In early trades on Thursday, the Asian markets were trading sharply lower following losses in the US markets. Among the key triggers for the market on Thursday is the gist of the Fed minutes announced late on July 05, 2023. What the Fed June

American chip maker Micron Technology recently announced its plan to invest around $825M in a new chip assembly and test facility in India. This facility will be located in Gujarat and will be Micron's first factory in the country. With support from

Tata Consultancy Services (TCS) and Nest, the UK's largest workplace pension scheme, have entered into an expanded partnership worth £840 million ($1.1 billion) for an initial tenure of 10 years, with a potential total value of £1.5 billion if exte

In a significant development, Elon Musk, the CEO of Tesla, has confirmed that the company is poised to make a substantial investment in India. Musk made the announcement following a meeting with India's Prime Minister, Narendra Modi, during the

Just a couple of months back, everything was going wrong for Indian cement companies. The input costs had gone up sharply, including the cost of coking coal, freight and fuel. In a competitive scenario, it was just not possible to pass on all these c

For a long time, gold has been a safe haven investment. One of its biggest features has been its normally negative correlation with equity and bond returns. In the last few days, when equity markets have faltered due to the banking crisis following t

As the Ukraine war rages and Russia is being forced to sell oil at a discount, India appears to be making hay as the sun shines. For the month of December 2022, India’s crude oil imports from Russia touched 1.19 million barrels per day (bpd), the f

In no uncertain terms, the World Bank has warned that the global economy could be closer to a recession than previously thought. In fact, across the board, the World Bank has sharply cut down its growth forecasts for most countries and regions. It ha

Indian gold jewellery exports have not had a great time in the recent past. However, after the India-UAE CEPA, things appear to have improved for the better. For instance, India’s plain gold jewellery exports for nine months to December 2022 has gr

When the RBI published the current account deficit data on the 29th December 2022, there were some concerns about the sudden spike in the current account deficit (CAD) number for Q2FY23. In dollar terms, the current account deficit for the second qua

It could be a setback for the world’s largest and most prestigious search engine, Google. The National Company Law Appellate Tribunal (NCLAT) has denied Google’s request for interim relief. Google had filed an appeal against the recent order of t

What was the big FPI flow story of year 2022. It was almost like the tale of two halves. The first half of 2022 showed a lot of bearishness with FPIs thinking with their feet. On the other hand, the second half of 2022 showed a complete turnaround wi