Saturday, March 07
India-EU FTA: India and the EU are on the verge of sealing a landmark trade deal, marking India’s ninth trade pact in four years as both sides accelerate deal-making amid rising global protectionism. The agreement promises market access gains for Indian goods and services.
India's External Affairs Minister S Jaishankar held extensive talks with Poland's Deputy Prime Minister Radosław Sikorski, reviewing bilateral cooperation in economy, technology, and defense. Discussions also covered global and regional developments, with both nations emphasizing the need to counter terrorism and selective targeting in trade.
Stock market today: The BSE Sensex ended the session down 324.17 points, or 0.39 percent, at 83,246.18, after sliding as much as 672.04 points, or 0.80 percent, intraday to 82,898.31. The NSE Nifty fell 108.85 points, or 0.42 percent, to close at 25,585.50.
India’s climb up the income ladder was slow for decades, taking 60 years to move from low income to lower-middle income. Since then, growth has sharply accelerated, and a likely transition into the upper-middle-income category by around 2030.
Gold price prediction today: Manav Modi of Motilal Oswal Financial Services is of the view that gold prices may continue to scale fresh peaks in the coming days on ongoing geopolitical uncertainty.
Gold prices are poised to continue their upward trajectory, fueled by safe-haven demand and anticipated US Federal Reserve policy easing. Meanwhile, silver may experience a consolidation phase after a significant recent rally. Analysts are closely monitoring global economic data and geopolitical developments for further market direction.
Prime Minister Narendra Modi will be inaugrating five new Amrit Bharat Express trains, expanding India's long-distance rail network. These new services aim to enhance travel experience and connectivity for the common man, with key routes connecting various regions including the North-East, North India, and South India.
Team India is making a strong pitch at Davos, urging global partners to "subscribe to the future" by investing in Bharat and collaborating on technology. The India Pavilion highlights investment opportunities, with IT majors showcasing AI advancements. Over 100 Indian CEOs and several state delegations are present, promoting India's economic potential to over 3,000 global leaders.
France will ask the EU to activate its anti-coercion instrument against potential US tariffs over Greenland. President Macron stated the threat is unacceptable and Europe will not be intimidated. The tool, a trade 'bazooka,' allows the bloc to curb imports or market access in response to economic coercion.
