Copper markets are witnessing a sharp rally as the red metal edges closer to the $12,000-a-metric-ton level, driven by rising demand from AI-led data infrastructure and growing concerns over supply constraints beyond the United States. So far this year, prices have surged 35%, putting the metal on course for its strongest annual performance since 2009….
India has relaxed visa norms for China the two countries take steps to mend relations strained by the eastern Ladakh border standoff in 2020. In its latest push, India will now make entry easier for Chinese professionals visiting for short-term.According to sources cited by PTI, Chinese nationals coming to India for limited durations will no…
MUMBAI: State Bank of India has cut rates on select deposits and reduced lending benchmarks. The move follows the 25 bps reduction in policy rate. The revised rates come into effect from Dec 15. The bank has cut the rate on its 444-day deposit from 6.6% to 6.5%.SBI has cut rates on select deposits and…
In what officials are calling Haryana’s most ambitious environmental push yet, the state has collaborated with World Bank and created the ‘Haryana Clean Air Project for Sustainable Development’ with a corpus of Rs 3,600 crore to ‘significantly improve’ air quality over the next five years.The proposal includes sweeping interventions, ranging from farm-level enforcement to industrial…
US President Donald Trump has often pointed to rising government revenues and sweeping investment pledges as proof that his economic strategy is working. However, many Americans, struggling with rising bills, have failed to see this growth materialising.Critics have also argued that the president is talking past households dealing with day-to-day affordability pressures. The disconnect is…
MUMBAI: New York-based alternative asset manager Brookfield is lining up investments worth over $1 billion (around Rs 9,000 crore) to set up a global capability centre (GCC) in Mumbai, raising its bets on India. The GCC, which will be Asia’s largest, is being developed through an agreement between Mumbai Metropolitan Region Development Authority (MMRDA) and…
NEW DELHI: Investment management firm Fidelity International has acquired a 6.3% stake in e-commerce firm Meesho, according to regulatory filings. Fidelity’s stake is valued at around Rs 3,155 crore based on the issue price of Rs 111 apiece. Meesho shares listed at over a 53% premium on Wednesday. Agencies Source link
NEW DELHI: Retail inflation inched up marginally in Nov from a record low in Oct, led by an some uptick in prices of vegetables, eggs, meat and fish, spices – prompting experts to say that it is expected to remain benign for now.Data released by the National Statistics Office (NSO) on Friday showed retail inflation,…
The Union Cabinet has approved significant reforms for the stock market and insurance sectors. The plan includes allowing 100% foreign investment in insurance, aiming to boost penetration and consumer choice. NEW DELHI: The Cabinet on Thursday cleared rewriting of laws in two critical sectors – stock markets and insurance. The plan is to allow 100%…
Russia’s diamond miner ALROSA CEO-Chairman Pavel Maryinchev said diamond companies will need time to adjust to the US tariff hike but the long-term impact is unlikely to be severe, adding that India’s cutting and polishing sector should be able to “adapt and minimise the effect”.“According to GJEPC data, the amount of diamonds purchased by Indian…