China has intensified efforts to cement its dominance over rare earth metals as the United States moves to build a broad international coalition to secure critical mineral supply chains, official and media reports said.Chinese Premier Li Qiang this week visited Ganzhou in Jiangxi province — one of the world’s largest heavy rare earth production bases…
AI image (Picture credit: OpenAI via ChatGPT) For thousands of Indian professionals and the companies that seek to hire them, the upcoming H-1B season for fiscal (FY) 2027, may prove to be the most uncertain in the program’s history, where higher wages improve selection odds, a $100,000 entry fee deters overseas hiring, and US consulates…
Selling pressure in global technology stocks spilled over to Indian IT counters listed in the US on Thursday, with Infosys and Wipro ADRs declining sharply amid a broader risk-off mood and concerns over interest rate outlook and AI-driven disruption in the sector.Infosys’ American Depositary Receipts (ADRs) fell more than 7 per cent to an intraday…
CBIC Chairman Vivek Chaturvedi (File photo- ANI) The Central Board of Indirect Taxes and Customs (CBIC) is set to introduce the proposed Eligible Manufacturer-Importer (EMI) scheme by March 1, with a draft framework expected to be released in five to six days for stakeholder consultation, a top official said on Thursday.Addressing a media interaction in…
Valentine Day 2026: Love is getting costlier this Valentine’s season with red roses -the quintessential symbol of romance – selling for as high as Rs 100 per piece in Shimla markets amid strong seasonal demand linked to Valentine’s Day and the ongoing wedding season.During the off-season, red roses typically retail between Rs 20 and Rs…
Chief Economic Advisor V Anantha Nageswaran (ANI) Chief Economic Advisor V Anantha Nageswaran on Thursday said the new Consumer Price Index (CPI) series will improve the quality of data used in formulating monetary and fiscal policies, as it better reflects current consumption patterns and economic conditions.The National Statistics Office (NSO) under the Ministry of Statistics…
US tax refund tracker: US taxpayers can track their income tax refund status using the Internal Revenue Service’s (IRS) “Where’s My Refund” tool, which provides near real-time updates on refund processing stages, expected timelines and payment status.According to information available on the IRS website, refund status generally becomes visible within 24 hours after e-filing a…
Benchmark equity indices ended lower on Thursday, dragged down by a sharp sell-off in technology stocks amid global uncertainty and concerns around AI-led disruption in IT services. The 30-share BSE Sensex declined 558.72 points, or 0.66 per cent, to settle at 83,674.92. During the session, it tanked 716.97 points, or 0.85 per cent, to hit…
Gold prices traded mixed in futures trade on Thursday with near-term contracts witnessing mild profit booking while longer-dated contracts remained supported amid firm global cues.As of 15:22 pm, gold futures for April delivery on the Multi Commodity Exchange (MCX) were trading at Rs 1,58,360 per 10 grams, down Rs 395 or 0.25 per cent. The…
The Indian rupee gained 38 paise against the US dollar in early Thursday trading, reaching 90.40. This rise came from foreign investments and likely support from the Reserve Bank of India (RBI). The currency market saw good liquidity and positive sentiment despite ongoing global tensions and oil price concerns.The rupee opened at 90.55 and quickly…
