India’s merchandise exports fell 11.8% to $34.38 billion in October, even as inbound shipments registered strong growth, pushing the trade deficit to $41.68 billion, government data released on Monday showed.Imports jumped 16.63% to $76.06 billion, driven largely by a sharp rise in precious metal inflows, PTI reported. Gold imports surged to $14.72 billion, nearly tripling…
Gold and silver prices retreated on Monday as traders pared positions following hawkish remarks from US Federal Reserve officials, which weakened hopes of a rate cut in the upcoming policy meeting. The shift in sentiment pulled bullion prices lower after last week’s strong rally.On the Multi Commodity Exchange (MCX), gold futures for December delivery slipped…
The biggest advantage of annuities is their longevity protection. (AI image) For most retirees, the most important financial goal is to ensure they don’t run out of money in their sunset years. The transition from earning a salary to depending on one’s savings can be unsettling. After decades of saving and investing, one wants stability,…
File photo (Picture credit: AP) Asian markets started the week on a weak note, with investors turning cautious amid fading expectations of a US rate cut and rising concerns over stretched tech valuations. The uncertain mood also spilled over into cryptocurrencies, with bitcoin briefly dipping below its end-2023 level.As per news agency AFP, traders are…
Market experts maintain a positive outlook for Indian equities, supported by declining retail inflation and favourable corporate earnings results. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Monday. While Nifty50 was above 25,900, BSE Sensex crossed 84,600. At 9:16 AM, Nifty50 was trading at…
MUMBAI: Blame it on quick commerce that’s made Indians used to getting groceries and a host of other products including make-up, light jewellery items and occasionally even iPhones in 10 minutes, consumers now want their food to get delivered faster unless it’s a gourmet recipe or something they want to have at leisure. They would…
CHAMPIONS OF CONTINUITY: Ashok Vaswani Uday Kotak Kotak Mahindra Bank’s MD & CEO (L) with founder ‘Over 40 Yrs, Capital Discipline Has Shaped Us… Two Years After I Stepped Down, The Institution Has Managed The Transition & Is Thriving With Leaders Like Ashok Vaswani’Two years after stepping down as Kotak Mahindra Bank’s CEO, Uday Kotak…
Representative image (Picture credit: AP) The Federal Aviation Administration will lift all flight-reduction orders at 40 major airports from Monday, allowing airlines to return to normal operations after weeks of shutdown-triggered disruptions.In a joint statement, transportation secretary Sean Duffy and FAA administrator Bryan Bedford said regular schedules can resume from 6 am EST on Monday….
Paul Gruenwald, global chief economist at S&P Global Ratings, was in India last week. In an interaction with TOI, he spoke on a range of issues from the state of the US economy, the impact of tariffs on the global economy to India’s strong economic growth. Excerpts: How do you look at global economy, given…
SINGAPORE: Payments giant Visa is looking to launch agentic commerce pilots across the Asia-Pacific region as regulatory and ecosystem readiness advances by early next year. Agentic commerce refers to a new era where AI-powered agents shop and pay on behalf of users. The company’s Visa Intelligent Commerce (VIC) programme incorporates features like tokenisation, authentication, payment…
