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Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The US Labor Department published a proposed regulation on Monday intended to give 401(k) participants access to alternative investments, including crypto assets such as Bitcoin (BTC). The Employee Benefits Security Administration (EBSA) framed the rule as "historic," saying it lays out a clear, process-driven framework that plan fiduciaries can follow when evaluating non-traditi ...Read More >
New Delhi, Dec 17 (PTI) Silver prices surged to a new lifetime high of Rs 2,05,934 per kilogram in the futures trade on Wednesday, supported by a rally in the white metal globally amid signs of tightening supplies and expectations of rate cuts by the Federal Reserve next year. On the Multi Commodity Exchange (MCX), silver futures for March contract zoomed by Rs 8,179, or 4.14 per cent, to touch a lifetime high of Rs 2,05,934 per kilogram. The metal had closed at Rs 1,97,755 per kg on Tuesday. ...Read More >
Sensex Today: Q2 results, ongoing US-India trade talks, renewed hopes around the US-China trade deal, and strong global cues are expected to guide Indian benchmark indices -- Sensex and Nifty -- on Monday, the first trading session of the week. At around 7:10 AM, GIFT Nifty futures were trading 109 points lower at 25,923, suggesting a positive start for domestic markets. Global cues Asian markets opened strong on Monday, tracking Wall Street's record rally and optimism over progress in US-Chi ...Read More >
(RTTNews) - Indian shares are likely to open higher on Monday as global trade tensions eased, and soft U.S. inflation data fueled rate cut hopes. U.S. Treasury Secretary Scott Bessent said President Trump's threat of 100 percent tariffs on Chinese goods "is effectively off the table" and that he expects the Asian nation to make "substantial" soybean purchases as well as offer a deferral on sweeping rare earth controls. After two days of talks in Malaysia, a Chinese official said the two sides ...Read More >
(The Center Square) - Indian conglomerate Reliance Industries said Friday it will adjust its refining operations to abide with U.S. and European sanctions on purchases of Russian crude oil. Reliance, India's largest oil importer, said in a statement posted on X that it is assessing the impact of restrictions announced in recent days by the European Union, United Kingdom and United States. The company said it will fully comply with applicable regulations while maintaining relationships with supp ...Read More >
A GROUP of U.S. banks, including JPMorgan Chase, Bank of America and Goldman Sachs, is hesitant to lend $20 billion to Argentina without guarantees or collateral, the Wall Street Journal reported on Monday. U.S. Treasury Secretary Scott Bessent said last week that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bankers are waiting on guidance from the Treasury Department on what collateral Arg ...Read More >
[BENGALURU] Gold prices edged higher on Tuesday (Oct 21) to hover near all-time highs, as strong safe-haven demand and hopes of further interest rate cuts from the US Federal Reserve boosted demand for the precious metal. Spot gold was up 0.2 per cent at US$4,363.58 per ounce, as at 9.06 am, having hit a record high of US$4,381.21 on Monday. US gold futures for December delivery added 0.5 per cent to US$4,379 per ounce. The US government shutdown stretched to its 20th day on Monday, after sen ...Read More >
New Delhi, Oct 20 (SocialNews.XYZ) Gold prices rose on Monday morning on the Multi-Commodity Exchange (MCX), supported by strong spot demand and a weaker US dollar. During the early trade, MCX Gold December futures were trading 0.78 per cent higher at Rs 1,28,005 per 10 grams, while Silver December contracts gained 0.41 per cent to Rs 1,57,240 per kg. The recovery in gold came after a steep fall in the previous session, as global investors had booked profits following US President Donald Trump ...Read More >
NEW YORK (Reuters) -Oil prices were stable on Thursday as traders prepared for a potential halt to India's Russian oil imports, which could reshape flows and boost demand for supplies from elsewhere. Brent crude futures were down 28 cents, or 0.45%, to $61.63 a barrel at 12:40 p.m. EDT (1640 GMT). U.S. West Texas Intermediate futures were down 19 cents, or 0.33%, to $58.08. U.S. President Donald Trump said Prime Minister Narendra Modi had pledged on Wednesday that India would stop buying from ...Read More >
New Delhi: Gold prices on Thursday surged by Rs 1,185 to scale an all-time high of Rs 1,28,395 per 10 grams in the domestic futures trade, while the yellow metal crossed the USD 4,250 per ounce globally, driven by expectations of interest rate cuts by the US Federal Reserve, and persistent geopolitical tensions. On the Multi Commodity Exchange (MCX), gold futures for December delivery climbed by Rs 1,185, or 0.93 per cent, to reach a new peak of Rs 1,28,395 per 10 grams.Extending the gains for ...Read More >
