Monday, March 16
India's industrial production is projected to have slowed to 1.2% in April 2025, a significant drop from the 5.2% growth in April 2024. This deceleration is primarily due to weakened activity in the mining and manufacturing sectors, influenced by rising global trade uncertainties and reciprocal tariff hikes.
President Putin has asserted that Russia will not welcome McDonald's return after their exit in 2022 due to Western sanctions. He emphasized support for Russian entrepreneurs, stating any returning foreign companies must operate on terms advantageous to Russian businesses. Putin highlighted that some foreign partners are seeking to resume business ties, but only under beneficial conditions for Russia.
Stock market crash today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Tuesday. While Nifty50 went below 24,750 intraday, BSE Sensex tanked over 1,000 points.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in trade on Tuesday. While Nifty50 went below 24,750, BSE Sensex was trading below 81,300.
India is preparing for the arrival of satellite-based communication. The government is taking steps to protect its interests. It plans to boost domestic capabilities in the satcom sector. This includes setting up a satellite monitoring facility. Spectrum and orbital resources will be reserved for Indian operators. The aim is to create a favorable environment for local gateways.
Donald Trump's tariff policies are impacting American consumers as major companies like Walmart, Mattel, and Best Buy announce price increases. Tariffs on Chinese goods and imported cars are pushing businesses to pass rising costs onto consumers. Even e-commerce platforms Shein and Temu have raised prices, signaling a widespread effect on retail economics.
Stock market today: The NSE Nifty increased by 148 points or 0.60 per cent to close at 25,001.15. The BSE Sensex concluded at 82,176.45, rising by 455.37 points or 0.56 per cent, after reaching a high of 82,492.24 during trading.
Stock broking firm, Groww has confidentially filed for an IPO with SEBI, aiming to raise $700 million to $1 billion. The IPO will include a fresh issue of shares and an offer for sale. With a 26% market share and a rapidly expanding client base, Groww intends to use the IPO proceeds for technology development and business expansion.
Memorial Day, now observed on the last Monday in May, has evolved into a major retail and travel weekend. Government offices and banks will be closed, but most retail stores will remain open with sales. A record 45 million Americans are expected to travel, primarily by car, despite air travel concerns stemming from recent safety incidents and ongoing flight disruptions.
The Indian government is actively working to maintain strong FDI inflows by streamlining regulations and offering tailored investment packages to global corporations. Efforts include easing regulatory frameworks at the state level, simplifying sectoral FDI regulations, and addressing investor concerns regarding land availability.
