Will the govt increase defense spending & speed up share sales in state-run companies to bolster revenues after last year's income tax cuts, reductions in consumption levies?
India's retail inflation spiked to a 14-mth high in October, data showed Tuesday, dashing hopes of an interest rate cut in December and adding to fears of a consumption slowdown.
The S&P BSE Sensex and the NSE Nifty 50 Index each rose 0.9% as of 12:11pm in Mumbai. Both gauges are set for their fifth day of gains and longest winning streak since 4 November.
After dominating India’s crude imports since 2023, Russian supplies slowed amid US sanctions, but a 30-day ‘waiver’ amid West Asia tensions could now push flows back towards 2 mbpd.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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