Usa Financial News

Biden told him to bring down the visa times in India, adding that it was the first instance that an ambassador was told to look into something like this in any country. Garcetti underscored that a part of the green card backlog issue is a legislative problem and said that it is what Congress will have to address. However, he highlighted that the number of visas that have been adjudicated has brought down the waiting time by 75 per cent.

LARNACA, Cyprus—When President Biden declared in early March that the U.S. military would build a pier on the coast of Gaza to deliver humanitarian aid by sea, a Spanish-American celebrity chef was already two steps ahead of the world’s mightiest fighting force. José Andrés had commandeered a tugboat to bring 200 tons of food on a barge from Larnaca, a port city in Cyprus, to Gaza’s shores for use in kitchens run by his disaster-relief group, World Central Kitchen.

At 9:30 am, the MCX April gold futures were trading at Rs 68,930 per 10 grams, up by Rs 1,253 or 1.85% while May silver futures were trading at Rs 75,787 per kg, higher by Rs 739 or 0.98%. Track prices here

TCS Board Meeting: TCS will hold a meeting of its Board of Directors on Friday, April 12, 2024, to approve the audited standalone financial results of the company for the year ending March 31, 2024. The board will also approve the audited consolidated financial results of the company and its subsidiaries for the year ending March 31, 2024, and recommend a final dividend, if any for FY24, TCS said in a regulatory filing.

Gold rate today: On account of the fresh escalation of the geopolitical tension in central Asia and the dovish US Fed on interest rates, gold price today climbed to a new lifetime high of $2,259 per ounce in the international market. Spot gold price today opened flat at around $2,233 per ounce level but soon gathered upside momentum and touched an intraday high of $2,259 level, which turned out a new record high for the yellow metal. Asked about the reasons that are fueling gold prices across the world, Anuj Gupta, Head of Commodity & Currency at HDFC Securities said, “Gold prices are escalating due to rise in the geopolitical tension in the Middle East and US Fed rate cut buzz." Anuj Gupta said that the gold price has given a breakout above the $2,250 level in the intraday session.

RBI Monetary Policy Committee Meeting: The first policy meeting of the central bank's rate-setting panel for FY25 is scheduled this week from April 3-5, 2024. The Reserve Bank of India (RBI) has announced its schedule for the monetary policy committee (MPC) meetings in the upcoming financial year 2024-25 (FY25), which begins on April 1, 2024. After the April meet, subsequent meetings are set for June 2024, August 2024, October 2024, December 2024, and February 2025.

Sensex spiked 655.04 points to close at 73,651.35, while the Nifty 50 settled 203.25 points, or 0.92%, higher at 22,326.90. Nifty 50 formed a reasonable bull candle on the daily chart with a long upper shadow. “This pattern indicates high volatility in the market near the all-time highs around 22,500 levels.

Stock market today: On the last trade session in FY24, the Indian stock market witnessed a decisive intraday upside breakout. The Nifty 50 index went up 203 points and ended at the 22,326 level, the BSE Sensex shot up 655 points and finished at the 73,651 mark whereas the Bank Nifty index surged 338 points and closed at the 47,124 level. In the broad market, the small-cap index gained 0.33 percent while the mid-cap index scaled 0.62 percent north on the last trade session of FY24.

Read here: Week Ahead: RBI Policy, auto sales, Q4 updates, global cues among key market triggers in first week of FY25 On Thursday, the Indian stock market indices ended sharply higher amid positive global cues, ending the financial year 2024 with robust gains. The Sensex spiked 655.04 points, or 0.90%, to close at 73,651.35, while the Nifty 50 settled 203.25 points, or 0.92%, higher at 22,326.90. The benchmark equity indices wrapped up the financial year 2023-2024 with notable gains as the Nifty 50 soared by 29%, while the Sensex jumped 25% during FY24.

Top Events of the Day: India is all set to witness high-octane political, educational, and financial events including Arvind Kejriwal's hearing in an excise policy case, JEE Main Session 2 admit card, and the US visa fees hike today, April 1. Take a look at the top events of the day below, - Chief Minister Arvind Kejriwal, who is currently under ED custody, will be produced before Delhi's Rouse Avenue court at 11 am today, Monday. On March 28, the AAP supremo was sent to Enforcement Directorate custody till April 1.

As investors scour the globe for undervalued stocks, one increasingly popular destination is actively managed exchange-traded funds that focus on emerging markets.

The majority of these are first-time job seekers in the 19-24 years age group, said government officials and experts aware of the details. Apart from this, about 300,000 people have been employed indirectly, they estimated. Companies that get incentives under the PLI scheme need to submit employment creation data to the government.

