US President Donald Trump revealed details of the US’ deal with Iran on Wednesday, hours after a two-week ceasefire was announced between the two warring countries. Trump said the United States will work closely with Iran, “which we have determined has gone through what will be a very productive Regime Change!” Through Trump had said…
Goldman Sachs reports that despite the Iran war impacting markets, diversified portfolios have shown limited damage, with a modest 5% decline. The firm suggests rethinking portfolio strategies to balance growth, inflation protection, and risk mitigation in the current environment. The Iran war has rattled global markets, lifted oil prices and reignited inflation concerns, but the…
The rupee closed 0.1% higher at 93.0612 per dollar after rising as much as 0.4% on Monday. The Indian rupee edged up, extending its biggest rally in 12 years after the central bank doubled down on curbing speculation against the local currency. The rupee closed 0.1% higher at 93.0612 per dollar after rising…
The latest reading reflects a fragile, uneven rebound in industrial activity amid soft domestic demand, global uncertainty, and sector-specific challenges. India’s industrial production growth accelerated to 5.2% year-on-year in February, led by a robust expansion in manufacturing and supported by moderate growth in mining and electricity, according to provisional data released by the ministry of…
Sensex crashed 1,690 points, or 2.25%, to end at 73,583, while Nifty 50 settled at 22,819.60, falling 487 points, or 2.09%. Investors lost about ₹9 lakh crore. The Indian stock market suffered strong losses on Friday, March 27, with equity benchmarks — Sensex and Nifty 50 — falling more than 2% each. Sensex crashed 1,690…
Iranian media outlets, quoting an official source, reinforced the stance, saying, ‘The war will end when we are elected and only if our conditions are met’ Iran has asserted that it will determine the timing of the end of the ongoing conflict, maintaining that any resolution will depend solely on its own terms. “Iran will…
Goldman Sachs raises India 2026 CPI forecast to 4.6% from 4.2% earlier; Goldman Sachs expects 50 bps rate hike by RBI in 2026 Goldman Sachs has pared its growth estimate for India for 2026, while forecasting a 50 basis points hike in policy rates as the economy contends with sharp depreciation in its currency.…
The liquidity injected was much lower than the notified amount of ₹1 trillion, despite the sharp drop in surplus liquidity in the banking system due to advance tax payments The Reserve Bank of India (RBI) on Monday infused ₹79,256 crore transient liquidity into the banking system through overnight variable rate (VRR) auction. The RBI…
Venkatraman, who joined the e-commerce major in 2015, he has been reducing operational involvement over the past six months or so, sources told . Sriram Venkatraman is stepping down from his position as group chief financial officer (CFO) at Flipkart ahead of the company’s planned initial public offering (IPO), the e-commerce major announced on March…
Following the resignation of HDFC Bank’s Chairman Atanu Chakraborty, the Reserve Bank of India said it had no concerns regarding the bank’s conduct or governance, affirming its strong financial position and competent management. Keki Mistry has been appointed as interim chairman for three months. A day after HDFC Bank’s Chairman Atanu Chakraborty resigned, the Reserve…