US annual budget gap touches $2 trillion The US government spent nearly $2 trillion more than it collected in the 2026 fiscal year, widening its budget deficit to the higest in five years. Higher debt payments, tariff refunds and increased spending on social benefits and defence contributed to the rise.The shortfall increased by $217 billion…
Trump announced the waiver just days before several provisions of the legislation were due to take effect. In what is being seen as a big relief for India and China, US President Donald Trump has waived sanctions, restrictions and duties provided for under the Sanctioning Russia and Iran Act, citing the national interest of the…
He oversaw the turnaround, which included govt pumping in around Rs 25,000 crore between 2010 and 2020, as well insolvency law-driven clean-up NEW DELHI: Rakesh Sharma, the low-profile managing director and CEO of IDBI Bank, who will lead the transition at the once formidable development financial institution, will go down as one of the longest…
At Reliance, we have never feared competition, the company said New Delhi: Ahead of its Rs 30,213-crore Jio IPO, Mukesh Ambani’s Reliance Industries has rebutted Elon Musk’s tirade on X and said it welcomed competition.Last Wednesday, Musk had accused “certain oligarchs” of “blocking” Starlink’s entry into India before naming Ambani over the next two days…
Oil prices hold near $105 per barrel Oil prices fell slightly on Friday as investors weighed rising tensions in the Middle East against the possibility of the US easing restrictions on ships carrying oil from sanctioned countries. Brent crude stood at $105.40, a decline of 0.52% while WTI crude was trading at $97.31, down 66…
Top stocks to buy or sell today on October 16, 2026 Stock market recommendations: Aarti Industries, and Blue Star are the top stocks to buy today on October 16, 2026 as picked by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One. The analyst has also identified Craftsman Automation as a sell call. Below…
Tech Mahindra shares raced ahead of the BSE Sensex pack on Friday, sprinting over 8%, to add around Rs 11,000 crore to its market value. The blockbuster gains came after the IT firm reported a 32.74% jump in consolidated net profit for the September quarter. Tech Mahindra, along with other IT stocks helped domestic equity…
Mukesh Ambani owned Reliance responds to allegations involving Musk’s Starlink NEW DELHI: Reliance Industries has welcomed Elon Musk’s Starlink to India, saying it has never feared competition and that its own satellite services are also in the queue.The statement comes as a response to Musk’s repeated allegations that vested interests were obstructing Starlink’s entry into…
Beijing offers to address trade concerns with India after Sitharaman’s criticism China on Friday said it was ready to work with India to address their respective economic and trade concerns after finance minister Nirmala Sitharaman criticised Beijing’s restrictions on market access for Indian products, citing them as a major factor behind the widening trade deficit.“What…
The US Department of Energy has invited bids for an exchange of up to 17 million barrels as Washington seeks to ease pressure on oil supplies amid the Iran war. The United States is preparing to offer up to 17 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) as Washington steps up…