Between Monday and Tuesday, the significant severe weather threat is forecasted to impact tens of millions of Americans across the eastern half of the country. As meteorologists closely monitor the evolving weather patterns, anticipation mounts for potentially hazardous conditions characterized by strong winds, heavy rainfall, and the possibility of tornadoes, Fox Weather reported.

RBI) is likely to keep interest rates unchanged this week as it weighs both robust domestic economic growth prospects amid prickly food inflation and a delayed start to the now-evident shallower monetary easing cycle in the US, where policymakers have already announced fewer reductions next year than indicated by earlier dot plots. An ET poll of 14 respondents said the central bank's Monetary Policy Committee (MPC) is expected to keep the repo rate unchanged at 6.50% at the conclusion of the panel's three-day meeting on April 5. This would mark the seventh consecutive time the rate-setting committee is expected to maintain the repo rate at its current level.

India is looking to increase the export of agricultural value added products by forging partnerships with retail chains and supermarkets of countries like the United Arab Emirates. The commerce department has identified 12 value added food items, including jams, jellies and marmalades, alcoholic beverages, fruit pulp products, dehydrated vegetables and ready to eat products for the purpose. «We plan to concentrate on a few products and push their exports. These are some value-added goods which we are sure would give results,» said an official, who did not wish to be identified. Biscuits, confectionery, mango pulp and value-added products of mangoes, and preserved gherkins and cucumbers are also part of the list. «There's no target set for the export of these 12 categories. We expect a push from the free trade agreements signed recently,» the official said, adding that the plan entails promotions, stakeholder consultations and state tie-ups with supermarkets and retail chains, especially in the UAE, the EU and the US.

«Talks are on with the United States (US), Australia, and United Kingdom (UK), South Korea, and Japan for processing technology. Brazil and Argentina are also positive about collaborating with India,» a senior mines ministry official told ET. According to another official aware of the plan, agreements with countries are being lined up and will soon be signed.

David Petraeus says the risk of a terror attack in Canada is “elevated” following an attack at a concert hall in Moscow that left 139 dead last week, for which an ISIS splinter group claimed responsibility.Petraeus told The West Block host Mercedes Stephenson that an attack of such a scale makes the current state of extremism and global instability “very worrisome.”“What actually keeps me awake at night… is the fact that we face more threats and more complex threats than we have at any time since the end of the Cold War, if not the end of World War Two,” said Petraeus, who is a former director of the U.S. Central Intelligence Agency.An Islamic State group known as ISIS-K has since claimed responsibility for the attack in Moscow that killed 139 people and left nearly 200 more injured.

Indian politics is taking a leaf out of the US playbook. With Lok Sabha elections just weeks away, political merchandise is taking off in a big way for the first time in the world's largest democracy. Ecommerce platforms such as Amazon, Flipkart and Meesho are cashing in on the poll fever, selling 'election clothing' such as t-shirts, caps and sweatshirts with messages such as 'NaMo Hat Trick', referring to Prime Pinister Narendra Modi, and 'Rahul is Hope', referring to Congress leader Rahul Gandhi. «At least two dozen sellers have onboarded different ecommerce platforms with election merchandise. We are consistently getting requests from sellers as the election momentum builds up,» said an executive at a large ecommerce platform asking not to be named. Amazon, specifically, is selling merchandise under a 'Wear Your Opinion' franchise on the online platform.

Democratic Maryland Gov. Wes Moore joins ‘Fox News Sunday’ to discuss the cleanup and rebuilding efforts of the collapsed Baltimore bridge.

Donald Trump and fellow Republicans assailed President Joe Biden on Saturday for what they called an assault on Christianity, after the US leader highlighted the Transgender Day of Visibility that this year coincides with Easter. It was the latest skirmish in the culture war shaping the White House race, as Trump seeks support from religious conservatives while Biden stakes his claim as the standard-bearer for an inclusive America.

Post 1991 reforms, stifling micro-regulation and directed credit gave way to allowing banks more freedom, deregulating interest rates, allowing greater, though limited, freedom in the forex market, issuing licences to private banks, and, more recently, presiding over the digitisation of financial transactions and entry of fintechs. From the time when it was derisively referred to as no more than a section of the finance ministry-BK Nehru, India's ambassador to the US in the 1960s, reportedly turned down the post of RBI governor, saying the bank lacked independence — to more recent times, when sitting and former finance secretaries to GOI vie for the job, RBI has come a long way.