India and the US are nearing a trade deal, with negotiators meeting in New Delhi to finalize an interim pact before July 24. Discussions aim to recalibrate the agreement following recent US tariff policy shifts. Both nations are pushing for a fair and reciprocal deal that benefits American exporters and supports India’s growth, potentially involving
Data from Vortexa, combined with Bloomberg calculations, show that around 68 million barrels of crude and condensate were floating at sea as of June 22. More than 80% of that volume does not appear to have a confirmed destination, potentially making it available for sale.
Global markets experienced a significant downturn Tuesday, with Wall Street indices plunging amid a deepening tech stock sell-off. Concerns over heavy AI spending and anticipated US interest rate hikes are fueling investor anxiety. Major tech giants and chipmakers saw substantial drops, mirroring weakness seen across Asian and European exchanges. Oil prices remained subdued following a
India’s energy sector is closely watching the Strait of Hormuz situation, highlighting a continued reliance on the Middle East for crucial LPG supplies. While alternative sources like the US were tapped during disruptions, they couldn’t fully bridge the gap. Higher LNG prices also impacted demand, with a return to more favorable rates expected to boost
South Korea’s stock market experienced a dramatic plunge, with the KOSPI tumbling nearly 10% after hitting record highs. Investors rushed to sell chip stocks, particularly Samsung Electronics and SK Hynix, amid concerns of excessive speculation and the impact of leveraged investment products. This sharp sell-off follows a strong year for the market, with attention now
Apple, Microsoft, Nvidia and Amazon don’t trade on Indian exchanges, and for investors looking to diversify beyond the rupee and beyond Indian equities, the US market remains the deepest and most liquid in the world.
Around Rs 4.61 lakh crore in investor wealth was wiped as the combined market capitalisation of BSE-listed companies dropped to about Rs 475 lakh crore. BSE Sensex ended around 900 points down, dropped to levels just above 76,200. Nifty50 also dropped below 23,850.
Despite a sluggish stock market and foreign investor sell-offs, Indian retail investors are consistently investing through SIPs, showing remarkable resilience. Monthly SIP inflows surged significantly, becoming the primary demand driver for domestic equities. This sustained participation, fueled by favorable policies and a ‘set-and-forget’ approach, highlights a strong underlying investor confidence in the market’s long-term prospects.
Kunal Shah is an interesting choice, because WhatsApp does not need a leader to teach people how to send a message; it needs one who understands how trust, status, habit, and small transactions mutate inside closed networks, which is, almost exactly, the discipline CRED was built to practise.
India’s LPG imports from the US are set to hit a record 1 million tonnes in June, a significant shift driven by Middle Eastern supply disruptions. Despite higher costs, New Delhi is prioritizing uninterrupted cooking fuel for households. While traditional suppliers are gradually recovering, the US has become a crucial alternative source, highlighting a strategic
