The Trump family’s latest foray into cryptocurrency has triggered questions over conflict of interest after a $750 million transaction put their businesses on both sides of the deal, The Wall Street Journal reported.According to the WSJ, the arrangement centres on World Liberty Financial (WLFI) — the Trump family’s flagship crypto venture launched last year. Earlier…
The Gems and Jewellery Export Promotion Council (GJEPC) has urged the Centre to announce immediate relief measures after the United States imposed 50 per cent tariffs on Indian goods, a move that exporters say has started hurting the $40 billion industry.The penal duties, which came into effect on August 27, have already disrupted shipments to…
Gold prices, which touched fresh record highs in India last week, may face a crucial test in the coming days as global macroeconomic cues and Federal Reserve signals drive investor sentiment, analysts said.The most-traded October contract on the Multi Commodity Exchange (MCX) surged to an all-time high of Rs 1,04,090 per 10 grams on Friday…
India has developed its first indigenous water-soluble fertiliser technology after seven years of research, marking a breakthrough that could transform the country from an import-dependent buyer to an export-oriented player in specialty fertilisers.Backed by the Ministry of Mines and designed using Indian raw materials and plants, the innovation is being hailed as a true “Make…
Private sector capital investment is expected to climb 21.5 per cent to Rs 2.67 lakh crore in 2025-26, aided by strong macroeconomic fundamentals and a 100-basis-point policy rate cut, according to an article in the Reserve Bank of India’s August bulletin.The article, titled Private Corporate Investment: Growth in 2024-25 and Outlook for 2025-26, said Indian…
Foreign investors withdrew Rs 34,993 crore (approximately $4 billion) from Indian equity markets in August, representing the most significant divestment in six months. This substantial withdrawal was influenced by US tariffs on Indian exports and high domestic valuations.The outflow was significantly higher than July’s figure of Rs 17,741 crore. Foreign Portfolio Investors’ (FPIs) total equity…
Indian shrimp exports are expected to decline by 15-18 per cent this fiscal year after a steep hike in US import tariffs, according to a Crisil Ratings report. The increase, which took effect on August 27, has raised the overall duty burden on Indian shrimp entering the US to 58.26 per cent. The ratings agency…
Eight of the top-10 highest valued companies saw their combined market value decrease by Rs 2,24,630.45 crore in the previous week, with Reliance Industries and HDFC Bank experiencing the largest declines, following the negative trend in equities.The BSE benchmark index declined by 1,497.2 points, or 1.84 per cent last week.Among the top-10 companies, eight firms…
India stops postal shipments to US (Representative AI image) India’s postal department has suspended all mail bookings to the United States, following new US governmental regulations that alter the protocol for incoming shipments.The official communication indicated that postal services, including letters, documents and gifts valued up to $100 destined for the US, will not be…
China’s industrial production showed a slight improvement in August but remained in contraction for the fifth consecutive month, as per official figures released on Sunday, while trade negotiations with the United States persist before a new November tariff implementation.The Purchasing Managers’ Index, a crucial industrial output indicator, reached 49.4, according to the National Bureau of…