MUMBAI: The rupee suffered its largest decline in over four months, dropping 17 paise, or 0.2%, to close at 84.28 against the US dollar following Trump’s victory. Despite hitting a record low, the rupee performed relatively well compared to other currencies as the dollar strengthened significantly against global counterparts.Dealers said that RBI’s intervention helped limit…
MUMBAI: The return of Donald Trump to the White House could mean a mixed bag for the Indian market and the economy in the coming years.Exports from India like software services and pharma could benefit from Trump’s expected policy shift, exports of other goods could face higher tariff barriers. The Indian currency is likely to…
This is a representational image (Pic credit: Lexica) MUMBAI: A feel-good rally on the back of Donald Trump winning the US presidential election helped the sensex close above the 80K mark again on Tuesday with the index up 902 points or 1.1% at 80,378 points. Software and metal stocks led the rally that was backed…
They came from opposite worlds. He was the son of a drug-addict mother, raised by his grandmother, and grew up in a region sunk in poverty and pessimism, drug addiction and decline. She was the daughter of model Indian immigrant parents: father a mechanical engineer who went to IIT, mother a marine molecular biologist by…
Donald Trump is returning, and the US economy is in for a wild ride.Trump has promised an escalation of tariffs on all US imports and the biggest mass deportation of migrants in history. He also wants a say in Federal Reserve policy. Many economists reckon the platform adds up to higher inflation and slower growth…
Kamala Harris delivered her concession speech at Howard University following her defeat in the 2024 presidential election to Donald Trump. In her address, she expressed gratitude to her supporters and volunteers, emphasising the importance of accepting the election results while also highlighting the ongoing fight for justice and democracy.“The outcome of this election is not…
BERLIN: German Chancellor Olaf Scholz sacked his finance minister on Wednesday and said he will hold a parliamentary confidence vote in the government in January, triggering political chaos in Europe’s largest economy hours after Donald Trump won the US presidential election. After sacking Finance Minister Christian Lindner of the Free Democrats (FDP) party, Scholz is…
NEW DELHI: In March 2023, defence minister Rajnath Singh had some unusual guests for Holi as commerce secretary Gina Raimondo and her team attended the festivities at his Ashoka Road bungalow. The result was a series of announcements, which extended up to PM Narendra Modi’s visit to the US in June 2023. It had taken…
NEW DELHI: Congress MP Rajeev Shukla has rebuffed Pakistan for “unnecessarily” raking up the Kashmir issue at a UN meeting, warning that its campaign of misinformation cannot change the facts on the ground.Delivering India’s riposte to Pakistan at the UN session on Tuesday, Shukla, without naming the neighbour, said “a delegation”, which is “habitual of…
NEW DELHI: The Cabinet on Wednesday approved Rs 10,700 crore equity infusion in Food Corporation of India (FCI) for working capital requirement during the current financial year, which will reduce the interest burden by around Rs 800 crore annually and thereby cut down govt’s subsidy outgo.The decision is aimed at bolstering the agricultural sector and…
