http://www.slowers.sbm.pw Your Source for Social News and Networking Mon, 23 Mar 2026 10:31:57 +0000 en http://www.slowers.sbm.pw/News/gold-silver-futures-tank-on-inflation-rate-hike-fears-wipe-out-2026-gains/ At 1226 IST, the most-active April GOLD contract on the MCX was down 8% at INR 133,000 per 10 grams. The most-active April contract on COMEX was down 8.5% at $4,189.5 per ounce. The most-active May SILVER contract on the MCX was down 10% at INR 204,500 per kilogram and the same month contract on COMEX was down 11% at $62.01 per ounce. ]]> Mon, 23 Mar 2026 10:31:57 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/gold-silver-futures-tank-on-inflation-rate-hike-fears-wipe-out-2026-gains/ http://www.slowers.sbm.pw/News/us-fomc-holds-rates-steady-sees-one-cut-in-2026-as-iran-war-impact-uncertain/ This is the second consecutive meeting when the US rate-setting panel has held interest rates steady at 3.50-3.75%. Federal Reserve Governor Stephen I. Miran voted against the decision, and instead preferred to lower interest rates by 25 basis points. ]]> Thu, 19 Mar 2026 09:41:52 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/us-fomc-holds-rates-steady-sees-one-cut-in-2026-as-iran-war-impact-uncertain/ http://www.slowers.sbm.pw/News/commerzbank-says-us-fed-meet-this-week-unlikely-to-provide-new-impetus-for-gold-prices/ The gold price is struggling to fulfil its role as a safe haven in times of crisis," Fritsch said. Gold prices have fallen around 5% since the start of the war in Iran two and a half weeks ago. A significant rise in the dollar index has provided headwinds for gold prices. ]]> Thu, 19 Mar 2026 09:36:03 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/commerzbank-says-us-fed-meet-this-week-unlikely-to-provide-new-impetus-for-gold-prices/ http://www.slowers.sbm.pw/News/rbi-says-hdfc-bk-well-capitalised-will-continue-to-engage-with-bank’s-board/ Basis our periodical assessment, there are no material concerns on record as regards its conduct or governance. The bank remains well-capitalised and the financial position of the bank remains satisfactory with sufficient liquidity," the regulator said. ]]> Thu, 19 Mar 2026 08:50:00 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/rbi-says-hdfc-bk-well-capitalised-will-continue-to-engage-with-bank’s-board/ http://www.slowers.sbm.pw/News/rbi-may-announce-up-to-10-bln-dlr-rupee-buy-sell-swap-auction-thu-—-dealers/ The RBI has been active across the curve in the secondary today," a dealer at a private sector bank said. "There is a strong sense in the market that he may do a $10 billion buy-sell swap soon, maybe announce it after market hours.
Dealers said the RBI aims to limit the surge in forward premiums with the dollar-rupee swap amid heightened volatility in the spot rupee. At the last such swap auction in February, the central bank saw overwhelming demand. RBI got bids worth $25.03 billion, against the notified amount of $10 billion. ]]> Fri, 13 Mar 2026 09:50:25 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/rbi-may-announce-up-to-10-bln-dlr-rupee-buy-sell-swap-auction-thu-—-dealers/ http://www.slowers.sbm.pw/News/icra-upgrades-vodafone-ideas-long-term-fund-based-rating-to-bbb/ The upgrade is based on the government's revision of Vodafone Idea's adjusted gross revenue dues in January and the settlement of the contingent liability adjustment mechanism agreement with Vodafone Group PLC, the promoter of Vodafone Idea, ICRA said in a press release. ]]> Thu, 05 Mar 2026 10:40:37 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/icra-upgrades-vodafone-ideas-long-term-fund-based-rating-to-bbb/ http://www.slowers.sbm.pw/News/auto-cos-q3-profit-revenue-growth-soured-by-tata-motors-pv-slump/ The 15 automobile companies' revenue growth for the December quarter was half of the Nifty 200 index companies' top line growth. Their bottom line performance - a 28?ll in net profit - was also poorer than that of the Nifty 200 index companies, which reported a 4.9% on-year growth in profit. These automobile companies' revenue growth was also poorer than the Nifty 50 index companies' 9% on-year revenue growth and a 1.3?ll in profit. ]]> Thu, 05 Mar 2026 10:35:11 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/auto-cos-q3-profit-revenue-growth-soured-by-tata-motors-pv-slump/ http://www.slowers.sbm.pw/News/india-finland-to-enter-into-strategic-partnership-in-sectors-such-as-ai-6g-telecom/ This partnership will boost cooperation in high-tech fields of artificial intelligence, 6G telecom, clean energy and quantum computing," Modi said at a joint press briefing with visiting Finland President Alexander Stubb.
