Business

India’s hunt for LPG or cooking gas is behind US moving up, while energy also helped imports from Brazil shoot up 2.8 times to $2.7 billion during this period. Shipments from Peru too were 3.7 times higher at over $2 billion, latest numbers from the commerce department showed. The South American nation is now the

India’s silver imports plummeted by 87% in May to their lowest in over three years, following government restrictions and increased duties. This sharp decline, with imports falling to $75.57 million and volumes dropping 94%, aims to curb precious metal purchases and ease pressure on the rupee.

The government is set to divest up to 5% of its stake in General Insurance Corporation of India (GIC) via an offer for sale, opening for institutional investors on June 16. Priced at a floor of Rs 352 per share, this move could raise approximately Rs 3,000 crore. Retail investors can participate the following day.

The Reserve Bank of India has tightened norms for advertising, marketing, and selling financial products, effective January 1, 2027. These revised directions aim to curb mis-selling and hold regulated entities accountable across all distribution channels, including social media influencers and digital marketing intermediaries. The RBI clarified that incentive structures will be reviewed to prevent aggressive

Global stock markets surged Monday as a tentative US-Iran ceasefire agreement to reopen the Strait of Hormuz eased inflation fears and boosted oil prices. Major indices like the S&P 500 and Nasdaq saw significant gains, with AI and airline stocks leading the advance. Bond yields also eased as the likelihood of further interest rate hikes

India and the UK are actively engaged in resolving outstanding issues to operationalize their free trade agreement, signed in July last year. Key sticking points include the UK’s steel safeguard measures and its proposed Carbon Border Adjustment Mechanism, which could impact Indian exports worth $775 million. Discussions are ongoing to find a resolution.

The Indian rupee strengthened against the US dollar for a second consecutive day, buoyed by a significant drop in crude oil prices following a preliminary US-Iran agreement. This rise also builds on recent Reserve Bank of India measures aimed at attracting dollar inflows. Traders anticipate further support for the rupee, though its appreciation pace may

Former NITI Aayog vice chairman Arvind Panagariya urges the government to revitalize its privatization drive for PSUs and PSBs, emphasizing its importance for economic reforms. He also advocates for a dedicated privatization ministry to expedite the process. Panagariya remains optimistic about FDI inflows, citing investor confidence despite capital outflows and a corrected rupee valuation.