State Bank of India (SBI) and seven other lenders announced on Friday the sale of 20 percent of their combined stakes in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 13,483 crore, marking the largest cross-border investment in the Indian banking sector. Upon completion of this transaction, SMBC will become the single…
US stock markets opened on a positive note Friday, buoyed by gains in technology stocks and renewed optimism that trade tensions with China may be easing. The Dow Jones Industrial Average climbed 110 points, or 0.27%, to 41,478.58, while the S&P 500 added 23 points, or 0.41%, to 5,686.99. The tech-heavy Nasdaq led the gains,…
US President Donald Trump on Friday floated slashing tariffs on China to 80% ahead of a weekend meeting, signaling a possible move to ease tensions in the ongoing trade war.“80% Tariff on China seems right! Up to Scott B,” Trump posted on Truth Social referring to Treasury Secretary Scott Bessent, who is one of the…
The recent uptick in Basmati rice prices is driven by increased international demand and not linked to geopolitical tensions between India and Pakistan, according to the All India Rice Exporters Association (AIREA).AIREA President Satish Goel clarified that the export prices of Basmati varieties 1509 and 1718 have seen a slight rise since March due to…
Trump declared a 90-day suspension of his planned reciprocal tariffs on global trading partners last month. India-US trade deal: India has proposed reducing its tariff differential with the United States to under 4% from the current 13%, seeking exemption from President Donald Trump‘s existing and future tariff increases, two sources familiar with the negotiations between…
Indus Waters Treaty: The Chenab River holds significant importance for Pakistan’s agricultural sector. Indus Waters Treaty: The World Bank has on Friday said that it has a limited role as a facilitator in the Indus Waters Treaty, which India suspended in response to the April 22 Pahalgam attack. The Indus Waters Treaty, signed in 1960,…
The defence allocation in India’s budget for FY2026 is set at Rs 6.81 lakh crore. (AI image) Operation Sindoor impact on defence stocks: Defence-related stocks on Friday saw significant gains, with companies like Hindustan Aeronautics and Bharat Forge showing increases of up to 4% amid escalating tensions between India and Pakistan.Paras Defence recorded the highest…
Gold prices have tumbled almost 4% in the last two days to $3,311. (AI image) Gold rate today: Gold and silver prices experienced a decline due to profit taking as the dollar index strengthened. At MCX, Gold June futures initiated trading at Rs 96,020/10 grams, down by 0.15% or Rs 148.Similarly, silver July futures began…
India-Pakistan tensions: Experts believe that for Pakistan, the consequences of a sustained military engagement would be considerably more damaging economically compared to India. (AI image) India and Pakistan tensions are escalating and even as Indian armed forces strike hard, the question is – can Pakistan even afford a large scale conflict with India? Pakistan is…
Gold rate prediction: Gold futures (MCX June 2025 contract) are currently trading in a consolidation phase. (AI image) Gold price prediction today: Where are gold prices headed? Should you buy gold or sell gold? What are the factors that will drive gold rates in the near future? Jateen Trivedi, VP Research Analyst – Commodity and…
