The US economy expanded at a markedly slower pace in the final quarter of 2025 than previously estimated, according to government data released on Friday, as consumer demand and public spending turned out weaker than earlier projected.The Commerce Department said gross domestic product (GDP) grew at an annual rate of 0.7 per cent in the…
NEW DELHI: US envoy to India Sergio Gor on Friday expressed concern over rising tensions at the Strait of Hormuz, asserting that India is “vital partner” for the United States in helping keep global oil prices stable as the Middle East conflict intensifies.Speaking at the India Today Conclave, Gor said, “Today we’re in a situation…
India’s manufacturing sector is on high alert as the war involving Iran threatens to disrupt key maritime routes used for global trade. (AI image) US-Iran war impact: The ripple effects of the ongoing Middle East tensions, LPG supply issues, rising oil prices and closure of Strait of Hormuz are being felt across industries in India….
US President Donald Trump has long boasted about keeping gasoline prices low in the United States during his tenure. Last month, during his State of the Union address, he highlighted falling petrol prices as a sign of the country’s economic strength.That stance now appears to be shifting. Earlier this week, Trump struck a more positive…
NEW DELHI: India on Friday denied reports that it was holding off bilateral engagement or delaying a trade deal with the United States, saying discussions between the two countries are continuing for a “mutually beneficial agreement.” “We have noted a media report regarding ongoing trade talks with the US. It is denied that there is…
Escalating tensions in West Asia are casting a shadow over global technology networks, with experts warning that threats by Iranian forces to target US-linked digital infrastructure in the Gulf could expose billions of dollars of investments to conflict-related risks.On Wednesday, Iranian forces warned they could strike facilities linked to major technology companies including Google, Microsoft,…
Gold prices slipped by Rs 992 to close at Rs 1.59 lakh per 10 grams in futures trade on Friday, following a weaker trend in international markets and a firmer US dollar. On the Multi Commodity Exchange, April gold contracts fell 0.62%, or Rs 992, to Rs 1,59,279 per 10 grams, with 7,891 lots changing…
The Centre is setting up a Rs 1 lakh crore Economic Stabilisation Fund to strengthen its ability to manage external disruptions and maintain fiscal stability, finance minister Nirmala Sitharaman said on Friday.Intervening in the Lok Sabha during the debate on the second batch of supplementary demands for grants, she said the proposed fund is designed…
India’s information technology stocks is on track to record its eighth straight week of losses, a slide that has erased nearly Rs 7.7 lakh crore in market value. Investors are now grappling with a crucial question: does this slide mark the ultimate fall of IT shares, or is it a golden buying opportunity in disguise?The…
The United States has temporarily permitted the sale of Russian oil already in transit, according to a treasury department notice issued on Friday. This comes as energy prices surged following US-Israeli strikes on Iran that pushed the Middle East into war.The treasury granted a license allowing transactions involving Russian crude oil and petroleum products loaded…
