India
World’s demand for gold hit another record high last year; appetite for bullion in 2025 remains firm
“In 2024, global gold demand surged to a new quarterly high and a record annual total bolstered by heightened geopolitical and economic uncertainties,” said Shaokai Fan, global head of central banks at the World Gold Council. Shannon Stapleton | Reuters The world’s demand for gold hit another record high in 2024 amid robust central bank […]
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Asia’s capital market needs a ‘Taylor Swift’ of IPOs to catalyze listings, venture capitalist says
The Shanghai skyline Zorazhuang | E+ | Getty Images Asia’s “nascent capital market” needs a catalyst to kickstart it, an expert said at a CNBC Delivering Alpha event last month. The solution to having more listings in Asia involves having more products, information, fund managers and even good issuers, according to Jenny Lee, founder and […]
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India’s Modi invited to meet with Trump next week, White House official says
Narendra Modi, India’s prime minister, left, and U.S President Donald Trump, arrive for a news conference at Hyderabad House in New Delhi, India, on Tuesday, Feb. 25, 2020. T. Narayan | Bloomberg | Getty Images U.S. President Donald Trump has invited Indian Prime Minister Narendra Modi to visit the White House next week, a White House official said, hours after a U.S. military plane departed to return deported migrants to the […]
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Volkswagen sues India to quash ‘enormous’ $1.4 billion tax demand, legal filing shows
Volkswagen logo is fixed by an employee on a production line for the Golf VIII and Tiguan cars at the VW headquarters in Wolfsburg, Germany May 23, 2024. Fabian Bimmer | Reuters Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi’s […]
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India targets fiscal deficit at 4.4% for 2025-26, sets path to bring down debt
India’s Finance Minister Nirmala Sitharaman holds a briefcase containing the Union Budget as she poses for photographs outside the Ministry of Finance before leaving for the parliament to present the Union Budget in New Delhi, India, on Feb. 1, 2025. Nurphoto | Nurphoto | Getty Images The Indian government will target a narrower fiscal deficit […]
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CNBC’s Inside India newsletter: How China’s DeepSeek could benefit India
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story This week, on my CNBC-issued three-year-old laptop, I ran a powerful artificial intelligence model […]
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India’s finance minister faces a tough choice crafting the annual budget — boost growth or cut deficit?
Nirmala Sitharaman, India’s finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024. Bloomberg | Bloomberg | Getty Images As the Indian government walks a tight rope between fiscal prudence and reviving growth, experts suggest it will likely favor cutting deficit in its annual budget […]
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Foreign investors are fleeing India’s stock market — but analysts see long-term potential
A pedestrian wearing a protective mask walking past the Bombay Stock Exchange (BSE) building in Mumbai, India. The Nifty 50 and Sensex recently slid to their lowest in more than six months Bloomberg | Bloomberg | Getty Images Indian equities have been sliding since September, as foreign investors spooked by a slowdown in the country’s economy […]
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India and China agree to resume air travel after nearly five years
India and China have agreed to resume direct air services after nearly five years, India’s foreign ministry said Monday. Anadolu | Anadolu | Getty Images India and China have agreed to resume direct air services after nearly five years, India’s foreign ministry said on Monday, signaling a thaw in relations between the neighbors after a deadly 2020 military clash on their disputed Himalayan border. […]
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Hong Kong stocks rise after AI sell-off fueled by China’s DeepSeek drags Wall Street lower
The momentum in Japan markets were largely driven by the country’s technology and financial sector. Doctoregg | Moment | Getty Images Hong Kong stocks rose Tuesday after Wall Street saw a massive drop in shares of tech companies, while several Asia-Pacific markets were closed for the Lunar New Year holiday. Hong Kong’s Hang Seng Index traded […]
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