Business
The TOI correspondent from Washington: US President Donald Trump is on the warpath against Venezuela, Cuba, Iran, Greenland — and the Federal Reserve. In a move that has rattled financial markets and political circles alike, the Trump administration’s Justice Department has launched a criminal investigation into Federal Reserve Chair Jerome Powell, marking an unprecedented clash…
KARACHI: Gold prices in Pakistan surged to a fresh record on Monday, mirroring a sharp rally in international bullion markets as investors flocked to safe-haven assets amid escalating political and monetary uncertainty in the United States. In the local market, the price of gold per tola jumped by Rs7,700 to reach an all-time high of…
Last Updated:January 12, 2026, 21:19 IST An Indian IT professional built Rs 9 crore in 20 years via disciplined equity and mutual fund investing, earning praise for his financial freedom story./ By 2026, his annual salary had grown to about Rs 65 lakh, while his investment portfolio had swelled to nearly Rs 9 crore. Whether…
Ana Faguy,Washingtonand Osmond Chia Watch: The unusual move Powell made in disclosing criminal investigation Federal prosecutors have opened a criminal investigation into Federal Reserve chair Jerome Powell, he said on Sunday. In a highly unusual move, Powell disclosed that the US Department of Justice (DoJ) served the agency with subpoenas and threatened a criminal indictment…
(L-R) Wells Fargo CEO and President Charles Scharf, Brian Bank of America Chairman and CEO Thomas Moynihan, JPMorgan Chase Chairman and CEO Jamie Dimon, Citigroup CEO Jane Fraser, State Street CEO Ronald OÕHanley, BNY Mellon CEO Robin Vince, Goldman Sachs CEO David Solomon and Morgan Stanley CEO James Gorman, testify during a Wall Street oversight…
Last Updated:January 12, 2026, 17:56 IST Rolls-Royce’s plans could unlock opportunities across jet engines, naval propulsion and other advanced engineering segments. India has emerged as a key focus area for Rolls-Royce. British aero-engine maker Rolls-Royce on Monday said it is looking to position India as its third “home market” beyond the UK, signalling a deeper…
The Tata Nano was once called the world’s cheapest car and symbolised Ratan Tata’s dream of making car ownership affordable for Indian families. Launched with great vision, the Nano promised safe and low-cost mobility. However, within a decade, it quietly vanished from Indian roads. Ratan Tata envisioned the Nano after seeing families of four riding…
The federal government slashed electricity prices by 93 paisa under the head of fuel adjustment charges (FCA) with effect from November 2025, but kept the basic tariff unchanged. According to details, the National Electric Power Regulatory Authority (NEPRA) also endorsed the decision of the federal government. A notification has already been issued in this regard…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Heineken’s chief executive, Dolf van den Brink, is stepping down from the Dutch brewing giant amid ongoing struggles with declining…
Iran-US standoff, Venezuela situation, instability across Middle East and South Asia undermines market confidence KARACHI: A sharp wave of selling swept through the Pakistan Stock Exchange (PSX) on Monday, triggering a steep corrective move as escalating geopolitical tensions drove investors into risk-off mode. Heightened concerns over the Iran-US standoff, developments in Venezuela, and widening instability…