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Asian markets traded in red on Friday as investors reacted to a sharp drop on Wall Street.Hong Kong’s HSI dipped 301 points or 1.11% to 26,771. Nikkei also fell 847 points or 1.65% to reach 50,434 at 8:45 AM IST. Shanghai and Shenzhen also traded in red, falling 0.13% and 1.07%, respectively. In South Korea,…
Former grocery store chain owner Ravi Prasad Reddy of Hebbagodi, arrested on charges of murdering two friends, had become a vegetable vendor. BENGALURU: Former grocery store chain owner Ravi Prasad Reddy of Hebbagodi, arrested on charges of murdering two friends, had become a vegetable vendor after incurring a loss of around Rs 5 crore during…
Team India at Hong Kong Sixes NEW DELHI: India’s campaign at the Hong Kong Sixes came to a disappointing end on Saturday as they suffered three consecutive defeats, crashing out of the main competition. While Pakistan and Australia marched confidently into the semifinals, India’s erratic form saw them drop into the ‘Bowl’ stage and eventually…
Asian stock markets slipped on Friday as tracking Wall Street losses, as a weak stream of US economic data and uncertainty over future interest rate moves weighed down investor confidence.Hong Kong’s HSI dipped 241 points to 26,244. Kospi reached 3,929, falling 96 points or 2.4%. Japan’s Nikkei also fell 1.7% or 905 points. Shenzhen, meanwhile,…
Prime Minister Narendra Modi delivered a pointed message to critics who had written off Team India after their early setbacks in the World Cup.PM Modi took a jibe at the critics who had lambasted the Harmanpreet Kaur-led side after they lost three consecutive games in the league stage. World Cup winners arrive in Delhi: India…
Mumbai: A State Bank of India research report has called for a long-term national gold policy that defines gold’s role, as money or as a commodity, and aligns it with broader financial reforms. The report said such a framework should link to India’s plans for capital account convertibility and encourage investment through the monetisation of…
The diversification strategy that India adopted after the US imposed a steep 50% tariff on Indian goods, is beginning to yield early gains.With exporters suddenly facing the higher duty, introduced in two phases: 25% from 7 August and doubled to 50% from 25 August, many have turned towards alternative markets across Asia, Europe and the…
In a major step towards restructuring its operations, Eastern Coalfields Ltd (ECL) has reopened two previously closed mines under the Mine Developer and Operator (MDO) revenue-sharing model. The move, inaugurated virtually by Union Coal Minister G Kishan Reddy on Saturday, marks a strategic shift aimed at reviving loss-making assets and improving operational efficiency, PTI reported…
America is running out of pennies, quite literally! The US is facing a nationwide shortage of pennies, months after President Donald Trump halted production of the one-cent coin without introducing a transition plan. The decision, which came as a cost-saving measure, is now impacting the country’s commerce. In many shops and banks, staff are struggling…
Intel is back in profit. The chip giant snapped its losing streak of six straight quarterly losses and returned to profitability in the third quarter. The American chipmaker posted strong revenue, noting robust demand for chips that it expects to continue into 2026. This is Intel’s first earnings report since the Donlad Trump administration acquired…
