Gold prices are expected to remain volatile in the coming week as investors monitor developments around the US government funding bill, labour market data, and commentary from the Federal Reserve, analysts said. The release of the Federal Open Market Committee (FOMC) minutes on Thursday is also likely to influence bullion market sentiment.“The week ahead is […]
India-EU FTA: 14th round of trade talks to begin on October 6; aim to finalise deal before year-end
India and the European Union (EU) are gearing up for the 14th round of free trade agreement (FTA) negotiations in Brussels on Monday, as both sides aim to smoothen out the differences and finalise the deal by the end of the year.Senior officials from India and the 27-member bloc will hold a five-day round of […]
Stock market: M-cap of 7 of top-10 most valuable firms jumps Rs 74,573 cr; HDFC gains top spot
Last week, the combined market value of seven of India’s ten most valuable companies rose by Rs 74,573.63 crore, with HDFC Bank emerging as the top performer.Even during the holiday-shortened trading week, the BSE benchmark surged 780.71 points, or 0.97%, while the Nifty also gained 239.55 points, registering a 0.97% rise.HDFC Bank, Tata Consultancy Services […]
H-1B visa fee hike: Businesses warn changes would harm US economy; urge Trump admin for employer friendly reforms
Business groups have raised concerns over US President Donald Trump’s decision to impose a $100,000 fee on H-1B visa applications, warning that the move could hurt the US economy. They also called on the administration to avoid changing the skilled worker program that would add even more burden to companies.In a letter to Donald Trump […]
Bitcoin reaches all-time high! Largest crypto surpasses $125,000 mark; ‘debasement’ trade spurs risk rally
Bitcoin soared to a new all-time high on Sunday, breaking past the $125,000 mark as safe-haven demand surged.The world’s largest cryptocurrency reached $125,689 in Asia, driven by investor concerns over the US government shutdown. The cryptocurrency smashed its previous record of $124,514 set on August 14, boosted by gains in US stocks and fresh inflows […]
Wall Street rally: US market surging despite US gov shutdown concerns; here is what to look for
Investors were bracing for turbulence on Wall Street as the US government shutdown delayed key economic reports. Yet, defying expectations, the stock market surged on Friday, with both the S&P 500 and the Dow Jones Industrial Average hitting record highs.The rally isn’t just driven by Big Tech. Though companies like Nvidia, riding the AI boom, […]
Pakistan pitches port on Arabian Sea to US; eye on minerals hub development: Report
US President Donald Trump during a meeting with Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir at the White House last month Advisers to Pakistan’s military chief, Asim Munir, have reportedly approached US officials with a proposal to construct and operate a port at Pasni on the Arabian Sea, offering Washington a strategic […]
‘Swadeshi Campaign’ launch: Govt pushes to boost Indian textiles; domestic market demand expected at $250 billion by 2030
The ministry of textiles has launched the ‘Swadeshi Campaign’ to boost domestic demand for handloom, handicrafts, and textile products across India. The initiative, which will run for six to nine months, aims to reposition Indian textiles as symbols of pride, style, and heritage, particularly among urban youth and Gen Z consumers. According to the government […]
India-EU FTA talks continue: Key issues remain unresolved, says envoy; claims deal could be a ‘game changer’
AI image used for representative purposes The potential free trade agreement (FTA) and investment protection pact between India and the EU could be a “game changer” amid rising tariffs and market access restrictions in other regions, said EU Ambassador Herve Delphin. Speaking ahead of the 14th round of FTA negotiations in Brussels, Delphin acknowledged that […]
India’s services, manufacturing’s export potential untapped; FDI a concern: World Bank South Asia chief economist
India’s services and manufacturing exports hold significant untapped potential for overseas investors, according to Franziska Ohnsorge, Chief Economist for South Asia at the World Bank.“I draw attention to two opportunities for investment. One is in services exports and the other is in goods exports because it’s the export industry rather than tradable industries that foreign […]