Business

Wall Street’s major indexes traded mixed to lower on Wednesday as investors grappled with a continued selloff in technology stocks, rising geopolitical tensions in the Middle East, and expectations that the Federal Reserve could keep interest rates elevated for longer.The S&P 500 was nearly flat after recovering from an early decline, while the Dow Jones…

Equity mutual funds saw a sharp slowdown in inflows in May, falling to their lowest level in a year as geopolitical tensions in West Asia, rising crude oil prices and market volatility weighed on investor sentiment, according to data released by the Association of Mutual Funds in India (AMFI).Net inflows into equity schemes stood at…

US inflation climbed to a fresh three-year high in May, driven largely by rising energy prices linked to global supply disruptions following the Iran conflict, according to official data released on Wednesday.The Consumer Price Index (CPI) rose 4.2% in May compared to a year earlier, up from 3.8% in April, the US labour department said.It…

The Union cabinet on Tuesday approved Phase 2A of the Ahmedabad Metro Rail Project, a 6.032-km corridor connecting Koteshwar Road to Ahmedabad Airport.The project, approved by the Cabinet chaired by Prime Minister Narendra Modi, will be built at a total cost of Rs 2,169.04 crore, including interest during construction (IDC).The new corridor will have five…

Benchmark equity indices gave up most of their intraday gains on Wednesday, with the Sensex ending marginally higher and the Nifty closing in the red as renewed hostilities between the United States and Iran dampened investor sentiment.The 30-share BSE Sensex rose 64.42 points, or 0.09%, to settle at 73,983.18.The index had surged as much as…

“Indian equity markets are expected to open on a cautious negative note, with Gift Nifty trading at 23250, down by 100 points, as Asia-Pacific markets traded lower following weakness in US technology stocks and escalating geopolitical tensions after U.S. strikes on Iran after an Apache helicopter incidentIn the previous session, the Nifty 50 rebounded by…

Manoj Kumar Jain of Prithvi Finmart told ET that gold is expected to find support in the $4,220-$4,174 per troy ounce range, while resistance levels are placed between $4,340 and $4,385 per troy ounce. For silver, he identified support at $61.20-$59.10 per troy ounce and resistance in the $67.70-$70.00 range. In the domestic market, Jain…

Chinese investors are seeking indirect ways to gain exposure to SpaceX’s highly anticipated initial public offering (IPO), after being excluded from direct participation in what could become the world’s largest listing.The surge in interest around Elon Musk’s rocket and satellite internet company has triggered strong fear of missing out (FOMO) among mainland investors. With direct…

Missing a single document can lead to reporting errors, which in turn can result in income tax notices or even delayed refunds. (AI image) ITR filing AY 2026-27: Before you open the tax filing portal to file your income tax return, it’s important to keep all the necessary documents handy. Having all the requisite documents…

A few days ago it was reported that Japan has suspended imports of fresh mangoes from the country for the current season. (AI image) In a fresh blow to India’s mango exports, Nepal has now imposed restrictions on mango imports from India, citing concerns over excessive pesticide residues in the fruit and the absence of…