Business

[ad_1] The impact of rate reductions on short and medium-term FDs will be more immediate. (AI image) Are fixed deposits your go to investment option? Then now may be the right time to put your money in FDs as interest rates are likely to come down soon. Fixed deposit investors must take swift action as the interest rate reduction cycle progresses, following RBI's 25 basis points cut in the repo rate during the second MPC meeting on April 09, 2025. Fixed deposit interest rates are expected to decline further after this latest adjustment. The central bank has implemented its second rate reduction, following a 25 basis points decrease (100 basis points = 1%) during February 2025's monetary policy meeting. Notably, RBI has shifted its monetary policy stance from neutral to accommodative, indicating potential additional repo rate reductions this year, which […]

[ad_1] In February, India and US had announced plans to complete the first phase of a trade agreement soon. (AI image) India is eager to expedite a trade agreement with the United States following US President Donald Trump's unexpected decision to temporarily pause the implementation of reciprocal tariffs on many countries whilst increasing duties on China.Trump announced an increase to 125% tariff on Chinese imports to maintain pressure on China, whilst the US reciprocal tariff for India remains at 10%.In February, India and the United States had announced plans to complete the initial phase of a trade agreement by autumn 2025, with the objective of achieving bilateral trade of $500 billion by 2030."The 90-day pause on reciprocal tariffs is a relief for Indian exporters, especially shrimp exporters," a government official told Reuters.The official noted that India was amongst the earliest […]

[ad_1] US export shipments from China are on hold. Indian companies and Chinese part makers are negotiating to lower prices by up to 5%. (AI image) Chinese electronics component makers are offering price reductions of up to 5% to Indian companies as part of new sourcing contract negotiations, driven by concerns over the US trade conflict. US President Donald Trump has slapped a whopping 125% tariff on Chinese goods after China announced retaliatory tariffs.The US-China trade dispute has considerably reduced new orders to Chinese manufacturers, as global supply networks adjust to reciprocal tariffs, with the US imposing the highest rate of 125% on Chinese goods. The decreased American demand for Chinese electronics will also affect component requirements.The discounts being offered by Chinese companies are a substantial concession in an industry with slim 4-7% profit margins, according to an ET report. […]

[ad_1] NEW DELHI: Indian exporters got a three-month reprieve from the 26% reciprocal tariff, but the good news comes with higher risk of desperate Chinese industry scrambling for alternative markets to dump their goods, amid Trump's 125% duty on China.Indian policymakers were seeing it as a cautionary tale about the fluidity and volatility of the situation and justified their decision to engage with the US rather than being baited into a knee-jerk reaction.Trump's 90-day pause suddenly makes sourcing of goods from India more attractive for companies that have a presence both in India and China, a move that could help spur economic activity in the country. It also gives time for govt to work out a strategy and engage with the US to speed up the proposed trade deal, although officials will have to get back to the drawing board.The […]

[ad_1] Bitcoin experienced an exhilarating rally on Wednesday afternoon, spiking more than 7% to hit $82,350.37, following a surprise announcement from US President Donald Trump. Trump revealed on social media that he had authorized a 90-day pause on tariffs, offering a brief but much-needed breather to the market. This move not only sparked a surge in Bitcoin’s price but also had a ripple effect across the broader cryptocurrency landscape.Earlier in the day, Bitcoin had dipped as low as $74,567.02, pressured by a brief spike in the US 10-year Treasury yield, which had climbed over 4.51%. However, as Trump’s tariff pause news broke, Bitcoin’s price quickly reversed course, soaring higher, as per CNBC report. The broader crypto market didn’t miss out on the action. Ethereum, Dogecoin, and XRP all surged by more than 12%, while Solana’s token shot up by an […]

[ad_1] MUMBAI: The rupee fell 41 paise against the dollar on Wednesday, tracking weakness in the yuan. The local unit, which closed at 86.27 on Tuesday, declined to a three-week low of 86.71 before settling at 86.68. In three days the rupee has weakened by 144 paise against the dollar.The stock market traded steady on Wednesday despite escalation of the US-China tariff war and closed marginally down. RBI decision to cut interest rates by an expected 25-basis points (100bps = 1 percentage point), did not have much impact on Dalal Street investors as that was already discounted by investors in the run-up to the rate setting committee meeting. The stock market will open next on Friday as Thursday is a trading holiday on account of Mahavir Jayanti. [ad_2] Source link

[ad_1] NEW DELHI: After collecting a record Rs 74,000 crore in dividends from central public sector undertakings during the last financial year, govt on Wednesday encouraged private companies to provide fair dividends to their shareholders. It also asserted that it would adjust its disinvestment strategy according to the prevailing market conditions."While market capitalisation of public sector undertakings is only 10% of the overall m-cap, they have distributed about 25% of total dividends. We will also encourage private corporations to declare fair dividends for their minority shareholders so that together, we can make our stock market a more inclusive and rewarding space for the common investor," Dipam secretary Arunish Chawla told reporters.At the same time, he assured investors that the payout did not come at the cost of capital expenditure and that even in the current financial year, they would meet […]

[ad_1] Oil prices climbed on Wednesday, bouncing back from four-year lows earlier in the session, after US President Donald Trump announced he would further increase tariffs on China but pause the tariff increases he announced last week for most other countries. Brent futures were up $1.8, or 3%, to $64.6 a barre - the contracts lost about 7% earlier in the session before the reversal. Meanwhile, gold extended gains for the biggest intraday jump in five years as global markets gyrated and bonds sold off after Trump's announcement and China and Europe hit back with levies of their own. Spot gold rose as much as 3.8% to as high as $3,095 an ounce on Wednesday, the biggest intraday increase since March 2020. "Gold is currently the ultimate safe haven," said an analyst.Agencies [ad_2] Source link

[ad_1] MUMBAI: Pratyush Sinha, a former chief vigilance officer and retired IAS officer, has been appointed to lead Sebi's high-level committee (HLC) focusing on conflict of interest, disclosures and associated matters concerning the regulatory body's members and officials. The other members of the committee include Injeti Srinivas, Uday Kotak, G Mahalingam, Sarit Jafa, and R Narayanaswamy, a Sebi release said.Sebi in its March 24 board meeting had approved the constitution of a committee that will conduct a thorough assessment of regulations regarding conflict of interest, declarations of property, investments, liabilities, and associated matters pertaining to the regulator's board members and officials.The HLC will review Sebi's existing policies and frameworks governing conflict of interest, disclosures and related matters and identify any gaps or ambiguities, the release said. It will also recommend a robust framework for preventing, mitigating and managing conflict of […]

[ad_1] LONDON/ DELHI: Finance minister Nirmala Sitharaman said on Wednesday that the govt is focusing on ensuring that domestic demand stayed strong to maintain the underlying strength of the Indian economy. Her comments come amid fears that US tariffs would cause global slowdown, which also prompted RBI to lower the forecast for the current fiscal year. While backing RBI's latest rate cut, FM said the Indian economy would require support from both the central bank and the ministry to maintain growth in the face of global uncertainties induced by the US tariff hikes. "The ministry has been keeping pace with certain policy decisions and also in the Budget, several announcements have been made to invigorate growth and now, therefore coming to this decision (rate cut) is absolutely welcome," Sitharaman said.On the long-term impact of US tariffs on Indian imports, she […]