Asian markets surged, fueled by positive earnings reports and new trade agreements, with the Australian dollar hitting an eight-month high. Japan’s Topix index reached a record peak following Wall Street’s gains and optimism surrounding US trade deals with the Philippines, Indonesia, and potentially the EU. Alphabet’s strong results boosted market sentiment, offsetting concerns from Tesla’s…
Tilaknagar Industries is set to acquire Pernod Ricard India’s Imperial Blue business for ₹4,150 crore, including a deferred payment. This acquisition, the largest in the Indian alcoholic beverage sector by an Indian company, enables Tilaknagar to enter the whisky market with a well-established brand. Pernod Ricard aims to concentrate on its premium brands with this…
Top stock market recommendations: Aakash K Hindocha suggests a consolidation phase for Nifty between 24800 and 25320, anticipating a potential breakout led by Nifty IT. Bank Nifty’s breakout above 57100 indicates continued outperformance with targets set for new all-time highs. Top stock picks include Balkrishna Industries, Sona BLW Precision Forgings, and Hindalco, each exhibiting bullish…
India’s green energy and tech ambitions face hurdles due to its reliance on China for rare earth elements (REEs), crucial for EVs, electronics, and clean energy. Despite holding significant reserves, India’s REE production is minimal compared to China’s dominance in mining, processing, and magnet production.
Amid global uncertainties, the RBI emphasizes India’s strategic opportunity to strengthen trade ties, particularly with the upcoming UK FTA. Domestic economic activity remains steady, supported by a good kharif crop and strong services momentum. Headline retail inflation stays below 4%, while the external sector remains stable with ample forex reserves.
India and the UK are poised to sign a free trade agreement, potentially unlocking significant tariff reductions and benefits for service sectors. The UK will grant duty-free access to 99% of Indian goods, boosting exports like textiles and engineering products. India will reduce tariffs on British whisky, cars, and other items.
Robert Kiyosaki is again sounding the alarm about the global financial system, urging investors to ditch fiat currencies for gold, silver, and Bitcoin. He criticizes the Federal Reserve’s money-printing responses to crises, warning that the US is nearing a historic economic collapse. Kiyosaki advises saving in real assets, believing savers are losers in the current…
Donald Trump’s trade deals signal a new normal with base tariffs around 10-20%, impacting nations like Vietnam, Indonesia, Philippines, and Japan. An India-US trade deal remains elusive due to disagreements on agriculture and dairy, with potential tariffs expected to be above 10%.
Good Glamm Group will dismantle its structure and sell assets individually after failed refinancing attempts. Lenders are enforcing charges over individual brands like MyGlamm and Organic Harvest. CEO Darpan Sanghvi commits a portion of future earnings to settle employee dues and establish a fund for vendors and investors, acknowledging responsibility for the group’s financial situation.
