Leading automakers, including Maruti Suzuki, Hyundai, Mahindra, and Tata Motors, reported a decline in vehicle dispatches to dealers in August as buyers deferred purchases amid expectations of lower prices under the proposed goods and services tax (GST) rejig.Maruti Suzuki India, the country’s largest carmaker, posted an 8% year-on-year fall in passenger vehicle dispatches at 1,31,278…
Gold rate today: Gold prices surged for the sixth straight session on Monday, rising Rs 1,000 to hit a record Rs 1,05,670 per 10 grams in the national capital. The rally was driven by expectations of a US Federal Reserve rate cut this month and firm demand in overseas markets, according to the All India…
Sebi proposes revised rules for cyber-security framework Sebi’s recent clarifications on its Cybersecurity and Cyber Resilience Framework introduced tiered compliance standards, reducing requirements for smaller intermediaries. While the move is seen as a step toward strengthening market security and aligning with global norms, experts caution that smaller firms may still struggle with the costs and…
Infineon MD CS Chua (Image credit: LinkedIn) The global semiconductor industry is facing significant uncertainty due to escalating trade tensions under the US President Donald Trump’s tariff policies, according to CS Chua, president and managing director of Infineon Technologies Asia Pacific. In his conversation with ET, Chua emphasised that the situation lacks stability for companies…
Historical patterns indicate a potentially muted period for Indian equity markets in September. Last year during this month, Indian stocks reached their highest points before experiencing significant volatility.Statistical analysis by Motilal Oswal Financial Services, cited by Economic Times, reveals that both Nifty 50 and Nifty 500 have declined in six out of the previous ten…
Data reveals a decline in India’s US T-bill investments in June compared to the previous year, whilst its gold reserves increased during this period. (AI image) US Treasury bills seem to be losing favour, with the Reserve Bank of India (RBI) stepping up gold holdings to increase India’s foreign exchange reserves. India’s central bank has…
Harry Dent, the Harvard Business School graduate and economic forecaster often labeled a “doomsday expert” for his decades of bearish market predictions, has taken a surprisingly optimistic stance on cryptocurrency. In a recent conversation with Rich Dad Poor Dad author Robert Kiyosaki, Dent argued that Bitcoin and crypto technology could transform the $630 trillion global…
Representative image (AI-photo) Electric vehicle manufacturers are expressing strong opposition to a proposed GST increase on high-end electric vehicles, cautioning that it could hamper progress in the nation’s transition to clean mobility at a crucial time.The GST rationalisation group of ministers (GoM) has suggested raising tax rates to 18% from 5% for EVs priced above…
US celebrates labour day on September 1 (Representative AI image) Labor Day, observed on the first Monday in September, honors the American labor movement and the millions of workers who power the US economy. This year, the holiday falls on September 1, and while it offers a long weekend for many, it also means some…
The rupee’s trajectory has become a key concern for financial markets. Banks have reduced trading exposures, while numerous importers with large unhedged positions are facing losses. Corporates engaged in over-the-counter forex derivative transactions, anticipating stable rupee levels, are reportedly worried as the currency crosses 89. The financial sector remains uncertain whether the Reserve Bank of…
