Mortgage rates today: The 30-year rate falls to 6.823%. (Pexel/Representatative image) (Pexel)
Posted in Business

Mortgage rates today: 30-year rate falls to 6.823% as Fed, inflation and Iran war drive rates

30-year mortgage rates edged lower today. The average interest rate on a 30-year home purchase mortgage is 6.823%, down from 6.843% on Friday, according to…

Continue Reading
ET logo
Posted in Economy

Indonesia-India discuss proposal to create Preferential Trade Agreement

Indonesian Trade Minister Budi Santoso met with Indian Minister of Commerce and Industry Piyush Goyal, and discussed steps to enhance bilateral trade relations by accelerating…

Continue Reading
US stocks stayed flat as Iran tensions pushed oil above $80, while Intel fell and investors weighed Fed rate bets, inflation data and key stock moves. (Photographer: Michael Nagle/Bloomberg) (Bloomberg)
Posted in Business

US markets today: Why did stocks struggle? Dow falls as Iran tensions push oil higher

US stocks opened mostly flat on Monday as investors remained worried about whether the US and Iran can reach a lasting deal over the Strait…

Continue Reading
Archer Aviation stock surged 22% after its Boeing deal (AP Photo/Richard Drew, File) (AP Photo/Richard Drew)
Posted in Business

Why Archer Aviation stock surged 22% as Boeing deal expands its defense and autonomous flight business

Archer Aviation shares jumped sharply after the company announced a major deal with Boeing. The stock surged 22.5% in pre-market trading on Monday, after Archer…

Continue Reading
ET logo
Posted in Economy

Delhi State Cooperative Bank to venture into financing farmers, artisans

In a bid to strengthen the cooperative banking ecosystem in the National Capital Territory, NABARD’s New Delhi Regional Office organised its first Capacity Building Workshop…

Continue Reading
ET logo
Posted in Economy

CAG report flags fall in Delhi’s contribution to national GDP

New Delhi: Delhi’s economic growth has lagged the national economy over the past decade, with the national capital’s contribution to India’s GDP declining from 4%…

Continue Reading
TSMC sales jumped 44.7% in July as strong AI chip demand boosted revenue, with Nvidia and Google among major customers driving the semiconductor boom.  (REUTERS/Ann Wang) (REUTERS)
Posted in Business

Why TSMC sales surged 45% as AI boom drives demand for advanced chips

TSMC has reported a huge jump in sales as demand for AI chips remains strong. Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s biggest chipmaker, reported…

Continue Reading
ET logo
Posted in Economy

Russia explores rail link to India to bypass maritime chokepoints

Russia is exploring an ambitious plan to build a rail link to India as a hedge against risks associated with the Strait of Hormuz and…

Continue Reading
ET logo
Posted in Economy

India’s Russian crude imports hit record for second straight month

New Delhi: India’s imports of Russian crude oil rose to a record for the second consecutive month in July, underscoring the country’s continued reliance on…

Continue Reading
ET logo
Posted in Economy

India, South Africa-led SACU group may ink terms of reference for negotiating trade pact on Aug 12

New Delhi: India and South Africa-led SACU group are likely to sign terms of references (ToRs) on August 12 for starting negotiations for a preferential…

Continue Reading