business

Indian enterprises are facing significant financial losses from cyber breaches, with nearly a quarter experiencing over $1 million in damages in the last three years. Despite this, cybersecurity spending is set to increase, driven by a focus on AI and cloud security, though talent shortages remain a key challenge.

India has made its first-ever export of jet fuel to the US West Coast, supplying Chevron amidst refinery disruptions. A 60,000-metric-ton shipment departed from Reliance Industries’ Jamnagar refinery.

A new analysis warns that the global shift away from Russian gas is creating market instability due to tighter supplies and political realignments. Countries are increasingly relying on the US for LNG, described as a volatile ally, with potential for price swings and political friction as the US expands its export capacity.

The Reserve Bank of India’s new export relief package, extending realization windows and easing credit, may weaken the rupee by delaying dollar repatriation. Bankers warn this could reduce immediate foreign exchange supply as exporters gain flexibility to hold or stagger conversions amid uncertain trade outlook and US tariffs.

India’s merchandise exports declined by 11.8% in October to $34.38 billion, while inbound shipments surged 16.63% to $76.06 billion. This significant increase in imports, driven by a threefold rise in gold inflows, widened the trade deficit to $41.68 billion.

Goldman Sachs forecasts global equities to yield 7.7% annually over the next decade, despite high valuations. This projection is supported by expected nominal growth, profitability, and shareholder payouts, with earnings growth being the primary driver. Emerging Markets are anticipated to lead returns, while the US is expected to lag.

Gold and silver prices retreated on Monday following hawkish remarks from US Federal Reserve officials, dampening hopes of an imminent rate cut. This sentiment shift pulled bullion prices lower after a strong rally last week. Traders are now awaiting crucial US economic data, particularly the non-farm payrolls report, for further policy cues.

India has finalized its first one-year structured agreement to import approximately 2.2 million tonnes per annum of LPG from the US Gulf Coast. This historic deal, set for 2026, diversifies India’s energy supply chain and marks a significant step in securing stable and affordable LPG for households, including Ujjwala beneficiaries.