India’s highly anticipated first human spaceflight mission under the Gaganyaan programme is scheduled for the first quarter of 2027. This would be a historic occasion in India’s entry into space exploration and will go a long way in increasing the country’s prestige for being among the select list of nations capable of sending humans to…
President Trump’s tariffs have roiled financial markets and upended global trading patterns. Now they are disrupting measures of economic growth as well. U.S. gross domestic product, adjusted for inflation, declined at an 0.3 percent annual rate in the first three months of the year, the Commerce Department said Wednesday. It was, on the surface, a…
NEW DELHI: Mukesh Ambani-led Reliance Industries on Friday reported a 2.4% rise in its net profit to Rs 19,407 crore for the quarter ending in March, driven by strong performance in retail operations and resilient oil sector results despite global market challenges.The company’s consolidated net profit reached Rs 19,407 crore, equivalent to Rs 14.34 per…
NEW DELHI: State-owned Ireda on Tuesday reported a 49 per cent rise in its standalone profit after tax to Rs 502 crore in the quarter ended March 31, 2025. Its revenue from operations rose 37 per cent year-on-year (YoY) to Rs 1,904 crore in the fourth quarter, the company said in a statement. For FY25,…
NEW DELHI: India has seen strong goods and services trade momentum in the Dec quarter, a report by UN body Unctad has said but cautioned that global trade could be hit by the policy shifts in the US and trade and geopolitical tensions.Besides, it has pointed to high duties faced by developing countries, limiting market…
NEW DELHI: Bank credit and deposit growth slowed in the October-December quarter of 2024, according to data released by the Reserve Bank of India. In December 2024, the annual bank credit growth fell to 11.8 per cent, against the 12.6 per cent recorded in September 2024. Similarly, aggregate deposit growth eased to 11 per cent…
NEW DELHI: The unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the October-December quarter, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the December quarter…
Paytm aims to achieve profitability in the next quarter, with a focus on digital transactions. Founder Vijay Shekhar Sharma assures that growth will come from the payment business and lending, despite past regulatory challenges. Upgraded processes and compliance are in place, with continued efforts to engage and retain a large customer base. NEW DELHI: With…
JPMorgan‘s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts. Earnings per share rose to $4.81 from $3.04 a year ago. The result beat Wall Street profit projections of $4.09 a share, according to the data firm FactSet. Total managed…
NEW ORLEANS: The man responsible for the truck attack in New Orleans on New Year’s Day that killed 14 people visited the city twice before and recorded video of the French Quarter with hands-free glasses, an FBI official said Sunday. Shamsud-Din Jabbar, a U.S. citizen from Houston, also traveled to Cairo, Egypt, as well as…