IMF May Hike India Growth Forecast to 7% on Q2 Boom; Viksit Bharat in Sight: Gita Gopinath

Former IMF Chief Economist Gita Gopinath, now a Professor at Harvard University, is of the view that International Monetary Fund (IMF) will certainly raise India’s growth forecast for 2025-26, on the back of robust economic growth it recorded in the first two quarters of the curr Read More

Netflix Co-CEOs Defend $82 Billion Warner Bros. Acquisition: Promise ‘No Layoffs’ And A New Commitment To Theaters

Netflix’s co-chief executives, Greg Peters and Ted Sarandos, sought to ease worries within the company and the broader industry by outlining their vision for the proposed acquisition of key Warner Bros Discovery Inc. assets in an internal letter to staff on Monday.In an internal Read More

Meesho Stock Price Hits New All-Time High, E-Commerce Major Delivers 79% Gain Since Market Debut

The Bengaluru-headquartered e-commerce major Meesho extended its gain on Wednesday, December 17, by 10.5% to hit a new all-time high of Rs 199.35 on the NSE.This marked the second consecutive session of achieving an all-time high as the stock had climbed 5.6% in yesterday’s tradi Read More

RBI Returns With Decisive Hand To Halt Rupee’s One-Way Slide

Reserve Bank of India (RBI) intervened aggressively in currency markets on Wednesday, selling dollars to prop up the rupee, bankers said, echoing its earlier heavy-handed efforts to stem a one-way decline in the currency.The rupee rallied to an intraday high of 89.75 against the Read More

Amazon In Talks To Invest $10 Billion In OpenAI; Deal Involving Trainium Chips: Report

Amazon is holding talks to make a significant investment in OpenAI, the company behind ChatGPT, in a move that could push the AI firm’s valuation beyond $500 billion.A source familiar with the matter informed Reuters on Tuesday that negotiations are ongoing, with the possibility Read More

Indian Stock Markets Open Flat Amid Weak Rupee And Foreign Selling, Says Experts

Indian stock markets opened on a flat but slightly positive note on Wednesday. At 09:21 a.m., the BSE Sensex stood at 84,743.28, a rise of 63.42 points or 0.07 per cent. At the same time, NSE Nifty50 stood at 25,898.05, showing a gain of 37.95 points or 0.15 per cent. While the m Read More

PM Modi’s Oman Visit To Cement Strategic Ties, Focus On Landmark CEPA, Says Experts

In the third and final leg of his three-nation visit, Prime Minister Narendra Modi will visit Oman on December 17-18. This trip, which marks 70 years since the establishment of diplomatic ties between India and Oman, focuses on strengthening business and strategic relations betwe Read More

Rupee May Catch A Breather After Swift Decline; Softer Dollar Helps At Margin

The Indian rupee may pause its recent slide at Wednesday’s open, with the quick fall expected to draw improved two-way interest, while the dip in the dollar index to a two-month low could offer support.The 1-month non-deliverable forward indicated the rupee will open in the 90.96 Read More

Silver Tops $65 For First Time; Gold Firms As US Unemployment Rate Climbs

Silver vaulted past the $65 mark for the first time on Wednesday, while gold edged higher as weaker U.S. labour data rekindled expectations of interest-rate cuts, pressuring the dollar and boosting demand for precious metals.Spot silver climbed 2.8% to a record high of $65.63 an Read More

India’s Trade Impasse With Trump Keeps Rupee In The Cold

No currency has been hit harder by U.S. tariffs than India’s rupee – and there may yet be more downside as investors pull out of the country until they see a trade deal struck with Washington.The rupee is among the worst-performing currencies globally this year, sliding 6% agains Read More