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New Delhi: Moody's Ratings has lowered India's GDP growth forecast for FY27 to 6 per cent from 6.8 per cent earlier, citing the economic fallout of the ongoing West Asia conflict. In its latest credit opinion, Moody's warned that prolonged disruptions, especially in liquefied petroleum gas (LPG) supplies, could trigger household shortages, raise fuel and transport costs, and spill over into food inflation due to India's dependence on imported fertilisers. The region accounts for nearly 55 per ...Read More >
New Delhi, April 4 (SocialNews.XYZ) India has navigated recent global shocks with resilience, External Affairs Minister S. Jaishankar said on Saturday, in a reference to the ongoing conflict in West Asia and its wider economic fallout. In his address at the convocation ceremony of IIM Raipur, EAM Jaishankar said India has managed both domestic and external challenges "fairly successfully" despite an increasingly turbulent global environment. He underlined that the ripple effects of conflicts a ...Read More >
New Delhi, Apr 1 (PTI) Gold price climbed Rs 1,539 to Rs 1.52 lakh per 10 gram in futures trade on Wednesday due to bullish sentiment in the domestic market amid rise in precious metal rates globally and a weaker US dollar. On the Multi Commodity Exchange, the yellow metal for June delivery increased Rs 1,539, or 1.02 per cent, to Rs 1,52,300 per 10 grams from Tuesday's closing level of Rs 1,50,761 per 10 grams. Commodity markets were closed in the morning session on account of Shri Mahavir Ja ...Read More >
New Delhi: Gold prices climbed Rs 171 to Rs 1,12,800 per 10 grams in the domestic futures market on Friday despite a largely flat trend in the overseas market, while silver pulled back from its record peak and declined Rs 400 to Rs 1,36,656 per kilogram. On the Multi Commodity Exchange (MCX), gold for October delivery rose Rs 171 or 0.15 per cent to Rs 1,12,800 per 10 grams in a turnover of 2,834 lots. Similarly, the December contract traded higher by Rs 56 or 0.05 per cent at Rs 1,13,927 per 1 ...Read More >
NEW DELHI (Reuters) -U.S. President Donald Trump last Wednesday announced 25% tariffs on Indian imports from August 7 and threatened more penalties over New Delhi's purchases of Russian oil. Below is a timeline of how India, once seen as the frontrunner for a U.S. deal, ended up facing steep tariffs after Trump escalated tensions, and called it a "dead economy." February Modi visits Washington * Indian Prime Minister Narendra agrees to work toward a limited trade deal by fall 2025 with the Un ...Read More >
New Delhi, Aug 3 (PTI) Gold is likely to trade with a positive bias in the coming week, supported by rising expectations of interest rate cuts by the Federal Reserve, fresh volatility due to the US administration's aggressive trade stance, and continued safe-haven demand amid a softening dollar, analysts said. Investors will monitor PMI data from the EU and the UK this week, along with speeches by US Fed officials. The US jobless claims data will also be tracked for cues on the Fed's interest r ...Read More >
New Delhi: US President Donald Trump abruptly froze trade talks with Canada this week because Ottawa plans to begin collecting a digital tax from big technology companies, including American giants like Google, Amazon, Meta and Uber. Trump did not hold back. In a post on his Truth Social platform, he called the tax a "direct and blatant attack on our country". He said the United States would respond within days with fresh tariffs on Canadian goods. The move did not come out of nowhere. Quietly ...Read More >
Indian billionaire Gautam Adani faces U.S. charges in a $265 million bribery scheme, shaking his conglomerate. The Adani Group denies wrongdoing, while Indian politics and global finance react. Allegations involve market disclosure issues and economic fallout, including halts on projects and investments worldwide. Indian billionaire Gautam Adani's indictment by U.S. authorities has sent shockwaves through his vast business conglomerate. The Adani Group, denying all allegations, faces scrutiny o ...Read More >
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