India’s merchandise trade deficit shrank to $18.78 billion in June, lower than both market expectations and the previous month’s gap, driven by a decline in both exports and imports, according to data released by the Ministry of Commerce & Industry on Tuesday.In a poll by Reuters, economists had pegged the June trade deficit at $22.24…
The 508 km bullet train route, with 352 kms in Gujarat and 156 kms in Maharashtra, is under construction. (AI image) India’s first bullet train project will use Japan’s latest E10 high-speed trains for operations, after initially testing the E5 series of trains. The E10 series of bullet trains are set for debut in Japan…
Analysts say silver is likely to do well because, unlike gold, it is used extensively in the industry. (AI image) NEW DELHI: Gold has been rallying for the past 2-3 years due to heightened geopolitical tensions across the globe. But silver has outshone the yellow metal in recent months, rising nearly 20% since 1 April…
Asian shares were mixed on Tuesday, as renewed concerns over US President Donald Trump’s tariff plans unsettled investors. Japan’s benchmark Nikkei 225 gained 64 points, or 0.16%, in morning trade, reaching 39,524. Hong Kong’s Hang Seng Index also edged up by 47 points, or 0.2%, to 24,250. However, South Korea’s Kospi slipped 5 points, or…
Gold price prediction: In the very short-term, spot gold is expected to move majorly on tariff news flow. (AI image) Gold price prediction today: Even as gold prices climb, it is silver prices which are in focus after hitting record highs. US President Donald Trump’s tariff war, the fresh threat of 100% tariff on Russia…
China’s economy slowed slightly in the last quarter as US President Donald Trump’s trade war intensified, but still managed to expand at a solid 5.2% pace, the government said on Tuesday.On a quarterly basis, the world’s second-largest economy grew by 1.1%, slightly above the 0.9% rise forecast, according to National Bureau of Statistics data cited…
MUMBAI: In a procedural step, global trading giant Jane Street has transferred nearly Rs 4,844 crore into an escrow account marked in favour of Sebi, complying with a key condition of the markets regulator’s July 3 interim order. An escrow account holds funds securely until specific conditions are met. The US-based firm has also asked…
India’s booming economy and rising number of high-net-worth individuals (HNIs) are set to drive more than 20% annual growth for wealth management firms over the next three years, global brokerage Jefferies has projected in a new report.Jefferies said the core wealth management (WM) segment in India is likely to see strong momentum, backed by expanding…
The US government on Monday announced a 17% import duty on most fresh tomatoes from Mexico, aiming to protect and revive its own domestic tomato industry. The move comes after talks with Mexican officials collapsed without reaching a new agreement to avoid the tariff.Mexico currently supplies about 70% of the US tomato market, up from…
India’s Global Capability Centres (GCCs) could contribute as much as $0.5 trillion to the country’s gross value added (GVA) over the next decade, as India advances toward becoming a $10 trillion economy, a top Goldman Sachs executive said on Monday.Gunjan Samdani, Co-Chairman of Goldman Sachs India, said the GCC sector is expected to directly employ…