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Despite initial concerns over increased US tariffs, Indian markets closed higher due to late buying and positive news, including potential peace talks and upcoming visits by global leaders. While some sectors like textiles and engineering faced setbacks, optimism surrounding international relations boosted auto, pharma, metals, and energy stocks.
Gold prices in India surged to unprecedented levels on Thursday, driven by ongoing tariff conflicts, disappointing US economic figures, and a weakening rupee. The yellow metal surpassed Rs 1.02 lakh/10 gm on MCX, reaching highs of Rs 1, ...more
RBI has granted AU Small Finance Bank in-principle approval to transition into a universal bank, marking the first such approval in a decade. Founded as an NBFC in 1996, AU became the largest SFB and the first to seek universal status u ...more
Indian Continent Investment, a promoter group entity of Bharti Airtel, is set to sell a 0.8% stake in the telecom giant for approximately Rs 9,310 crore through block deals. The deal, managed by Jefferies and JP Morgan, involves offload ...more
Economists warn that additional US tariffs on Indian goods could significantly impact economic growth, potentially exceeding previous estimates of 0.2-0.4 percentage points. While negotiations are possible before the August 27 deadline, ...more
Fitch Ratings estimates the US effective tariff rate at 17% after recent reciprocal tariff announcements. Indian goods faced a 20.8% rate before August 27, including exemptions. While the US average tariff was 3.3% in 2024, additional d ...more
Starting January 1, 2026, the RBI mandates banks to settle claims of deceased customers within 15 days with complete documentation. Failure to comply results in penalties: interest on deposit delays and a daily charge for locker access ...more
India's IT sector faces a double blow as AI-driven rate cuts combine with Trump's 25% tariffs. Experts predict dampened sentiment and stalled discretionary spending, particularly in manufacturing, logistics, and retail. The tariffs stok ...more
India is currently OpenAI's second-largest market worldwide behind the United States.
The Bank of England reduced interest rates to 4% due to economic concerns. This is the fifth cut since August 2024. The move aims to counter rising US tariffs and domestic tax hikes. Inflation rose to 3.6% in June. Growth forecast is sl ...more
“As companies look to accelerate this transformation, prioritising data regionalisation is becoming a strategic imperative, enabling trust, transparency, and seamless collaboration,” said Kamolika Peres Gupta, Vice President, India and SAARC, Autodesk
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