RIl Q4 FY26 results: Mukesh Ambani-led Reliance Industries reported a decline in its consolidated net profit for the fourth quarter of 2025–26, even as revenue registered year-on-year increase. The dip came amid the ongoing Middle East crisis, which has choked the firm’s primary oil and chemicals business, offsetting gains in consumer-facing telecom and retail units….
If a weaker monsoon impacts the output of crops, then higher food prices will feed quickly into inflation, a risk that is too real to be ignored. (AI image) India, backed by its strong domestic growth story, is the world’s fastest growing major economy. Which is not to say it is without its vulnerabilities. The…
Wall Street traded mostly in green on Friday, lifted by strong results from Intel and growing hopes of possible talks between the United States and Iran over the weekend. Around 8:35 pm IST, Nasdaq was up 1% or 248 points to 24,686. S&P 500 was up 29 points or 0.41% to trade at 7,137. Dow…
Intel share price soared sharply on Friday after the chipmaker delivered a first-quarter performance that exceeded market expectations. And the win was not just for the chipmaker, but also the whole of US!The stock climbed 26.7% during trading on Friday, marking what could be its strongest single-day gain since 1987. Momentum continued after the closing…
TOI Correspondent from Washington: A new doctrine is quietly reshaping America’s technology-industrial complex, recasting Silicon Valley from a playground of consumer apps into an arsenal of strategic hardware. Dubbed “patriotic tech,” the movement argues that technology firms have a moral and national duty to align with the state – particularly in its intensifying rivalry with…
The Reserve Bank of India cancelled the banking licence of Paytm Payments Bank Limited, on Friday, ceasing its operations as a bank, effective from April 24. “The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective…
Rupee fell almost 5% in 2025, and has continued to weaken since then, even touching a new record low this year. However, the currency is falling not only in terms of comparision against the greenback but also against other currencies.Rupee has dropped to its weakest level in more than a decade, as compared to its…
India’s foreign exchange reserves rose by $2.362 billion to $703.308 billion in the week ended April 17, the Reserve Bank of India (RBI) said on Friday. This comes after the kitty had already gained $3.825 billion in the previous week, when the reserves stood at $700.946 billion.The reserves had earlier touched a record high of…
Indian equities are facing a more cautious outlook, with JPMorgan cutting its rating on the market to neutral from overweight. The brokerage warned that the Nifty 50 could drop to 20,500 in a worst-case scenario, which would mean a fall of around 15% from current levels. It stated that high valuations and uncertainty linked to…
India-US trade deal: India and the United States have agreed to continue their engagement on a proposed trade agreement, with the government confirming on Friday that the latest round of discussions between officials from both countries wrapped up on April 23 after three days of talks.On February 7, the two countries had issued a joint…