Gold and silver prices slipped weighed down by a firm US dollar, Yields and persistent uncertainty around the Middle East conflict, as markets remained cautious over the prospects of fresh US-Iran peace talks. Bullion struggled for direction after President Trump announced an indefinite ceasefire extension, but with no clear diplomatic progress, as Iran demanded the…
MUMBAI: Reserve Bank of India ramped up dollar purchases in Feb, signalling a shift to rebuilding forex reserves after the rupee stabilised following the US–India trade deal announcement in the same month.Despite heavy spot purchases, net forward sales stood at $77.7 billion, indicating continued reliance on forward markets. While Feb did provide an opportunity for…
MUMBAI: Bank lending is back in favour. In FY26 it reclaimed primacy in financing India’s commercial sector, its share of total resource flows climbing to a three-year high, as per RBI’s April bulletin.The shift is stark. Total resource flows reached Rs 44.7 lakh crore in FY26, while nonfood bank credit surged to Rs 29.2 lakh…
NEW DELHI: Government has started to assess potential risks from advanced artificial intelligence (AI) models, such as Anthropic’s Mythos, with finance minister Nirmala Sitharaman and IT minister Ashwini Vaishnaw chairing a high-level meeting on Thursday with banks and regulators to review emerging threats from AI models.The meeting was attended by senior officials from the Reserve…
Just as bitcoin BTC$77,813.35 appeared to have built momentum for a breakout above $80,000, macro uncertainty reemerged as a headwind. The most notable development came from the Pentagon, which told U.S. lawmakers in a classified briefing that clearing mines in the Strait of Hormuz, a major oil chokepoint, could take at least six months, and…
MUMBAI: The ceasefire in West Asia has provided “a breather to the global economy”, but RBI cautioned that “downside risks to the global outlook” have increased even as “upside risks have increased” on the inflation front, signalling a more fragile balance for the Indian economy in its latest State of the Economy assessment.The report adopts…
Prime Minister Narendra Modi NEW DELHI: Prime Minister Narendra Modi on Friday shared pictures of himself spending time on the banks of the Hooghly river in Kolkata and taking a boat ride.In the visuals shared by the Prime Minister, he is seen seated on a wooden boat with a camera in hand, with the Vidyasagar…
Global oil prices rose on Friday amid renewed fears of escalation in the Middle East after Iran released footage showing commandos boarding a cargo ship in the Strait of Hormuz and reports of heightened military activity in Tehran.Brent crude futures rose $1.23, or 1.17%, to $106.3 per barrel by early trading, while West Texas Intermediate…
MUMBAI: Amazon is betting a fresh $300 million (over Rs 2,800 crore) on India to widen its operations network and boost its quick commerce business, a space where the firm has been a late entrant, lagging in market share.The Seattle-based e-commerce company has set a target of more than doubling the footprint of its quick…
Meta Platforms plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence. The company disclosed the move in a memo sent to employees Thursday, saying the layoffs will come on May 20. Meta also won’t hire workers for 6,000 open roles…
