I welcome the understanding reached between the United States and Iran on ending the conflict in West Asia, which has caused serious economic disruption across the world and led to loss of life in many countries.
India hopes that the implementation of this understanding will help restore peace and stability in the region and ensure the freedom of navigation and commerce.
We look forward to deliberations on the remaining issues reaching a sustainable final agreement.
Google which is cash surplus, just announced an additional capital raise of $80 bn.
Google annual profit is $160 bn, last quarter $62 bn, and market cap $4.5 trillion. That is close to total profits and market cap of all Indian listed companies put together.
It’s a wake up call to all companies to invest into the future, whatever the present maybe.
Now that IPL is done and dusted, time for India to focus on business of business.
Vaibhav Sooryavanshi’s bat swing has been outstanding. What’s even more remarkable is how beautifully he clears his front foot to create room for balls aimed at his legs. This freedom allows him to play the way he does.
That innings was nothing short of spectacular!
A crucial macro factor today is US 10 year bond yields. They have moved up from 4.16% on January 1, to 4.60%. It reflects increasing strain for US borrowing program as US debt nears $ 40 trn. When the US sneezes, world gets a cold. Watch out for bond yields around the world.
Pm #modi said don't buy #gold
Duty increased soon
Pm #modi said don't use to much fuel
Fuel hike came ...
Pmmodi said don't use to much cooking oil
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#palmoil
After PM Modi’s ‘save fuel’ pitch, big move by Delhi Govt:
➤ Two-day work-from-home for government employees
➤ CM urges private institutions to consider WFH
➤ 50% of government meetings to shift online
➤ Foreign travel halted for ministers and officials
➤ ‘Metro Monday’ to be observed every week
➤ CM, ministers, and officials to use the metro
@BhawanaKishore joins @HeenaGambhir with more details.
The news about import duties on gold and silver going up to 15% came late last night. The interesting thing: neither open interest, prices, nor volume in Gold and Silver showed any unusual moves in the hours leading up to the announcement.
If this had happened in the United States, I’m fairly sure some of the people close to the decision-making process would have found a way to trade it, either through regulated futures markets, other derivative contracts, or prediction markets like Polymarket and Kalshi.
We’ve seen versions of this with crude. And during the Iran conflict, too, there were all these reports and allegations about people around the government trading through futures, contracts, and prediction markets before or around important announcements.
It’s kind of insane how casually people in power seem to monetize privileged information. At some point, this stops looking like “market participation” and starts looking like blatant insider trading with better branding.
Just another reason why Indian markets, despite all their flaws, are far more tightly controlled in these grey zones than many Western markets.