Business

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.

Gold prices in the national capital reached an all-time high of Rs 1,13,100 per 10 grams, driven by sustained buying and global uncertainties. The precious metal has surged over 40% this year, fueled by central bank activity and geopolitical tensions. Silver prices, however, experienced a slight dip, while investors globally await the US Federal Reserve’s…

The ECB maintained its deposit rate at 2% amidst controlled inflation and a resilient eurozone economy. Attention is on Lagarde’s response to France’s fiscal challenges and potential ECB intervention if market instability worsens. While the US Federal Reserve considers a rate cut, the eurozone experiences modest growth and easing trade tensions.

US consumer inflation surged to 2.9% in August, marking its highest point since January, driven partly by President Trump’s tariffs. Despite the rise in both overall and core inflation, analysts anticipate the Federal Reserve will proceed with an interest rate cut at its meeting next week.

JioBlackRock Mutual Fund is set to launch its first active equity product, the JioBlackRock FlexiCap Fund, on September 23. The fund utilizes BlackRock’s Systematic Active Equity platform, employing a technology-driven process to track 400 signals. Aiming for controlled risk and consistent returns, the fund anticipates launching three to four more active equity schemes this fiscal…

India is intensifying efforts to manufacture high-grade steel for the automobile sector, aiming to reduce import reliance, according to Union Minister H D Kumaraswamy. He assured automakers of full government support, emphasizing the steel ministry’s commitment to enabling ‘Make in India’. The PLI scheme has spurred significant investment and job creation.

HDFC Bank will conduct scheduled maintenance on September 13th, 2025, from 12:30 AM to 7:30 AM IST to enhance system performance. During this period, NetBanking, MobileBanking, UPI services, and some ATM/debit card functionalities will be unavailable. Customers are advised to use PayZapp Wallet for uninterrupted payments, while credit card services will remain largely operational.

Following a Georgia immigration raid that detained hundreds of South Korean workers at a Hyundai and LG Energy Solution battery factory, nearly all chose to return home despite an offer from President Trump to remain in the US. The incident, criticized for its heavy-handedness, has raised concerns about potential deterrents to South Korean investment in…

Amidst ongoing India-US trade discussions, a US delegation comprising defence officials and Boeing representatives is expected to visit India next week. They will discuss a $4 billion deal for six P-8I naval patrol aircraft, a deal that had previously stalled.