The United States Court of International Trade on May 7 delivered another setback to Donald Trump’s tariff strategy, striking down the 10% global duties imposed under Section 122 of the Trade Act of 1974. The 10% tariffs were imposed by the Trump administration after the US Supreme Court blocked the “Liberation Day tariffs”, which had…
The world’s busiest oil supply passage is in a chokehold, and the ripple effects are being felt across nearly every corner of the globe. The pressure is already showing up everywhere: at petrol stations, in grocery bills, and along global trade routes. The conflict, which has continued to intensify since February 28, has already pushed…
Top stocks to buy (AI image) Stock market recommendations: NLC India, and Sammaan Capital have been chosen by Bajaj Broking Research as the top stocks to buy on May 8, 2026, with a 1-month target horizon.NLC IndiaBuy in the range of ₹ 322.00-330.00 Target Return STOPLOSS Time Period ₹ 358 10% 299 1 Month The…
New Delhi: Bharat Petroleum Corporation Ltd (BPCL) on Thursday said the Mozambique LNG project has achieved 42% completion following resumption of work after force majeure condition was lifted in Nov 2025.Located in Offshore Area 1 Concession in Mozambique and operated by French energy giant TotalEnergies, an investment of around $20 billion is estimated for the…
Telecom regulator Trai on Thursday proposed a stronger consumer grievance redressal framework for telecom operators, including penalties of up to Rs 50 lakh per quarter for improper handling or disposal of customer complaints, PTI reported.The proposed Telecom Consumers Complaint Redressal (Fourth Amendment) Regulation, 2026 aims to make complaint registration and tracking more transparent and accessible…
Markets regulator Sebi on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers with immediate effect saying the system had become redundant due to stronger cyber security, disaster recovery and business continuity mechanisms in the securities market, PTI reported.The IRRA platform, launched on October 1, 2023, was introduced to provide brokers with…
Between October 2025 to March 2026, RBI has brought home 104.2 metric tonnes of gold. (AI image) Your grandparents and parents may have often told you to buy gold to tide over any financial crisis – but, guess what? Central banks around the world are doing exactly that! India ranks among the top 10 countries…
The statistics ministry on Thursday issued uniform guidelines for calculating Gross State Domestic Product (GSDP) with 2022-23 as the revised base year, aiming to bring greater consistency and comparability in measuring economic performance across states and Union Territories, PTI reported.The Ministry of Statistics and Programme Implementation (MoSPI) said the move follows the revision of the…
US stock markets hovered near record highs on Thursday as oil prices extended losses amid rising optimism over a possible agreement between the United States and Iran that could reopen the Strait of Hormuz and restore crude shipments from the Persian Gulf, AP reported.The S&P 500 added 0.1 per cent, extending gains after hitting an…
Applications for unemployment benefits in the United States rose last week but continued to remain at historically low levels despite inflationary pressures and broader economic headwinds, AP reported. The US Labor Department said on Thursday that initial jobless claims increased by 10,000 to 200,000 for the week ending May 2. The figure was lower than…