AI-generated image (Credit: Bing image creator) The US services sector showed signs of improvement in April, with the Institute for Supply Management’s (ISM) services index rising to 51.6 per cent from 50.8 per cent in March. The reading slightly exceeded market expectations of 50.2 per cent and remained above the 50 per cent threshold that…
India and the US are focusing on select industries to achieve a swift trade agreement. (AI image) India, US close in on trade deal? In trade discussions with the US, India has put forward a proposal for zero-for-zero tariff arrangements on specific items including steel, auto parts and pharmaceuticals, based on reciprocity and limited to…
AI-generated image (Credit: Bing image creator) The US administration’s April 2 tariff announcement (later paused for 90 days) is part of a broader strategy aimed at compelling foreign governments to reduce trade barriers to American goods.Moving beyond traditional tariffs, the policy targetsnon-tariff barriers such as agricultural regulations, taxation systems, currency practices, product standards, legal frameworks,…
US stock futures pointed toward losses as Wall Street opened on Monday, with major indices retreating amid a decline in oil prices and a rally in gold. The broader market faced pressure as traders reacted to shifting dynamics in global commodities, geopolitical tensions, and concerns over economic growth.At 9:33 am GMT-4, the Dow Jones Industrial…
In the coming years, India is also likely to overtake Germany to become the third largest economy. (AI image) India will become the fourth largest economy in the world in 2025, surpassing Japan, according to the latest World Economic Outlook April 2025 edition of the International Monetary Fund.India’s nominal GDP for 2025 (FY26) is expected…
Gold rate today: Gold prices in the national capital jumped by Rs 550 on Monday, reaching Rs 97,350 per 10 grams, in line with a strong upward trend in international markets. The price of 99.9 per cent pure gold had previously settled at Rs 96,800 per 10 grams on Friday, according to the All India…
Moody’s has cautioned that continued tensions might restrict Pakistan’s ability to secure external financing. (AI image) Pakistan’s economy will suffer a bigger setback than India amidst ongoing tensions, Moody’s Ratings has warned. Heightened and prolonged tensions with India could adversely affect Pakistan’s economic growth and impede the government’s fiscal consolidation efforts, potentially undermining its progress…
The CBI has arrested a deputy general manager of Oil India Limited posted in Assam’s Duliajan and a private company executive for alleged bribery of Rs 7 lakh, officials said on Monday. Prayas Chakravorty, a deputy general manager (DGM) of Oil India Limited (OIL), had allegedly demanded the bribe from Jyoti Kumar Singh, the DGM…
Adani Group stocks rally (AI image) Adani Group stocks today: Adani Group stocks on Monday saw significant gains of up to 14% after reports emerged of meetings between Gautam Adani representatives and US President Donald Trump‘s administration officials. The discussions centred on seeking dismissal of criminal charges in a bribery investigation, as reported by Bloomberg…
India’s economy remains largely unaffected by the reduced Pakistani imports. (AI image) India’s import ban on Pakistan: In a major economic retaliation following the Pahalgam attack, the Narendra Modi government has implemented sweeping restrictions, prohibiting all imports from Pakistan, whether direct or through intermediary nations, along with postal services and parcel deliveries from the neighbouring…
