Buisiness

Indian stock markets maintain a close correlation with the US stock markets, Goldman Sachs has said in a recent analysis. According to Goldman Sachs, whilst India’s economy remains comparatively protected from US economic deceleration, the stock markets of both nations demonstrate significant interconnectedness.The analysis emphasised that India’s economy exhibits reduced vulnerability to American slowdowns compared…

In a bid to protect the domestic steel industry from a surge in low-cost imports, the Central government has imposed a 12 percent provisional safeguard duty on certain non-alloy and alloy steel flat products. The move, announced by the Ministry of Steel, aims to provide immediate relief to Indian manufacturers grappling with market distortions caused…

The Khadi and Village Industries Commission (KVIC) has achieved a milestone, with its turnover crossing 1.70 lakh crore for the first time in independent India’s history, according to the Ministry of Micro, Small and Medium Enterprises. KVIC Chairman Manoj Kumar shared provisional figures for the financial year 2024–25, marking record growth across production, sales, and…

Gold prices breached the Rs 97,000 per 10 grams level for the first time in futures trade on Monday, surging by Rs 2,111 to hit an all-time high of Rs 97,365 per 10 grams on firm local demand. Continuing the winning streak for the third straight day, the most-traded June delivery contract of the precious…

India’s core infrastructure sectors posted a slower growth of 3.8 per cent in March 2025, compared to 6.3 per cent in the same month a year ago, according to official data released on Monday.However, the figure showed a slight improvement over February’s 3.4 per cent growth.The moderation in March was largely due to a decline…

US President Donald Trump‘s renewed attacks on Federal Reserve Chairman Jerome Powell and the central bank’s independence are stirring market uncertainty, contributing to the US dollar hitting a three-year low.The ICE U.S. Dollar Index, which tracks the greenback against a basket of major foreign currencies, fell to 97.92 on Monday, marking its lowest level since…

US stocks fell sharply on Monday following a new round of criticism from former President Donald Trump towards Federal Reserve Chair Jerome Powell. Trump, in a post on Truth Social, referred to Powell as “Mr. Too Late, a major loser” and reiterated his demand for immediate interest rate cuts.As of 10:30 a.m. ET, The Dow…

NEW DELHI: Google has reached a settlement with the Competition Commission of India (CCI) in a case involving alleged unfair business practices in the Android TV segment. As part of the settlement, Google has agreed to pay Rs 20.24 crore to the regulator, according to news agency PTI. This marks the first case to be…

NEW DELHI: In a significant shift towards more frequent economic data dissemination, the Central government will begin releasing unemployment figures on a monthly basis starting May 15, a senior official from the Ministry of Statistics and Programme Implementation announced on Monday.According to PTI, the initial release will cover data for the months of January, February,…

Marcellus Investment CEO Saurabh Mukherjea (File photo from Marcellus website) White-collar employment, long considered the backbone of India’s growing middle class, is undergoing a significant decline, according to prominent investment strategist Saurabh Mukherjea. The founder and chief investment officer of Marcellus Investment Managers warns that stable, salaried jobs are no longer a sustainable model for…