Generative image Top economists, fund managers and India Inc leaders reacted enthusiastically to the news about the end of months of uncertainty about a trade deal between US and India. Their reactions were varied: From strong nationalistic fervour, to how the deal has the potential to rejuvenate a global supply chain, to how the benefits…
India-US trade deal impact: Rupee appreciates vs US dollar (AI image) India-US trade deal impact: The Indian rupee appreciated sharply against the US dollar on Tuesday after American President Donald Trump and Prime Minister Narendra Modi announced a trade agreement between India and the US late Monday night. Rupee appreciated by over 1% against the…
Precious metals prices bounced back sharply on Tuesday, with gold and silver gaining over 2 percent after suffering steep losses in the previous session. The earlier decline was driven by the nomination of Kevin Warsh as the next chair of the US Federal Reserve and a hike in margin requirements by CME Group. Spot gold…
MUMBAI: Government bond yields hardened on Monday, with the benchmark 10-year paper closing at a more than one-year high as a larger-than-expected borrowing programme weighed on demand ahead of the policy meeting, even as the rupee posted its best gains since Dec.The benchmark 10-year yield settled at around 6.77%, sharply higher than the previous session…
A day after presenting her ninth Budget, finance minister Nirmala Sitharaman spoke at length on a range of topics with TOI’s Sidhartha and Surojit Gupta. While she is confident the domestic situation is under control, she feels her biggest challenge ‘will be external’What do you see as the big upside and the downside risk to…
Stock market today (AI image) Stock market today LIVE after India-US trade deal: Nifty50 and BSE Sensex soared in opening trade on Tuesday, reacting positively to the India-US trade deal announcement by US President Donald Trump and Prime Minister Narendra Modi. While Nifty50 went above 25,800, BSE Sensex surged over 2,300 points. At 9:16 AM,…
In a relief to small taxpayers, the finance minister has proposed to give them an option to file applications for obtaining lower or nil TDS certificates electronically. A taxpayer typically applies for a lower or nil TDS certificate when their actual tax liability for the year is lower than the standard TDS rate (or nil)…
DEA Secretary Anuradha Thakur Economic Affairs secretary Anuradha Thakur expects foreign capital inflows to improve on the back of Budget measures that have been unveiled and is confident that the growth momentum will sustain. Excerpts:Given the challenges that the economy faces, how do you see the growth-inflation dynamics playing out in the short term?■ I…
CBIC chairman Vivek Chaturvedi CBIC chairman Vivek Chaturvedi is confident about meeting Budget targets and details number of reform measures that have been announced to shore up approvals using technology. Excerpts:A number of reform measures have been announced on the Customs side in the Budget. What is the strategy behind this?■ The FM, in her…
US Senator Lindsay Graham has linked the US trade deal to India lowering crude oil imports from Russia, and hailed Trump’s pressure tactics. (AI image) India-US trade deal: Lindsey Graham, the US Senator, who was propagating a bill that would impose 500% tariffs on countries buying Russian crude oil has said that India has ‘earned’…
