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Markets: With positive US signals, Indian bourses zoom over 2.5%; rupee also appreciates

Virendra Pandit   New Delhi: With US President Donald Trump slashing tariffs on Indian goods from 25% to 18%, the likelihood of the two countries’ bilateral trade agreement (BTA) brightening, and eased tension in the Middle East, India’s equity markets zoomed over 2.5% on Tuesday. Benchmark indices held strong gains through the midday session on Tuesday, […]

Roving Periscope: BLA’s women fidayeens joined Operation Herof 2.0 in Pakistan

Virendra Pandit   New Delhi: In perhaps the first-ever incident of its kind in the Islamic world, the Baluchistan Liberation Army (BLA), which claimed responsibility for the recent coordinated multiple suicide attacks in Pakistan restive province, claiming over 200 lives, released photos of two of their women fidayeen (suicide attackers), the media reported on Monday. […]

Impact: Dismayed at the ‘future-looking’ Budget, markets down with over 1%

Virendra Pandit   New Delhi: Apparently unhappy with ‘fiscally prudent’ budgeting, finding little fireworks, and ignoring the government’s concerns over the fast-changing geoeconomic and geopolitical scenario to safeguard the gains made so far, the Indian stock markets reacted hastily and lost over 1% of their value when Finance Minister Nirmala Sitharaman tabled her ninth consecutive […]
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