Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday on weak global cues. While Nifty50 was below 25,800, BSE Sensex was down almost 300 points.
Stock market today: Nifty50 opens below 25,800; BSE Sensex down almost 300 points Read More »
Reliance Group chairman Anil Ambani has requested to appear virtually before the Enforcement Directorate for a FEMA investigation concerning alleged illegal overseas fund transfers of Rs 100 crore related to a highway project.
Gold price prediction today: Gold prices are exhibiting a bearish bias, with a short-term consolidation expected. Technical indicators suggest fading upside momentum, with resistance at ₹1,27,200 and support at ₹1,26,100.
India is actively expanding its free trade agreement network, with ongoing discussions underway with the US, EU, New Zealand, Oman, Peru, and Chile. Commerce Minister Piyush Goyal highlighted these efforts and the potential for infrastructure collaboration, emphasizing the reduction of global trade barriers to facilitate the free movement of goods, services, and capital.
South Korea and the US have finalized a trade and security agreement, reducing US import duties on South Korean products from 25% to 15%. The deal includes South Korea building nuclear-powered submarines and establishing new partnerships in shipbuilding, AI, and the nuclear industry. South Korea will also invest $350 billion in the US.
Groww’s parent company, Billionbrains Garage Venture, is nearing a Rs 1 lakh crore market cap after a strong stock market debut. Shares surged post-listing, rewarding IPO investors with significant returns. Experts see Groww as a proxy for India’s expanding capital market.
Asian markets traded mostly lower as excitement over the US government shutdown’s end faded, with focus shifting to the Federal Reserve and tech bubble fears. Despite the reopening, investors await economic data, while oil prices fell on surplus forecasts and the Japanese yen weakened, sparking intervention speculation.
Donald Trump proposed issuing $2,000 rebate checks to Americans, funded by tariffs, to address affordability concerns. While the Treasury reports significant tariff revenue, economists highlight that costs are passed to consumers, and the proposed payout exceeds current collections. The plan faces legal, political, and economic hurdles, including potential Supreme Court challenges and inflation risks.
US tariffs: Trump’s $2,000 rebate for Americans — Here’s what you need to know! Read More »
The American penny’s 200-year run has ended as the US Mint halts production due to high manufacturing costs. While existing pennies remain legal tender, retailers face challenges managing prices and payments, leading to rounding practices that may cause confusion and financial implications for consumers and businesses alike.
India’s new Export Promotion Mission, approved with ₹25,060 crore over six years, aims to boost exports by supporting MSMEs and offering non-financial aid. However, experts warn of implementation delays due to its conceptual stage, pending digital platforms, and insufficient annual funding. Effective execution hinges on interdepartmental coordination and more resources.