This partnership will extend to key sectors of defence, space, semiconductors and critical minerals, Modi added. ]]> Thu, 05 Mar 2026 10:29:09 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/india-finland-to-enter-into-strategic-partnership-in-sectors-such-as-ai-6g-telecom/ http://www.slowers.sbm.pw/News/bajaj-autos-feb-despatches-grow-at-27-month-high-of-27-to-448259-units/ Bajaj Auto sold 232,581 automobiles in India in February, up 27% on year but down 11% on month. Its exports stood at 215,678 units in February, up 28% on year but flat on month.
Two-wheeler sales of the Chetak-maker climbed 27% on year to 379,921 units. Domestic sales grew 27% on year but fell 13% on month to 186,164 units. The company exported 193,757 two-wheelers last month, up 26% on year and 1.1% on month. ]]> Mon, 02 Mar 2026 07:15:24 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/bajaj-autos-feb-despatches-grow-at-27-month-high-of-27-to-448259-units/ http://www.slowers.sbm.pw/News/india’s-new-gdp-series-strengthens-growth-view-but-upsets-fiscal-math/ The statistics ministry Friday released the new GDP series with 2022-23 (Apr-Mar) as the base year, replacing FY12. Data based on the new series showed that India's GDP grew faster than expected in the December quarter at 7.8%, driven by strong consumption on the back of cuts in the goods and services tax and festival season demand. Growth was also supported by manufacturing and services sectors. ]]> Mon, 02 Mar 2026 07:09:16 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/india’s-new-gdp-series-strengthens-growth-view-but-upsets-fiscal-math/ http://www.slowers.sbm.pw/News/sitharaman-says-no-roadmap-for-consolidation-of-psu-banks-as-of-now/ Bank consolidation was not a subject here, nor was it a subject before the Budget, but the Committee which is now being appointed, once the terms of reference are given they will look into every aspect of how to strengthen Indian banking," she said.
]]> Mon, 23 Feb 2026 10:11:58 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/sitharaman-says-no-roadmap-for-consolidation-of-psu-banks-as-of-now/ http://www.slowers.sbm.pw/News/mcx-april-gold-contract-opens-higher-on-trade-uncertainty-us-iran-tension/ Renewed global trade tensions and heightened economic uncertainty spurred safe-haven demand for the precious metal, analysts said. The US Supreme Court on Friday struck down many of US President Donald Trump's "reciprocal" tariffs, which were invoked based on the International Emergency Economic Powers Act. Hours later, Trump announced imposition of 10% tariffs globally under Section 122 of the 1974 Trade Act. He raised it to 15% the very next day. ]]> Mon, 23 Feb 2026 10:07:16 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/mcx-april-gold-contract-opens-higher-on-trade-uncertainty-us-iran-tension/ http://www.slowers.sbm.pw/News/sitharaman-says-gold-demand-in-india-not-reached-alarming-proportions/ Gold has always been a favoured investment for households, whether as an asset class or for jewellery," she said. "So, high-pitched demand for domestic consumption also sees a seasonal spike during festival season, during Akshay Tritiya and so on. We are watching it, but I am not sure it has reached such alarming proportions, given the tendency or natural thing as it is in India for investing in gold, buying gold. And therefore, I think it's not gone in that sense beyond a certain limit. ]]> Mon, 23 Feb 2026 10:01:56 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/sitharaman-says-gold-demand-in-india-not-reached-alarming-proportions/ http://www.slowers.sbm.pw/News/us-crude-oil-stocks-down-9-mln-bbl-in-week-ended-friday-exports-up-eia/ Petrol inventories fell 3.2 million barrels from the previous week to 255.8 million barrels in the week ended Friday. Analysts polled by Dow Jones had expected a fall of 700,000 barrels in petrol inventories. Distillate fuel stocks fell 4.6 million barrels to 120.1 million barrels during the week. Analysts polled by Dow Jones expected a fall of 1.4 million barrels in distillate stocks. Distillate fuel stocks were around 5% below the five-year average for this time of the year. ]]> Fri, 20 Feb 2026 08:01:45 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/us-crude-oil-stocks-down-9-mln-bbl-in-week-ended-friday-exports-up-eia/ http://www.slowers.sbm.pw/News/ai-a-turning-point-for-human-civilisation-need-to-keep-vision-big-pm-modi/ We need to keep our vision (for AI) big but be responsible as well. Apart from the current generation, we have to be conscious about what form of AI we will leave for the coming generation," he said at the AI Impact Summit in New Delhi.
