De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Dec 06, 2024, at 11:30 pm
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Trump threatens BRICS nations with 100% tariffs over plans for new currency
Dec 01, 2024, at 06:49 am
Washington DC: US President-elect Donald Trump on Saturday issued a stern warning to BRICS nations, demanding they commit not to create or support a new currency to replace the US dollar or risk facing 100% tariffs, Reuters reported.
Bitcoin surges past $97,000 for the first time amid optimism over Trump’s crypto-friendly policies
Nov 21, 2024, at 07:09 pm
New York/IBNS: Bitcoin reached an all-time high of $97,628 on Thursday (Nov. 21), fueled by expectations of a favourable regulatory environment for cryptocurrencies under President-elect Donald Trump.
Donald Trump may impose 40% tariff on Chinese imports next year
Nov 21, 2024, at 03:44 am
Washington DC: The United States may impose tariffs of nearly 40% on Chinese imports early next year, Reuters reported, citing the outcome of a poll of economists it conducted.
Bitcoin soars past $94,000, hits record all-time high
Nov 20, 2024, at 06:08 pm
New York/IBNS: Bitcoin has surpassed the $94,000 mark for the first time, achieving a record all-time high, fueled by reports of potential crypto-friendly moves under US President-elect Donald Trump.
Bitcoin surges past $93,000 amid Trump's pro-crypto stance
Nov 14, 2024, at 06:14 pm
Mumbai/IBNS: Bitcoin surged past $93,000 on Thursday (Nov. 14), hitting a record high as its upward trend gained strength, driven by optimism about potential pro-crypto regulatory policies under President-elect Donald Trump and expectations of further interest rate cuts by the US Federal Reserve.
India may consider lowering tariffs on goods that don't impact domestic industry: Sitharaman
Nov 13, 2024, at 02:51 am
New Delhi: In response to U.S. President-elect Donald Trump’s recent remarks labelling India as the ‘biggest’ imposer of import tariffs, Finance Minister Nirmala Sitharaman indicated on Tuesday that she may reconsider increased tariffs on goods that do not impact the domestic industry, media reports said.
Rupee slips to all-time low of 84.38 against US Dollar as Asia FX declines
Nov 11, 2024, at 08:10 pm
Mumbai/IBNS: The Indian rupee hit a record low on Monday (Nov. 11), pressured by concerns over Donald Trump's US presidentiaL election victory that weighed on Asian currencies and ongoing outflows from Indian stocks impacting the local currency.
India set to benefit from Trump's possible tariff hike on Chinese imports: Report
Nov 09, 2024, at 09:44 pm
New Delhi/IBNS: After Donald Trump's win in the US presidential election, a report from CareEdge suggests that India might gain from shifts in global trade if Trump proceeds with plans to impose hefty tariffs on Chinese imports.
Nov 07, 2024, at 07:34 pm
Texas/IBNS: Elon Musk, CEO of Tesla, SpaceX, and X (formerly Twitter), saw his net worth soar by $26.5 billion following Donald Trump’s return to the White House in the 2024 US presidential election.
Nifty IT surges amid US presidential election results; TCS, Infosys among top gainers
Nov 06, 2024, at 09:16 pm
Mumbai/IBNS: Indian IT stocks posted impressive gains in Wednesday (Nov. 6) morning trade, propelling the Nifty IT sectoral index up by 4 percent, as Donald Trump is all set to win the 2024 US presidential race.
US markets react to Trump 2024 victory: Initial boost fades amid policy uncertainty
Nov 06, 2024, at 08:11 pm
New York/IBNS: In a historic moment that reverberated through the United States and around the world, Donald J. Trump secured a 2024 presidential victory, marking his return to the White House.
US presidential election 2024: Indian markets react to Trump victory
Nov 06, 2024, at 07:21 pm
Mumbai/IBNS: The Indian stock market reacted swiftly to news of Donald Trump securing the 2024 United States presidential race, with initial volatility reflecting both caution and opportunity.
Trump's 2024 presidential victory sends shockwaves through global markets
Nov 06, 2024, at 07:07 pm
New York/IBNS: Donald Trump’s victory in the 2024 US presidential election has sparked immediate reactions across global markets, with investors bracing for the policy shifts expected under his administration.
Bitcoin hits record high, crosses $75,000 as traders lean towards Trump victory
Nov 06, 2024, at 06:31 pm
New York/IBNS: Bitcoin on Wednesday (Nov. 6) soared to a new all-time high, surpassing $75,000 after early exit polls from the US presidential election indicated a slight advantage for Republican candidate Donald Trump.
Nov 06, 2024, at 06:26 pm
New Delhi/IBNS: The Indian rupee on Wednesday (Nov. 6) hit a record low as preliminary US presidential election results strengthened the dollar and weighed on Asian currencies.
FPIs withdraw Rs 94,000 crore from Indian equities in October in worst monthly outflow
Nov 04, 2024, at 10:09 pm
Mumbai/IBNS: Foreign investors offloaded approximately Rs 94,000 crore ($11.2 billion) worth of Indian stocks in October, marking the worst monthly outflow to date, driven by India's high stock valuations and more attractive pricing in China, as per NSDL data.
Oil prices rise by over $1 as OPEC+ delays output hike
Nov 04, 2024, at 08:23 pm
Beijing/IBNS: Oil prices saw further gains on Monday (Nov. 4), climbing more than $1 following OPEC+'s decision to delay a planned production increase by a month.
Bitcoin surpasses USD 60,000 following attack on former US President Donald Trump
Jul 14, 2024, at 08:30 pm
Bitcoin has jumped higher after an assassination attempt was made on former US President Donald Trump during a rally in Pennsylvania.
Advertisers plan to boycott Twitter if Elon Musk allows Donald Trump's return: Report
Oct 29, 2022, at 07:12 pm
San Francisco/UNI: Advertisers plan to boycott Twitter if Elon Musk allows former US President Donald Trump back on the platform after taking over as the social media boss, The Wall Street Journal reported.
Zomato acquires Uber Eats India
Jan 21, 2020, at 10:03 am
New Delhi/IBNS: Uber Eats on Tuesday announced that food delivery and restaurant discovery startup Zomato has acquired its Indian business.
Escalation of tension between US and Iran will impact India’s exports to Gulf nation: FIEO
Jan 07, 2020, at 05:48 pm
New Delhi/UNI: Escalation of tension between the US and Iran will have implications on India's exports to the Persian Gulf nation, Federation of Indian Export Organisations said on Tuesday.
Indian IT stocks plummet on fear of strict H1-B visa norms
Jan 31, 2017, at 08:14 pm
Mumbai, Jan 31 (IBNS): Indian IT stocks crashed on Tuesday afternoon following the news of the H1-B visa bill being introduced in the US House of Representatives.
CTS, Cisco, HP slump further after Trump's Visa investigation call
Nov 23, 2016, at 06:51 pm
Washington, Nov 23 (IBNS): As the American market is still recovering from the shock win of US President-elect Donald Trump, his stance on visa has allowed tech companies Cognizant, Cisco and HP to slump further, reports said.