Oracle’s shares experienced a significant surge following the announcement of multibillion-dollar AI cloud infrastructure deals, including a landmark agreement with OpenAI. This surge briefly propelled Larry Ellison past Elon Musk as the world’s richest person.
Despite Western pressure and potential sanctions, India and China’s demand for Russian crude oil remains strong, according to Vortexa. Russian crude maintains a significant, price-competitive presence in these markets.
Indian steel producers are anticipated to experience weaker earnings in the second quarter of FY26 due to falling steel prices impacting margins. While easing raw material costs may offer some relief, non-ferrous players are expected to see stronger margins. The government emphasizes developing specialized high-grade steel to reduce import reliance, supporting the auto industry through…
India and the European Union are committed to finalizing their long-pending Free Trade Agreement (FTA) swiftly, aiming for a balanced and mutually beneficial pact. Discussions are progressing well, with nearly 60% of the chapters already completed. Several European leaders have expressed their support for the agreement, emphasizing its potential to unlock new opportunities for businesses…
India’s coking coal dependence is set to surge as the nation aims for 300 MT steel production by 2030. The government’s Atmanirbhar Coal Mission targets increased domestic output and reduced import reliance through policy measures and investments. Decarbonization efforts, including cleaner technologies, are crucial for achieving net-zero emissions in the steel industry by 2070.
Gold price prediction today: Jateen Trivedi of LKP Securities suggests a ‘buy on dips’ strategy for gold investors, citing bullish trends. Gold futures are resilient near ₹1,08,979, awaiting US economic data. Technical indicators support buying near ₹1,09,000 with a stop-loss at ₹1,08,600, targeting ₹1,10,000, as EMAs hold firm and MACD confirms bullish signals.
The Indian rupee plummeted to a record low of 88.35 against the US dollar, pressured by ongoing trade tensions between India and the US, continuous foreign fund outflows, and rising crude oil prices. Despite positive domestic equities and diplomatic efforts, the rupee faces headwinds from a stronger dollar and importer demand.
Sergio Gor, nominated as the US ambassador to India, anticipates resolving trade and Russian oil penalty disputes with India within weeks. He emphasized India’s strategic importance and pledged to strengthen the US-India partnership by advancing defence cooperation, fair trade, energy security, and technology. Gor’s appointment highlights the significance of the US-India relationship.
Amid ongoing trade negotiations between India and the US, optimism is growing, with US Commerce Secretary Howard Lutnick expressing confidence in reaching an agreement if India liberalizes its markets and ceases Russian oil imports.
