The dollar fell against all of its major peers after a rate check Friday by the Federal Reserve Bank of New York spurred speculation the US may assist Japan in efforts to boost the yen. Gold rose above $5,000 for the first time and US stock futures dropped with Japanese shares. Bloomberg’s gauge of the…
India is celebrating its 77th Republic Day on Monday, January 26 this year. Republic Day marks a defining milestone in the country’s national journey. It marks the day the Constitution of India came into force on January 26, 1950, formally establishing the country as a ‘Sovereign Democratic Republic’. While independence on August 15, 1947 ended colonial…
MUMBAI: A study of state finances by RBI shows that while the fiscal deficit of Indian states has widened modestly in recent years, funding patterns have become more market-driven and disciplined, with growth headroom differing sharply between younger and more mature states.The consolidated gross fiscal deficit of states peaked at 4.1% of GDP in 2020-21…
NEW DELHI: Ahead of the India-European Union free trade agreement – which is all set to be announced on Tuesday – all eyes are on several crucial sectors, where domestic industry has pitched for zero duty concessions to be able to compete more effectively with competitors, such as Bangladesh and Vietnam.Among the top asks is…
NEW DELHI: Amid outflows, foreign portfolio investors (FPIs) have sought a review of the taxes applicable on them, especially capital gains.Those familiar with the deliberations said the issue has been raised with market regulator Sebi as well as govt officials with certainty in tax policies being underlined repeatedly.Apart from high cost of trading in India…
MUMBAI: Chiefs of India’s consumer companies are seeking more tax cuts, wider measures to put money in the hands of the middle-class and support consumption, which has begun to look up after months of sluggishness but runs the risk of being buffeted by external macro factors. CEOs are also pinning hopes on the Budget to…
The Pak-India Business Council (PIBC) on Sunday urged both countries to resume dialogue without further delay to resolve outstanding issues as it extended greetings to Indians ahead of their 77th Republic Day. PIBC is a bilateral think tank and advocacy body focused on enhancing trade and commercial relations between Pakistan and India. Wishing Indians across…
NEW DELHI: Ahead of the India-European Union free trade agreement – which is all set to be announced on Tuesday – all eyes are on several crucial sectors, where domestic industry has pitched for zero duty concessions to be able to compete more effectively with competitors, such as Bangladesh and Vietnam.Among the top asks is…
Investors have made a pile of money recently by focusing on niche stocks in the AI trade. Earnings from some of the world’s biggest technology companies this week will offer an indication of whether they should stick to that strategy in 2026. The Magnificent Seven tech giants — Alphabet Inc., Amazon.com Inc., Apple Inc., Meta…
A massive winter storm sweeping across the US triggered what is shaping up to be one of the worst air travel meltdowns since the Covid-19 pandemic, forcing some major airlines to cancel more than half of their scheduled flights. More than 16,000 US flights have been canceled from Saturday through Monday, according to data from…
