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MUMBAI (Reuters) -A slump in India's retail inflation to six-year lows and a likely drop to a record low in July is prompting calls for at least one more interest rate cut this year, with many analysts saying the sharp disinflation is also a sign of weakening demand. The drop in June headline inflation is accompanied by low core inflation, which, excluding gold, silver and fuel prices, remains below 4%, suggesting softer underlying consumption which may need more support from monetary policy, a ...Read More >
New Delhi: Indian exporters have welcomed the US decision to postpone the tariff hikes on imports from July 9 to August 1, as this will allow more time for talks to sort out the trade issues. Director General of the Federation of Indian Export Organisations (FIEO) Ajay Sahai said that this deferment of the imposition of reciprocal tariffs reflects the US's willingness to engage constructively with its trading partners. "It provides an extended window for dialogue, which can help our negotiator ...Read More >
New Delhi, July 7 (SocialNews.XYZ) United States' Treasury Secretary Scott Bessent on Sunday said that Washington is close to reaching agreements on several trade deals as "a lot of proposals" have poured in from various countries at the last minute. His comments hint at several big trade deal announcements by the Donald Trump administration just ahead of the July 9 tariff pause deadline. "So my mailbox was full last night with a lot of new offers, a lot of new proposals...It's going to be a b ...Read More >
India's Ministry of Corporate Affairs (MCA) has announced an ongoing investigation into three electric vehicle (EV) manufacturers for allegedly availing government subsidies fraudulently. The total sum in question amounts to approximately Rs2.97bn (about $35m). The firms under scrutiny, Hero Electric Vehicles, Benling India Energy and Technology, and Okinawa Autotech; they are accused of violating guidelines tied to FAME II. FAME II was launched in 2019 by India's Ministry of Heavy Industries ...Read More >
SAN JUAN, PUERTO RICO / ACCESSWIRE / December 2, 2024 / BOTS Inc. (OTCQB:BTZI), a leader in blockchain and robotics innovation, is excited to unveil its groundbreaking strategic pivot into the development and deployment of autonomous AI agents powered by the Solana blockchain. This bold move reaffirms the company's mission to leverage cutting-edge technologies to drive value creation, enhance operational efficiency, and revolutionize the decentralized artificial intelligence (AI) landscape. Rev ...Read More >
India's corporate earnings should pick up in the next two quarters, veteran investor and Managing Director of MK Ventures Madhu Kela said on November 28, adding that he sees the market setup as 'constructive' after signs of 'euphoric moments' in some spaces and companies. In conversation with CNBC-TV18, Madhu Kela said government's capex expenditure was slow due to recent elections as well as the monsoon factor, both of which are out of the way now. The Centre too indicated recently that the ca ...Read More >
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