The prime minister also emphasised the need for democratising AI, saying one needs to ensure that human beings don't become mere data points or raw materials in an AI ecosystem.
AI is a transformative power, if directionless it can cause disruption. With the right direction, it can lead to solutions," Modi said. "The main aim of this Global AI Summit is to see how we can make AI human-centric from machine-centric, sensitive and responsible ]]> Fri, 20 Feb 2026 07:57:40 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/ai-a-turning-point-for-human-civilisation-need-to-keep-vision-big-pm-modi/ http://www.slowers.sbm.pw/News/novartis-ag-to-sell-its-stake-in-novartis-india-to-consortium-of-chryscapital/ Following the Novartis announcement, the consortium also announced an open offer to buy up to 26% of more shares in the company at a price of INR 860.64 per share. Based on the open offer price, the 70.68% stake sale deal is valued at INR 14.5 billion. For the open offer, the consortium is expecting to spend INR 5.52 billion if the offer is fully accepted. The open offer price is at nearly 4% premium over the Thursday's closing price of Novartis India shares. ]]> Fri, 20 Feb 2026 07:48:47 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/novartis-ag-to-sell-its-stake-in-novartis-india-to-consortium-of-chryscapital/ http://www.slowers.sbm.pw/News/india’s-private-sector-activity-accelerates-in-feb-flash-pmi-shows/ Activity picked up in the manufacturing sector at a higher clip than the services sector. The flash manufacturing PMI rose to a four-month high of 57.5 in February from the final print of 55.4 in January. The flash services PMI fell to 58.4 in February from 58.5 in January. A PMI reading of more than 50 denotes expansion in activity from the previous month, while a print below 50 indicates contraction. ]]> Fri, 20 Feb 2026 07:44:17 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/india’s-private-sector-activity-accelerates-in-feb-flash-pmi-shows/ http://www.slowers.sbm.pw/News/microsoft-to-invest-50-bln-on-ai-infra-by-2030-most-investment-in-india/ The next big step in AI is extending it to the global south more extensively, Smith said. Under its investment plan, Microsoft aims to set up more data centres and compute infrastructure in the global south, with India, "unsurprisingly", being a key destination, according to Smith. ]]> Thu, 19 Feb 2026 10:07:23 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/microsoft-to-invest-50-bln-on-ai-infra-by-2030-most-investment-in-india/ http://www.slowers.sbm.pw/News/govt-cuts-silver-base-import-price-to-2421kg-gold-price-unchanged/ The government generally revises base import prices of gold and silver every fortnight but makes more frequent changes when prices are volatile. Base import prices are used to calculate import duty on precious metals that individuals bring into the country. India is one of the world's biggest importers of silver and the largest consumer of gold. ]]> Thu, 19 Feb 2026 09:56:55 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/govt-cuts-silver-base-import-price-to-2421kg-gold-price-unchanged/ http://www.slowers.sbm.pw/News/modi-meets-global-leaders-on-ai-summit-sidelines-discusses-improving-ties/ President Sanchez highlighted the importance of the AI Impact Summit and expressed confidence that its outcomes would contribute meaningfully to shaping global AI governance," the prime minister's office said in a release. ]]> Thu, 19 Feb 2026 09:51:43 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/modi-meets-global-leaders-on-ai-summit-sidelines-discusses-improving-ties/ http://www.slowers.sbm.pw/News/new-cpi-confirms-low-underlying-inflation-even-as-internals-surprise/ Data released last week showed retail inflation was 2.75% in January, according to the new CPI series, which uses 2024 as the base year. The Ministry of Statistics and Programme Implementation Thursday released the new CPI series, which widens coverage and tracks prices of 358 items, sharply up from 299 items in the old series.
