Commerce Minister Piyush Goyal is leading a delegation to Greece to boost trade, investment, and startup collaboration. The visit aims to explore new commercial partnerships, building on recent diplomatic talks. Despite growing engagement, bilateral trade remains below its potential. Greece’s strategic location and strong maritime presence make it a key gateway to Europe for Indian
Wall Street braces for a crucial US jobs report that could sway Federal Reserve interest rate decisions. While the S&P 500 saw first-half gains, June’s volatility, driven by AI stock swings and inflation concerns, has investors on edge. A strong jobs number might fuel fears of further rate hikes, impacting market sentiment. Meanwhile, developments in
India’s debt market requires urgent structural reforms to fund its ambitious economic growth, warns Deloitte. The report highlights that relying solely on bank deposits is no longer viable as household savings shift. To achieve its $7.3 trillion economy target by 2030, the market needs greater depth, liquidity, and integration to efficiently bridge the rising capital
Gold and silver prices are poised for further pressure this week as global economic data and geopolitical tensions between the US and Iran take center stage. Analysts anticipate market participants will closely monitor key inflation and employment figures, which could sway the US Federal Reserve’s interest rate decisions. Geopolitical developments, particularly concerning US-Iran relations, are
Investors are bracing for a week dominated by Middle East geopolitical tensions, with crude oil prices and domestic economic data taking center stage. Key indicators like Industrial Production, PMI readings, and foreign exchange reserves will offer insights into India’s economic health. Auto sales figures and monsoon progress also remain crucial. Any escalation in US-Iran relations
India’s state-run oil companies have proven indispensable during recent crises, ensuring uninterrupted fuel supplies amidst floods, the pandemic, and Middle East conflicts. Despite past privatization attempts and criticisms, these public sector oil marketing companies have consistently prioritized national energy security over profit, absorbing global price shocks to shield consumers. Their extensive network and strategic role
The Commerce Ministry is convening a stakeholder meeting on June 30 to discuss crucial reforms for Special Economic Zones (SEZs). The focus will be on harmonizing export promotion schemes and simplifying business operations within these enclaves. Discussions will cover issues like domestic payments, job work, and import substitution, aiming to modernize the SEZ policy in
A Zurich Group report reveals that most of India’s planned renewable energy projects face significant climate risks by 2030. Ninety percent of these sites are at high or critical risk from hazards like floods and wildfires. However, with many projects still in development, incorporating resilience measures now, costing around 2% of CAPEX, could slash severe
US economic growth surprised on the upside, while job losses remained low. However, persistent inflation, fueled by rising fuel and electronics costs, is squeezing consumers. Despite a slowdown in spending, businesses are investing heavily in AI, leading to price hikes on tech products like Apple’s Macs and iPads. Mortgage rates also saw a slight increase,
