US President Donald Trump’s ‘Big, Beautiful Bill’ narrowly passed the Senate, facing concerns over welfare cuts and a $3 trillion debt increase. Trump claims the bill will bring unprecedented growth and investment, fueled by tariffs. The legislation extends tax cuts, reduces Medicaid and food assistance, and boosts border control spending.
The Reserve Bank of India has set the redemption price at Rs 9,628 per unit for two Sovereign Gold Bond (SGB) tranches, specifically the 2017-18 Series-XIV and 2018-19 Series-IV, maturing for premature redemption on July 1st.
India is planning to build three more strategic oil storage facilities to boost its energy security. These new reserves, including facilities in Bikaner, Mangalore, and Bina, will add to the existing capacity of 5.33 million tonnes.
Oracle’s stock surged to a record high following the announcement of a major cloud computing agreement projected to generate over $30 billion in annual revenue starting in fiscal year 2028. This deal, potentially linked to OpenAI and SoftBank’s Stargate project, underscores Oracle’s growing influence in AI infrastructure and cloud services.
HDB Financial Services share price today: HDB Financial Services debuted on the stock market at Rs 835, a premium over its IPO price. The IPO garnered significant investor interest, especially from institutions. It became the eighth largest NBFC in India by market value.
India’s IT sector anticipates a subdued first-quarter performance, with top firms like TCS and Wipro facing flat or declining revenue. Infosys and LTIMindtree expect modest growth, while mid-tier companies may outperform. BFSI shows recovery signs, but deal activity is slow. Companies are managing margins through cost controls, and GenAI offers a positive outlook despite varied…
The Goods and Services Tax slabs may be revamped soon, according to media reports. The government is planning to lower GST rates for household items, the reports claim. Gross GST collections reached a record high in fiscal year 2024-25.