New Delhi, Oct 16 (PTI) Gold prices on Thursday surged by Rs 1,185 to scale an all-time high of Rs 1,28,395 per 10 grams in the domestic futures trade, while the yellow metal crossed the USD 4,250 per ounce globally, driven by expectations of interest rate cuts by the US Federal Reserve, and persistent geopolitical tensions. On the Multi Commodity Exchange (MCX), gold futures for December delivery climbed by Rs 1,185, or 0.93 per cent, to reach a new peak of Rs 1,28,395 per 10 grams. Extending ...Read More >
BENGALURU: A day after Biocon chief Kiran Mazumdar-Shaw highlighted Bengaluru's "creaking" infrastructure, Karnataka's deputy CM D K Shivakumar Wednesday accused her of "betrayal" and of tarnishing the very state and country that helped her succeed as an entrepreneur.However, people sprang to her defence, accusing the government of displaying hostility towards those who speak up, and of refusing to accept constructive criticism.On her part, Shaw on Wednesday blamed previous governments' inaction ...Read More >
New Delhi: The United States has trapped the world in a complex web of tariffs. For India, the only effective way to break through this maze is a bilateral trade deal with Washington. Talks on such an agreement have recently gained momentum. A senior Indian delegation is travelling to America this week to advance negotiations that began in February. "The Indian team will visit this week," said an official close to the development. This visit marks the next step in a series of discussions aimed ...Read More >
New Delhi, Sep 16 (PTI) Gold prices rose Rs 384 to touch a record of Rs 1,10,563 per 10 grams in the domestic futures market on Tuesday, buoyed by strong global cues and expectations of a rate cut by the Federal Reserve that spurred safe-haven demand. On the Multi Commodity Exchange (MCX), gold futures for October delivery climbed Rs 384 or 0.34 per cent to touch a record Rs 1,10,563 per 10 grams. The contract had touched a previous high of Rs 1,10,330 in the last session. Similarly, the Decem ...Read More >
New Delhi: A major deal over TikTok is reportedly about to take place between the United States and China. To recall, Donald Trump had given TikTok a deadline until September 17. However, as the deadline approaches, an agreement on popular short-video platform TikTok is likely, which would allow the platform to continue operating in the US. Delegations between both China and the United States have reached a consensus, according to the reports. Now, it is up to President Donald Trump to give the ...Read More >
New Delhi: US President Donald Trump has demanded that NATO and EU member states impose tariffs of up to 100 percent on China and India. The goal, he said, is to pressure Russian President Vladimir Putin to end the war in Ukraine. Trump, who pledged to resolve the conflict "on day one" of his presidency, raised the proposal during a meeting with European Union officials last Tuesday. The measure is seen as a way to accelerate negotiations between Moscow and Kyiv. The Financial Times first repo ...Read More >
US President Donald Trump has acknowledged that his decision to impose tariffs on India over its purchase of Russian oil has strained ties with New Delhi. "Look, India was their biggest customer. I put a 50 per cent tariff on India because they're buying oil from Russia. That's not an easy thing to do. That's a big deal and it causes a rift with India," Trump said in an interview with 'Fox and Friends' on Friday when asked what clamping down on Russian President Vladimir Putin involves. "But I ...Read More >
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as t ...Read More >
NEW DELHI, Sept 5 (Reuters) - India will continue to buy Russian oil as it proves economical, its finance minister said on Friday, despite the Trump administration's decision to impose heavy import tariffs on Indian goods due, in part, to its energy purchases from Moscow. As Europe and the U.S. have shunned Russian oil over Moscow's 2022 invasion of Ukraine, India has taken advantage of discounts on Russian output to become the largest buyer of Russian seaborne crude. New Delhi has said its pu ...Read More >
By Hritam Mukherjee and Nidhi Verma NEW DELHI (Reuters) -India will continue to buy Russian oil as it proves economical, its finance minister said on Friday, despite the Trump administration's decision to impose heavy import tariffs on Indian goods due, in part, to its energy purchases from Moscow. As Europe and the U.S. have shunned Russian oil over Moscow's 2022 invasion of Ukraine, India has taken advantage of discounts on Russian output to become the largest buyer of Russian seaborne crude ...Read More >
