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Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory Gold prices maintain a positive trend, trading near a two-week high amid escalating geopolitical tensions and softer US Treasury yields. Factors like China's resumption of gold purchases and heightened safe-haven demand due to the Russia-Ukraine conflict and political unrest in South Korea and France bolster prices. Despite hawkish comments from Fed officials hinting at a potential pause in rate cuts, expectations of lower borrowing costs and subdued US Dollar strength support Gold’...
Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory
Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 03:42:31 pm
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory China's exports grew 6.7% in November, missing forecasts, while imports unexpectedly fell by 3.9%, signaling growing trade challenges. U.S. President-elect Donald Trump’s pledge to impose new tariffs on Chinese goods and unresolved EU-China disputes over electric vehicle tariffs heighten risks for China’s export-driven economy. Meanwhile, South Korea’s declining exports to China reflect weak demand for components. The trade surplus rose to $97.44 billion, slightly up fro...
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory
China's Exports Slow, Imports Shrink Amid Trade Uncertainties by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 03:31:56 pm
Comment on US presidential outcome and its impact on climate change and trade from an India relationship standpoint by Viswajit Srinivasan a senior banker Below the Comment on US presidential outcome and its impact on climate change and trade from an India relationship standpoint by Viswajit Srinivasan a senior banker   Trump, in the run up to the elections promised his voters that the US would opt out of the Paris agreement if he were to be elected President. This would mean the US would be only the fourth country other than Yemen, Libya and Iran to not be part of the Paris agreement. The US pull-out from the Paris agreement can be ...
Comment on US presidential outcome and its impact on climate change and trade from an India relationship standpoint by Viswajit Srinivasan a senior banker
Comment on US presidential outcome and its impact on climate change and trade from an India relationship standpoint by Viswajit Srinivasan a senior banker
Source: PR Agency
2024-11-07 12:46:03 pm
Kenyan President encourages more private investment in geothermal energy exploration Kenyan President William Ruto urged private investors to fully explore the country's geothermal energy potential, noting that only 10 per cent of it has been investigated.  Speaking at the groundbreaking ceremony for the 35 megawatt (MW) Orpower 22 geothermal power plant in Menengai, Nakuru County, northwest Kenya, Ruto highlighted the untapped opportunities within the sector, Xinhua news agency reported. "So far, we have tapped only 950 MW, a small fraction of our geother...
Kenyan President encourages more private investment in geothermal energy exploration
Kenyan President encourages more private investment in geothermal energy exploration
Source: IANS
2024-10-25 02:07:47 pm
India and UAE solidify strategic partnership during Abu Dhabi Crown Prince`s Delhi visit Welcoming the third generation of UAE leadership to the Rashtrapati Bhavan, President Droupadi Murmu on Monday highlighted that the "historic yet forward-looking" bilateral relationship between India and the United Arab Emirates has been transformed after having been steered by the "visionary leadership" of both countries over the past decade. As Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, called on her Monday afternoon, President Murmu...
India and UAE solidify strategic partnership during Abu Dhabi Crown Prince`s Delhi visit
India and UAE solidify strategic partnership during Abu Dhabi Crown Prince`s Delhi visit
Source: IANS
2024-09-10 09:45:48 am
President Murmu`s customary `dahi-cheeni for FM Nirmala Sitharaman Ahead of presenting the Union Budget in Parliament, Finance Minister Nirmala Sitharaman met President Droupadi Murmu in the Rashtrapati Bhawan on Tuesday.  The President fed her 'dahi-cheeni', a ritual performed by elders in Indian families to bestow good luck before undertaking important tasks. This year's Budget is the seventh consecutive Budget for Finance Minister Sitharaman and the Modi government's 13th straight Budget since 2014. She also makes history as the...
President Murmu`s customary `dahi-cheeni for FM Nirmala Sitharaman
President Murmu`s customary `dahi-cheeni for FM Nirmala Sitharaman
Source: IANS
2024-07-23 11:14:32 am
India's GDP growth for FY25 to surpass Economic Survey's forecast: CII The Economic Survey 2023-2024 is positive about the India growth story, and India's GDP growth for FY25 will surpass the forecast and has the potential to reach 8 per cent, Sanjiv Puri, President, Confederation of Indian Industry (CII), said on Monday.  The Economic Survey, tabled by Union Finance Minister Nirmala Sitharaman in the Parliament, projects India’s GDP growth rate at 6.5 to 7 per cent for 2024-25 as it sees the economy on a strong wicket. According to Puri, th...
