After six sessions of continuous selling, traders anticipate a potential market bounce-back on Monday, despite an underlying weak trend. US-India trade uncertainties, including H-1B visa fee hikes and pharma tariffs, continue to weigh on sentiment. Foreign fund activity and the upcoming RBI policy decision will be crucial in determining market direction.
Dalal Street eyes comeback after 6-day slide, FPIs hold key Read More »
The RBI has ordered Bengaluru-based BNPL firm Simpl to immediately cease its payments operations for running a system without explicit central bank authorization. This action is part of the RBI’s broader campaign to regulate digital credit, addressing concerns over unsecured lending and weak oversight. Simpl also faces Enforcement Directorate scrutiny for alleged FDI and foreign
RBI cracks down on ‘buy now, pay later’ Read More »
The RBI’s monetary policy committee is widely expected to keep policy rates unchanged this week, balancing resilient growth and benign inflation against external uncertainties. While a pause is the base case, a dovish tone is anticipated. Some economists, including SBI, advocate for a 25-basis-point cut, citing the benign inflation trajectory.
RBI’s next move? Panel likely to hold rates steady this week Read More »
English-language business news channel ET NOW has launched two compelling new programmes: ‘South Central’ and ‘The Interview with Ayesha Faridi’. ‘South Central’, airing weekdays at 5:30 pm, will delve into South India’s economic and cultural impact. Meanwhile, ‘The Interview’, premiering Friday, features executive editor Ayesha Faridi engaging India’s most powerful voices in weekly 25-minute conversations,
ET NOW to launch two programmes Read More »
Jaguar Land Rover secured a £1.5 billion ($2 billion) loan, backed by the UK government, to alleviate pressure on suppliers. This financial support comes after a cyberattack forced the carmaker to halt production at plants across several countries, significantly disrupting its wider supply chain. The loan, guaranteed by UK Export Finance, is repayable over five
JLR gets UK govt’s guarantee for $2 billion loan after cyber hit Read More »
Iraq has restarted oil exports from its Kurdistan region, ending a two-year suspension due to legal disputes and pipeline closures. Following agreements between Baghdad and Arbil, SOMO will now manage crude flows through the Iraq-Turkey pipeline. This crucial step, welcomed by the US, aims to recover significant lost revenue.
Dalal Street plunged this week, with over 440 BSE 500 stocks in red, following US President Trump’s H-1B visa fee hike and new medicine tariffs. The BSE 500 dropped 3.3%, led by IT and pharma sector losses. While Coforge and Tech Mahindra saw significant declines, 44 stocks, including Tata Investment Corporation, defied the gloom.
Union Railway Minister Ashwini Vaishnaw announced India’s first bullet train, the Surat to Bilimora stretch, will be operational by 2027, highlighting significant progress on tracks and stations. New technologies are being implemented, and the Surat station features passenger comfort, connectivity, and sustainability. The Mumbai-Ahmedabad corridor is also advancing steadily with substantial infrastructure work completed.
Russian Foreign Minister Sergey Lavrov affirmed the stability of India-Russia relations despite US tariffs and political pressure. He noted India’s clear stance on independent foreign partnerships, choosing its own allies. Lavrov stressed that Moscow and New Delhi continue cooperation across sectors, even as Washington scrutinizes India’s oil purchases from Russia.
India, Brazil, and South Africa (IBSA) criticized unilateral tariffs and coercive trade measures, labeling them discriminatory and inconsistent with WTO rules. They warned such actions destabilize global markets and undermine the rules-based trading system, citing recent US tariffs. IBSA urged urgent restoration of the WTO’s dispute settlement system and emphasized free agricultural trade.
