US President Donald Trump renewed his call for a significant interest rate cut Monday, intensifying pressure on the Federal Reserve just a day before its two-day policy meeting. Posting on his Truth Social account, Trump said: “Too Late” MUST CUT INTEREST RATES, NOW, AND BIGGER THAN HE HAD IN MIND. HOUSING WILL SOAR!!! President DJT”…
India’s merchandise exports rose 6.7 per cent year-on-year to $35.1 billion in August, while imports fell 10.12 per cent to $61.59 billion, according to government data released on Monday.Exports were valued at $32.89 billion in the same month last year, while imports had stood at $68.53 billion, PTI reported.The country’s trade deficit narrowed to $26.49…
Tesla Chief Executive Officer Elon Musk purchased about more than 2.5 million shares worth $1 billion, according to a regulatory filing, reported news agency AP.The billionaire bought the stock indirectly through a trust on September 12, the filing showed. Tesla shares jumped as much as 7.3% before the start of regular trading, putting the stock…
IndiGo will introduce India’s first Airbus A321XLR aircraft on the Athens route, with services beginning in January 2026, the airline announced on Monday. The carrier is scheduled to take delivery of the aircraft by the end of this year, marking a major step in its international expansion.According to news agency PTI, IndiGo plans to operate…
Facing mounting cancellations of nearly half the shrimp export orders, Andhra Pradesh CM N Chandrababu Naidu has said US tariffs have inflicted losses of around Rs 25,000 crore on the state’s aquaculture sector.Andhra Pradesh Chief Minister N Chandrababu Naidu has said that American tariffs have dealt a heavy blow to the state’s shrimp exports, causing…
Faster adoption of Artificial Intelligence (AI) across industries has the potential to add $500-600 billion to India’s GDP by 2035, according to a Niti Aayog report.The report, titled ‘AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth’, projects that AI could significantly raise productivity and efficiency, making it a decisive lever for India’s growth…
US President Donald Trump urged NATO nations to implement substantial tariffs ranging from 50 to 100 per cent on China. (AI image) China has reacted strongly to the Donald Trump administration’s call to G7 and NATO to impose tariffs on countries that import Russian crude oil. The world’s second largest economy has called US statements…
India’s wholesale price inflation (WPI) moved back into the positive zone in August, rising to 0.52 per cent after staying in deflation for two straight months, according to government data released on Monday. WPI had recorded (-) 0.58 per cent in July and (-) 0.19 per cent in June, while it stood at 1.25 per…
Experts say bond investors need to be cautious because chances of a rate cut have dwindled, while inflation may see a comeback. (AI image) Bond investors who had pinned hopes on aggressive rate cuts this year have learnt a hard lesson. Despite big rate cuts, which should have pushed up bond prices, bonds have faced…
Gold prices on Comex reached an unprecedented $3,715.2 per troy ounce, whilst silver exceeded $43, achieving its highest value in 14 years. (AI image) Gold vs Sensex: Gold has delivered superior returns compared to Sensex over a several year horizon. Gold has surpassed domestic equities in terms of returns, primarily due to unprecedented buying by…
