Buisiness

Klaus Schwab (Photo credit- WEF) Klaus Schwab, the founder and long-time face of the World Economic Forum (WEF), has stepped down as Chairperson and member of its Board of Trustees with immediate effect, the Geneva-based organization announced on Monday.In a message to the board, Schwab said, “Following my recent announcement, and as I enter my…

China has issued a sharp warning against what it sees as growing US pressure on its global trading partners, vowing to “firmly oppose and retaliate” against any moves that compromise its national interests.The statement comes amid reports, cited by the South China Morning Post, that Washington is urging allies to scale back trade with Beijing…

Gold rate today: Gold prices for June futures on the Multi Commodity Exchange (MCX) witnessed a significant rally on Monday, soaring by Rs 1,500 or 1.4 per cent to reach an all-time high of Rs 96,747 per 10 grams.Silver May futures also followed suit, rising by Rs 693 or 0.73 per cent to settle at…

Photo: Ministry of Finance Nirmala Sitharaman, the Union minister for finance and corporate affairs has emphasized that India’s growth potential is recognised by institutions like World Bank and International Monetary Fund. India’s importance in supporting global trade was also highlighted by Sitharaman.FM Sitharaman is on a visit to US and Peru, where she would have…

International courier giant DHL has announced a temporary suspension of package deliveries exceeding $800 in value from companies to individual recipients in the United States, citing delays triggered by recent changes to US customs regulations.In a statement, DHL said, “As a result of recent US Customs regulatory updates, we are experiencing multi-day transit delays to…

Bitcoin rebounded, reaching its peak level since Trump’s “Liberation Day” tariff declarations, whilst the dollar weakened due to growing concerns about the US president’s attempts to dismiss Federal Reserve Chairman Jerome Powell.The premier cryptocurrency‘s value increased approximately 3 per cent to exceed $87,600 on Monday morning in Singapore, as Bloomberg’s data indicated. This recovery nearly…

Dr. VK Vijayakumar of Geojit Investments says, “Even though the global economic scenario is mired in uncertainty, India appears relatively resilient." (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, continued their upward trend on Monday morning. While BSE Sensex crossed the 79,000 mark, Nifty50 was close to 24,000. At…

MUMBAI: Sebi has received suggestions from industry experts that the markets regulator introduce tests for investors before being allowed to trade in risky derivative products to safeguard them.Similar systems are in practice in Singapore, Hong Kong, the EU.The proposals were sent to Sebi after the regulator last month published a consultation paper on proposed changes…

Chinese President Xi Jinping with US counterpart Donald Trump China on Monday said that they firmly opposes any nations reaching a deal with the United States at the expense of Chinese interests and vowed to take “countermeasures” if interests are compromised. The statement came on Monday after reports that Donald Trump may offer tariff exemptions…

NEW DELHI: Markets regulator Sebi has said it found “no manufacturing activity” at Gensol Engineering’s electric vehicle plant in Pune, when an NSE official visited the site.These revelations were part of markets regulator Sebi’s interim order issued on April 15 following a complaint received in June 2024 alleging manipulation of Gensol’s share price and misappropriation…