The USA leads the world in gold reserves with over 8,133 tonnes, followed by Italy, China, India, and Japan, as of Q1 2026, highlighting gold's role in economic strategy and stability.
NACHRICHTAIM&M Group Chairman Anand Mahindra met with US Ambassador Sergio Gor to discuss the automaker's investments in the US, which are boosting manufacturing, creating jobs, and strengthening supply chains. The meeting also touched upon ongoing US-India trade deal negotiations.
NACHRICHTAIIndia's consumer and retail sector showed strong growth in H1 FY26, driven by GST cuts and a favorable base. However, rising input costs from West Asia and monsoon uncertainty are now posing risks, with Q2 FY26 seen as a critical inflection point.
NACHRICHTAIFuel prices in India remained steady on June 4, offering consumers a temporary reprieve. However, rising global crude oil prices nearing $95 per barrel are fueling speculation about potential future hikes, which could impact household budgets and inflation.
NACHRICHTAIThe US Trade Representative proposed an additional 12.5% duty on 54 countries, including India, over alleged failure to restrict imports of goods produced with forced labor. This move, seen as a pressure tactic, comes as India and the US negotiate an interim trade deal.
India's Union Cabinet recommended an ordinance to ease tax rules for foreign investors in certain securities, aiming to strengthen the rupee amid record FPI withdrawals and economic concerns.
The US Trade Representative proposed a 12.5% tariff on exports from 54 countries, including India and China, citing failure to prohibit goods made with forced labor. India is engaged in discussions with the US regarding this and a framework agreement.
