Monday, September 14
Trade talks between India and the United States have ended in a stalemate after five rounds of negotiations. After imposing a 50% tariff on India, US President Donald Trump has indicated that no further trade negotiations between the two countries would take place unless the tariff matter is resolved. Asked about more trade negotiations between India and the US, Trump said, "No, not until we get it resolved."In his first comments after Trump imposed a 50% tariff on Indian goods, Prime Minister Narendra Modi said on Thursday he will not compromise the interests of the country's farmers even if he has to pay a heavy price. "For us, our farmers' welfare is supreme," Modi said at an event in New Delhi. "India will never compromise on the wellbeing of its farmers, dairy (sector) and fishermen.
Globally, gold prices edged up marginally 0.3 per cent in July at USD 3,299, when a stronger US dollar contributed to positive returns in all major currencies, according to World Gold Council.So far in 2025, gold prices have jumped 26 per cent.The firmness in gold prices was backed by positive contribution from a global rise in inflation expectations and tariff tensions, asserted the World Gold Council report.The uncertainties surrounding President Trump's reciprocal tariffs plan and counter-tariffs also came as a shot in the arm to international gold prices."Momentum factors also contributed positively, while a stronger US dollar proved a heavy drag on returns in July," the report read.In the month of July, global gold ETFs also continued to see inflows, dominated by North America and Eur
India's biggest realty firm DLF Ltd will invest Rs 23,500 crore to complete its residential projects that have already been launched across Delhi-NCR and Mumbai. According to an investor's presentation, the "total pending cost" to complete all launched projects is estimated at Rs 23,500 crore. To meet its pending construction spend, DLF mentioned that the company has a cash balance of Rs 10,429 crore, of which Rs 7,782 crore is parked in the escrow account of the Real Estate Regulatory Authority (RERA). Apart from that, the company has receivables of Rs 37,220 crore from its customers against residential properties sold to them. In a recent conference call with market analysts, DLF Group Chief Financial Officer (CFO) informed that the company invested around Rs 750 crore in construction du
