Economy

India and New Zealand have signed free trade agreement on Monday, April 27

This will be under a broader Emergency Credit Line Guarantee Scheme (ECLGS) framework worth Rs 2.5 lakh crore which is being worked out for multiple affected sectors.

Brent crude rose 2.2% to $107.66 a barrel, after touching an intraday high of $107.97, while WTI gained 2.2% to $96.47, holding near multi-month highs.

The denial came two days after the US Treasury's Office of Foreign Assets Control reportedly sanctioned Hengli Petrochemical (Dalian) Refinery Co., describing it as one of Iran's largest customers for crude oil and other petroleum product.

The agreement is also expected to attract nearly $20 billion in investments over the next 15 years, and positions India more firmly within the Indo-Pacific economic architecture.

US FOMC meeting next week is likely to be the last for Jerome Powell as head of the US central bank.

Surging crude prices amid West Asia tensions and disruptions in the Strait of Hormuz are stoking inflation fears, weakening the rupee, and straining India’s external balances, warns Union Bank of India.

Overall housing sales across all price categories fell 4% annually to 84,827 units during January-March, weighed down by elevated prices, softer demand and uncertainties stemming from the West Asia conflict.

The wage revision for employees and officers of public sector banks would be due from November 1, 2027.

Trump briefly commented on Warsh's path ahead when asked by reporters Saturday, saying "I would imagine it's smooth" now that Pirro has dropped the criminal investigation.

Three days of decisions in Washington, Ottawa, London, Frankfurt and Tokyo are widely anticipated to result in unchanged borrowing costs across the club of rich nations, with each central bank seen keeping a hawkish eye on fallout from the Iran war.

Record highs across S&P 500, Nasdaq Composite, and Asian benchmarks mask rising systemic risks, says UK central bank official.

Avis Budget Group's stock surged 600% in a short squeeze before plummeting nearly 70 percent over two days, wiping out most gains amid speculation of a stock sale.

The Iran-US standoff in the Strait of Hormuz may be more damaging than the war itself, as oil at reclaims $100 a barrel for the first time in over two weeks, trade disruption and market risks weigh on India

Why access alone is not enough — from shorter workweeks and financial hedging to women's banking freedom in India.

The US has sanctioned a Chinese refinery and dozens of vessels for alleged Iranian oil trade, intensifying pressure on Tehran ahead of key diplomatic talks.

The move comes at a time when the energy market continues to see heightened volatility due to the closure of Strait of Hormuz.

China said it would carefully assess the impact on its national interests if the bills are enacted and vowed to take necessary steps to safeguard the lawful rights of domestic companies, without detailing potential countermeasures.

Stocks hit record highs as hopes rise for US-Iran talks with envoys heading to Pakistan and a positive Intel forecast boosting market sentiment amid easing Fed uncertainties.

The inquiry was launched against Jerome Powell in January 2026, shortly before Kevin Warsh was announced as his successor.