The Reserve Bank of India may have room to cut policy rates amid weak urban consumption and uncertain global demand, according to a report by ICICI Bank.These trends, combined with easing inflation, could prompt the Monetary Policy Committee (MPC) to consider lowering the benchmark interest rate by 25 basis points as early as August. The…
This is an AI-generated image, used for representational purposes only India’s soft drink market is poised to recover to a growth rate of over 10 per cent in 2025, after witnessing a slowdown this year due to erratic weather conditions, according to a report by Systematix Institutional Equities. As per news agency ANI, the report…
A US Federal Reserve official said Friday that the central bank could start cutting interest rates as soon as next month, signaling flexibility amid global economic uncertainty and rising geopolitical risks.“We can start the process of bringing rates down, and then if there’s some big shock due to maybe the Middle East conflict, we can…
Wall Street held steady in early trading on Wednesday as investors awaited the US Federal Reserve’s policy decision, with the S&P 500 flat, the Dow Jones Industrial Average unmoved, and the Nasdaq composite edging up 0.1%.Around 20 minutes into trading, the Dow Jones Industrial Average ticked up 0.2 percent to 42,277.37, as did the broad-based…
India on Saturday welcomed the improvement in the Maldives’ foreign exchange (FX) reserves, noting with satisfaction that the $400 million currency swap between the Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) played a significant role in easing the island nation’s external liquidity pressures.The Indian High Commission in Male said it “noted…
The stock market is heading for a weekly gain, as investors latch on to any signs of easing trade tensions. The head of an American business group in China on Friday said that the Chinese government is considering exempting some products from its 125 percent retaliatory tariffs on U.S. goods. Michael Hart, president of the…
US stocks rebounded on Tuesday as a spate of quarterly earnings reports and hints at the de-escalation of US-China trade tensions brought buyers in from the sidelines. A broad rally boosted all three major US indices by more than 2%, as investors looked past Trump’s ramped up rhetoric against Fed Chair Jerome Powell, who is…
GRANT A WISH: (From left) Piramal Foundation’s Shraddha Mishra with MNREGA worker Suman, her daughter Ronak and batchmate Kajal (in school uniform) That cold morning on December 6, there was a quiet buzz at Hameeri Kalan Senior Secondary School in Jhunjhunu, Rajasthan. For the students, teachers, and parents gathered there, it wasn’t an ordinary day….