In its sharpest single-day fall in more than a month, the rupee tumbled nearly 0.9 per cent to close at a record low of 95.31 against the US dollar on Monday as surging crude oil prices and escalating US-Iran tensions rattled financial markets, Reuters reported.The currency slide came after US President Donald Trump rejected Iran’s…
The European Union and United States are urging India to accept “data exclusivity” provisions in free trade agreements, but a GTRI report has warned otherwise. Think tank Global Trade Research Initiative (GTRI) has cautioned that such commitments could damage its agrochemical industry, increase dependence on imports and raise costs for farmers. Furthermore, it could also…
Ongoing turmoil in the Middle East has raised concerns about global economic growth. For India, however, the outlook appears optimistic, with SBI expecting a stable growth path through FY26 and FY27 despite a difficult global backdrop. The State Bank of India (SBI) Research report pegs real GDP growth at around 7.2% in the fourth quarter…
A day after Prime Minister Narendra Modi urged Indians to stop buying gold for a year in the national interest, GTRI backed the appeal, saying surging gold imports are straining India’s foreign exchange reserves and widening its trade imbalance. In its report, the think tank said, “GTRI has supported Prime Minister Narendra Modi’s appeal asking…
Gold prices slipped on Monday as uncertainty over stalled US–Iran peace talks and rising oil prices fuelled fresh inflation concerns, reducing expectations of near-term interest rate cuts. Spot gold fell 0.6% to $4,684.32 per ounce, while US gold futures for June delivery declined 0.8% to $4,692.70. The weakness came as escalating Middle East tensions pushed…
Union Minister Ashwini Vaishnaw on Monday reiterated PM Modi’s call to step down spending on imports and help the country save foreign exchange. This comes as the Middle East conflict is showing no signs of cooling down and its impact ripples through global economy.Speaking at the CII Annual Business Summit 2026 in New Delhi, minister…
Union minister for road transport and highways Nitin Gadkari on Monday inaugurated Multi Lane Free Flow tolling on Delhi’s Urban Extension Road-II (UER-II), bringing the capital’s latest transport corridor into India’s expanding barrier-less toll network. The move is aimed at boosting connectivity while easing travel for adjoining villages and surrounding habitations. The UER-II rollout follows…
Jewellery segment shares fell sharply on Monday after Prime Minister Narendra Modi’s call to cut gold purchases. Share prices of Senco Gold and Kalyan Jewellerys tumbled over 8% while Titan was down over 6%.Speaking in a rally earlier on Sunday, PM Modi called citizens to help preserve foreign exchange reserves. His appeal included avoiding unnecessary…
British pop star Dua Lipa has filed a lawsuit against Samsung Electronics seeking at least $15 million in damages, accusing the South Korean tech giant of using her image without permission to market its television sets. The lawsuit alleges that Samsung featured a copyrighted image of the pop star on the front of cardboard boxes…
Markets are expected to trade with caution this week as geopolitical tensions around the US–Iran situation and movements in crude oil prices continue to drive investor sentiment, analysts said. Traders will also keep a close watch on the rupee-dollar exchange rate and foreign fund flows, which are likely to add to market volatility, they added….
