Business

Gold prices extended their decline for the third straight week, pressured by a stronger US dollar and cautious remarks from Federal Reserve officials that curbed investor appetite for safe-haven assets, analysts said.The sustained firmness in the greenback and the US central bank’s wait-and-watch stance have kept bullion trading in a narrow range through the holiday-shortened…

Pfizer is poised to acquire US-based biotechnology firm Metsera in a $10 billion deal, after winning a heated bidding battle against Danish drugmaker Novo Nordisk, which has now withdrawn from the race, AFP reported.Metsera, which specialises in obesity treatments, said in a statement that Pfizer’s improved offer of $86.25 per share had been unanimously approved…

Several startups from Singapore and Canada have expressed interest in expanding into India, drawn by its vast consumer base, rapid economic growth, and increasingly supportive startup ecosystem.The companies shared their plans during interactions with PTI on the sidelines of EPIC 2025, a global pitch competition organised by the Hong Kong Science and Technology Parks Corporation…

Representative image (Picture credit: ANI) India’s data centre industry is on track for a major expansion, with total capacity projected to jump five times to 8GW by 2030, according to a sectoral report by Jefferies. The growth is expected to be driven by the surge in data consumption, rapid cloud adoption, regulatory data localisation rules,…

India should widen its collaboration with friendly countries to strengthen its capabilities in rare-earth material development, industry experts said at the CII Conference on Building Resilient Rare Earth Metal (REM) Supply Chains Through Technology Localisation held in Chennai on Friday.According to news agency ANI, R Saravanabhavan, deputy adviser (minerals) at Niti Aayog, said that India’s…

File photo: Union minister Piyush Goyal with New Zealand’s minister for trade Todd McClay (Picture credit: X/@PiyushGoyal) The fourth round of negotiations on the proposed India–New Zealand Free Trade Agreement (FTA) concluded successfully in Auckland and Rotorua after five days of discussions, according to a press release from the ministry of commerce and industry. Both…

File photo: State Bank of India Chairman CS Setty (Picture credit: ANI) State Bank of India (SBI) is targeting a place among the world’s top 10 most valued banks by 2030, a day after crossing the Rs 100 lakh crore business mark. Chairman CS Setty said the country’s largest lender by market capitalisation now aims…

More than 1,000 flights were cancelled across the United States on Friday after the Trump administration ordered reductions to ease strain on air traffic controllers working without pay amid a federal govt shutdown. Forty airports were slated for cuts, including major hubs in Atlanta, Newark, Denver, Chicago, Houston and Los Angeles.The flight reductions took effect…

Representative image (Picture credit: AP) The Nasdaq Composite ended slightly lower on Friday but posted its sharpest weekly loss since early April, as investors questioned how long the artificial intelligence boom could sustain recent market highs. The index slipped 0.21% to 23,004.54, bringing its total weekly fall to around 3%, while chipmakers and technology shares…

Mobile users will soon start seeing the names of unknown callers displayed on their phone screens, as telecom operators have begun testing the Calling Name Presentation (CNAP) service in Haryana and Himachal Pradesh. The feature aims to help users identify callers more easily and curb the rising number of spam and scam calls across the…