Ambani’s comments come at a time when the Donald Trump administration is waging a trade war, with India faced with a 50% US tariff. Reliance Industries Chairman Mukesh Ambani on Friday said that India’s rise is unstoppable. Ambani was addressing Reliance shareholders at the company’s Annual General Meeting. “Despite geopolitical uncertainty, one truth is crystal…
Indian refineries, alongside their Asian counterparts, have increased their orders when US crude. (AI image) Indian refiners have stepped up their purchase of US oil in August, as competitive prices have enhanced the appeal of American crude. The move comes at a time when the Donald Trump administration has imposed 50% tariffs on Indian goods…
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 on…
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 ET…
Urjit Patel appointed executive Director to IMF (File photo) Former Reserve Bank of India (RBI) governor Dr Urjit Patel has been appointed as Executive Director of the International Monetary Fund (IMF) from India for a three-year term, according to a Personnel Ministry order. The appointment was cleared by the Appointments Committee of the Cabinet. Patel,…
Market experts indicate that supportive measures will provide stability to domestic markets despite international trade challenges. (AI image) Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in green on Thursday after a sharp decline in the last two trading sessions. While Nifty50 was above 24,500, BSE Sensex was up over 100…
Sanand: Semiconductor company CG Semi is expected to roll out the first ‘Made in India’ chip from its pilot facility here soon, union minister Ashwini Vaishnaw said on Thursday. CG Semi’s G1 or pilot facility was inaugurated by Vaishnaw along with Gujarat chief minister Bhupendrabhai Patel. “CG Pilot line has started today. It is a…
Mumbai: In a broader indication of a succession plan at the 160-year-old Shapoorji Pallonji Group, Shapoorji Mistry, 61, has stepped down as the chairman of the group’s “crown jewel” Afcons Infrastructure, while his son Pallon Mistry, 33, has been inducted into the board of the listed company. The foundation for the succession plan was laid…
The number of Americans seeking unemployment benefits fell last week, suggesting companies are reluctant to lay off workers even as the economy loses momentum. For the week ending 23 August, applications for jobless aid dropped by 5,000 to 229,000, the US Labour Department reported on Thursday. The figures come at a time when the jobs…
India’s equity investors became poorer by Rs 9.69 lakh crore in two days as Dalal Street ended the past two sessions in red, with BSE Sensex dropping by over 1500 points.This sharp plunge was driven by the impact of higher US tariffs on Indian goods and sustained foreign fund withdrawals.An additional 25% tariff from the…
