US economy grows 0.5% in Q4; shutdown, weak consumption weigh on pace

The US economy grew at a sluggish 0.5% annual pace in the October–December quarter, lower than earlier estimates, as a prolonged government shutdown weighed on activity, AP reported.The Commerce Department revised down its estimate of fourth-quarter GDP growth from 0.7% to 0.5%, marking a sharp slowdown from 4.4% growth in the July–September period and 3.8%…

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Need to strengthen supply chains amid crisis: Ficci report

NEW DELHI: Indian companies should secure additional funding and strengthen supply chains, while govt should consider emergency financing for MSMEs and tax reforms to mitigate impact of the ongoing West Asia conflict, according to a Ficci report. “The ongoing disruption in West Asia carries far-reaching implications for import-dependent economies, such as India, with likely impact…

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‘No intention of watching’: World No. 2 Hikaru Nakamura on Magnus Carlsen vs Hans Niemann documentary | Chess News

Hikaru Nakamura speaks about Magnus Carlsen vs Hans Niemann documentary NEW DELHI: World No. 2 Hikaru Nakamura has made it clear he is not interested in watching Netflix’s latest documentary on the controversial rivalry between Magnus Carlsen and Hans Niemann, even as the film sparks fresh debate in the chess world.Speaking after a recent game…

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Middle East crisis: Govt reviews shipping, packaging issues with exporters; relief measures discussed

The commerce ministry on Thursday held consultations with exporters to address disruptions in shipping, port operations and packaging arising from the ongoing West Asia crisis, PTI reported.Commerce Secretary Rajesh Agrawal chaired two meetings attended by Shipping Secretary Vijay Kumar, export promotion councils (EPCs), commodity boards, shipping lines, ports and exporters.Officials said the discussions focused on…

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IPL 2026: Mukul Choudhary masterclass snatches victory from KKR’s clutches in last-ball thriller | Cricket News

Mukul Choudhary (BCCI Photo) NEW DELHI: Lucknow Super Giants pulled off a thrilling last-ball win against Kolkata Knight Riders in IPL 2026, chasing down 182 to win by three wickets. The match stayed tense till the very end, with LSG holding their nerve to cross the line in dramatic fashion.Asked to bat first, Kolkata Knight…

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Middle East war fallout: IMF chief warns of ‘unavoidable pain’, urges central banks to curb inflation

IMF chief Kristalina Georgieva on Thursday urged central banks to prioritise tackling inflation even at the cost of growth, warning that the global fallout of the US-Israel war on Iran will inevitably bring economic “pain”, PTI reported.“A word of caution upfront: this being a classic negative supply shock, demand adjustment is unavoidable. We cannot go…

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Working abroad? How to stay compliant with India’s tax residency rules in a globalised world – explained

Individuals should effectively apply tie breaker rules in case of possible dual residency under applicable tax treaty provisions. (AI image) In today’s globalised world, the ability to live in one country and work in another country for an employer in the third country is becoming a norm rather than an exception. Professionals are increasingly building…

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96-year-old CD Gopinath, India’s oldest-living cricketer, passes away in Chennai | Cricket News

MUMBAI: 96-year-old CD Gopinath passed away in Chennai on Thursday. Hailing from Chennai (formerly Madras), Chingleput Doraikannu (CD) Gopinath, who played eight Tests between 1951-60, was previously India’s oldest living cricketer. Gopinath was the last survivor of India’s first-ever Test win, over England, at Madras in 1952.Following his demise, former India, Mumbai, and Maharashtra wicketkeeper-batter…

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