Gaurav Bansal

[ad_1] The recent uptick in Basmati rice prices is driven by increased international demand and not linked to geopolitical tensions between India and Pakistan, according to the All India Rice Exporters Association (AIREA).AIREA President Satish Goel clarified that the export prices of Basmati varieties 1509 and 1718 have seen a slight rise since March due to higher demand from countries like Saudi Arabia, Iran, and Iraq. "The price movement is demand-driven. There is no disruption in trade due to India-Pakistan tensions," Goel told news agency PTI.He emphasized that export operations continue without interruption and all orders are being fulfilled smoothly.Backing this view, former AIREA president Vijay Sethia noted that the prices of the 1509 variety, which peaked at Rs 62 per kg in September 2024, declined following a bumper harvest. A significant arrival of paddy in key producing regions had […]

[ad_1] Trump declared a 90-day suspension of his planned reciprocal tariffs on global trading partners last month. India-US trade deal: India has proposed reducing its tariff differential with the United States to under 4% from the current 13%, seeking exemption from President Donald Trump's existing and future tariff increases, two sources familiar with the negotiations between both nations told Reuters. India and the US are working towards a swift agreement.The United States maintains its position as India's biggest trading partner, with their bilateral trade reaching approximately $129 billion in 2024. The trade relationship currently favours India, which maintains a $45.7 billion surplus with the United States.The proposal represents one of the most significant modifications to trade barriers in India, currently ranked as the world's fifth largest economy. This adjustment would result in a nine percentage point reduction in the average […]

[ad_1] Indus Waters Treaty: The Chenab River holds significant importance for Pakistan's agricultural sector. Indus Waters Treaty: The World Bank has on Friday said that it has a limited role as a facilitator in the Indus Waters Treaty, which India suspended in response to the April 22 Pahalgam attack. The Indus Waters Treaty, signed in 1960, is an agreement that regulates the utilisation of six rivers flowing between India and Pakistan: the Indus, Jhelum, Chenab, Ravi, Beas and Sutlej.The Chenab River holds significant importance for Pakistan's agricultural sector. Two major dams, Salal and Baglihar, are situated along its course. Following persistent concerns about Pakistan's inaction against cross-border terrorism, India opted to suspend the treaty.According to PIB, World Bank President Ajay Banga has said: "We have no role to play beyond a facilitator. There's a lot of speculation in the media […]

[ad_1] The defence allocation in India's budget for FY2026 is set at Rs 6.81 lakh crore. (AI image) Operation Sindoor impact on defence stocks: Defence-related stocks on Friday saw significant gains, with companies like Hindustan Aeronautics and Bharat Forge showing increases of up to 4% amid escalating tensions between India and Pakistan.Paras Defence recorded the highest increase, reaching an intraday peak of Rs 1,436.00, a 5.65% rise on the NSE. Bharat Dynamics followed with a 4.955% increase, reaching Rs 1,525.70 . Bharat Forge saw a 4.89% rise. BEL and HAL shares increased by 2.7% and 2.4% respectively. The increased interest in defence stocks coincided with news of an upcoming meeting between the Modi government and defence manufacturers. When questioned about possible government requests to increase production due to rising Pakistan tensions, Bharat Forge's Chairman and Managing Director, Baba Kalyani, stated […]

[ad_1] Gold prices have tumbled almost 4% in the last two days to $3,311. (AI image) Gold rate today: Gold and silver prices experienced a decline due to profit taking as the dollar index strengthened. At MCX, Gold June futures initiated trading at Rs 96,020/10 grams, down by 0.15% or Rs 148.Similarly, silver July futures began trading lower at Rs 96,136/kg, showing a decrease of Rs 376 or 0.39%.The domestic market witnessed negative closings for both precious metals on Thursday. Gold June futures settled at Rs 96,168 per 10 grams, whilst silver July futures concluded at Rs 96,512 per kilogram following profit booking."Gold and silver witnessed profit taking on Thursday amid a rebound in the dollar index along with the US-UK trade deal agreement. Gold prices have tumbled almost 4% in the last two days to $3,311, breaching key support […]

