MUMBAI: A day after US Trade Representative Jamieson Greer’s comments on India giving its best offer for a trade deal, commerce & industry minister Piyush Goyal Thursday said Washington should move ahead and sign an agreement. “His happiness is very much welcome. And, I do believe that if they are very happy, they should be…
NEW YORK: After three consecutive interest rate cuts, investors now confront an uncertain US monetary policy outlook for the year ahead, clouded by persistent inflation, data gaps, and an impending leadership change at Federal Reserve.The US Federal Reserve cut interest rates by a quarter-percentage point on Wednesday in an uncommonly divided vote, but signaled it…
MUMBAI: Relentless rally in silver continued in global markets on Thursday that in turn, combined with the rupee’s recent weakness, pushed up domestic prices on the MCX to an all-time high level of over Rs 1.9 lakh/kg. In the international market, in mid-day trades, silver prices touched a new life-peak at $63.25/ounce. In the spot…
Indian mutual fund assets surged past Rs 80 lakh crore in November, fueled by robust equity and hybrid scheme inflows. Despite outflows from debt funds, particularly overnight and liquid categories, investor confidence remains strong. SIP contributions continue to grow, highlighting a commitment to long-term, disciplined investing, now accounting for over a fifth of total assets….
MUMBAI: Institutional investors usually dominate pre-IPO placement, but a host of star individual fund managers crowded ICICI Prudential Asset Management’s (I-Pru MF’s) pre-IPO book. The family offices of two of India’s software sector pioneers – Azim Premji of Wipro and Shiv Nadar of HCL Group – also invested in this round, merchant bankers said. They…
Rural India’s economic health is booming, with 80% of households reporting increased consumption and 67.3% of income now dedicated to spending. A significant 42.2% saw income growth, and optimism for the next year is at its highest since September. Capital investment has also surged, driven by strong consumer demand and income gains, not credit issues….
BENGALURU: The Delaware Bankruptcy Court in US reversed its earlier $1 billion default damages judgment against Byju Raveendran and ordered a fresh phase of proceedings to determine whether any damages are owed, according to an amended order issued after Raveendran filed a motion seeking correction. The court held that damages were not determined on the…
Businesses can now open current and overdraft accounts with more banks as the RBI has raised the loan threshold for restrictions to Rs 10 crore. This move offers greater flexibility, allowing companies to manage payments and collections across a wider banking network. The revised framework, effective April 1, 2026, aims to reduce dependence on single…
Microsoft CEO Satya Nadella emphasized cyber resilience as crucial for sovereignty, warning that isolation from global threat intelligence creates vulnerabilities. He highlighted AI’s role in evolving software development and announced significant AI partnerships in India, underscoring a new era of innovation driven by data and multi-model reasoning for enhanced decision-making. BENGALURU: Microsoft CEO Satya Nadella…
Mexico’s Senate approved a bill imposing 5-50% tariffs on over 1,400 Asian products, including India’s, starting next year. This move, targeting China’s massive output, could significantly impact India’s automotive and auto parts exports, valued at $1.1 billion. The tariffs aim to boost Mexican revenue and potentially ease US trade pressure. Mexico’s Senate Wednesday voted in…
