The S&P 500 and the Nasdaq declined on Monday, with technology stocks among the largest fallers, as investors took a cautious approach to U.S. equity markets ahead of the Trump administration’s upcoming tariff plans being announced. Global stocks tumbled, gold prices scaled new highs and U.S. government bonds climbed after U.S. President Donald Trump said…
FILE PHOTO: A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. | Photo Credit: ANGUS MORDANT U.S. President Donald Trump on Sunday threatened Russia with sanctions on their oil imports should they not agree to “make a deal” to…
As per Minimum Work Programme for which commitments have been taken from these entities, the country will have 120 million PNG (domestic) connections and 17,500 CNG stations by 2030. File | Photo Credit: The Hindu In a significant change to regulations, oil and gas regulator PNGRB has proposed a new policy for how tariffs for pipelines…
Gold prices on Monday soared above $3,100 per ounce for the first time as concerns around U.S. President Donald Trump‘s tariffs and the potential economic fallout, combined with geopolitical worries, drove a fresh wave of investments into the safe-haven asset. Spot gold prices hit a record high of $3,106.50 per ounce. Gold prices have hit…
According to revised national accounts data released by NSO last month, real GDP growth rates for FY23 to FY25 are now estimated at 7.6%, 9.2% and 6.5%. The Indian economy is likely to grow at 6.5% in the fiscal year starting April 1, EY Economy Watch said, emphasising that a well-calibrated fiscal strategy that supports…
India and the U.S. have decided to hold sector-specific talks in the coming weeks to finalise the structure of the proposed bilateral trade agreement (BTA), the government said on Saturday (March 29, 2025). The engagement between the two countries came in the backdrop of the USA’s threat to impose reciprocal tariffs on its key trading…
Gold ($3,085/ounce) and silver ($34.1/ounce) gained 2 per cent and 3.2 per cent respectively last week. In the domestic market, gold futures (₹89,687/10 gm) and silver futures (₹1,00,457/kg) were up 1.3 per cent and 2.6 per cent respectively. MCX-Gold (₹89,687) Gold futures (June) began last week on the back foot by declining on Monday. However,…
US tariff uncertainties are likely to push gold prices to ₹87,000- ₹90,000 in the first half of the calendar year 2025 (January- June), according to a report by ICICI Bank Global Markets. Currently, the gold prices are at around ₹83,410 per 10 grams for 22-carat and ₹90,990 per 10 grams for 24-carat, publicly available data…
India is not likely to opt for across-the-board tariff reduction and may instead work around reciprocal tariffs by easing non-tariff barriers, according to economists at Barclays Research. “A reciprocal, like-to-like tariff by the U.S. may increase India’s import tariff to 15.7% from the current 2.7%, covering almost all exports,” according to the note. A way…
India and the visiting U.S. officials have decided to hold a wrap-up session on Saturday (March 29, 2025) morning to conclude the three-day talks on the proposed bilateral trade agreement, government sources said. They said the discussions are at a “very” early stage. A team of U.S. officials, headed by Assistant U.S. Trade Representative for…
