India is pushing to expand its preferential trade agreement with the Mercosur bloc as part of efforts to scale up trade and investment ties with Latin America, commerce and industry minister Piyush Goyal said on Saturday, signalling a broader reset in economic engagement with the region, PTI reported. Speaking at Ficci’s India-Brazil Business Forum, Goyal…
Before you make the decision on which asset class to invest in, experts believe it’s prudent to look at historical data. (AI image) Gold and silver have delivered eye-popping returns over the last one year. In contrast, Sensex and Nifty have delivered a muted performance. Gold and silver have already delivered an exceptional run over…
Mumbai: Minutes of the Feb 4-6 meeting of Reserve Bank of India‘s Monetary Policy Committee (MPC) indicate the panel kept policy repo rate unchanged because growth is strengthening and inflation is benign, signalling a pause in easing with scope for future cuts if data permits.Comments of the rate-setting panel show broad agreement that the current…
Mumbai: Foreign exchange reserves rose by $8.66 billion to a record $725.73 billion in the week ended Feb 13, reflecting valuation gains in gold and non-dollar foreign currency assets amid global market volatility and a softer US dollar.Gold reserves rose by $4.99 billion to $128.47 billion following a surge in international gold prices. The increase…
US President Donald Trump has imposed a fresh 10% tariff on imports from all countries, including India, hours after the US Supreme Court struck down a key legal basis for several of his sweeping global tariffs. The move shifts the legal foundation of his trade policy rather than ending it, ensuring tariffs remain central to…
Eighty-six countries and two international organisations have signed the AI Impact Summit declaration, signalling broad global support for shared principles on responsible and inclusive artificial intelligence, IT minister Ashwini Vaishnaw said on Saturday. The declaration was adopted at the conclusion of the India AI Impact Summit held in New Delhi, with signatories including the US,…
The likelihood of a monetary policy rate hike remains low due to subdued core inflation, according to a report by ICICI Bank Global Markets. The Reserve Bank of India is expected to maintain a prolonged pause in its rate cycle into FY2026–27, with greater emphasis on injecting durable liquidity to ensure effective monetary policy transmission,…
The US Supreme Court ruled that President Donald Trump cannot legally use emergency powers under the International Emergency Economic Powers Act (IEEPA) to impose tariffs. The decision blocks part of his trade strategy but does not end his trade war.The ruling mainly affects “reciprocal tariffs,” which Trump announced last April in the Rose Garden. These…
M Nagaraju, Secretary, Department of Financial Services Mumbai: Govt is keeping a watch on the geopolitical situation in West Asia and is taking stock of India’s exposure in the region in case of conflict, said finance secretary M Nagaraju, while discussing external challenges facing banks and the economy. He also said that govt is looking…
In a sharp rebuke to his trade agenda, US President Donald Trump lashed out at the Supreme Court of the United States on Friday after it struck down his sweeping global tariffs, calling the decision “ridiculous” and accusing some justices of undermining the country’s economic interests.In a strongly worded response, Trump said those members of…