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Russian President Vladimir Putin’s visit to India aims to significantly boost economic cooperation, with New Delhi seeking to reduce its trade deficit and expand market access for Indian goods like pharmaceuticals and agricultural products. The trip, accompanied by a large business delegation, is expected to yield agreements in shipping, healthcare, and connectivity, alongside a long-term […]

A decade-old Sovereign Gold Bond investment has yielded over four times its initial value, with a Rs 1 lakh stake now worth more than Rs 4.4 lakh. The Reserve Bank of India announced the final redemption price for the 2017-18 Series-X tranche, which matured after eight years. Investors also benefited from a 2.

Despite Nifty 50 and Sensex reaching record highs, broad market optimism is limited as nearly half of NSE’s top 500 stocks lag key technical benchmarks. Only 40% of Nifty 500 stocks are above their 50-day SMA, indicating weak market breadth driven by large-cap gains. Retail investors remain cautious, with many mid and small-cap stocks still

The Indian Rupee hit a historic low on Wednesday, crossing the 90-per-dollar mark for the first time. This decline was driven by foreign fund outflows, rising crude oil prices, and uncertainty surrounding the India-US trade deal. Market watchers noted a lack of Reserve Bank of India intervention for much of the session.

Income tax refunds are significantly delayed this assessment year, with processing times extended even for routine cases. Official data shows a substantial drop in refund outgo compared to last year, attributed to late form releases, increased verification, and processing constraints. Experts anticipate a continued trend of slower processing, particularly for high-value refunds.

US import tariffs on Indian goods, doubling to 50%, have caused a sharp 28.5% drop in exports over five months. Labour-intensive sectors, including textiles and gems, faced the steepest declines, leading to significant revenue losses and job concerns. India’s government is urged to expedite export promotion missions and negotiate tariff reductions with the US.

Wall Street saw mixed trading as corporate earnings presented a varied picture. While Marvell Technology and American Eagle Outfitters posted strong results, Macy’s and CrowdStrike faced headwinds despite beating profit expectations. Bond yields dipped following softer private payroll data, fueling hopes for a Federal Reserve rate cut. Global markets showed a mixed performance.

Veteran banker Uday Kotak points to persistent foreign selling by FPIs and PE funds as the primary driver behind the rupee’s sharp fall past 90 against the dollar. Despite strong domestic investor buying and robust GDP growth, India’s currency is Asia’s worst performer this year, pressured by broad dollar outflows and a widening trade deficit.