[ad_1] India-Pakistan tensions: Experts believe that for Pakistan, the consequences of a sustained military engagement would be considerably more damaging economically compared to India. (AI image) India and Pakistan tensions are escalating and even as Indian armed forces strike hard, the question is - can Pakistan even afford a large scale conflict with India? Pakistan is facing severe economic challenges - and its fragile recovery on the back of IMF and World Bank bailouts and debt rollovers is under serious threat if it chooses to continue escalating military tensions with India.Pakistan's economy, which has shown modest signs of improvement under a $7 billion IMF programme, risks severe destabilisation. Its current economic position remains precarious. Experts believe that for Pakistan, the consequences of a sustained military engagement would be considerably more damaging economically compared to India, making any further hostilities particularly […]

[ad_1] Gold rate prediction: Gold futures (MCX June 2025 contract) are currently trading in a consolidation phase. (AI image) Gold price prediction today: Where are gold prices headed? Should you buy gold or sell gold? What are the factors that will drive gold rates in the near future? Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities explains:Gold Market OverviewGold futures (MCX June 2025 contract) are currently trading in a consolidation phase after experiencing volatility in recent sessions. The precious metal has shown signs of weakness after testing higher levels, with current price action reflecting market indecision amid key technical levels. Gold Technical LandscapeThe technical picture reveals gold trading at ₹96307, having recently pulled back from higher levels. The recent price action has formed a bearish engulfing pattern on the 15-minute timeframe, suggesting short-term selling pressure. Key Technical […]

[ad_1] Image used for representative purposes A forensic review by audit and advisory firm Grant Thornton found two executives of IndusInd Bank traded in its shares, while they were aware of accounting lapses at the bank but before those were made public, a document reviewed by Reuters showed.The country's fifth-largest private sector bank disclosed in March that years of incorrect accounting of internal derivative trades have led to a $230 million hole in its $60.8 billion balance sheet. Its CEO Sumant Kathpalia and deputy Arun Khurana stepped down last month.Kathpalia said in his resignation letter he was taking "moral responsibility", while Khurana resigned citing "unfortunate developments". Neither explicitly admitted or denied any wrongdoing. Grant Thornton, which the bank hired to conduct an independent forensic investigation, found as a result of its review of internal accounts and communications that there were […]

[ad_1] Market uncertainty is likely to continue as participants monitor ongoing developments between India and Pakistan. (AI image) Operation Sindoor impact on Indian stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, are expected to open in red on Friday after continued escalation of tensions between India and Pakistan. Indian stock market's reaction to the ongoing India-Pakistan tensions has till now been relatively muted.In fact, since the April 22 Pahalgam terror attack in Jammu and Kashmir, Nifty50 and BSE Sensex are actually up.Pakistan stock market on the other hand has crashed.Indian equity markets closed lower on Thursday amid volatility caused by escalating India-Pakistan tensions. Market uncertainty is likely to continue as participants monitor ongoing developments between the two nations and upcoming US trade-related announcements. Market volatility on Thursday led to a Rs 5 lakh crore reduction in investors' […]

[ad_1] MUMBAI: News of India's retaliatory strikeS on select Pakistani military assets in the intervening night of Wednesday and Thursday left investors jittery during the fag end of Thursday's session.As a result, after treading steadily for most of the day, thesensex dived sharply during the closing hour and ended 412 points or 0.5% lower at 80,335 points. Nifty lost 141 points or 0.6% to close at 24,274 points.IT and select bank stocks cushioned the fall, BSE data showed. The expiry of weekly derivatives contracts also added to the day's volatility, market players said. With Indo-Pak border tensions escalating on Thursday evening, Friday's session could be volatile, market players noted.According to Vinod Nair of Geojit Investments, on Thursday the domestic market experienced profit-booking by the end of the trading day due to escalating tensions between India and Pakistan, marked by increased […]