Pune Metro is set for a major expansion. The Union Cabinet has approved two new corridors under Phase-2. These lines will span 31.636 km and include 28 elevated stations. The project will be completed within five years. This expansion will connect key residential and commercial areas. It aims to ease traffic congestion and promote greener…
China has purchased at least 10 cargoes of US soybeans, valued at approximately $300 million, following a call between Presidents Trump and Xi. These deals signal a potential thaw in trade relations, with shipments scheduled for January. Despite higher prices than Brazilian alternatives, state-run COFCO has been a significant buyer, with broader purchase agreements in…
Mumbai is set for a massive transport upgrade with the approval of the Uttan–Virar Sea Link, Phase I. This 24.35-km bridge, India’s longest, will anchor a 120-km coastal corridor connecting South Mumbai to Vasai, Virar, and Vadhavan Port. The Rs 58,754 crore project promises reduced travel times, lower emissions, and significant economic development.
US sanctions on Rosneft and Lukoil are impacting Indian refiners less than anticipated, as wider discounts on Russian crude offset expected volume drops. Refiners are sourcing from non-sanctioned suppliers, with increased discounts nearly compensating for reduced Russian cargo intake. This shift, coupled with a well-supplied global market, keeps procurement costs stable.
Gold and silver prices surged on Wednesday, driven by weak US economic data that bolstered expectations of a Federal Reserve interest rate cut next month. This global trend influenced domestic futures markets, with gold and silver contracts seeing significant gains. Analysts attribute the rise to anticipated monetary easing by the Fed.
Luxury housing in India’s top seven cities has seen a significant 40% price appreciation since 2022, far outpacing the 26% rise in affordable housing. This surge is driven by strong demand for larger homes in prime locations, with Delhi-NCR leading the luxury segment’s growth at 72%.
The U.S. started the fiscal year with a $284 billion deficit in October, influenced by record tariff revenue and a shift in benefit payments. Despite a federal shutdown’s minor impact, outlays rose 18% due to reclassified payments. Interest costs also climbed significantly, while tariff collections surged to a new high.
Millions of UK workers will see their pay rise from April with new minimum wage rates confirmed. Over-21s will earn £12.71 per hour, while younger workers and apprentices also receive significant increases. Chancellor Rachel Reeves highlighted the move as crucial for those on low incomes, though businesses warn of rising costs and potential inflation.
India is set to commence Free Trade Agreement negotiations with the Eurasian Economic Union this Wednesday, aiming to boost exports, especially for MSMEs, farmers, and fishermen. This move follows recent challenges with US tariffs.
