India’s growth story may be headed for a rough patch after US President Donald Trump imposed a steep 25% “reciprocal” tariff on Indian goods, a recent report by Goldman Sachs showed.In a newly revised outlook, the brokerage trimmed its forecast for India’s real GDP growth by 0.1 percentage point. It now expects the economy to…
Wall Street saw modest gains on Wednesday as investors sifted through a wave of corporate earnings to gauge how businesses are coping with President Donald Trump’s tariffs.Nasdaq climbed 60 points or 0.29%, reaching 20,977. S&P 500 followed the trajectory, with a modest rise of 11 points, rising 0.18% to 6310.DJIA, on the contrary, dipped 12…
Japan is set to begin importing Ford’s hefty F-150 pickup trucks, US President Donald Trump said on Tuesday, even as questions linger over the full scope of the countries’ trade agreement.The move comes as part of a deal announced in July, under which Japanese imports will be hit with a 15% “reciprocal” tariff, lower than…
A 20-year-old man from Dankaur near Noida was stunned after receiving a bank message showing an unimaginable sum of money, Rs 10,01,35,60,00,00,00,00,00,01,00,23,56,00,00,00,00,299, credited to his account on August 1.The man, Deepak, said the amount was deposited in his late mother’s account, which he had opened just two months ago. I got a message that Rs…
Reserve Bank of India governor Sanjay Malhotra on Wednesday gave a firm reply to Donald Trump’s ‘dead economy’ remark, assuring that India’s economy is “doing very well” and contributing more to global growth than the United States.Speaking to reporters at the RBI headquarters, Malhotra highlighted India’s resilience and strong performance even as Trump’s controversial remark…
RBI Governor Sanjay Malhotra on Wednesday announced key initiatives to make banking services more customer-friendly and inclusive. Among the major steps is the move to simplify and standardise the claims settlement process for bank accounts and safe deposit lockers of deceased customers to ease the burden on nominees trying to access funds.Addressing the third bi-monthly…
Market experts anticipate sideways trading, with attention focused on the Reserve Bank of India’s monetary policy. (AI image) Stock market today: Indian equity benchmarks Nifty50 and BSE Sensex traded flat on Wednesday, following the RBI’s monetary policy announcement and continued foreign fund outflows.As of 10:14 AM, the Nifty50 was down 46.50 points or 0.19%, trading…
US President Donald Trump has issued a warning about increasing tariffs on India beyond the current 25%. (AI image) RBI governor Sanjay Malhotra on Wednesday indicated that it is difficult to predict the impact of the tariffs imposed by the Donald Trump administration on India. The RBI-led Monetary Policy Committee (MPC) has kept the repo…
National Securities Depository Ltd (NSDL) shares made a strong debut on Wednesday, listed with a premium of 15% against the issue price of Rs 800.NSDL shares were listed at Rs 880 on the BSE, 10% higher than the issue price of Rs 800. The stock later climbed 15% to Rs 920. The company’s market valuation…
RBI monetary policy review RBI MPC meeting: The Reserve Bank of India (RBI) governor Sanjay Malhotra on Wednesday said that the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.5% in the August monetary policy review. From a loan borrowers perspective this means that your there is no further repo…
