Tuesday, March 10
Indian Railways is piloting a new on-board catering model, separating meal preparation from service. IRCTC is partnering with established food brands and industrial kitchens to supply fresh, hygienic meals on select Vande Bharat and Amrit Bharat trains. Initial passenger feedback is positive, with trials focusing on improving meal quality and offering diverse, restaurant-style menus.
Gold price prediction today: Gold prices are showing signs of exhaustion after a sharp rally, with technical indicators suggesting overbought conditions. Analysts recommend selling if prices fall below ₹1,32,300, targeting ₹1,31,700. A breakdown below this level could trigger a corrective slide, with resistance at ₹1,32,750.
ALROSA CEO Pavel Maryinchev believes US tariff hikes on Indian diamonds will be a temporary hurdle, with the sector adapting and costs potentially passed to consumers. He highlighted strong Asian demand, declining natural diamond production stabilizing the market, and synthetic diamonds losing appeal due to price drops and lack of uniqueness. ALROSA also emphasized its natural diamonds' environmental advantage.
ALROSA CEO Pavel Maryinchev believes US tariff hikes on Indian diamonds will be a temporary hurdle, with the sector adapting and costs potentially passed to consumers. He highlighted strong Asian demand, declining natural diamond production stabilizing the market, and synthetic diamonds losing appeal due to price drops and lack of uniqueness. ALROSA also emphasized its natural diamonds' environmental advantage.
Indian markets mirrored global trends with advances, while US stocks saw a mixed performance on Friday. Tech stocks, particularly AI-related names like Broadcom, faced selling pressure despite overall market strength. Lululemon surged on strong results and CEO transition news. European and Asian markets largely traded higher, with Japan anticipating an interest rate hike.
Russian President Putin's recent state visit to India was not an endorsement of Moscow, but rather a demonstration of Delhi's commitment to its non-aligned foreign policy. According to Christopher Wood, the visit signals India's assertion of independence and refusal to be dictated by other powers. The summit reaffirmed the strong strategic partnership between the two nations.
Mexico's Senate approved a bill imposing 5-50% tariffs on over 1,400 Asian products, including India's, starting next year. This move, targeting China's massive output, could significantly impact India's automotive and auto parts exports, valued at $1.1 billion. The tariffs aim to boost Mexican revenue and potentially ease US trade pressure.
Microsoft CEO Satya Nadella emphasized cyber resilience as crucial for sovereignty, warning that isolation from global threat intelligence creates vulnerabilities. He highlighted AI's role in evolving software development and announced significant AI partnerships in India, underscoring a new era of innovation driven by data and multi-model reasoning for enhanced decision-making.
Russia's oil exports have plummeted to their lowest point since the Ukraine war began, driven by buyer avoidance, tightened US sanctions, and Ukrainian attacks. This decline, coupled with weakening prices, has slashed Moscow's oil revenue to its lowest since February 2022, straining the Russian budget.
An NCAER report highlights that India must address bottlenecks to boost workforce participation and labour productivity. Skilling and small enterprises are identified as crucial for job creation, with a call to enhance productivity in these sectors to sustain economic growth and achieve inclusive development.
