Gold and silver prices are poised for volatility this week, heavily influenced by US-Iran negotiations in Switzerland and crude oil market shifts. Analysts are closely monitoring these talks, which could impact global risk sentiment and energy prices. Domestic markets will observe Muharram closures. Precious metals saw a dip last week due to a stronger rupee
India continues to be the Asian Development Bank’s top market for private sector investments. The ADB plans to inject approximately $1 billion in direct financing this year, aligning with India’s development goals. This follows a significant $2 billion channeled into India’s private sector last year. The bank will maintain this momentum, focusing on green energy,
India’s crude oil imports from Russia surged in June, solidifying Moscow’s position as the top supplier, while UAE shipments remained strong. This strategic diversification aims to secure energy supplies amidst ongoing uncertainties surrounding the Strait of Hormuz. Despite a gradual reopening of the strait, refiners are maintaining robust purchases from alternative sources, indicating a lasting
India and the European Union are poised to sign their landmark free trade agreement by December, with implementation expected by early 2027. This pact promises Indian exporters near-zero duty access to the vast European market, opening up significant opportunities. Discussions are also progressing on trade deals with the US and Canada, highlighting India’s growing global
Indian equity markets witnessed a significant surge last week, adding Rs 2.15 lakh crore to the valuation of nine out of the top 10 most valuable companies. Bharti Airtel emerged as the top gainer, followed by LIC and Bajaj Finance. This rally was fueled by improved global risk appetite and easing geopolitical concerns, boosting investor
India’s merchandise exports have demonstrated remarkable resilience, surging approximately 15% from April 1 to June 14, despite global economic headwinds and increased US tariffs. Minister Piyush Goyal highlighted this robust growth, even as international trade faces significant challenges. This positive trend follows a strong May performance, underscoring India’s continued strength in outbound shipments. Goyal also
Petrol and diesel prices may soon see a dip as India receives cheaper crude oil, Union Minister Hardeep Singh Puri indicated. He defended domestic fuel pricing, stating increases have been minimal globally despite market volatility. The government has absorbed significant costs through excise duty cuts, shielding consumers from the full impact of rising international rates.
Three Indian oil tankers, carrying over 8.6 lakh metric tonnes of cargo and 94 crew members, have successfully navigated the Strait of Hormuz and are heading home. This safe passage follows a US decision to lift its blockade on Iran, allowing resumed movement through the vital waterway. The government assures continued efforts to protect India’s
India’s 2026 economic outlook hinges on monsoon performance, with El Niño posing a significant risk of deficient rainfall impacting agriculture. Meanwhile, the nation’s equity investor base is rapidly expanding, becoming younger and more diverse, with a notable surge in participation from smaller cities. Despite this growth, trading activity remains heavily concentrated among a small group
Dairy consumers might face another price hike by July or August, with industry experts warning of a potential 3-4% increase. This follows a recent 2-3% rise in May. Concerns are mounting over El Niño potentially worsening fodder shortages and impacting milk production, prompting the Maharashtra government to urge farmers to boost fodder cultivation. Major dairies
