The Times of India - Business (4 hours ago)
India is significantly boosting its global electronics trade, now supplying approximately 40% of US smartphone imports previously sourced from China. This shift, alongside growth from ASEAN economies, highlights a broader diversification of import sources driven by domestic priorities and geopolitical realignments. Despite geographical distances,...
ReadThe Times of India - Business (6 hours ago)
Global oil markets face turmoil due to the Iran-US conflict and Strait of Hormuz disruptions. India, heavily reliant on oil imports, feels the pinch through rising inflation and borrowing costs. The Reserve Bank of India monitors the situation, opting for stability over aggressive action. Households may experience a gradual tightening of budgets as...
ReadThe Times of India - Business (6 hours ago)
India's foreign exchange reserves surged by $3.825 billion to $700.946 billion in the week ending April 10, following a significant increase in the prior week. This rise was primarily driven by an increase in foreign currency assets and gold reserves, contributing to the overall growth.
ReadThe Times of India - Business (6 hours ago)
Crude oil prices plummeted over 10% as the Strait of Hormuz reopened, easing supply disruption fears and boosting global markets. US stocks rallied significantly, with the S&P 500, Dow Jones, and Nasdaq all seeing substantial gains. This development, following announcements from US and Iranian officials, signals a potential de-escalation of...
ReadCBC - Business (6 hours ago)
S&P 500, Dow Jones and Nasdaq all soared midday, as US stocks run toward the finish of a third straight week of big gains. Brent crude oil, the international standard, dropped to about $90 US a barrel — still higher than the $70 before the Iran war, but lower than it has been in recent weeks.
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