Gaurav Bansal

[ad_1] The US dollar rebounded on Wednesday, climbing against major currencies after President Donald Trump eased tensions over the Federal Reserve and trade with China. The shift offered investors much-needed relief, with market sentiment buoyed by Trump’s decision not to remove Fed Chair Jerome Powell and speculation that trade tariffs on Chinese goods could be reduced.The greenback had been under pressure, lingering near three-year lows amid uncertainty over Trump’s tariff policies and repeated criticism of the Federal Reserve. However, comments from both Trump and Treasury Secretary Scott Bessent suggested a possible thaw in US-China relations and signalled a willingness to engage in deeper economic collaboration.Trump, speaking from the Oval Office, said: “I have no intention of firing him,” referring to Powell. “I would like to see him be a little more active in terms of his idea to lower interest […]

[ad_1] Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, Ambuja Cements, Jubilant FoodWorks and SBI Cards and Payment Services are the top buy calls for today.Here’s his view on Nifty, Bank Nifty and the top stock picks for April 24, 2025:Index View: NiftyAfter completing its 24k target and reclaiming above the 200 DMA, this is the third consecutive day wherein the index has closed above the same after a 10% flash rally. Given the geopolitical developments and a stretched rally looking tired on charts, we shift our stance to sideways from buy on dip with a short term support seen at 23900 below which weakening momentum could pick up. Despite a strong handover from the global front this morning, charts do not warrant […]

[ad_1] Gold prices softened marginally after US President Donald Trumpindicated he may not press for the removal of US Fed chief Jerome Powell and negotiate with China on tariffs. Prices of silver, on the other hand, perked up as recession fears receded.TNN [ad_2] Source link

[ad_1] Indian and US officials are set to begin formal talks on a proposed bilateral trade agreement (BTA) in Washington on Wednesday (US time), aiming to resolve outstanding issues and advance negotiations, as reported by news agency PTI. The three-day talks mark the first face-to-face engagement under the agreed terms of reference, which span 19 chapters, including tariffs, non-tariff barriers, and customs facilitation.The US Trade Representative's office stated that the agreement aims to create opportunities for workers, farmers, and entrepreneurs in both countries, while expanding market access for American products. The US is seeking enhanced access, lower tariffs, and commitments to ensure long-term benefits.Read more: US trade body announces progress on bilateral trade dealA key concern for Washington is the growing trade deficit with India, which reached USD 45.7 billion in 2024. The US hopes the BTA will help narrow […]

[ad_1] The United States on Wednesday launched a fresh attack on China’s economic approach, calling its export driven model “unsustainable,” which harms not only China but also the rest of the world. Speaking at the IIF Global Outlook Forum in Washington, US treasury secretary Scott Bessent stressed rising concerns around trade imbalances that US President Donald Trump hopes to address through his sweeping tariff policies.Still, Bessent insisted that, “America First does not mean America alone.” LIVE: Treasury Secretary Scott Bessent speaks at IIF Global Outlook ForumHe also defended Trump administration’s moves, labeling them as a measure to encourage "deeper collaboration and mutual respect among trade partners," while fixing "intentional policy choices" by other nations that have weakened US manufacturing and put its security "at risk."Taking aim at the “status quo” of persistent global trade imbalances, warning, "it is not sustainable […]

[ad_1] The Institute of Chartered Accountants of India (ICAI) has decided to review the financial statements of Gensol Engineering Ltd and BluSmart Mobility Pvt Ltd for the financial year 2023–24, following serious allegations of financial misconduct and governance lapses involving the two companies.The move was confirmed by ICAI president Charanjot Singh Nanda, who said the decision was taken during a board meeting of the Financial Reporting Review Board (FRRB) on Wednesday.Nanda told PTI that the FRRB decided to undertake a review of the financial statements and the statutory auditor's report of Gensol Engineering and BluSmart Mobility for the financial year 2023-24.The FRRB’s mandate includes assessing compliance with accounting standards, standards on auditing, and schedules II and III of the Companies Act, 2013. It also evaluates adherence to various guidance notes and RBI-issued master directions.Gensol Engineering recently came under regulatory scrutiny […]

[ad_1] The Reserve Bank of India (RBI) has issued a circular asking Indian banks to shift their net banking facilities to an exclusive online domain- “.bank.in’. The process of shifting to exclusive domains must be completed latest by October 31, 2025, instructed RBI.The ‘.bank.in’ domain is a secure and exclusive digital space launched by the RBI for Indian banks, aimed at reducing online payment fraud and strengthening trust in digital banking services.the domain is also expected to help prevent phishing and spoofing attacks through illegitimate banking sites. An exclusive domain will ensure that customers can identify authentic banking websites.Looking at the rates of rising financial frauds, the move has been directed to curb down these frauds and strengthen the confidence of the users on internet banking platforms.As per the circular released by RBI, it said,” Please refer to para 4 […]

[ad_1] By all appearances, Donald Trump is looking for a way out. Just months into his second presidency, the US President is signaling a retreat - or at least a recalibration - on one of his most aggressive economic fronts: the trade war with China.At a White House press conference on Tuesday, Trump appeared to temper his earlier hardline stance on tariffs, saying duties on Chinese imports “will come down substantially” but “won’t be zero.” His tone was markedly less confrontational: “We’re going to be very nice and they’re going to be very nice,” he said, striking an oddly conciliatory note for a man who just weeks ago called Chinese trade practices “cheating at a planetary scale.”To some, this sounded like strategy. But to many experts and investors, it sounded more like anxiety.“Trump is panicking due to the markets plummeting […]

[ad_1] Boeing on Wednesday said that China has "stopped taking delivery" of its aircraft, as tensions between Washington and Beijing over tariffs continue to disrupt the global aviation market.The company will now begin marketing the planes to other airlines after Chinese carriers returned the planes, Aerospace giant CEO Kelly Ortberg said in an interview with CNBC.Boeing would be “pretty pragmatic” in finding alternative buyers for the aircrafts, he added.Boeing CEO: We're on target for positive free cash flow in second half of yearThe remarks came after reports of multiple Boeing 737 MAX jets, originally bound for Chinese airlines, were flown back to the United States. One such aircraft, destined for Xiamen Airlines, made an unplanned return to Boeing Field in Seattle on Sunday.The shift came after US President Donald Trump raised tariffs on Chinese imports to 145% earlier this month […]

[ad_1] US stocks kicked off Wednesday’s trading session with a powerful rally, fuelled by renewed investor optimism after key political developments helped ease recent market tensions.Following weeks of volatility driven by concerns over interest rates, central bank independence, and global trade, Wall Street welcomed signs of stability from Washington.Markets surged after President Donald Trump backed off threats to fire Federal Reserve Chair Jerome Powell and suggested a potential thaw in the trade standoff with China. Trump’s more measured comments came as a relief to investors worried about policy uncertainty and its potential impact on the broader economy.By 9:49 AM ET, the Dow Jones Industrial Average had surged 1,048.76 points, or 2.68%, to 40,235.74. The Nasdaq Composite soared 675.65 points, or 4.14%, to 16,976.07, leading the charge thanks to strong rebounds in major technology names. The S&P 500 followed suit, up […]