[ad_1] Chief Economic Advisor V Anantha Nageswaran on Friday said India’s economy is expected to grow between 6.3% and 6.8% in FY26, adding that high US tariffs are unlikely to cause any significant downside risks. He stressed that the tariff impact will be temporary and will not derail India’s growth momentum.Impact of high US tariffs…
[ad_1] Stocks retreated on Wall Street on Friday, pulling back from their latest all-time highs, after fresh inflation data showed prices largely holding steady. The S&P 500 fell 0.5% a day after notching a record high and remains on track to end August with a nearly 2% gain, its fourth consecutive month of advances.The Dow…
[ad_1] Gold rate today: Gold prices in the national capital surged Rs 2,100 to an unprecedented Rs 1,03,670 per 10 grams on Friday, extending gains for the fourth straight session. Dealers said persistent buying by stockists, a weaker rupee, and heightened global uncertainties lifted the yellow metal to a fresh peak.Gold of 99.9% purity, which…
[ad_1] India’s fiscal deficit touched 29.9% of the full-year target at the end of July, data released by the Controller General of Accounts (CGA) on Friday showed.The gap between government expenditure and revenue was significantly higher compared to the same period last year, when the fiscal deficit stood at 17.2% of the Budget Estimates (BE)…
[ad_1] The rupee on Friday tumbled past the 88-per-dollar mark for the first time, finishing the day at an all-time closing low of 88.19 (provisional). The sharp fall of 61 paise came amid escalating trade frictions with the US, month-end dollar demand and sustained foreign fund withdrawals.Dealers said the currency was under continuous stress after…
[ad_1] Indian consumers are set to benefit from a significant easing in the Goods and Services Tax (GST) structure, as the government plans to reduce tax slabs and lower rates on several key items. The proposed overhaul will simplify the current four-tier structure into a two-tier system, aiming to make goods more affordable and boost…
[ad_1] The United States has moved to end its long-standing de minimis tariff exemption for small international packages, eliminating duty-free entry for imports valued at $800 or less. The change, effective Friday, August 29, follows an executive order issued last month and comes nearly two years earlier than the original Congressional timeline. It is expected…
[ad_1] PM Modi at India-Japan Economic Forum Prime Minister Narendra Modi on Friday said India and Japan are poised to jointly influence the Asian century’s trajectory towards stability, growth and prosperity. He made the remarks while addressing the India-Japan Economic Forum during his two-day visit to Tokyo.“In India, capital doesn’t just grow, it multiplies. You…
[ad_1] Chris Wood further observed that India’s ongoing Russian oil purchases have become a major point. (AI image) The Donald Trump administration’s move to impose 50% tariffs on India is ‘draconian’, according to Jefferies’ emerging markets strategist Chris Wood, who believes that the step will lead to a direct hit of $55-60 billion.According to an…
[ad_1] Gold price prediction: Intraday traders can look for buying opportunities on dips near ₹1,01,850, with a stop-loss placed at ₹1,01,450. (AI image) Gold price prediction today: Gold rates suggest a ‘buy on dips’ strategy, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here is his strategy for gold investors:Gold futures…