Business

US stock market today: Wall street rally after announcement of Israel-Iran ceasefire, Oil prices drop sharply

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Oil prices plummeted and global stocks surged following President Trump’s announcement of a ceasefire between Israel and Iran, alleviating concerns about disruptions to global crude ...

Powell resists Trump pressure: Fed chair tells House panel ‘we are well positioned to wait’, says more economic clarity needed

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Federal Reserve Chair Jerome Powell indicated the central bank’s intent to hold steady on interest rates, prioritizing further economic data analysis before contemplating any reductions. ...

‘Duopoly not good’: Telecom minister pushes for competition; Scindia says Moore’s law must apply to data pricing in India

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Telecom Minister Jyotiraditya Scindia emphasized the need for robust competition in the telecom sector, stating that a duopoly is unhealthy. Guidelines for delicensing 6 GHz ...

Bitcoin surges past $105,000, Ethereum jumps 8% and altcoins rally; traders eye Powell’s speech for next leg up

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Bitcoin soared past $105,000, fueled by eased geopolitical tensions following a ceasefire agreement and significant inflows into spot ETFs. Altcoins also surged, with Solana, Sui, ...

ACME Solar marks dual milestone- 300 MW in Rajasthan, 50 MW in Gujarat; clean energy base expands

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ACME Solar Holdings has fully commissioned its 300 MW Sikar Solar Project in Rajasthan, boosting its operational renewable energy capacity to 2,890 MW. Located in ...

Walmart $10bn sourcing goal on track, says CEO McMillon; aims to strengthens India ties with export and digital push

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Walmart aims to source $10 billion in goods annually from India by 2027, according to CEO Doug McMillon during his recent visit. The company is ...

Record investment! Adani Group to put $15-20 billion across businesses over 5 years; Gautam Adani says ‘in face of storms never backed down’

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Gautam Adani announced a $15-20 billion investment plan over the next five years, aiming to fuel the Adani Group’s growth across its diverse infrastructure portfolio. ...

Indian Railways hikes fares of passenger trains; minor increase in ticket prices effective from July 1, 2025 – check details

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Indian Railways is set to hike passenger train fares for the first time in several years. The minor increase in fares will be effective from ...

Gold rate today: Gold prices drop below Rs 97,000 per 10 grams after Iran-Israel ceasefire – what’s the outlook?

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Gold prices plummeted on MCX after a reported ceasefire announcement between Iran and Israel, with August futures dropping by approximately 3% to Rs 96,422/10 grams. ...

‘Will pay for his incompetence for years…’: Donald Trump hits out at US Fed Chair Jerome Powell; calls him ‘dumb, hardheaded person’

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US President Donald Trump has intensified his criticism of Fed Chairman Jerome Powell, labeling him ‘incompetent’ for not lowering interest rates. Despite economists’ fears, inflation ...