New Delhi, May 13 (IANS) The increase in import duty on precious metals is a part of a broader strategy aimed at conserving foreign exchange, protecting the current account, prioritising essential imports, and strengthening India’s economic resilience in the face of evolving global uncertainties, government sources said on Wednesday.The measure represents a balanced, proportionate, and nationally responsible response to extraordinary external conditions while maintaining due regard for macroec…
Latest Geopolitical Tensions News & Updates
Mumbai, May 12 (IANS) Gold and silver prices traded higher on Tuesday, with both precious metals witnessing gains of up to 1 per cent amid rising global uncertainty.On the Multi Commodity Exchange (MCX), gold futures (June 5) opened at Rs 1,53,999 per 10 grams, up Rs 336 or 0.22 per cent from the previous close of Rs 1,53,663.At around 10:25 am, gold was trading at Rs 1,53,808, higher by Rs 145 or 0.09 per cent. The yellow metal touched an intraday high of Rs 1,54,243, up Rs 580 or 0.37 per cent…
New Delhi, May 11 (IANS) India’s gross domestic product (GDP) is expected to grow 6.6 per cent in fiscal 2027 while retail inflation will average 5.1 per cent in FY27 amid the geo-political tensions, a report said on Monday.Prolonged closure of the Strait of Hormuz has pushed Brent crude price forecasts up to $90‑95 per barrel from $82‑87 previously and is expected to keep crude oil prices elevated for longer, the report from Crisil Ratings said.The ongoing conflict has underscored the imp…
New Delhi, May 11 (IANS) NDA leaders have backed Prime Minister Narendra Modi’s appeal to citizens to conserve fuel, reduce unnecessary travel, avoid non-essential gold purchases, and adopt work-from-home practices where possible, in view of ongoing global energy uncertainties triggered by geopolitical tensions.Backing the Prime Minister’s message, JD(U) National Working President and Rajya Sabha MP, Sanjay Jha, said India has so far managed the situation effectively despite global disruptio…
Mumbai, May 10 (IANS) Investors are expected to remain cautious next week as escalating tensions between the US and Iran, rising crude oil prices, the ongoing March quarter earnings season, foreign fund outflows and rupee weakness are likely to dictate the direction of the Indian stock market.Benchmark indices extended losses for the second consecutive session on Friday, weighed down mainly by banking and financial stocks amid growing geopolitical uncertainty.The Sensex ended 516 points, or 0.66…
Mumbai, May 9 (IANS) Actress Ameesha Patel, who was earlier stuck in Oman due to the clash between the UAE and Iran, has taken potshots at the younger crop of actresses and their PR games. On Friday, the actress took to her X, formerly Twitter, and penned a long note in which she passed a witty remark about the younger actress’ and their perception building games.She wrote, “Most female actresses who haven’t even achieved one film in their career where even a single film of theirs has done…
New Delhi, May 6 (IANS) India’s services sector activity strengthened in April, with the Purchasing Managers’ Index (PMI) rising to a five-month high of 58.8, because of robust domestic demand and increased business activity, the HSBC India Services PMI data showed on Wednesday.The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 57.5 in March to 58.8 in April, which is the strongest pace of expansion since November.Moreover, new business inflows also grew at the f…
New Delhi, May 6 (IANS) Geopolitical tensions, supply chain disruptions and rapid technological changes are reshaping how economies participate in global value chains, the Asian Development Bank (ADB) said on Wednesday.Greater specialisation in the stages of global production has helped Asia and the Pacific achieve economic growth, create jobs, and reduce poverty over the past quarter century, according to the ADB’s ‘Asian Development Policy Report 2026’.The report found that the region ac…
Mumbai, May 3 (IANS) The Indian stock market is likely to remain under pressure in the coming week as investors grapple with rising crude oil prices, persistent foreign fund outflows, and escalating geopolitical tensions. Alongside these macro triggers, a busy earnings calendar is expected to keep stock-specific action high, even as the broader sentiment stays cautious.During the last trading session, the Nifty declined 0.73 per cent to close at 24,000, recovering from its day’s low, while the…
New Delhi, May 2 (IANS) The Reserve Bank of India (RBI) Governor Sanjay Malhotra said that India’s macroeconomic fundamentals remain robust despite geopolitical tensions and flagged risks from high public debt in major economies.The RBI Governor warned that continued fiscal expansion abroad, together with rising defence spending amid geopolitical tensions, could strain global fiscal sustainability.He cautioned that stretched valuations in some asset classes, especially in the technology sector…