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India, the world’s second-largest consumer of gold after China, largely imports the precious metal to meet demand from the jewellery sector. These purchases result in a significant outflow of foreign exchange. Under the duty revisions announced on Wednesday, the government doubled the basic customs duty on gold to 10%, while the agriculture infrastructure and development…

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The structural case for India remains intact. Growth is steady, policy support is strong, and domestic flows provide stability. (AI image) By Motilal OswalAs we enter FY27, Indian equity markets are balancing strong domestic fundamentals against an uncertain global backdrop. While policy support, improving growth, and resilient domestic flows provide a solid foundation, geopolitical risks—particularly…

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Ford has redrawn its electric vehicle roadmap, announcing that it will pull back from large EVs as the US carmaker transitions towards hybrids, petrol-powered trucks and a new battery storage venture. The auto giant also predicted profits to take a hit of almost $19.5 billion in the next few years.The US automaker, on Monday, said…

Mumbai: In another twist in the legal battle involving Bharat Forge chairman Baba Kalyani and his sister Sugandha Hiremath, the Bombay high court on Monday allowed Sugandha’s children to amend their lawsuit. The HC order enables them to seek a restraint on voting rights attached to shares of Kalyani Group companies that were acquired using…

Artificial Intelligence (AI) could add as much as $1.7tn to India’s economy by 2035, positioning the technology as one of the country’s most powerful growth engines over the next decade, according to government estimates.The projection comes as India ramps up public investment and policy support for AI through initiatives such as the IndiaAI Mission, which…