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Rising government bond yields in both the United States and Japan are creating significant turbulence in global interest rate markets, prompting financial experts to warn of increased short-term volatility.
President Droupadi Murmu presented 66 Padma awards at Rashtrapati Bhavan, recognizing various personalities including Uday Kotak and Harmanpreet Kaur, with violinist N Rajam receiving Padma Vibhushan.
Uday Kotak stated that the global economy is becoming increasingly tribalized and emphasized that companies must also focus on the long-term betterment of India.
India reported stronger-than-expected first-quarter economic growth of 7.8 percent, offering optimism but urging policymakers to maintain economic safeguards amid unresolved geopolitical risks.
India has more than doubled its import tariffs on gold and silver, aiming to curb imports and support the declining rupee. This move has made precious metals more expensive for domestic buyers and led to a surge in their prices.
SpaceX's highly anticipated initial public offering (IPO) is projected to make Elon Musk the world's first trillionaire, with the company's valuation potentially reaching $75 billion and receiving an $11 billion boost. The IPO is being hailed as a historic event on Wall Street, solidifying SpaceX's unique position in the space industry.
Industry leader Uday Kotak has warned India to prepare for the worst, emphasizing the need for stronger financial discipline in anticipation of a potential US-Iran war.