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A Joby Aviation electric vertical take-off and landing (eVTOL) aircraft

NEW DELHI: India’s gross Goods and Services Tax (GST) revenue

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India’s foreign exchange reserves rose by $2.703 billion to $698.192 billion during the week ended July 25, according to the Reserve Bank of India’s latest data released on Friday.This increase

A Joby Aviation electric vertical take-off and landing (eVTOL) aircraft during an event at Edwards Air Force Base in Edwards, California, US, on Monday, Sept. 25, 2023. Air taxi start-up

NEW DELHI: India’s gross Goods and Services Tax (GST) revenue rose 7.5% year-on-year to Rs 1.96 lakh crore in July, according to data released by the finance ministry on Thursday.In

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The Karnataka Labour Minister, Santosh Lad, announced on Thursday that his department has sought clarification from TCS amid their plans to cut 12,000 employees from their workforce.“We got information that

India’s manufacturing sector achieved a 16-month peak of 59.1 in July, driven by increased orders and output amidst positive market conditions, according to a Friday survey report.The HSBC India Manufacturing

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India’s foreign exchange reserves rose by $2.703 billion to $698.192 billion during the week ended July 25, according to the Reserve Bank of India’s latest data released on Friday.This increase

NEW DELHI: India’s gross Goods and Services Tax (GST) revenue rose 7.5% year-on-year to Rs 1.96 lakh crore in July, according to data released by the finance ministry on Thursday.In

India’s manufacturing sector achieved a 16-month peak of 59.1 in July, driven by increased orders and output amidst positive market conditions, according to a Friday survey report.The HSBC India Manufacturing

It’s raining NFOs in the monsoon. At least 10 new mutual fund schemes are slated for launch this month. (AI image) Mumbai: It’s raining NFOs in the monsoon. At least

Pityush Goyal (File photo) NEW DELHI: Amid Donald Trump’s offensive, the government on Thursday dug its heels in on trade, saying it will not compromise on the interests of farmers.Commerce

The Trump administration has sanctioned six Indian companies for their “significant” sales and purchases of Iranian-origin petrochemical products.“The Iranian regime continues to fuel conflict in Middle East to fund its

US stock market today: Wall street edge up & yields spike; S&P 500 hits fresh record after job data

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US stock market today: Wall street edge up & yields spike; S&P 500 hits fresh record after job data

US stocks inched higher on Thursday and Treasury yields surged after stronger-than-expected jobs data tempered expectations of a rate cut in July, pushing the S&P 500 to its fourth all-time high in five trading days.The S&P 500 rose 0.3%, continuing its record-breaking run, while the Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average added 88 points. The bond market saw a sharper reaction, with Treasury yields jumping after traders dialled back bets on an imminent rate cut by the Federal Reserve, AP reported.The market rally came after the latest US jobs report showed surprising strength in the labour market. The data prompted investors to reassess the likelihood of a July rate cut, which many had priced in before the release.Earlier in the day, US stock futures were flat ahead of the report, as Wall Street awaited fresh cues on employment. Economists had forecast that unemployment could tick up to 4.3% in June — the highest since October 2021 — amid headwinds from President Donald Trump’s trade tariffs, hiring freezes, and immigration policies.Also Read | US labour market data: Jobless claims drop to 233,000 as layoffs stay low; total unemployment rolls hold near 2 millionWhile the job market remains historically strong, there are signs of strain. Many employers are grappling with the impact of tariffs, which raise costs and reduce competitiveness. Several of Trump’s proposed import taxes are currently paused but set to take effect next week, potentially affecting hiring and inflation further unless trade deals are struck.In global markets, Europe saw modest gains, with Germany’s DAX and France’s CAC 40 each adding 0.1%, and Britain’s FTSE 100 rising 0.4%.Asian markets posted mixed results. Japan’s Nikkei 225 rose 0.1% to 39,785.90, while South Korea’s Kospi gained 1.3%. Hong Kong’s Hang Seng slipped 0.6%, and Australia’s ASX 200 edged down 0.1%. Taiwan’s TAIEX added 1.3%, India’s Sensex rose 0.2%, and Vietnam’s VN Index slipped 0.2%.In commodities, US crude fell 14 cents to $67.31, while Brent dropped 21 cents to $68.90. In currency trade, the dollar strengthened to 143.85 yen from 143.65 yen. The euro inched up to $1.1793.Markets in the US will remain closed on Friday for the July 4 holiday.





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