@DerekJGrossman American statements no longer carry much weight here. Indo-US relationship is transactional and not strategic. It will continue to be that way for foreseeable future. It doesn't matter to us whether the current US Prez uses Pakistan for his crypto business or whatever.
Indian state, #Maharashtra, shuts 4 #Dominos, outlets for hygiene lapses. Grease residue in pizza-making machines and insect infestations reported. The license of 1 #PizzaHut store was also suspended. Its time that these American companies stop taking India for granted.
Aluminium on thin ice as LME stocks hit 36-year low. The raid on LME stocks has been confined to Indian brands of #aluminium, which together with Russian brands have accounted for most of LME on-warrant inventory over the last few years. #NALCO#HINDALCO
Nomura eyes 20 bps India fiscal slippage, sees no rate hike through 2027. Sentiment has changed this year compared with last year, with more confidence on growth, fiscal and current account resilience, reduced concerns on trade friction with the U.S.
Cooler inflation data may force Warsh's divided #Fed to hold the line on rates. Traders expect The Federal Reserve to hold rates steady in September after recent softer inflation readings.
India's May wholesale price #inflation rises to 9.68% on Middle East war-driven fuel surge. Wholesale fuel and power prices up 30.33% in May vs 24.89% in Apr. However, the sharp surge in wholesale prices is not seen impacting interest rates in the economy immediately.
India's retail #inflation quickens (4.45%) but unlikely to change policy rate outlook. A Reuters poll had projected retail inflation at 4.50%. #CPI#RBI
Chair of India's #Tata to step down after tension with controlling charity. Disagreements have simmered for months. In the last financial year, Tata Group companies had combined revenue of $185 billion & the listed companies have a combined market cap of $277 b as of March 31.