West Asia uncertainty, oil & gold imports hurt Rupee: FM Sitharaman

BENGALURU: Finance minister Nirmala Sitharaman on Sunday said India remained the world’s fastest growing economy and the uncertainty in West Asia, along with India’s import dependence on three major commodities, resulted in the weakening the rupee against the dollar.“Whenever there is a severe fluctuation or volatility in rupee versus dollar, the RBI intervenes in the…

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India seeks French investment in manufacturing; Piyush Goyal pitches scale and talent

Commerce and Industry minister Piyush Goyal on Sunday invited French companies to invest in India’s manufacturing sector, pitching the country as a trusted partner offering scale, talent and innovation opportunities.Speaking at the ‘Bharat Innovates’ event in Nice in the presence of Prime Minister Narendra Modi and French President Emmanuel Macron, Goyal said India can provide…

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Gold sliver rate outlook: Fed, Bank of Japan decisions in focus; US-Iran deal and crude oil to guide bullion prices

Gold prices are expected to remain range-bound in the coming week as investors track major central bank meetings, developments in US-Iran negotiations and movements in crude oil prices, analysts told news agency PTI.Market participants will closely monitor policy decisions by the Bank of Japan, the US Federal Reserve and the Bank of England, along with…

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Dalal Street outlook: Inflation, Fed verdict and crude oil in focus; US-Iran deal hopes to steer market sentiment

Inflation data, the US Federal Reserve’s interest rate decision and movements in crude oil prices will be the key triggers for Indian equity markets in the coming week, analysts said.Investors will also closely watch developments surrounding the proposed US-Iran agreement, foreign investor activity and trends in global markets for further direction.“On the domestic front, investors…

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China beats Elon Musk’s ‘Jesus-level technology’ to launch world’s first commercial brain chip

China has moved ahead of Elon Musk‘s ‘Jesus-level technology’ Neuralink in the race to commercialise brain-computer interface technology, approving what is being described as the world’s first commercially available brain chip after successful clinical trials.The coin-sized implant, called NEO, has become the first surgically implanted brain-computer interface (BCI) device to clear clinical testing for commercial…

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India steps up Russian oil buying; crude imports from Moscow rise in May: Report

India remained the world’s second-largest buyer of Russian fossil fuels in May, importing Russian hydrocarbons worth an estimated 5.8 billion euros (USD 6.7 billion), as refiners stepped up purchases of discounted crude from Moscow, according to a report by the Centre for Research on Energy and Clean Air (CREA).Crude oil accounted for the bulk of…

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BRICS adopts Indore Declaration; India to lead seed rights, digital agriculture initiatives

BRICS nations on Saturday adopted the “Indore Declaration”, committing to deeper cooperation in agriculture and launching a series of new initiatives, including a global forum on farmers’ seed rights, a digital agriculture network and a platform for agroecology and regenerative farming, PTI reported.The decisions were taken at the end of a five-day meeting of agriculture…

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No fertiliser shortage for kharif, rabi crops; govt prepared for El Nino, says Shivraj Singh Chouhan

Farmers will continue to receive urea and di-ammonium phosphate (DAP) at subsidised rates despite concerns over global supplies amid the Middle East crisis, Union Agriculture minister Shivraj Singh Chouhan said on Saturday, asserting that the government has adequate fertiliser stocks and is prepared to deal with any impact of El Nino.Addressing reporters after the conclusion…

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