Headline inflation in January was above the lower end of the RBI's tolerance band of 2-6%, a first since June 2025. Headline inflation averaged 2.2% in 2025, according to both the new and old series. On average, there was no difference in headline inflation over the last 12 years between the two CPI series, according to Informist's calculations of the back-series data provided by the government. ]]> Wed, 18 Feb 2026 06:13:42 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/new-cpi-confirms-low-underlying-inflation-even-as-internals-surprise/ http://www.slowers.sbm.pw/News/india-france-agree-to-remove-double-taxation-to-work-on-jets-submarines/ Based on trust and shared vision, today we are establishing our relations as special global strategic partnership. This partnership is not just strategic," PM Modi said. "In today's tumultuous world, this is a partnership of global stability and global progress. ]]> Wed, 18 Feb 2026 05:51:21 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/india-france-agree-to-remove-double-taxation-to-work-on-jets-submarines/ http://www.slowers.sbm.pw/News/commerzbank-sees-gold-near-5000ounce-in-near-term-on-us-rate-uncertainty/ The German lender said the metal's struggle to extend its rally is partly linked to the uncertain US interest rate outlook. "Although expectations of US rate cuts - as reflected in Fed Funds Futures - have increased in recent weeks, stronger-than-expected US labour market data released last Wednesday pointed to greater resilience in the economy than previously assumed." This, Commerzbank noted, could reduce the urgency for rapid interest rate cuts by the Federal Reserve, tempering support for non-yielding assets such as gold. ]]> Wed, 18 Feb 2026 05:28:05 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/commerzbank-sees-gold-near-5000ounce-in-near-term-on-us-rate-uncertainty/ http://www.slowers.sbm.pw/News/export-promotion-mission-to-continue-irrespective-of-us-deal/ After the US imposed a 50% tariff, including a 25% punitive tariff, on Indian goods in August, the government announced the rollout of the Export Promotion Mission to support exporters. India and the US announced a trade deal, under which Washington has committed to cutting the reciprocal tariff on Indian goods to 18% from 25%. The White House has also scrapped the 25% penal tariff after the deal. ]]> Wed, 18 Feb 2026 05:23:02 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/export-promotion-mission-to-continue-irrespective-of-us-deal/ http://www.slowers.sbm.pw/News/india-summer-crop-acreage-up-3-on-yr-at-1-52-mln-ha-as-of-fri/ The area sown under all coarse cereals rose 64% on year to 82,000 hectares, the report showed. The acreage under maize, the leading coarse cereal in terms of area and production during the summer crop season, rose to 63,000 hectares from 48,000 hectares last year. The area sown under bajra so far was 6,000 hectares against nil acreage at the same time last year. ]]> Tue, 17 Feb 2026 10:53:26 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/india-summer-crop-acreage-up-3-on-yr-at-1-52-mln-ha-as-of-fri/ http://www.slowers.sbm.pw/News/spot-gold-down-tracking-futures-amid-thin-trade-easing-geopolitical-worries/ In Mumbai, the spot price of gold of 99.9% purity was INR 151,195 per 10 grams on Tuesday, down from INR 154,080 per 10 grams on Monday, said Kumar Jain, spokesperson for the India Bullion and Jewellers Association. Dealers are offering a discount of INR 1,750 per 10 grams on spot gold prices, Nitin Kedia, national general secretary of All India Jewellers & Goldsmith Federation, said. Spot gold demand is very low despite the discounts, but it is expected to pick up around Holi, which is on Mar. 3, Kedia said. ]]> Tue, 17 Feb 2026 10:49:33 +0000 Ankishinde News 1 http://www.slowers.sbm.pw/News/spot-gold-down-tracking-futures-amid-thin-trade-easing-geopolitical-worries/