Benchmarking its market access strategy to product sensitivity, India will grant quota-based duty concessions in the automobile sector while offering market access to alcoholic beverages under tariff reduction and minimum import price-based formulations under the trade pact with the United States, the government said on Monday, PTI reported. Under the agreement, tariffs on $30.94 billion…
US stock market at new highs (AI image) US President Donald Trump sees the US stock market doubling from here by the end of his term. Praising the first year of his second term, Trump expressed confidence that the stock market could double within the next two years after the Dow Jones Industrial Average closed…
Silver prices surged more than 6 per cent to Rs 2.72 lakh per kilogram in the national capital on Monday, while gold climbed nearly 1 per cent to Rs 1.58 lakh per 10 grams, supported by firm global trends and a weaker US dollar.According to local marketmen, silver rose Rs 17,000, or 6.66 per cent,…
Balancing India’s manufacturing expansion ambitions with its net zero commitments is emerging as a key structural challenge, Chief Economic Advisor (CEA) Anantha Nageswaran said, noting that the country must grow industrial capacity even as it works to lower its carbon footprint.Speaking to ANI on the sidelines of the launch of the Niti Aayog study report…
Before the start of the Russia-Ukraine conflict in early 2022, India bought very little of Russian oil. (AI image) With US President Donald Trump signing an executive order removing the 25% penal tariffs on India, contingent on New Delhi stopping imports of Russian crude, reports suggest that the oil procurement from Russia may come down…
Public sector banks posted a record cumulative profit of Rs 52,603 crore in the third quarter of the current financial year, marking an 18 per cent year-on-year rise, led by strong performance from the country’s largest lender State Bank of India (SBI).All 12 public sector banks (PSBs) had posted a combined profit of Rs 44,473…
Representative image generated by AI (Gemini) In a move aimed at modernising retirement fund access, EPFO is working on a new mobile application that may allow subscribers to withdraw a portion of their EPF savings instantly through the UPI payment gateway. The app, expected to be launched around April, is part of efforts to reduce…
When exchanges are active and predictable, FPOs can aggregate produce and hedge prices before harvest. (AI image) By Dr. Arun Raste, MD and CEO, NCDEXIndian agriculture has always had the backing of strong public policy support. Systems like MSP, procurement and buffer stocking have played a stabilising role for decades. They give confidence to farmers…
IT stock investors are struggling with sharp losses as the sector is going through a phase of massive sell offs. In the past three trading sessions, Nifty IT index has plunged almost 8%, erroding almost Rs 2.5 lakh crore from the market value. Traders are also concerned about concerns over AI automation, that could majorly…
Multiple factors have been linked to the recent sharp correction seen in both gold and silver. (AI image) Gold, silver price today: Gold and silver prices have rebounded on Monday after last week’s crash. The yellow metal and white metal are up both in international and domestic markets. Gold and silver futures saw a strong…
