Page 57 - Reuters

Wall Street indexes flat; Fed Chair Jerome Powell flags challenges

Investors are hoping for further reductions to sustain the rally that has allowed Wall Street to scale new highs in September, defying historical trends

Trump scraps meeting with Democrats, raising government shutdown risk

"I have decided that no meeting with their congressional Leaders could possibly be productive," Trump wrote in a post on his Truth social media site

Trump tells UN that climate change is 'greatest con job' globally

Scientists say climate change is real, mostly caused by humans, and getting worse. They point to rising temperatures, stronger storms, and melting ice as clear signs

Trump's $100,000 H-1B fee spurs offshoring talks, hiring turmoil at firms

About 141,000 new applications for H-1B were approved in 2024, according to Pew Research

Marco Rubio cites progress in ongoing US, India trade talks this week

India's trade minister had been scheduled to visit Washington this week in an effort to accelerate talks after negotiations resumed last week

Accenture proposes new campus in Andhra Pradesh, eyes adding 12,000 jobs

India is already Accenture's largest employee base globally, with more than 300,000 of its 790,000 employees based in the country

India IPOs to surpass 2024 highs as billion-dollar issues ahead: JP Morgan

Public offerings worth nearly $13 billion have been approved by the regulator so far, with another $18.7 billion-worth of IPOs pending approval, according to data provided by PRIME Database

Sebi, RBI in talks to ease entry processes for foreign investors in India

The changes would include fewer and standardised documentation and less scrutiny on investors that are already regulated in other countries

Oracle to oversee TikTok's US operations, deal likely this week: WH

ByteDance will own less than 20% while TikTok US will be controlled by a mix of its existing US and global firms as well as a significant number of new investors who have no affiliation with ByteDance

Asian stocks rise on AI optimism as tech surges, gold at fresh peaks

The rush into tech has been a boon for chip sectors in many Asian markets, with South Korean stocks up 0.2 per cent, having surged almost 9 per cent this month

Chipmaker Nvidia plans to invest up to $100 billion in startup OpenAI

The companies unveiled a letter of intent for a landmark strategic partnership to deploy at least 10 gigawatts of Nvidia chips for OpenAI's AI infrastructure

T-Mobile names Gopalan as CEO to steer strategy amid fierce competition

Wireless carriers have been grappling with slowing subscriber growth, rising competition and increasingly cautious consumers unwilling to pay for premium plans

IT slump drags Sensex and Nifty down 0.5% after H-1B visa fee hike

IT stocks tumbled after the US raised H-1B visa fees, erasing Rs 85,000 crore in market value and dragging Sensex and Nifty lower, though analysts remain optimistic

Strive to buy Semler in $1.3 bn stock deal to boost bitcoin holdings

The deal comes less than five months after Strive announced a merger with Asset Entities as part of its plan to list on Nasdaq and pursue a strategy of buying and holding bitcoin

Porsche caught between a slowing China, EV road bumps, and Trump

Porsche now expects its 2025 profit margin to be no more than 2%, down from a previously guided range of 5% to 7%

India plans to widen pension fund investments to boost returns: PFRDA chair

The regulator is considering allowing pension funds to invest in gold and silver exchange-traded funds, venture capital funds, private credit, and alternative investment funds (AIFs), S. Ramann said

India's borrowing plan for FY26 second half unchanged, says CEA Nageswaran

India plans to borrow 14.82 trillion rupees for the current financial year ending March 31, of which it is scheduled to borrow 6.8 trillion rupees in October-March

India's banking liquidity crunch seen as temporary, says analyst

The Reserve Bank of India is comfortable with a liquidity surplus of around 1% of banks' deposits, which is roughly 2.5 trillion rupees

IndusInd Bank appoints Viral Damania as new chief financial officer

Damania's appointment, effective September 22, comes after the bank late last month said veteran banker Rajiv Anand had taken charge as its CEO for a three-year period

Govt plans minority stake sales in nearly 6 state firms: Divestment secy

Chawla said the government will make an initial public offering (IPO) of a state-run firm in the natural resources sector in the current financial year