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Subscribe to enjoy similar stories. The West’s economic weapons are missing their target. Last month Russia exported near-record volumes of oil, at a decent price.

Subscribe to enjoy similar stories. The residential realty market is in an upcycle, yet real estate companies' December quarter (Q3FY25) results would bring selective cheer. With approval-related challenges slowly receding, sequential improvement in pre-sales or bookings is likely for most listed companies in Q3FY25.

Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes

The BSE Sensex fell more than 200 points while the Nifty50 slipped below 23,650 in the first 15 minutes of trade.

Axis Securities has an overweight call on Bharti Airtel with a target price of Rs 1,880. The current market price of Bharti Airtel is Rs 1587.5. Bharti Airtel, incorporated in 1995, is a Large Cap company with a market cap of Rs 969654.35 crore, operating in Telecommunications sector. Bharti Airtel's key products/revenue segments include Service Revenue and Sale of Products for the year ending 31-Mar-2024.

CLSA said it has turned 'constructive' on the cement sector, citing incrementally better earnings visibility in CY25. While upgrading ratings on Dalmia Bharat and ACC, the brokerage said it prefers Ambuja Cement and UltraTech. «Underperformance of the stocks has been driven by earnings cuts and hence the sector is trading at a slight premium to the historical median,» said CLSA in a client note.

Subscribe to enjoy similar stories. New Delhi: China’s surplus capacity is dampening Indian business’ spirit for adding further production capacity, according to Sanjiv Puri, president of Confederation of Indian Industry (CII).

Subscribe to enjoy similar stories. Nailing down a strategic focus on diversification of global technology innovation away from established powers will offer India its biggest opportunities to grow in global relevance, said Chris Miller, author of global bestseller Chip War: The Fight for the World’s Most Critical Technology and professor of international history at Tufts University in the US, in an interview with Mint.

Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump's policies could have, indicating that they would be moving more slowly on interest rate cuts because of the uncertainty, minutes released Wednesday showed. Without calling out Trump by name, the meeting summary featured at least four mentions about the impact that changes in immigration and trade policy could have on the U.S. economy. Since Trump's November election victory, he has signaled plans for aggressive, punitive tariffs on China, Mexico and Canada as well as the other U.S. trading partners. In addition, he intends to pursue more deregulation and mass deportations. However, the extent of what Trump's actions will be and specifically how they will be directed creates a band of ambiguity about what is ahead, which Federal Open Market Committee members said would require caution. «Almost all participants judged that upside risks to the inflation outlook had increased,» the minutes said. «As reasons for this judgment, participants cited recent stronger-than-expected readings on inflation and the likely effects of potential changes in trade and immigration policy.» FOMC members voted to lower the central bank's benchmark borrowing rate to a target range of 4.25%-4.5%. However, they also reduced their outlook for expected cuts in 2025 to two from four in the previous estimate at September's meeting, assuming quarter-point increments. The Fed cut a full point off the funds rate since September, and current market pricing is indicating just one or two more moves lower this year.

Toronto-Dominion Bank will consider the fate of its 10.1 per cent stake in Charles Schwab Corp. as part of a strategic review stemming from the Canadian bank’s U.S. money-laundering scandal, incoming chief executive Raymond Chun said.

The impact of Justin Trudeau’s resignation on the Canadian dollar appears to be fading, as domestic politics take a backseat to systemic headwinds, including those caused by Trump tariffs and the expectation of more Bank of Canada rate cuts.

An independent watchdog finds the IRS has improved its overall taxpayer service through Democrats' Inflation Reduction Act but still faces delays processing claims from a coronavirus pandemic-era tax credit program and is slow to resolve certain identi...

A top policymaker at the US Federal Reserve says that he still supports reducing interest rates this year, despite elevated inflation and the prospect of widespread tariffs

A top policymaker at the U.S. Federal Reserve said Wednesday that he still supports cutting interest rates this year, despite elevated inflation and the prospect of widespread tariffs under the incoming Trump administration.

Subscribe to enjoy similar stories. Advanced Micro Devices is investing $20 million in Absci, a drug-discovery company based in Washington state, in a move aimed at selling its artificial intelligence chips in the healthcare sector. The deal is structured as a private investment in a public equity and includes an equity stake in Absci.

Subscribe to enjoy similar stories. Zomato has been a poster child of startup success. After its IPO in 2021, the stock had been a dull counter until June 2023—the first quarter when its bottom line turned positive.

exploded a Tesla Cybertruck outside the Trump hotel in Las Vegas used generative AI including ChatGPT to help plan the attack, Las Vegas police said Tuesday.A laptop, cellphone and watch are still under review nearly a week after 37-year-old Matthew Livelsberger fatally shot himself just before the truck blew up.A review of Livelsberger’s searches through ChatGPT indicate he was looking for information on explosive targets, the speed at which certain rounds of ammunition would travel and whether fireworks were legal in Arizona.Livelsberger, an Army Green Beret who deployed twice to Afghanistan and lived in Colorado Springs, Colorado, left notes saying the explosion was a stunt meant to be a “ wake up call ” for the nation’s troubles, officials said last week.He left cellphone notes saying he needed to “cleanse” his mind “of the brothers I’ve lost and relieve myself of the burden of the lives I took.”The explosion caused minor injuries to seven people but virtually no damage to the Trump International Hotel. Authorities said that Livelsberger acted alone.Livelsberger’s letters touched on political grievances, societal problems and domestic and international issues, including the war in Ukraine.

Subscribe to enjoy similar stories. At a Washington forum last month, a prominent Chinese economist raised doubts about Beijing’s economic management and said China’s economy might have grown at less than half the roughly 5% pace flaunted by authorities. When Xi Jinping found out, he was furious.

Subscribe to enjoy similar stories. During last year’s presidential campaign, Kamala Harris regularly posted on TikTok, encouraging voters to follow her on the platform, as did Joe Biden before he withdrew. Yet the Biden Justice Department is set to argue before the Supreme Court this week that the popular Chinese-owned social-media app, used monthly by around 170 million Americans, represents a grave threat to our national security.

Subscribe to enjoy similar stories. Even though there was a brief recovery on 7 January, markets still encountered notable selling pressure during attempts to bounce back, suggesting that bearish sentiments prevail. Interestingly, the volatility index (India VIX) decline indicates a reduction in participant anxiety.

Subscribe to enjoy similar stories. The Indian stock market closed flat on Tuesday, weighed down by weakness in IT and consumption stocks. The Nifty 50 index ended nearly unchanged at 23,707.90, while the BSE Sensex slipped 0.30% to close at 78,199.11.