India tariffs were cut from 18% to 10% following Trump’s significant Supreme Court defeat.
According to the White House, US trading partners, including India, that completed tariff arrangements with the Trump administration before the Supreme Court’s decision will now be temporarily subject to a flat 10% duty. This holds even if they previously agreed to higher charges under those agreements. A White House official emphasized that trade partners must…
Trump’s tax is invalid!!!
The Supreme Court of the United States has given a landmark ruling on the import tariffs imposed by US President Donald Trump. Trump had used the Emergency Economic Power Act of 1977 to impose extra taxes on goods coming from many countries. As a result, the US government has reportedly collected about $134 billion. In…
Oil Prices Rise as Geopolitical Tensions Rise
Investors are now paying close attention to rising tensions in the Middle East after the US-Iran nuclear talks failed several times. In recent days, traders have been buying more “call options” on Brent crude oil in anticipation of further gains, according to Saxo Bank. Oil prices were supported by reports that crude oil inventories in…
FIIs sold IT stocks worth Rs 10,956 cr in early February, bringing holdings down to a 4-year low.
A major source of income for India’s software exporters, the demand for large-scale, human-led coding and IT support services may decline due to rapid advancements in generative artificial intelligence. This is why foreign institutional investors (FIIs) sold over Rs 10,956 crore worth of information technology stocks in the first half of February. Due to this…
Wholesale price inflation reached a ten-month high of 1.81% in January.
According to data released on Monday by the Ministry of Commerce and Industry, India’s wholesale price inflation increased to a 10-month high of 1.81% year-over-year in January, up from 0.83% in December. The price increases were mostly caused by increases in non-food and food articles, textiles, basic metals, and other manufactured goods. From -1.0% in…
Gold, Silver See Mild Recovery After Volatile Week!!!
After a week of intense volatility and heavy losses, gold and silver prices recorded a modest recovery during Asian trading on Friday, supported by bargain buying from investors. However, silver continued to lag behind and was on track to post a sharp weekly decline of around 14%, after losing most of its recent gains. Gold,…
China buys U.S. soybeans for political reasons: costs rise!!!
China is currently considering buying a large volume of soybeans from the United States. From an economic perspective, this is not a profitable decision for China. The reason is that soybeans from Brazil are much cheaper during this period. However, importing soybeans from the U.S. would result in higher costs for China. For example, if…
The rupee opens slightly lower at 90.52 as traders anticipate the RBI policy meeting.
As traders remained on the sidelines ahead of the Reserve Bank of India’s (RBI) monetary policy meeting, the Indian rupee began slightly lower at 90.5200 on February 5. This was after it had recovered from its record lows reached in the previous sessions, which were triggered by the US-India trade pact. As of right now,…
BHEL been awarded a BTG package order of Rs 1,200 crore for Hindalco’s Aditya Aluminium facility located in Odisha.
Hindalco Industries placed an order with Bharat Heavy Electrical (BHEL) for between Rs 1,200 and Rs 1,500 crore. The order victory is for the implementation of a two-unit, 150-megawatt BTG package at the state-owned company’s Aditya Aluminum factory in Lapanga, Sambalpur district, according to a BSE announcement. Under the contract, the BTG package will be…
Gold Prices Rise Above $5,000 on Iran Tensions
Rising tensions between the United States and Iran have boosted demand for safe-haven assets, pushing gold prices higher during Asian trading on Wednesday. After last week’s sharp decline of over $1,000, gold rebounded as investors continued buying at lower levels. Reports that the US shot down an Iranian drone in the Arabian Sea and that…
