India’s economy is showing remarkable resilience amidst global challenges, driven by robust industrial and services sectors, strong demand, and improved corporate performance. RBI Deputy Governor Swaminathan highlighted the nation’s strong macroeconomic footing, with inflation within limits and manageable external risks.
US stocks saw a slight dip on Wednesday. Rising oil prices and tensions with Iran impacted the market. However, Wall Street stayed close to record levels. Investors are hopeful about the Strait of Hormuz reopening. Strong corporate earnings also provided support. Macy’s and GameStop reported positive results. Palo Alto Networks saw a decline despite a
Ford is recalling nearly 4.2 lakh Expedition and Lincoln Navigator vehicles (2018-2022) in the US due to a seat belt defect. The issue can cause seat belts to lock unexpectedly, hindering retraction or extension, potentially leading to injuries in crashes. Ford will replace affected front seat belt retractors free of charge.
Tata Consultancy Services (TCS) experienced its steepest single-day decline since March 2020, plunging over 8% and erasing recent gains. Market experts attribute the sharp reversal to strong resistance near a key technical zone, triggering profit-booking and renewed selling pressure. Analysts are now watching critical support levels, concerned about the sustainability of any near-term recovery.
India and the US are nearing the finalization of a proposed trade agreement, with US envoy Sergio Gor expressing optimism for a resolution within weeks. Top negotiators are currently in New Delhi to iron out the remaining details of the interim pact. Gor also clarified that recent US tariffs were not specifically targeted at India,
The Union Cabinet approved a Rs 39,290 crore package for aviation, highways, and transport modernization. A significant Rs 10,000 crore was allocated for an Aviation Turbine Fuel Price Stabilisation Fund to manage fuel cost volatility.
