Gold prices soared to a record high of Rs 1,05,670 per 10 grams in the national capital, marking the sixth consecutive session of gains. The surge was fueled by expectations of a US Federal Reserve rate cut and strong overseas demand. Silver prices also reached a new peak of Rs 1,26,000 per kilogram, driven by […]
Leading automakers in India experienced a decline in vehicle dispatches to dealers in August as potential buyers anticipated lower prices due to a proposed GST rejig. While Maruti Suzuki, Hyundai, Mahindra, and Tata Motors reported drops in sales, Toyota Kirloskar Motor and Royal Enfield bucked the trend with positive growth.
Auto sales dip in August: Buyers delay purchases; GST rejig hopes keep demand in check Read More »
India’s current account deficit saw a significant decrease in the June quarter. The Reserve Bank of India reported the deficit narrowed to $2.4 billion. This improvement was driven by strong services exports. The merchandise trade gap widened during this period. Foreign direct investment witnessed a net inflow. Foreign portfolio investment also experienced a rise compared
India’s outward foreign direct investment has surged in the last five years, boasting a 12.6% CAGR, significantly outpacing the global average. A Bank of Baroda report highlights that outward FDI reached a record $23.8 billion in 2024, driven by India’s global integration efforts.
Over two years after the Reserve Bank of India announced the withdrawal of Rs 2000 banknotes, Rs 5,956 crore worth of these notes remain in circulation. Initially valued at Rs 3.56 lakh crore, 98.33% of the notes have been returned since May 19, 2023. The RBI continues to offer exchange and deposit facilities at designated
Indian textile exporters, facing setbacks from steep US tariffs, may find relief in rising exports to the UK under the new FTA. Ongoing EU negotiations could further diversify trade avenues. While a decline in textile exports is expected, government support and growth in cotton yarn exports may mitigate losses, making the India-UK FTA a potential
India achieves a breakthrough in fertiliser technology. The nation develops its first indigenous water-soluble fertiliser. This innovation aims to reduce reliance on imports, especially from China. The technology is eco-friendly and cost-effective. Commercial production is expected within two years. This initiative promises self-reliance and positions India as a potential exporter. It marks a significant step
Gold prices face a crucial test after hitting record highs in India, influenced by global macroeconomic cues and Federal Reserve signals. A weaker rupee and geopolitical tensions have fueled the rally, but analysts warn of potential near-term corrections. Festive demand and hopes for monetary easing support a constructive long-term outlook, though volatility is expected.
India’s gems and jewellery industry faces a crisis as the US imposes 50% tariffs, disrupting diamond exports. The GJEPC urges the Centre for immediate relief, including credit extensions and moratoriums, to cushion exporters. With potential job losses in Surat, the council seeks policy and monetary interventions, hoping for a swift resolution considering the broader India-US
The Trump family’s new crypto venture, World Liberty Financial (WLFI), faces scrutiny over a $750 million deal where it sold its cryptocurrency to Alt5 Sigma, a firm it recently acquired. This arrangement could net the Trumps $500 million. Experts are raising concerns about potential risks to investors due to the circular nature of the transaction.
