The government’s recent measures to boost foreign portfolio investment (FPI) in Government Securities (G-Secs) are aimed at improving India’s chances of securing inclusion in Bloomberg’s flagship Global Aggregate Bond Index, government sources said on Tuesday, PTI reported.Last Friday, the Centre unveiled a series of reforms to increase FPI participation in G-Secs and deepen the domestic…
The rupee snapped its losing streak and appreciated 20 paise against the US dollar on Tuesday as easing crude oil prices and a weaker dollar improved investor sentiment amid hopes of a pause in hostilities between the US and Iran.Forex traders said the domestic currency also drew support from positive domestic equities, softer US Treasury…
The fertiliser ministry has sought a 100% increase in the fertiliser subsidy budget for FY27 as the West Asia conflict drives up global fertiliser prices and import costs, according to government sources, PTI reported.Sources said the Department of Fertilizers has approached the Finance Ministry seeking a doubling of the fertiliser subsidy from the budgeted Rs…
US stocks advanced on Tuesday as technology shares tied to the artificial intelligence (AI) boom extended their recovery from last week’s sharp sell-off, while lower oil prices eased pressure on investors.The S&P 500 rose 0.6%, moving back within 2% of the record high it touched a week ago. The Dow Jones Industrial Average gained 291…
A five-day meeting of BRICS member countries began in Indore on Tuesday, with discussions centred on food security, climate-resilient agriculture, farmer welfare and greater cooperation among member nations in the agriculture sector.Officials from BRICS countries participated in the opening round of discussions under India’s BRICS chairmanship, PTI reported.A senior official from the Department of Agriculture…
In the three months since the conflict began, Russia has continued to be the dominant player in India’s crude oil imports. (AI image) US President Donald Trump announced in February that India would stop buying Russian crude oil and step up energy ties with the United States of America. Four months after that, India’s Russian…
SpaceX’s blockbuster initial public offering has attracted more than $10 billion in orders from institutional investors, signalling strong demand for what could become the largest IPO in history, according to Bloomberg sources.Banks managing the offering are expected to stop accepting orders from institutional investors after US markets close on Wednesday, giving them time to assess…
China’s exports grew at a faster-than-predicted pace in May, supported by strong overseas demand for semiconductors, electric vehicles and other technology-related products, even as geopolitical tensions and elevated energy prices weighed on global trade.Data released by China’s customs agency on Tuesday showed exports rose 19.4 per cent year-on-year in May, up from April’s 14.1 per…
This financial year, India’s economic numbers might lose some points to the ongoing Middle East chaos. The conflict has dented consumer spending, as households are feeling the pinch of rising costs.Global analytics firm Fitch Ratings on Tuesday cut its FY27 GDP forecast for the country to 6.4% from 6.7% projected earlier. The ratings agency said…
The disruption has resulted in a temporary supply bottleneck driven by logistics issues rather than a permanent reduction in oil production. (AI image) Oil prices may average at around $87 per barrel in 2026 as the reopening of Strait of Hormuz in the coming months would ease crude supplies globally, says Fitch Ratings. Global oil…
