Indian equities are set for a data-heavy, holiday-shortened week in which the Reserve Bank of India’s policy decision, tariff-related developments and global cues will steer market sentiment, analysts said. Trading will remain shut on Thursday for Dussehra and Gandhi Jayanti.Alongside the RBI’s October 1 rate decision, investors will track key macro data such as industrial […]
RBI rate cut: SBI sees 25 bps easing as best option; why experts prefer status quo
A SBI research report has pitched for a 25 basis points (bps) cut in the repo rate, calling it the “best possible option” for the Reserve Bank of India (RBI), even as several experts believe the central bank’s Monetary Policy Committee (MPC) may once again choose to hold rates steady in its upcoming policy review.The […]
Gold rate outlook: Bullion rally may stretch this week; US jobs data, festive demand in focus; analysts warn of profit-taking
Gold rate outlook: Gold and silver prices are likely to extend their rally this week, though late profit-taking could cap gains amid key global economic releases, analysts said.Traders will watch out for PMI data, US non-farm payrolls, employment numbers, consumer confidence, and speeches by Federal Reserve officials for direction, PTI reported.“… we expect the current […]
‘We need to fix India’: Howard Lutnick urges New Delhi to ‘play ball’ with Trump; ‘avoid policies that harm US’
Donald Trump‘s commerce secretary, Howard Lutnick, on Sunday said India must “react correctly” to the United States, adding that “we need to fix a bunch of countries,” amid the ongoing trade tensions demanding an end to policies “harming” American interests.In an interview with News Nation, Lutnick stated that India must open its markets and avoid […]
‘Maruti moment’: India aims Rs 70,000 crore package for domestic shipbuilding; reduce reliance on foreign vessels
India is aiming for a “Maruti moment” in shipbuilding, seeking to replicate the success of Maruti Suzuki’s 1980s automobile revolution. The government announced a Rs 70,000-crore ($8 billion) package to revitalize domestic shipyards, boost India’s maritime ecosystem, and reduce the country’s heavy reliance on foreign vessels, which currently handle about 95% of its import-export trade. […]
Jaguar Land Rover cyberattack: UK pledges $2 billion loan guarantee; move aims to secure supply chain
The UK government has announced a loan guarantee of up to £1.5 billion ($2 billion) to support Jaguar Land Rover (JLR) after a major cyberattack forced the carmaker to suspend production at its UK factories, the trade minister said on Sunday.JLR, the Tata Motors-owned luxury automaker, said earlier this month it was hit by hackers, […]
‘Snapback’ over nuclear programme: UN hits Iran with sanctions; economy, tensions likely to worsen
File photo (Picture credit: AP) The United Nations has reimposed wide-ranging sanctions on Iran over its nuclear programme, further tightening the squeeze on the Islamic Republic as it grapples with soaring food prices, currency collapse and fears of renewed conflict with Israel and the United States.According to news agency Associated Press (AP), the sanctions—revived through […]
Bloodbath on Dalal Street: Indian stocks sink after Trump’s twin blows; 440 of 500 stocks tumble on BSE 500
Dalal Street took a hit this week as more than 440 out of 500 stocks on the BSE 500 ended in red after two heavy blows from US President Donald Trump. The BSE 500 index dropped 3.3% while 17 names fell by double digits and lost as much as 14%. All sectors closed lower on […]
Trade tensions: India, Brazil, South Africa slam unilateral tariffs; ‘discriminatory’ and ‘inconsistent’ with WTO
India, Brazil and South Africa have raised concerns over unilateral tariffs and other coercive trade measures, saying such steps risk destabilising global markets and undermining the World Trade Organisation (WTO).At a meeting under the IBSA framework (India, Brazil, South Africa), the three nations described these measures as “discriminatory” and “inconsistent” with WTO rules.The meeting was […]
India’s first bullet train on tracks soon! Surat-Bilimora section ready by 2027; check details
Union railway minister Ashwini Vaishnaw announced on Saturday that India’s first bullet train will soon be a reality, with the Surat to Bilimora stretch set to become operational by 2027.He said work on the stations and tracks is making “really good progress” and that several new technologies on the tracks could benefit future railway projects […]