New Delhi, April 3 (IANS) Global crude oil prices rose on Friday after US President Donald Trump warned of possible military strikes on Iran within two to three weeks, stoking fresh concerns over supply disruptions from the West Asia region.Brent crude futures traded at $109.24 per barrel, up 8 per cent, while US West Texas Intermediate (WTI) futures were at $111.54 per barrel by 3:39 am (local time).Till Friday, US WTI futures jumped 11.94 per cent from the previous Friday’s close during the we…
Latest Emerging Markets News & Updates
New Delhi, March 26 (IANS): The Organisation for Economic Cooperation and Development (OECD) on Thursday pegged India’s GDP growth rate at 7.6 per cent for 2025-26, 6.1 per cent for 2026-27 and 6.4 per cent for 2027-28, with the country remaining the world’s fastest-growing major economy. The OECD’s interim Economic Outlook report states that conflict in the Middle East is testing the resilience of the global economy. The halt in shipments through the Strait of Hormuz and the closure and dam…
Washington, March 5 (IANS) Indian economist Krishnamurthy V. Subramanian has received the University of Chicago’s Alumni Award for Professional Achievement. He is the first Indian economist to receive the honour in the award’s 85-year history.Subramanian served as Chief Economic Adviser to the Government of India from 2018 to 2021. He later represented India at the International Monetary Fund as Executive Director.The award places him among a group of past recipients that includes Nobel laur…
Mumbai, Feb 26 (IANS) India has 30 high-potential industrial and warehousing hotspots, driven by infrastructure expansion, manufacturing growth and policy push, according to a new report released on Thursday.Eight out of 30 high-potential cities are already established markets, as Colliers identified 22 additional emerging and nascent hubs.It identified multiple high-potential cities based on industrial hubs identified by the government and an in-house analytical framework built around five key …
New Delhi, Feb 21 (IANS) Calling the US decision to reduce tariffs to 10 per cent a ‘very positive development’ for emerging markets, an expert on Saturday said the move helps normalise global trade and brings much-needed clarity to businesses and investors.Speaking to IANS on the sidelines of an event organised by All India Management Association (AIMA) here, Vishal Kampani, Senior Vice President of AIMA and Vice Chairman & Managing Director of JM Financial Limited, said the US move to …
New Delhi, Feb 10 (IANS) Foreign Secretary Vikram Misri and China’s Executive Vice Foreign Minister Ma Zhaoxu held the India-China Strategic Dialogue in New Delhi on Tuesday, discussing ways to further advance bilateral ties by enhancing people-to-people exchanges and addressing concerns on sensitive issues. The two sides also discussed global, regional situations and other multilateral issues.”Foreign Secretary Vikram Misri held the India-China Strategic Dialogue with Executive Vice Foreign Min…
New Delhi, Feb 3 (IANS) The India-US trade deal should help narrow the current account deficit, stabilise the rupee, and reduce India’s vulnerability to global shocks over time, a report showed on Tuesday.The US has decided to reduce the reciprocal tariff on Indian goods to 18 per cent from the earlier 50 per cent.The trade deal is structurally positive for India’s medium-term growth and external stability. Improved market access and tariff certainty are likely to boost exports, support manu…
Mumbai, Jan 31 (IANS) The Indian equity benchmarks gained around 1 per cent during the week, though the trading sessions were volatile but with a cautiously constructive tone amid mixed global cues and rising geopolitical tensions.Risk appetite weakened toward the end of the week ahead of the Union Budget 2026-27, with volatility resurfacing amid sustained FII outflows and rupee depreciation leading to losses in the last trading session.Nifty added 1.09 per cent during the week and dipped 0.39 p…
Washington, Jan 29 (IANS) Emerging market economies have shown notable resilience despite trade disruptions, geopolitical uncertainty, and shifting global financial conditions, senior International Monetary Fund (IMF) officials said here on Thursday, while warning that risks remain tilted to the downside. Presenting the IMF’s latest assessment ahead of a conference on emerging economies, IMF Economic Counsellor and Director of Research Pierre-Olivier Gourinchas said global growth has held up bet…
Mumbai, Jan 21 (IANS) Dr Reddy’s Laboratories on Wednesday reported a 14 per cent decline in its consolidated net profit for the December quarter (Q3) of FY26.The drugmaker said its consolidated net profit fell 14 per cent year-on-year (YoY) to Rs 1,209.8 crore in Q3 FY26, compared with Rs 1,413.3 crore in the same quarter last financial year, according to its stock exchange filing.Revenue from operations during the quarter rose 4.4 per cent to Rs 8,726.8 crore, up from Rs 8,358.6 crore in the y…