US stocks edged higher on Wednesday, with the S&P 500 breaching the 7,000-point mark for the first time, underscoring sustained investor optimism around artificial intelligence, resilient Big Tech earnings prospects and expectations of eventual monetary easing.The benchmark index rose 0.3 per cent, extending gains after its latest record close. The Dow Jones Industrial Average advanced…
The Indian Stainless Steel Development Association (ISSDA) on Wednesday described the India–European Union free trade agreement as a significant step in India’s global trade engagement, while cautioning that adequate safeguards will be needed to protect domestic stainless steel producers, PTI reported.India and the EU announced the conclusion of negotiations for the FTA earlier this week….
India’s approach to sourcing crude oil is increasingly tilting toward supplies that carry lower risk. (AI image) India and the US trade talks have so far failed to yield a deal, and Russian oil continues to play a role in any tariff relief that India would want from the Donald Trump administration. India faces 50%…
The rupee on Wednesday depreciated 31 paise to close at an all-time low of 91.99 against the US dollar, marking the second instance in less than a week that the currency has settled at its weakest-ever level, pressured by heightened month-end demand for the greenback and lingering geopolitical concerns, traders said.At the interbank foreign exchange,…
Canada has conveyed its intent to expedite the launch of formal negotiations for a free trade agreement (FTA) with India, signalling a reset in bilateral trade engagement after talks were paused in 2023, PTI reported citing an official statement on Wednesday.Canada’s Minister of Export Promotion, International Trade and Economic Development Maninder Sidhu has invited Commerce…
India-US trade deal: The much-awaited trade deal between India and the US may be finalised ‘any day now’. A report quoting sources in the Ministry of External Affairs has said that discussions between the two sides are underway and significant progress has been made towards the goal of finalising a trade deal. US President Donald…
The Maharashtra state government has declared a three day state mourning after the passing away of Deputy Chief Minister Ajit Pawar. The veteran leader of Nationalist Congress Party, died in a plane crash on Wednesday morning in Baramati.Along with Pawar, his personal security officer, an aide, and two crew members comprising the pilot in command…
Gold prices surged to fresh lifetime highs on Wednesday as a sharp fall in the US dollar and renewed geopolitical tensions drove strong safe-haven demand, while silver extended its record-breaking rally in futures trade.On the Multi Commodity Exchange (MCX), gold futures for the February contract rose Rs 4,730, or 3 per cent, to touch a…
India’s industrial production growth accelerated to a more than two-year high of 7.8% in December 2025, driven by strong performances across mining, manufacturing and electricity, official data released on Wednesday showed.Factory output, measured by the Index of Industrial Production (IIP), had grown 3.7% in December 2024, PTI reported.“Industry momentum further strengthened in December 2025 as…
Tempted by glittering returns of Bitcoin and Ethereum, lack of clarity is holding you back? Will Union Budget 2026 lend some clarity to the crypto framework in India?The Halwa ceremony is now over, final preparations are in place and all eyes are on what Union finance minister Nirmala Sitharaman’s red bahikhata is holding for various…
