The situation in the Middle East has become extremely grave. Reports of attacks launched against U.S. military bases in Kuwait have raised the alarming possibility that the ongoing conflict between Iran, the U.S., and Israel could escalate into a full-blown regional war. Meanwhile, Pakistan’s scathing criticism of Israel has further heightened diplomatic tensions among nations…
Following the sudden announcement of a ceasefire between Iran and the United States, global tensions subsided abruptly. Consequently, investors regained confidence and began investing in the stock market once again. As a result, the Indian stock market witnessed a major rally, surging by over 3.8%. The Sensex climbed 3,739 points to close at 97,437, while…
The ₹2.5 lakh crore loan guarantee scheme, which the Central Government is set to introduce to support war-affected economic sectors, is viewed as a highly significant initiative. The primary objective of this scheme is to encourage banks to extend credit easily to enterprises currently facing liquidity challenges. Typically, banks incur losses if a company defaults…
U.S. President Donald Trump had issued a final ultimatum demanding that Iran agree to an immediate ceasefire. He warned that “if an agreement is not reached by this date, the situation could deteriorate.” However, Iran did not accept this proposal outright. Iran’s stance is as follows: “We are not opposed to a ceasefire, but there…
Because of rising tension in West Asia, Iran has taken an important decision. Instead of fully closing the Strait of Hormuz—one of the world’s most important sea routes—it has allowed ships from a few “friendly countries,” including India, to pass through. This route connects the Persian Gulf to the Gulf of Oman, and about 20%…
At about $70, silver has dropped 42% from its peak price of $121. Gold has also suffered; it is currently down 17% from its peak of $5,602, selling at about $4,666. The recent decline in both metals has confused a lot of investors. Their gold and silver portfolios are currently losing money for those who…
U.S President called for “unconditional surrender” on Friday, marking the start of the second week of the US-Israeli assault on Iran. With Tehran continuing to unleash retaliatory strikes around the Middle East, there doesn’t seem to be an obvious or rapid way to stop the fight. As the US and European stock markets plummeted and…
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…
The price of gold has risen dramatically over the past two to three years; it is currently trading at $3,200 on the global market, up 77% from its most recent low of $1,820 in November 2022. In just one month, gold prices in India have dropped by about 7%, with an all-time high of Rs…
The country’s foreign exchange reserves now hold around 12.46% of the Reserve Bank of India’s (RBI) gold reserves, a 25% increase since 2021. Over the past three years, central banks have increased their gold reserves by more than 1,000 tons, which is consistent with global trends. The Reserve Bank of India’s gold exposure in its…
