Business

Technology stocks, particularly companies viewed as richly valued, remain under pressure. US stock market today: US equities traded in negative on Wednesday as investors awaited the outcome of the Federal Reserve’s latest policy meeting on interest rates. Meanwhile, oil prices climbed sharply.S&P 500 edged down 0.73%. The Dow Jones Industrial Average lost over 700 points,…

Maharashtra has emerged as the largest contributor to states’ tax revenue in recent years since the implementation of the Goods and Services Tax (GST), supported by its high domestic consumption and large services sector, according to a report by India Ratings and Research (Ind-Ra).The rating agency said GST has strengthened state governments’ tax collections and…

India’s electronics manufacturing sector has seen a major expansion over the last decade, with mobile phone exports recording a 165-fold increase between 2014-15 and 2025-26, the government said in Parliament on Wednesday.Mobile phone exports, which stood at around Rs 1,500 crore in 2014-15, have now reached approximately Rs 2.59 lakh crore in 2025-26, according to…

The year’s deadlines, late nights and endless to-do lists all lead to one prized moment — appraisal season. The big question: who gets the biggest slice of the payday pie?Salary hikes may not be hitting double digits across the board next year, but for professionals in electric vehicles, fintech, healthcare and engineering, the pay outlook…

State-owned fuel retailers in India are expected to increase purchases of US LPG from 2027. India’s largest refiner, Indian Oil Corporation (IOC), is planning to acquire a 50% stake in very large gas carriers (VLGCs). The move comes amid preparation to step up imports of liquefied petroleum gas (LPG) from the United States, according to…

A screen shows the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange in Seoul, South Korea, Wednesday, July 29, 2026. (AP Photo) South Korea’s benchmark Kospi index plunged 6% on Wednesday, dragged down by a sharp selloff in chipmakers after SK Hynix reported quarterly earnings that, despite surging nearly sixfold from a year…

With IT services stocks having borne the brunt of concerns surrounding artificial intelligence, Jefferies believes the cooling of the AI trade could open the door for a tactical rebound in the sector. Indian IT sector stocks after declining for the most part of this year have been rallying strongly over the last few sessions. They…

The spotlight this week is firmly on today’s FOMC policy decision, which is expected to set the tone for gold’s next major move. Gold price prediction today: Both gold and silver prices are expected to be volatile this week ahead of the US Federal Reserve’s policy, says Vedika Narvekar, Research Analyst – Commodities & Currencies,…

Rupee extended its rally for the fourth consecutive session on Wednesday, gaining 5 paise to trade at 95.77 against the US dollar, supported by a softer dollar and lower crude oil prices.The currency also drew strength from improved sentiment in domestic equities, with foreign institutional investors turning buyers in Indian stocks, forex traders said.At the…