India’s steel market has reversed course. Hot-rolled coil prices have risen significantly. This surge is driven by higher raw material costs, a government safeguard duty on imports, and strong infrastructure demand. Experts believe these factors will support prices in the near term. Demand is expected to grow, and producers’ margins are improving. The outlook for Indian steel appears favorable.Read More
Amid fears that artificial intelligence is just a bubble ready to be popped, billionaire investor Howard Marks said that it is very real and capable of doing a lot of work. However, he remains inconclusive regarding whether investing in AI will be profitable.Read More
Indian vaccine developer Bharat Biotech International Ltd. is considering an initial public offering that may raise more than $500 million, according to people familiar with the matter.Read More
Indian stock markets faced a turbulent week. The Nifty index dropped below 25,300, a key support level. Bank Nifty also weakened, adding to market concerns. Experts suggest this indicates a potential for further declines in the short term. Investors are advised to be cautious and selective in their approach.Read More
India is experiencing robust economic growth alongside subdued inflation, a rare “goldilocks” scenario. Nomura’s Aurodeep Nandi highlights easing headwinds, supportive policy, and stable core inflation, projecting continued expansion. While rate cuts are unlikely, the RBI retains flexibility, and the rupee faces moderate volatility.Read More
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