There is a number that explains almost everything happening in Indian markets right now. It is not the Sensex level, not the rupee exchange rate, and not the RBI’s repo rate. It is nominal GDP growth, and for the past three years, it has been running far too slowly. Foreign institutional investors have been selling…
Ahmedabad: There is sufficient supply of cooking gas in Gujarat and oil marketing companies have ensured home delivery of cylinders, the state government said on Friday amid the West Asia crisis. In a release, the BJP government in the state said technology-based arrangements have been made to ensure cylinders can be delivered conveniently to homes….
Mumbai: The rupee fell 19 paise to its record intra-day low of 93.08 against the US dollar in early trade on Friday as the greenback strengthened further and FII outflows continued unabated amid the ongoing West Asia conflict. Elevated global crude oil prices put further pressure on the local unit, while a positive opening at…
New Delhi: A Mumbai-bound Air India aircraft was diverted to Medina, Saudi Arabia, on Thursday afternoon following an aft cargo fire indication in the cockpit that turned out to be false. After inspection, the plane was cleared for operations and took off for Mumbai, an official said. “Air India flight AI116, operating from New York…
New Delhi: Amid escalating conflict in West Asia, aviation watchdog DGCA on Thursday asked airlines to avoid nine airspaces in the region and ensure robust contingency plans as part of safety risk assessments. The Directorate General of Civil Aviation (DGCA) has asked airlines to avoid the airspaces of Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon,…
How One Idea Rewired the Global Economy Brent Johnson’s provocative framework predicted dollar dominance at a time when the consensus was pointing the other way and markets have been grappling with the consequences ever since. When Brent Johnson, a portfolio manager at Santiago Capital, first sketched out what he called the Dollar Milkshake Theory in…
Washington: The United States is considering a move to un-sanction Iranian oil as a primary measure to stabilize global energy markets and curb the recent spike in crude prices. United States Secretary of the Treasury Scott Bessent confirmed the strategic shift, describing it as part of a broader “coordinated effort” across the federal government to…
Chennai: Tamil Nadu has emerged as India’s top state in textile exports, recording shipments worth USD 7,997.17 million for the fiscal year 2024-25, which is an increase of 29.12 per cent over the last four years, the government said. The state has witnessed a 29 per cent increase in export value in the last four…
New Delhi: Ai+ Smartphone today announced as the Official Smartphone Partner for 2 leading teams – Mumbai Indians and Kolkata Knight Riders for the upcoming T20 season. The partnership places Ai+ Smartphone at the centre of one of India’s most powerful and biggest cultural platforms, connecting the brand directly with millions of passionate cricket fans…
Mumbai Stock market benchmark indices Sensex and Nifty tumbled in early trade on Thursday after a three-day rally following a sharp jump in crude oil prices and weak global trends. Moreover, unabated foreign fund outflows also dented market sentiments, analysts said. The 30-share BSE Sensex tanked 1,953.21 points, or 2.54 per cent, to 74,750.92 in…
