprasad (Reuters) - Gold prices reversed course and edged lower on Wednesday after the Federal Reserve Chair Jerome Powell pushed back strongly against

Dollar rebounds as Fed’s Powell sees March rate cut as unlikely

By Karen Brettell NEW YORK (Reuters) - The dollar gained on the euro and pared losses against the yen on Wednesday after Federal Reserve Chair Jerome Powell said that a rate cut in March was not the

Oil settles lower on faltering China economy, US crude stock build

By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday, pressured by low economic activity in leading crude importer China and a surprise build in U.S. crude inventories as producers

Stocks, yields slide after Fed sends hawkish message

By Herbert Lash NEW YORK (Reuters) -World shares slipped lower and Treasury prices pared gains after the Federal Reserve left interest rates unchanged as expected on Wednesday and indicated it would

On Camera

‘Trade, not aid’—Narasimha Rao’s 1991 reforms speech that changed India’s economic landscape

On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.