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Last Updated:June 06, 2026, 02:45 IST On Wall Street, all three major indexes ended lower, led by heavy selling in technology shares. Dow Jones fell 1%, the S&P 500 lost 2.4%, while the Nasdaq Composite plunged 4%. The so-called “Magnificent Seven” stocks, including Nvidia, Alphabet and Meta Platforms, all closed in the red. US technology…
Tata Steel said its UK subsidiary is assessing the extent of damage and potential operational impact after a fire broke out at the Pickle Line facility at its Port Talbot site in Wales earlier this week, while efforts are underway to resume operations at affected units. In a clarification to stock exchanges on Friday, Tata…
Last Updated:June 05, 2026, 11:31 PM IST PM Modi hails new GDP data showing 7.7 percent growth in FY 2025-26 and 7.8 percent in Q4, credits reforms and vows to boost ‘Ease of Living’ and ‘Ease of Doing Business’. PM Modi also reiterated the government’s commitment to improving governance and creating opportunities. (ANI file Photo)…
The Indian currency witnessed a rise on Friday after the results of the Monetary Policy Committee meeting of the Reserve Bank of India (RBI). The rupee closed at 94.93 with a gain of 81 paise against the US dollar. Market sentiment has improved due to the steps taken by the central bank to increase the…
Iran’s navy said it fired warning missiles and drones at US warships in the Gulf of Oman, accusing the US Navy of harassing maritime traffic and seizing commercial vessels and oil tankers, Al-Jazeera reported citing Iranian state media. The reported action marks the latest escalation in tensions between Tehran and Washington over maritime security and…
The main US stock market indices opened on a largely negative note on Friday as declining chipmaker stocks like AMD and Micron Technology dragged S&P 500 and tech-heavy Nasdaq Composite lower. Nasdaq shed over 340 at open and later breached passed the day’s low of 26,309 level after falling nearly 2%. S&P 500 slumped 0.72%…
Iran has told Pakistan that it is willing to surrender a portion of its enriched uranium to a third nation as part of Islamabad’s attempts to resolve the Iran-US war, according to a report by Al Arabiya. This comes after Mohsin Naqvi, Pakistan’s interior minister, met Eskandar Momeni, Iran’s interior minister, on Friday. The two…
Reserve Bank of India on Friday announced the investment limits for Foreign Portfolio Investors (FPIs) in government securities and state development loans (SDLs) for fiscal year 2027, providing overseas investors with a larger investment window in India’s debt market. According to the central bank’s notification, FPIs will be permitted to invest up to Rs 4.62…
Last Updated:June 05, 2026, 4:49 PM IST To back the claim of robust health, defenders of the current economic policy point to a cluster of high-frequency domestic indicators However, independent economists and opposition analysts maintain that a singular focus on headline GDP figures overlooks persistent structural challenges within the broader Indian ecosystem. File image/PTI A…
GDP growth in the fourth quarter (January-March) of the financial year 2025-26 was 7.8%. The Ministry of Statistics and Program Implementation released these figures on June 5. This time the GDP has been calculated on the basis of 2022-23 instead of the base year 2011-12. The government said that GDP has grown at the rate…