Finance Secretary Tuhin Kanta Pandey has been appointed as the next SEBI chief, succeeding Madhabi Puri Buch. Buch's tenure, which ends on February 28, was marked by regulatory challenges and allegations, including those related to her investments in offshore funds linked to the Adani Group.
European Commission President Ursula von der Leyen and India's external affairs minister S Jaishankar have discussed advancing the free trade agreement and cooperation in sectors like high technology and climate change. They aim to finalize new strategic agreements, especially as Europe seeks to mitigate risks in its relationship with China.
The head of a federal agency investigating the near-collision at Midway Airport between a Southwest plane and a business jet has said the business jet pilot appeared to fail to follow instructions. “We don’t believe that this was an air traffic control issue,” said Jennifer Homendy, chair of the National Transportation Safety Board, in an […]
President Donald Trump announced plans to impose tariffs on Canada and Mexico starting next Tuesday and to double the 10% tariff on imports from China. He cited the smuggling of illicit drugs, such as fentanyl, into the US as a reason for the tariffs. These measures have caused concerns about inflation and potential impacts on the global economy.
In Q4 2024, the American economy grew at a 2.3% annual rate with strong year-end consumer spending, though slower than the previous quarter's 3.1%. For the year, growth was 2.8%. Despite low unemployment (4%) and reduced inflation from 2022 highs, uncertainties loom for 2025 with President Trump's trade policies and mass deportations potentially impacting prices and labor.
Gold prices in New Delhi dropped by Rs 1,150 to Rs 88,200 per 10 grams, tracking global market trends. Silver prices also declined by Rs 1,000 to Rs 98,500 per kg. Market analysts suggest further weakness if key levels are breached. Investors are eyeing US economic data and Fed speeches for further cues on market direction.
