US President Donald Trump’s tariffs on steel and aluminium imports from anywhere in the world went into effect on Wednesday morning drawing swift retaliatory levies from the European Union and Canada.
The year-on-year inflation rate eased to an 7-month low of 3.61 per cent in February this year, which is 0.65 per cent lower than the corresponding figure for January, as food prices came down further during the month.
The food inflation in February has come down to the lowest level since May 2023 and is 222 basis points lower in comparison to January, according to the official statement.
It said that growth is primarily driven by robust demand from Global Capability Centers (GCCs) and the technology sector.
The Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) Scheme has become a key driver for the central government's purchase of 100 percent of Tur, Urad, and Masoor production at MSP.
As of Thursday, the price of 10 grams of 24 carat gold in India is Rs 50,550, while 10 grams of 22 carat gold cost Rs 46,310.
At 9.26 am, Sensex traded at 59,557.48 points, up 528.57 points or 0.90 per cent, whereas Nifty traded at 17,770.00 points, up 145.60 points or 0.83 per cent.
The Reserve Bank of India (RBI) on Wednesday released an alert list of illegal forex trading platforms and cautioned the general public not to undertake transactions on these platforms.
Semiconductors have become very important for almost all sectors of the economy and India cannot remain dependent on the global supply chains for it, said Gautam Adani after receiving the award.
The broader Nifty 50 of the National Stock Exchange closed 31.20 points or 0.18 per cent down at 17,624.40 points.
