Mohammed Uzair Shaikh

1 month ago | ndtvprofit.com | Mohammed Uzair Shaikh

Reliance Industries Ltd. has withdrawn its application for trademarking the term 'Operation Sindoor' after social media outrage. A unit of the conglomerate had earlier filed for trademarking Operation Sindoor — the name given to the Indian Army's crackdown on nine terrorist infrastructure bases in Pakistan and Pakistan-occupied-Kashmir. After the flak drawn on social media, RIL issued a statement on Thursday, pinning the blame on a "junior person" for inadvertently applying for the trademark.

1 month ago | ndtvprofit.com | Mohammed Uzair Shaikh

During the Press Briefing on Operation SINDOOR on 07 May 2025, India had called its response as focused, measured and non-escalatory. It was specifically mentioned that Pakistani military establishments had not been targeted. It was also reiterated that any attack on military targets in India will invite a suitable response.

1 month ago | ndtvprofit.com | Mohammed Uzair Shaikh

US Federal Reserve Chair Jerome Powell, while keeping the benchmark lending rates unchanged on Wednesday, raised apprehensions over the impact of the now-paused high import tariffs announced by US President Donald Trump last month. The tariffs hold the potential to trigger inflation, and stoke unemployment, while also curbing the pace of economic growth, Powell said in a press briefing following the Federal Open Market Committee meeting.

1 month ago | ndtvprofit.com | Mohammed Uzair Shaikh

Gold prices fell after the US Federal Reserve announced a status quo in the benchmark lending rates. The bullion, which was already trading under pressure during the day, traded nearly 1.4% lower following the disclosure of Fed decision. Spot gold was trading at $3,388 an ounce in the global market, down 1.32% at 2:30 pm (EST). Bitcoin, however, gained as the world's largest traded cryptocurrency was trading 2.24% higher at 96,811.57 at the same time.

1 month ago | ndtvprofit.com | Mohammed Uzair Shaikh

US Federal Reserve Jerome Powell has left the benchmark lending rates unchanged — for a third time in a row — amid mixed signals emerging from the domestic economy and uncertainty prevailing over the now-paused import tariffs announced last month. Following the conclusion of the two-day meeting of the Federal Open Market Committee on Wednesday, an official statement confirmed that the benchmark lending rates have been left unchanged in the range of 4.25-4.5%.