Pakistan gets $3bn from Saudi Arabia as ‘support’ to shore up forex reserves as UAE debt looms Saudi Arabia has provided new financial help to Pakistan with an extra $3 billion deposit. It has also extended an existing $5 billion loan. This support is important for Pakistan as it struggles to meet its growing debt…
MUMBAI: Govt’s shift to drone-based land mapping has lifted rural credit flows, with sanctioned loan amounts rising 23% after residential plots were converted into verifiable collateral under the SVAMITVA scheme, according to an April 2026 working paper published by the economic advisory council to the Prime Minister.The move replaces informal land demarcation with legally recognised,…
Oil prices fell again on Wednesday, dropping for the second day in a row. This decline came as hopes for renewed talks between the US and Iran reduced worries about long-term supply issues. However, concerns about risks in the Strait of Hormuz still affect the market.Brent crude futures slipped 0.55% to $94.27 a barrel, after…
Soon after the US Supreme Court verdict, Trump announced a 10% universal tariff. (AI image) Will Donald Trump administration’s high reciprocal tariffs come back to haunt global economies? Treasury Secretary Scott Bessent on Tuesday indicated that Trump’s tariff measures could be reinstated by July, potentially returning to the levels that existed before the Supreme Court…
Stock market today (AI image) Stock market today: Sensex and Nifty50 rallied strongly in opening trade on Wednesday after optimism surrounding renewed US-Iran peace talks led oil prices to drop. While Nifty50 went above 24,200, BSE Sensex rose over 1,200 points. At 9:17 AM, Nifty50 was at around 24,223.45, up 381 points or 1.60%. BSE…
File photo (Picture credit: AP) Asian markets rose on Wednesday, following strong gains on Wall Street. Lower oil prices and renewed hopes for talks between the United States and Iran increased investor confidence.MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5% to a six-week high, while Japan’s Nikkei gained 1.2%, inching closer to its…
Mumbai: Gold loans have expanded fourfold since March 2022, and their share in the retail credit portfolio is now second only to housing loans at Rs 16.8 lakh crore. However, despite the growth the business is disproportionately concentrated in South India with three states accounting for over 50% of all gold loans.According to the Gold…
Bengaluru: Infosys has set its new AI strategy, “silicon to application,” in motion. The playbook aims to span the full AI ecosystem-from hardware to end-user applications-through targeted investments and partnerships across each layer.At the silicon layer, Infosys has partnered with Nvidia and Intel. “These partnerships matter most when clients need AI to run on their…
The twin headwinds of rising oil prices, fuelled by West Asia’s ongoing conflict, and a below-normal monsoon forecast for 2026, are putting India’s consumption-driven growth story under pressure. While sectors hit by the conflict have raised prices to offset costlier raw materials and freight, a below-normal monsoon would squeeze farm incomes and hurt rural demand,…
NEW DELHI: The Indian economy is seen to be relatively better placed to face the impact of the West Asia crisis, two global agencies said on Tuesday.The International Monetary Fund’s (IMF) latest World Economic Outlook revised upwards India’s growth projection for the current fiscal year to 6.5%, against 6.2% estimated earlier, citing the strong momentum…