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Yen higher, dollar squeezed as US inflation ebbs

By Tom Westbrook SINGAPORE (Reuters) -The dollar nursed losses and the yen rose on Thursday after U.S. core inflation eased to its slowest pace in three years, pulling forward expectations for rate

Govt slashes windfall tax on domestic crude to Rs 5,700/tonne

New Delhi, May 16 (PTI) The government has slashed windfall tax on domestically produced crude oil to Rs 5,700 per tonne, from Rs...

Govt slashes windfall tax on domestic crude to Rs 5,700/tonne

New Delhi, May 16 (PTI) The government has slashed windfall tax on domestically produced crude oil to Rs 5,700 per tonne, from Rs...

Asia rides Wall St rally, dollar sags on inflation relief

By Kevin Buckland TOKYO (Reuters) - Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the

Aimed at enhancing computational capabilities, India to procure 10,000 graphics processing units by 2025

New Delhi , May 16 (ANI): India, a mega generator of digital data, is set to enhance its computational capabilities significantly by procuring 10,000...

SBI raises FD rate on select short-term maturity up to 75 bps

New Delhi, May 16 (PTI) The country's biggest lender State Bank of India (SBI) has hiked fixed deposit rate on select short-term maturity...

Adani Energy completes acquisition of Essar’s Mahan-Sipat transmission assets for Rs 1,900 cr

New Delhi, May 16 (PTI) Adani Energy Solutions on Thursday said it has completed the acquisition of Essar’s Mahan-Sipat Transmission assets for an...

Moderating US inflation, normal monsoon forecast buoy Indian stocks; IT index top mover

New Delhi , May 16 (ANI): Stock indices began on a strong start at the opening bell Thursday, tracking firm overnight cues from US...

Adani Energy completes acquisition of Essar’s Mahan-Sipat transmission assets for Rs 1,900 cr

New Delhi, May 16 (PTI) Adani Energy Solutions on Thursday said it has completed the acquisition of Essar’s Mahan-Sipat Transmission assets for an...

Gold drifts higher as rising Fed rate cut expectations boost appeal

By Sherin Elizabeth Varghese (Reuters) - Gold prices inched up on Thursday following a sharp rise in the last session as the dollar and bond yields weakened on the increasing likelihood of rate cuts

On Camera

I met Hezbollah leader Hassan Nasrallah in 2005. He told me he was an admirer of MK Gandhi

Shuttle diplomacy at a high level is indicated, along the lines of the famous Kissingerian shuttles following the 1973 Arab-Israeli war.

#ByeByeAP to #LuluBackInAP: Naidu’s moves to make Andhra ‘business friendly’ & woo back investors

The Jagan Reddy govt has been accused of scuppering various investment deals. Under Naidu, the govt, is trying to make AP a top investment destination, officials and industrialists say.

IAF chief AP Singh red-flags Tejas delay, says China ahead in technology & production capacity

Air force chief says HAL needs to churn out 24 aircraft per year. It is important for IAF to have indigenous weapons systems to deal with any security challenges, he says.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?