India's GDP growth for FY25 to surpass Economic Survey's forecast: CII
India's GDP growth for FY25 to surpass Economic Survey's forecast: CII
Source: IANS
2024-07-22 05:56:06 pm
Indonesia starts exporting electricity to Papua New Guinea Indonesian President Joko Widodo and Papua New Guinea Prime Minister James Marape met at the Bogor Palace on Monday to discuss cooperation in various fields, including electricity exports to the border region.  "Regarding the development of the electricity network by PT PLN at the border, I would like to announce that starting today, electricity has been turned on in Wutung," Widodo said at a joint press conference, reports Xinhua news agency. The electricity network runs...
Indonesia starts exporting electricity to Papua New Guinea
Indonesia starts exporting electricity to Papua New Guinea
Source: IANS
2024-07-15 04:54:26 pm
Union Budget: PM Narendra Modi to meet prominent economists today Prime Minister Narendra Modi will on Thursday hold a meeting with leading economists to discuss the Union Budget 2024-25.  The budget will be presented by Finance Minister Nirmala Sitharaman in Parliament on July 23. The Budget Session will start on July 22 and conclude on August 12. Economists, industry experts and Niti Aayog Vice Chairman Suman Bery will discuss the fiscal situation and strategies, and also present views and recommendations to the Prime Minister at the meeting, a...
Union Budget: PM Narendra Modi to meet prominent economists today
Union Budget: PM Narendra Modi to meet prominent economists today
Source: IANS
2024-07-11 10:57:58 am
India on way to become a global economic superpower Driven by the government's production-linked incentive (PLI) schemes, robust local manufacturing towards becoming a supply chain hub, and strong GDP growth, India is marching towards becoming a global economic superpower in the next decade.  The country embarked upon its journey under various schemes launched by Prime Minister Narendra Modi and his government in the last 10 years. It saw tremendous growth -- be it a thrust on local manufacturing, new semiconductor plants, AI, 5G, ...
India on way to become a global economic superpower
India on way to become a global economic superpower
Source: IANS
2024-06-27 05:20:05 pm
Government reforms have made banks robust & profitable: President Droupadi Murmu President Droupadi Murmu said on Thursday that the reforms carried out by the government over the last 10 years have made public sector banks more robust, profitable, and capable of driving the nation’s economic growth.  Addressing the joint session of Parliament, the President said that a lot of reforms have been carried out in the last 10 years that are benefitting the nation today. She pointed out that SBI is at a record level of profit now, and that LIC (Life Insurance Co...
Government reforms have made banks robust & profitable: President Droupadi Murmu
Government reforms have made banks robust & profitable: President Droupadi Murmu
Source: IANS
2024-06-27 04:38:17 pm
Budget will see many 'historic steps' towards making India the 3rd largest economy: President Murmu President Droupadi Murmu on Thursday said the upcoming Union Budget will be an effective document of the government's far-reaching policies and futuristic vision.  Along with major economic and social decisions, many historic steps will also be seen in this budget, President Murmu said during her address to the Parliament. "The pace of reforms will be further accelerated in tune with the aspirations of people of India for rapid development. My Government believes that ther...
Budget will see many 'historic steps' towards making India the 3rd largest economy: President Murmu
Budget will see many 'historic steps' towards making India the 3rd largest economy: President Murmu
Source: IANS
2024-06-27 03:55:51 pm
Oil gains with September US rate cut in sights Oil prices extended gains on Thursday with support from growing expectations of an interest rate cut from the U.S. Federal Reserve in September, even as the upside was capped by an OPEC+ plan to increase supply and higher U.S. inventories. Brent crude futures traded up 57 cents or 0.7% at $78.98 a barrel by 0815 GMT. U.S. West Texas Intermediate crude futures were up 62 cents or 0.8% at $74.69. Oil benchmarks rose more than 1% on Wednesday, recovering after sliding by nearly $8 a barrel...
