Business

JPMorgan Chase on Monday unveiled a $1.5 trillion plan to bolster key US industries, including rare minerals, shipbuilding, and nuclear energy, in a move it described as critical for national security and economic resilience.The US banking giant, which manages assets of about $3.8 trillion, said it would deploy direct equity and venture capital investments of…

NEW DELHI: The National Highways Authority of India (NHAI) will soon undertake detailed studies to assess the most suitable options — hill-cutting, viaducts or tunnels — for executing highway projects in hill states.The decision was made at a brainstorming session held last week on strengthening quality control in highway construction. Sources said some experts pointed…

In a move aimed at strengthening regional trade and payment systems, the Reserve Bank of India (RBI) on Monday allowed Indian banks and their overseas branches to extend rupee-denominated loans to persons residing in Bhutan, Nepal, and Sri Lanka.The RBI said the step was taken to facilitate cross-border trade transactions and is part of its…

In a major reform aimed at improving ease of access and flexibility for over seven crore subscribers, the Employees’ Provident Fund Organisation (EPFO) board on Monday approved liberalised partial withdrawal rules, allowing members to withdraw up to 100 per cent of their EPF balance.The Central Board of Trustees (CBT), headed by Labour Minister Mansukh Mandaviya,…

US stocks rebounded on Monday after President Donald Trump signalled a softer approach on China, easing market fears of escalating tariffs and a potential trade clash.The S&P 500 rose 1.1%, recovering nearly half of its steep decline on Friday, which had marked its worst drop since April. The Dow Jones Industrial Average gained 413 points,…

HCL Technologies on Monday reported a flat consolidated net profit of Rs 4,235 crore for the quarter ended September 30, 2025.On a sequential basis, the IT giant’s net profit rose 10.2 per cent compared to Rs 3,843 crore recorded in the June quarter, PTI reported.The company’s consolidated revenue increased 10.6 per cent year-on-year to Rs…

India’s silver market has witnessed unprecedented momentum this year, with domestic prices soaring 53 per cent so far in 2025, significantly outperforming gold, which has risen nearly 49 per cent, according to market observers. The surge has also triggered a spike in investment inflows into silver exchange-traded funds (ETFs), reportedly tripling those into gold ETFs,…

Despite muted returns from the Nifty over the past year, Systematic Investment Plan (SIP) inflows have remained strong, reflecting growing maturity among retail investors, Anand Vardarajan of Tata Asset Management told ET.The SIP contribution in September saw held steady at around Rs 30,000 crore, slightly lower than August’s Rs 33,000 crore, which Vardarajan attributes to…

Gold may be synonymous with festivals and weddings in India, but this season the metal’s dazzling rise has kept many buyers away. Even as shopfronts sparkle with festive offers, record-high prices have dulled demand for the yellow metal.On October 7, gold futures on the Multi Commodity Exchange (MCX) scaled Rs 1,21,111 per 10 g, marking…

At the Tata Trusts meeting on September 11, Noel Tata and Venu Srinivasan put forward the proposal for Chandrasekaran’s third five-year executive term. N Chandrasekaran has received approval from Tata Trusts for a third executive term as chairman of Tata Sons, marking an unprecedented departure from the group’s retirement policy. His second term concludes in…