New steel ministry regulations mandating BIS certification for imported raw materials like hot rolled steel and ingots are causing concerns among medical product manufacturers. Industry leaders fear potential supply disruptions due to the inability to comply with these rules, especially for specialized components like stainless steel capillary tubes.
Gold rate today: Gold futures soared to a record high of Rs 1,02,191/10 grams, while silver reached Rs 1,14,900/kg, driven by US trade tariff concerns and central banks’ safe-haven asset purchases. Experts attribute the surge to risk-averse strategies and global economic uncertainty.
India’s electronics sector anticipates potential losses of $20-30 billion due to impending US tariffs, particularly on semiconductors. While smartphone exports, dominated by Apple and Samsung, might receive exemptions, other electronics face significant tariffs. This shift could increase India’s reliance on smartphone exports, negatively impacting the broader electronics ecosystem and overall export diversification.
Despite increased US tariffs on crude oil trade with Russia, India is reassessing its market access offers to the US, aiming to finalize a trade deal this month. While committed to protecting its agricultural and dairy sectors, India is exploring improvements in other areas.
Nestle India has set August 8 as the record date for its first-ever 1:1 bonus share issue, a move aimed at boosting investor participation and market liquidity. Shareholders will receive one bonus share for each share held. While Q1FY26 profit dipped, revenue saw a 6% increase.
Gold price prediction today:Gold futures are experiencing an upward trend, driven by strong buying interest and a technical breakout. Analysts suggest a ‘buy on dips’ strategy, targeting entry points around ₹1,01,500 with a stop-loss at ₹1,00,800.
Moody’s warns that US tariffs doubling to 50% on Indian goods, due to continued Russian oil purchases, could significantly hinder India’s manufacturing ambitions and investment inflows. This may slow GDP growth by 0.3% in FY2025-26.
MSCI is set to include four Indian stocks, notably Vishal Mega Mart and Swiggy, in its Global Standard index, potentially attracting $1 billion in inflows. Hitachi Energy India and Waaree Energies will also join the index. These changes, effective August 26, are projected to bring significant passive fund flows, with Swiggy anticipated to receive $289…
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Friday as Donald Trump’s 50% tariffs on India and its likely impact on exports and economy hit sentiment.
President Trump’s executive order aims to broaden 401(k) investment options, potentially including private equity and cryptocurrency. This shift directs federal agencies to revise regulations under ERISA, allowing employers to offer alternative assets in retirement plans. While proponents tout higher returns, concerns remain regarding volatility, fees, and liquidity, prompting industry groups to urge caution and careful…
