Gaurav Bansal

[ad_1] AI image for representation only. China on Monday firmly denied that President Xi Jinping has recently spoken to Donald Trump, directly contradicting the US president's public assertions that tariff talks are underway."As far as I know, there has been no phone call between the two heads of state recently," Chinese foreign ministry spokesman Guo Jiakun told reporters in Beijing. "China and the United States are not conducting consultations or negotiations on tariff issues."The Chinese Embassy in Washington doubled down: “China and the US are NOT having any consultation or negotiation on #tariffs. The US should stop creating confusion.”Why it mattersThe "ghosting" of President Donald Trump by Xi Jinping isn't just a diplomatic snub - it’s a flashing warning light for the global economy and for Trump’s own high-risk strategy.Without direct leader-to-leader dialogue, there’s no clear pathway to de-escalating the […]

[ad_1] India’s industrial output grew by 3 per cent in March 2025, a slight improvement from 2.7 per cent in February but down from 5.5 per cent in March 2024. This slowdown was primarily due to weaker performances in the manufacturing, mining, and power sectors.The government also revised February's growth estimate to 2.7 per cent, down from an initial 2.9 per cent. For fiscal year 2024-25, the Index of Industrial Production (IIP) expanded by 4 per cent, the lowest growth rate in four years, significantly lower than 5.9 per cent in 2023-24 and 11.4 per cent in 2021-22. The previous low was -8.4 per cent in 2020-21. The National Statistics Office (NSO) data showed a slowdown across key sectors. Manufacturing grew by 3 per cent in March 2025, down from 5.9 per cent a year earlier. Mining output increased by […]

[ad_1] AI-generated image (Credit: Bing image creator) NEW DELHI: China-based enterprises, impacted by escalating US tariffs imposed under Donald Trump administration, are seeking assistance from Indian exporters to maintain their American clientele amid significant disruptions in global trade.During the recently concluded Canton Fair in Guangzhou (May 5), several Chinese firms approached Indian companies to help fulfil US customer orders, according to Ajay Sahai, Director General of the Federation of Indian Export Organizations (FIEO), as reported by Bloomberg. Indian firms are expected to receive commissions for facilitating these transactions.The US has imposed tariffs of up to 145 per cent on Chinese exports, while Indian goods currently face a 10 per cent levy, scheduled to rise to 26 per cent in July if President Donald Trump implements reciprocal tariffs after a 90-day pause.Previously, Chinese exporters had established operations in Vietnam or routed […]

[ad_1] This is an AI-generated image, used for representational purposes only. India is moving towards becoming an $8 trillion economy by 2035, but it must overcome major challenges, according to ‘The Great Unlock: India in 2035’ report by Nandan Nilekani, co-founder and chairman of Infosys and Arkam Ventures.The study highlights four major hurdles: rising income disparity, low levels of formalisation, limited market access, and low productivity. India’s growth remains concentrated, with only 13 out of 788 districts contributing to half of the nation’s GDP. Income inequality is significant, with the top 10 per cent of the population accounting for nearly 60 per cent of total income. Around 200 million workers continue to migrate from poorer states in search of better opportunities.Also read: Why does resilient India still get a close-to-junk credit rating from agencies?Labour productivity remains a major concern. India’s […]

[ad_1] Starting May 1, 2025, the Reserve Bank of India's (RBI) updated framework for ATM transaction charges will come into force, bringing changes to free transaction limits, charges for additional transactions, and interchange fee structures across the country.Under the new guidelines, customers will be entitled to a set number of free ATM transactions each month—three in metropolitan areas and five in non-metropolitan regions. These free transactions include both financial and non-financial activities.Once customers exceed their monthly free transaction limits, banks will be allowed to charge up to Rs 23 per transaction, with applicable taxes added. These charges apply to both financial and non-financial transactions and extend to usage at Cash Recycler Machines (CRMs), excluding cash deposits.Several major banks, including HDFC Bank, Punjab National Bank (PNB), and Kotak Mahindra Bank, have already begun notifying customers of the changes.According to HDFC Bank, […]

[ad_1] It's a competitive scenario between RIL and a consortium including Sunil Mittal of the Bharti Group, similar to their existing rivalry in the telecom sector. Reliance Industries Ltd (RIL), under Mukesh Ambani's leadership, has positioned itself as a key contender for acquiring a substantial stake in Haier's Indian operations. The Chinese consumer electronics manufacturer is aiming to strengthen its local presence by partnering with an Indian strategic ally. This development has created a competitive scenario between RIL and a consortium including Sunil Mittal of the Bharti Group, similar to their existing rivalry in the telecom sector.Currently holding the third position after LG and Samsung, Haier Appliances India is exploring options to reduce its equity by 25% to 51%. The company is considering a structure similar to MG Motors, where an Indian entity would become the principal shareholder. In response […]

[ad_1] China's Huawei Technologies Co is getting ready to test a new and powerful artificial intelligence processor that the company hopes can replace some products made by US-based Nvidia Corp, the Wall Street Journal reported. Huawei has approached some companies about testing the feasibility of the new chip. [ad_2] Source link

[ad_1] Modi government is considering moving forward with several hydroelectric initiatives. India is looking to expedite five significant hydroelectric power projects in Jammu & Kashmir, following its decision to keep the Indus Waters Treaty suspended. These projects can progress more rapidly without the previously required Indus Waters Treaty approval process.Sources told ET that the government is considering moving forward with several hydroelectric initiatives: the 800 MW Bursar plant, 260 MW Dulhasti II, 1856 MW Swalkote HEP, 240 MW Uri Stage II, and 930 MW Kirthai II. The Narendra Modi government’s initiative to accelerate these projects serves two primary objectives: addressing J&K's power needs whilst strengthening India's position regarding western river water resources, currently limited by the Indus Waters Treaty. Collectively, these developments could generate 4000MW for power-deficient J&K. While Uri Stage II is situated on the Jhelum River in Baramulla […]

[ad_1] NEW DELHI: India is likely to ask the US to ease export controls and grant it access to critical technologies on par with key American allies like Australia, the UK, and Japan under the proposed bilateral trade agreement (BTA), sources said.They added that India may seek these easing for sectors like telecom equipment, biotechnology, AI (artificial intelligence), pharmaceuticals, quantum computing and semiconductors.The country is also seeking duty concessions for labour-intensive sectors like textiles, gems and jewellery, leather goods, garments, plastics, chemicals, shrimp, oil seeds, chemicals, grapes and bananas in the proposed pact with America. On the other hand, the US wants duty concessions in sectors like certain industrial goods, automobiles (electric vehicles particularly), wines, petrochemical products, dairy, agriculture items such as apples, and tree nuts, they said. [ad_2] Source link

[ad_1] Gold prices saw heightened volatility last week, initially surging to an all-time high of $3,500/oz on COMEX before retreating below $3,300. (AI image) Gold price prediction: Where are gold prices likely to head this week? What are the global cues to watch out for and what should your strategy be for gold? Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd explains:Gold prices saw heightened volatility last week, initially surging to an all-time high of $3,500/oz on COMEX before retreating below $3,300. The rally was driven by safe-haven demand amid heightened geopolitical and economic uncertainty.Key catalysts included U.S. PresidentDonald Trump’s criticism of Federal Reserve Chair Jerome Powell and concerns over prolonged U.S.-China trade tensions. Trump warned that the U.S. economy could slow unless interest rates are cut immediately, increasing pressure on the Fed.However, gold prices corrected […]