Monday, September 14
Washington: US President Donald Trump on Wednesday hinted that more "secondary sanctions" could be imposed shortly after US President announced an additional 25 percent against India in response to India being singled out for these additional sanctions.On being asked, 'Indian officials have said that there are other countries that are buying Russian oil, like China, for instance. Why are you singling India out for these additional sanctions', US President Donald Trump said, "It's only been 8 hours. So let's see what happens. You're going to see a lot more...You're going to see so much secondary sanctions, " Trump told reporters during a press briefing in White House.He also hinted that US administration could impose "more" similar sanctions on China.On being asked, 'On the Indian penalties
President Donald Trump began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10% or higher. Products from the EU, Japan and South Korea are taxed at 15%, while imports from Taiwan, Vietnam and Bangladesh are taxed at 20%. Trump also expects the EU, Japan and South Korea to invest hundreds of billions of dollars in the U.S. "I think the growth is going to be unprecedented," Trump said Wednesday afternoon. He added that the U.S. was "taking in hundreds of billions of dollars in tariffs," but he couldn't provide a specific figure for revenues because "w
Gold prices surged to a fresh all-time high of Rs 1,02,155 per 10 grams on August 7, extending their sharp rally as safe-haven demand continued to gather strength. A confluence of macroeconomic and geopolitical factors—ranging from weak U.S. economic indicators and policy uncertainty to renewed tariff risks—has reinforced gold’s appeal among global investors.With analysts projecting further upside of up to 4–5% from current levels, the rally appears far from over.Investor interest in the yellow metal has intensified in recent weeks amid persistent concerns about the U.S. economy, which is showing signs of softening. Sluggish job creation, easing services activity, and elevated cost pressures are creating a complex backdrop for the U.S. Federal Reserve.While the market is almost ful
The Jhunjhunwala family is set to pocket Rs 13.65 crore gains in FY27 from their Rs 195 crore anchor investment in the Knowledge Realty Trust REIT IPO, riding on a projected 7% payout yield that comfortably outpaces the current 6.25% fixed deposit rates offered by banks such as SBI, underscoring the growing allure of REITs as an income-generating alternative under a falling interest rate regime.On August 4, the anchor book of Knowledge Realty Trust REIT saw Rakesh Jhunjhunwala’s family take up 1.95 crore units at Rs 100 each, amounting to a Rs 195 crore investment spread equally across three discretionary trusts named after his children, Nishtha, Aryaman, and Aryavir Jhunjhunwala.At the upper band of Rs 100 per unit, and with Knowledge Realty Trust projecting a FY27 payout yield of 7%, t
The National Democratic Alliance on Thursday authorised Prime Minister Narendra Modi and BJP president J P Nadda to pick the ruling bloc's vice presidential candidate, Union minister Kiren Rijiju said. It was a unanimous decision, the Parliamentary Affairs Minister said.A meeting of key BJP leaders and their allies was held at the Parliament complex where the decision was taken.Union ministers Rajnath Singh and Amit Shah besides Nadda, JD(U)'s Lalan Singh, Shiv Sena's Shrikant Shinde, TDP's Lavu Sri Krishna Devarayalu, and Chirag Paswan of LJP (Ram Vilas) were among those who attended the meeting. Rajnath Singh chaired the meeting.
Mumbai: Sebi chief Tuhin Kanta Pandey on Wednesday said reports suggesting curbs on weekly options expiry are 'speculative'."We need some reforms. But what will be the nature of those reforms and how will it be treated - as per our practice we always discuss it with the markets. Whenever we envisage such concrete measures, we will certainly inform the market and come out in the open for consultations as in the past," Pandey said. Speaking on the sidelines of the annual Association of Portfolio Managers in India (APMI) conclave here, the regulatory body head said there is need for structural reforms in the equity derivatives segment. He clarified that there has been no communication between Sebi and the finance ministry regarding weekly options expiry. There were media reports that the fina
The Reserve Bank of India has granted in-principle universal banking licence to AU Small Finance Bank, making it the first such licence in a decade.AU Bank, the biggest of the 11 small finance banks operating in the country, received the approval Thursday, in a development that can be considered a milestone in its journey. This opens the door for other small banks for a transition into big banks.“We have made history by receiving in-principle approval from the Reserve Bank of India to transition into a universal bank. This milestone is a reaffirmation of our purpose, perseverance, and passion," AU Bank founder-cum-managing director Sanjay Agarwal said.The application for this transition was submitted on September 3, 2024, under the RBI’s ‘on tap’ licensing guidelines and the framew
