BUSINESS
India Now Holds 15% of the $23 Trillion Gold Market, Says New Report
The report points out that 65% of all the gold that has been mined is in the form of jewellery. It implies that even a small change—only 5%—of world reserves into gold would ignite a sustained and significant rise in its price.
US, Japan and Hong Kong Account for 89% of Q2 Foreign Investments in Indian Real Estate
The three nations accounted for almost 89% of the overall foreign investment, reported a paper made public on Monday.
Office Leasing in Top Indian Cities Jumps 40% in H1 2025 as GCCs Drive Demand
With gross leasing for the first half of 2025 reaching around 42 MSF, the sector is comfortably on track to record a figure in excess of 90 MSF by the end of the year. This would be a record annual high and would reinforce the renewed optimism of occupiers in India's office market.
Trump Imposes 10% Tariff on Countries Backing ‘Anti-American’ BRICS Policies
This came after BRICS leaders were fiercely critical, with the countries, in the midst of continued tensions in trade with the United States, voicing "grave concern" over the "indiscriminate increase in tariffs."
India Poised to Hit Historic Coal Production Milestone of 1.15 Billion Tonnes in FY26
Domestic coal output reached a record 1,047.6 million tonnes in FY25, marking a steady average growth rate of 10% annually over the last five years, as per data from CareEdge Ratings.
SEBI Bans US-Based Jane Street from Indian Markets, Orders ₹4,843 Crore Deposi
The regulator has also ordered them to deposit Rs 4,843.5 crore—allegedly earned through unfair trade practices—into an account designated in SEBI’s favour.
CII Projects India’s Real GDP Growth at 6.4–6.7% for FY26
Addressing a CII conference in New Delhi, CII President Rajiv Memani pointed out India's strength in the face of global economic and geopolitical instability, terming the nation a "bright spot" in a steadily fragmenting global order.
Jaishankar Responds to US Tariff Threat on Russian Oil Buyers: ‘We'll Cross That Bridge When We Come To It’
Reacting to media questions at a press conference in Washington, Jaishankar referred to the proposed law, which seeks to sanction countries maintaining economic relations with Russia, including energy commerce. Both India and China, given their large oil imports from Russia, would be hit directly.
Last-Minute Push Underway: India‑US Interim Trade Pact Hangs Over July 9 Deadline
India is pressing for greater market access to US markets for labour-intensive industries like garments, footwear, and leather products—sectors crucial to employment generation.
India's Services Boom Continues: June PMI Hits Ten‑Month Peak
The HSBC India Services Purchasing Managers' Index (PMI) — a seasonally adjusted series designed by S&P Global — rose to 60.4 in June, from 58.8 in May. A level above the neutral of 50.0 indicates expansion, while below points to contraction.
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