NEW DELHI, Sept 1 (Reuters) - India is not "profiteering" from Russian oil imports and its purchases have stabilised markets while keeping prices from rising to as much as $200 a barrel, Hardeep Singh Puri, country's oil minister, said in the Hindu newspaper on Monday. The U.S. has targeted India for its Russian oil purchases, with President Donald Trump imposing tariffs on Indian exports to the U.S. to discourage the country's crude buying. Treasury Secretary Scott Bessent accused India of pr ...Read More >
Amidst US criticism over Russian oil imports, India's Oil Minister Hardeep Puri defended the country's energy strategy, arguing that it stabilises global markets and prevents price surges. Puri refuted claims of undermining sanctions, highlighting adherence to international rules and legal transactions. Amid continuing criticism of India by Trump and his officials over oil purchases from Russia, Oil minister Hardeep Puri on September 1 came up with a strong rebuttal, countering US rhetoric with ...Read More >
(Bloomberg) -- Oil fell as traders looked past US efforts to force India to quit buying Russian crude, and broader markets carried a risk-off tone. Global benchmark Brent dropped below $68 a barrel, while West Texas Intermediate was near $64. White House trade adviser Peter Navarro stepped up the pressure on New Delhi to halt purchases of Russian energy after Washington doubled a levy on imports from the country to 50%. Calling Indians "arrogant," he cast the conflict in Ukraine as "Modi's war, ...Read More >
Mumbai (Maharashtra) [India], August 28 (ANI): The Indian stock market tumbled on its second consecutive session, ending in the red territary on Thursday due to the additional 25 per cent import tariffs by the US on Indian imports, which came into effect a day earlier. At the end of the trading session today, BSE Sensex was down 705.97 points or 0.87 per cent at 80,080.57, and the Nifty 50 at National Stock Exchange (NSE) slipped 211.15 points or 0.85 per cent at 24,500.90. Also Read | Ganesh ...Read More >
Mumbai (Maharashtra) [India], August 28 (ANI): The Indian stock market tumbled on its second consecutive session, ending in the red territary on Thursday due to the additional 25 per cent import tariffs by the US on Indian imports, which came into effect a day earlier. At the end of the trading session today, BSE Sensex was down 705.97 points or 0.87 per cent at 80,080.57, and the Nifty 50 at National Stock Exchange (NSE) slipped 211.15 points or 0.85 per cent at 24,500.90. From its recent hig ...Read More >
MUMBAI/NEW DELHI, Aug 26 (Reuters) - Indian exporters are bracing for disruptions after a U.S. Homeland Security notification confirmed Washington would impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation. Indian exports will face U.S. duties of up to 50% - among the highest imposed by Washington - after President Donald Trump announced extra tariffs as punishment for New Delhi's purchases of Russian oil. The new duties will ...Read More >
WASHINGTON, Aug 22 (Reuters) - President Donald Trump said on Friday he would nominate Sergio Gor, one of his closest aides, to be the next U.S. ambassador to India, where he will oversee frosty relations that have worsened with the planned doubling of U.S. tariffs on India next week. Gor, who is currently the director of the White House Presidential Personnel Office, would also serve as a special envoy for South and Central Asian affairs. Trump said in a post on his Truth Social account that ...Read More >
India is welcome to export its products to Russia if it is facing trouble entering the US market, a senior Russian diplomat on Wednesday said. Addressing a press conference in the national capital, Russian Deputy Chief of Mission Roman Babushkin said the US' pressure on India over the latter's procurement of Russian crude oil was "unjustified" and "unilateral". "..If Indian goods are facing difficulties entering the US market, the Russian market is welcoming Indian exports....," he said. "The sa ...Read More >
New Delhi, Aug 21 (PTI) India is neither the biggest purchaser of Russian oil nor it has the biggest trade surge with Moscow after 2022, External Affairs Minister S Jaishankar said on Thursday, in what appears to be the first clear response by a top government functionary following the US slapping an additional 25 per cent tariff on Indian goods for buying Russian oil. Jaishankar made the remarks in response to a question at a joint media briefing with Russian Foreign Minister Sergey Lavrov. " ...Read More >
India defends its right to purchase from the cheapest source, while strengthening ties with Russia and China. Russia expects India to continue buying its oil, a senior official said, even as the South Asian nation faces higher US tariffs and harsh criticism from Trump administration officials for the trade. India's imports of Russian crude are likely to stay at current levels, Evgeny Griva, the deputy trade representative of Russia in India, told reporters in New Delhi on Wednesday. The remark ...Read More >
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