[ad_1] As US President Donald Trump sends shockwaves through global markets, one asset class that stands gleaming is gold. On Tuesday, its price reached a new record high of nearly $3,150 per ounce in the international market amid concerns over the global economy taking a big hit once Trump’s reciprocal tariffs come into force from…
[ad_1] Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open on a flat note on Wednesday, following mixed cues from global markets. Asian markets traded mixed, while the US stock market ended mostly higher overnight, ahead of the US reciprocal tariffs announcements. On Tuesday, the Indian stock…
[ad_1] On Tuesday—the worst day for the Indian markets since 28 March—benchmark indices tumbled more than 1.5%, reflecting jitters around the upcoming announcement and leaving investors poorer by more than â‚ą3.4 trillion. The S&P BSE Sensex dropped 1.8% to settle at 76,024.51, while peer Nifty 50 closed 1.5% lower at 23,165.70. After a sharp 14%…
[ad_1] US Stock Market: The stock markets in the United States dropped to a six-month low on Monday, March 31, as Wall Street opened lower over fears looming about the upcoming tariffs from the Donald Trump administration on April 2. At 9:30 a.m. (EDT), The US benchmark indices opened lower, with the Dow Jones Industrial…
[ad_1] Price hikes by automobile companies will kick in from 1 April, casting a shadow over India’s already struggling passenger car market. Struggling with rising prices of key raw materials and nervous over uncertainty created by the US’ new auto tariffs, carmakers have shifted focus from the mass market to the high-end segment to maintain…
[ad_1] I was reminded of it on Wednesday evening when Trump—who’s owned many European luxury cars over the years—announced a blanket 25% tariff on all new vehicle imports, as well as key components. The president cited national security grounds, but his aim is clear—to force manufacturers to re-shore production and thereby create US manufacturing jobs….
[ad_1] The Google Tax, officially, an equalization levy on foreign service firms, does not generate much revenue. The tax, levied at the rate of 6% on the gross digital advertising placed by Indian entities on platforms owned by the likes of Google, Meta, and Amazon, has yielded less than â‚ą3,500 crore so far this year,…
[ad_1] The Federal Reserve, the central bank of the United States, is driving blindfolded. That’s my single most important takeaway from its policy announcement last week. On the predictable side, the Fed kept policy rates in a range of 4.25-4.5%, and the rate-setting committee pledged to slow the pace at which it’s allowing securities to…
[ad_1] Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open higher on Monday, extending the rally from last week, amid mixed global market cues. Asian markets traded lower, while the US stock market ended higher on Friday, with the Dow Jones posting the largest weekly gain in two…
[ad_1] The Indian stock market staged a strong rebound fueled by improving investor sentiment, improving foreign flows, and positive global cues. Bulls were back in action with renewed buying interest across counters, setting calls for further uptrend before the closing of the financial year 2024-25. Next, investors will monitor some key market triggers in the…
