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Economy

U.S. 10 year yield back near 5% puts more pressure on stocks

By Xie Yu and Alun John HONG KONG/LONDON (Reuters) -U.S Treasury yields were heading back towards 5% on Wednesday, dragging shares around the world to multi-month lows in the middle of a busy week for

Yen on intervention watch after drop to one-year low, dollar strong

By Samuel Indyk and Ankur Banerjee LONDON (Reuters) - The dollar was buoyant on Thursday, hovering at a near three-week high as Treasury yields rose and appetite for riskier currencies dimmed, while

Chip shortage eases, offering hope for automobile makers: CRISIL

New Delhi , October 26 (ANI): The global chip shortage, which has disrupted the automobile industry in India for a substantial part of fiscal...

Govt rolls out mandatory quality norms for helmets for police force, water dispensers

New Delhi, Oct 26 (PTI) The government has issued mandatory quality norms for helmets for police force, bottled water dispensers, and door fittings...

Euro Area sees monetary developments in September 2023

New Delhi , October 26 (ANI): The European Central Bank (ECB) has released data on monetary developments in the Euro area for September 2023,...

Gold resilient as Mideast conflict dominates sentiment

By Swati Verma (Reuters) - Gold climbed on Thursday as the Middle East conflict continued to grip investors, with bullion standing firm despite the U.S. dollar and bonds yields being boosted by a

Oil falls after U.S. stockpiles climb, Middle East tensions in focus

By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on

Bank of Canada maintains policy rate amidst global economic challenges

New Delhi , October 26 (ANI): The Bank of Canada has opted to keep its policy rates unchanged. The central bank announced that it...

Financial world on tenterhooks: ECB meeting, central decisions and economic data awaited

New Delhi , October 26 (ANI): As global economic uncertainty looms and oil prices surge, this week's focus is on key financial events and...

India’s IRM Energy slides 11% in debut trade at over $200 million valuation

By Rama Venkat BENGALURU (Reuters) - Shares of IRM Energy fell as much as 10.9% in trading debut on Thursday, valuing the Indian natural gas distributor at 18.48 billion rupees ($222.03 million) in a

On Camera

Elections showed that Manipur still has faith in democracy. Will new govt deliver?

The people of conflict-torn Manipur will have every right to feel betrayed if the new government doesn’t break its silence and show its commitment to addressing the state's issues.

Cash-strapped Karnataka hikes fuel tax by Rs 3/l, could earn Rs 2,500-3,000 cr more per yr

Move to bring down differences in commodity prices with neighbouring states, says government. Oppn, dealers blame it on welfare, Congress's guarantees.

With an eye on China, IAF expands taxi track at Leh airport, new shelters being built

Expanded taxi track is smaller than those meant for civilian operations, but is long enough for fighters & military transport aircraft to operate.

Sangh wants BJP to know it’s not dispensable. It’s a rap on the knuckles, nothing more

Occasional lovers’ tiffs have marked history of RSS-BJP relations. To think that Nagpur will bring about any change in leadership is a misreading of both its intent and its power.