Oil gains with September US rate cut in sights
Oil gains with September US rate cut in sights
Source: Reuters
2024-06-06 09:12:33 am
Zoho`s Sridhar Vembu invests in homegrown drone startup Yali Aerospace London-based consumer tech brand Nothing on Tuesday announced the appointment of Vishal Bhola as President for India business.  Bhola, in his new role, will play a key role in accelerating the company's growth trajectory in India, leveraging his expertise in consumer tech and strategic business management. "The company's iconic products and inspiring vision to make tech fun again resonate with me. I am eager to contribute to Nothing's next phase of growth and innov...
Zoho`s Sridhar Vembu invests in homegrown drone startup Yali Aerospace
Zoho`s Sridhar Vembu invests in homegrown drone startup Yali Aerospace
Source: IANS
2024-05-28 02:15:17 pm
Sanjaya Kumar Mishra takes oath as President of GST Appellate Tribunal Finance Minister Nirmala Sitharaman on Monday administered the oath of integrity and secrecy to Justice Sanjaya Kumar Mishra (Retd) as the President of the GST Appellate Tribunal (GSTAT). The appointment marks the beginning of the operationalisation of GSTAT, a crucial body for resolving GST-related disputes, said a Finance Ministry statement. GSTAT is the appellate authority established under the Central Goods and Services Tax Act, 2017, to hear various appeals under the said Act and t...
Sanjaya Kumar Mishra takes oath as President of GST Appellate Tribunal
Sanjaya Kumar Mishra takes oath as President of GST Appellate Tribunal
Source: IANS
2024-05-07 10:19:16 am
President Droupadi Murmu unveils 1st `India-made` affordable gene therapy for cancer In a ray of hope for millions suffering from cancer, President Droupadi Murmu on Thursday unveiled the country’s first indigenously-made and affordable gene therapy for the deadly disease. Launching the gene therapy treatment called “CAR-T cell therapy” at IIT Bombay, President Murmu said that it will be successful in giving new lives to countless patients. This cell therapy has been available in developed nations for some time but is extremely costly and beyond the re...
President Droupadi Murmu unveils 1st `India-made` affordable gene therapy for cancer
President Droupadi Murmu unveils 1st `India-made` affordable gene therapy for cancer
Source: IANS
2024-04-04 05:45:48 pm
Cabinet approves interim budget  The Cabinet, chaired by Prime Minister Narendra Modi, has approved the interim budget on Thursday. Finance Minister Nirmala Sitharaman is now presenting the interim budget in the Lok Sabha. She reached her ministry where she had a photo session with his budget preparation team. She along with Minister of State for Finance Pankaj Chaudhary and Minister of State for Finance Bhagwat Karad and senior officials of the ministry went to Rashtrapati Bhavan and took the approval of President ...
Cabinet approves interim budget
Cabinet approves interim budget
Source: IANS
2024-02-01 11:21:45 am
Interim Union Budget 2024: FM reaches Rashtrapati Bhawan  Union Finance Minister Nirmala Sitharaman reached Rashtrapati Bhawan to call on President Droupadi Murmu before presenting the interim Union Budget for 2024 in Lok Sabha. The FM will also attend the Union cabinet meeting and then present the budget at around 11 a.m. Sitharaman will also lay a statement of the estimated receipts and expenditure of the government in the interim budget. An interim budget serves as a temporary measure, often lacking extensive policy considerations,...
Interim Union Budget 2024: FM reaches Rashtrapati Bhawan
Interim Union Budget 2024: FM reaches Rashtrapati Bhawan
Source: IANS
2024-02-01 10:54:20 am
US Prez Joe Biden departs for Vietnam after attending G20 Summit US President Joe Biden on Sunday departed from Delhi to Vietnam after concluding the G20 summit.Biden had arrived on the evening of September 8 to attend the G20 Summit in the national capital.He held bilateral discussions with Prime Minister Narendra Modi on the same day, where both the nations agreed to co-operate in the sectors like telecom, space, renewable energy, defence and education.Biden along with Modi also announced the launch of the Global Biofuels Alliance on the sidelines of the...
US Prez Joe Biden departs for Vietnam after attending G20 Summit
US Prez Joe Biden departs for Vietnam after attending G20 Summit
Source: IANS
2023-09-10 12:26:22pm