Monday, September 07
The global economy is entering a new phase. After months of concern over tariffs, growth risks and volatile policymaking, the narrative has begun to shift. That was the assessment of Paul Gruenwald, global chief economist at S&P Global Ratings, during a recent visit to India.In an interview to the Times of India, Gruenwald said that his reading of the moment was anchored in cautious optimism: pressures remain, but the macro picture is stronger than many expected earlier this year.Gruenwald pointed out that the biggest surprise has been the changing conversation. Only in April, the dominant worry among forecasters was the drag from US tariffs. Today, attention has moved to investment in data centres and a broader capital expenditure cycle that is adding unexpected momentum.Policy uncert
IRB Infrastructure Developers Ltd shares were in focus on Monday, November 17, rising 7% to a day’s high of Rs 46 after the company received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for the high-value TOT-17 bundle.The project comes with a 20-year revenue-linked concession, for which the Trust will pay an upfront consideration of Rs 9,270 crore, making it the highest-valued NHAI monetisation award for a 20-year period. The award covers 366 kilometres along the Lucknow–Ayodhya–Gorakhpur corridor on NH-27 and a section of the Lucknow–Varanasi route on NH-731.Virendra D. Mhaiskar, Chairman and Managing Director of IRB Infrastructure Developers Ltd., said the TOT-17 win is a major milestone because of the significance of the religious tourism corrido
Gold and silver prices fell in early trade on Monday, November 17, as investors booked profits following a sharp global rally this year and hawkish comments from the U.S. Federal Reserve officials, which tempered expectations of a December rate cut. On the Multi Commodity Exchange (MCX), gold futures for December delivery slipped by Rs 420 or 0.34%, trading at Rs 1,23,141 per 10 grams.Silver futures also eased, declining Rs 786 or 0.5% to Rs 1,55,232 per kilogram. Persistent inflation worries and signs of strength in the U.S. labour market—even after two rate cuts this year—have prompted several Fed officials to remain cautious about further monetary easing. The Fed had trimmed rates by 25 basis points last month, but Chair Jerome Powell signalled a careful approach to additional cuts,
