Business

US stock markets hovered near record highs on Tuesday as investors weighed mixed earnings and trade policy signals, with General Motors flagging a $4–5 billion tariff hit for 2025, while homebuilders surged on better-than-expected second-quarter profits.The S&P 500 was little changed after reaching a fresh record on Monday. The Dow Jones Industrial Average rose 27…

AI-generated image used for representation NEW DELHI: Ahead of Prime Minister Narendra Modi’s visit to the United Kingdom, foreign secretary Vikram Misri on Tuesday addressed questions about growing Western pressure on India over buying Russian oil. He made it clear that India’s energy needs come first.Misri said, “…We have been very clear that insofar as…

India has emerged as a relatively safe haven among emerging markets amid ongoing global trade uncertainties, according to a recent report by JP Morgan.The financial major said India is benefiting from a combination of falling inflation, improved system liquidity, and reduced government borrowing—factors that are expected to support economic expansion, ANI reported. “India: Falling inflation,…

Short-term investors are leaning towards ICICI Bank in the private banking space, thanks to its solid June quarter results. With strong profit growth and steady margins, ICICI is currently edging out rival HDFC Bank in investor preference.HDFC Bank is currently dealing with various post-merger issues, notably an elevated credit-deposit (CD) ratio, which has affected investor…

Senior citizens looking for higher returns on their fixed deposits (FDs) can still earn up to 8.5% interest on three-year tenures, as several small finance banks continue to offer elevated rates. However, investors should be aware of tax implications like TDS and how to avoid it using Form 15H.As per data from Paisabazaar.com, as reported…

Jammu and Kashmir Chief Minister Omar Abdullah has urged the Centre to clear two long-pending water infrastructure projects—the Tulbul Navigation Barrage in north Kashmir and a Chenab River water-lifting scheme for Jammu—after New Delhi suspended the 1960 Indus Waters Treaty (IWT) in response to Pakistan-aided terrorism.The Centre’s move came in the wake of the April…