Adani Total's auditor quits, cites other work

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Wall Street ends down on nagging uncertainty about Fed rate path

US stocks markets ended lower on Wednesday as investors became uncertain of the next move from the Federal Reserve regarding interest rate hikes. The Fed had announced an increase in interest rates by 0.25% as expected. The unanimous decision lifted the US central bank's benchmark overnight interest rate to the 5.00%-5.25% range, the 10th consecutive increase since March 2022.

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Extra 1.16% contribution from employer's kitty to go towards higher pension

A day after extending the deadline for submitting the joint option for higher pension till June 26, the labour ministry has said the employer's contribution for members who sign up for higher pension and are found eligible for it will be 9.49%, up from the existing 8.33%.

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Airfares shoot up on routes with strong Go First presence

Air fares for the next few days on tourist routes with strong Go First presence have shot up after its bankruptcy announcement, leaving those who had booked the airline's tickets from Mumbai/Delhi to places such as Srinagar, Leh and Phuket till May 5-the airline has suspended all its flights till Friday-staring at costly alternatives.

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Fed delivers small rate hike, flags possible pause in tightening cycle

The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and signaled it may pause further increases, giving officials time to assess the fallout from recent bank failures, wait on the resolution of a political standoff over the US debt ceiling, and monitor the course of inflation.

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India weighs options against EU law on retaliatory tariffs

Officials said the EU law violates global trade norms and can become another dispute at the organisation. While the EU has not invoked the law as yet, New Delhi is also examining if it can retaliate by imposing higher duties on products coming from the EU against the quota restrictions put in place by the bloc on steel imports from India in 2020.

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Carl Icahn’s wealth plunges $10 billion on Hindenburg report

Corporate activist Carl Icahn's wealth plunged by over $10bn after Hindenburg Research accused him of running an extremely-leveraged investment company with "ponzi-like" economics. As a result, Icahn Enterprises LP lost 20%, the most on record, wiping out $3.1bn from his fortune.

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Tata Steel net falls 84% to Rs 1,566 crore in Q4

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IT companies fill vacancies with internal talent

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