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Food inflation is expected to remain under control in the second half of FY26, supported by better monsoon rains and improved sowing conditions. However, ICICI Bank’s Global Markets sectoral update has warned that an “adverse base” could push food inflation higher in FY27. A base effect means inflation can look unusually high or low depending…
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The government is evaluating a proposal to substantially reduce taxes on bond investments made by foreign investors. (AI image) Stock market rally today: Sensex and Nifty50 rallied strongly in trade on Thursday as firm global cues and possible steps to stem rupee’s fall boosted confidence. Both benchmarks rose over 1%, even as global and domestic…
For years, Michael Saylor’s Strategy built its brand around a simple mantra: Buy Bitcoin. Never sell. This week, that narrative changed. The company authorized up to $1.25 billion in Bitcoin sales under a new capital framework. At current prices, that equates to roughly 21,000 BTC that could eventually hit the market — a reminder that…
Applications for unemployment benefits in the US rose last week but remained within a stable range, indicating resilience in the labour market despite global economic uncertainties, AP reported.Initial jobless claims increased by 16,000 to 2,19,000 for the week ending April 4, up from 2,03,000 in the previous week and higher than analysts’ expectations of 2,10,000,…
China’s slow ramp up of U.S. soybean imports this year underscores how Beijing has gradually increased its domestic production, thanks to policy support. “The course of improvement in food self-sufficiency mirrors the efforts in China’s energy and chips security,” Goldman Sachs analysts said in a Dec. 9 report about China agriculture stock plays. Beijing’s top…
JAMMU: The Centre has made it clear that Ladakh will not be granted Sixth Schedule status or statehood, two key demands of Leh Apex Body (LAB) and Kargil Democratic Alliance (KDA), the region’s two major political organisations said after talks in New Delhi last week.The Sixth Schedule of the Constitution allows special administrative arrangements for…
Ripple CEO Brad Garlinghouse called it “the moment” for the industry, saying the industry deserved “the same rules and protections as every other asset class.” Standard Chartered projected $4 billion to $8 billion in additional inflows into U.S. spot XRP exchange-traded funds if the bill passes. They have attracted roughly $1.4 billion since January, according…
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