Business News Live: Walmart Raises Concerns Over Proposed Trump Tariffs

India and Guyana signed 10 Memorandums of Understanding (MoUs) during Prime Minister Narendra Modi's visit to the country, covering areas such as agriculture, pharmaceuticals, and the deployment of UPI in the Caribbean nation.Key agreements include an MoU on Cooperation in the Hydrocarbons Sector, focusing on joint efforts in crude sourcing, natural gas collaboration, and infrastructure development. This partnership also aims to enhance capacity building and expertise sharing across the hydrocarbon value chain, as reported by ANI. Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized the critical role of fiscal-monetary coordination in navigating India through a series of external economic shocks. Speaking at the High-Level Policy Conference of Central Banks from the Global South in Mumbai, Das outlined the measures undertaken by RBI to ensure macroeconomic stability amid global challenges."Effective fiscal-monetary coordination was at the core of India's success in the face of a series of adverse shocks. From this perspective, macroeconomic stability becomes a shared responsibility of both monetary and fiscal authorities," he said, highlighting the collaborative efforts that contributed to India's economic resilience, wrote ANI. India's equity indices tumbled further on Thursday morning after the stock market opened following the election holiday. At the time of this update, Nifty was down 0.77 per cent, while Sensex was tracing 474 points down or 0.61 per cent lower. Matrize has predicted a massive win for NDA with 45 seats. INDI, on the other hand, is expected to get 32 seats. According to the poll, the others will win just four seats in Jharkhand. Exit polls are predicting a victory for the Bharatiya Janata Party-led Mahayuti in Maharashtra. According to the P-MARQ exit poll prediction, Mahayuti may have an edge against Maha Vikas Aghadi (MVA).While projecting that Mahayuti may win 137-157 seats, the exit poll has predicted that the MVA may get 126-146, even as others might bag somewhere between 2-8 seats. According to the exit poll, Mahayuti is expected to get 42 per cent vote share, Maha Vikas Aghadi may get 41 per cent and 17 per cent for the independents. “In India, the slack in speed observed in the second quarter of 2024-25 is behind us as private consumption is back to being the driver of domestic demand with festival spending lighting up real activity in Q3. Domestic financial markets are seeing corrections with the relentless hardening of the US dollar and equities being under pressure from persistent portfolio outflows.” - RBI Bulletin for November 2024. Nokia has been awarded a multi-year, multi-billion extension deal by Bharti Airtel (‘Airtel’) to deploy 4G and 5G equipment across key Indian cities and states. As per the contract, Nokia will deploy equipment from its 5G AirScale portfolio including base stations, baseband units and the latest generation of Massive MIMO radios. Major Chinese fund companies announced a reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market.The move to cut management and custodian fees came a day after Wu Qing, China's chief securities regulator, pledged to encourage index investment and fund industry fee reform. Bitcoin surged to a record high, exceeding $94,000, following reports that Donald Trump’s media company is in talks to acquire cryptocurrency trading platform Bakkt. This development has amplified hopes for a more cryptocurrency-friendly environment under the incoming Trump administration. Asian shares were cautious on Wednesday as investors looked ahead to earnings results from AI darling Nvidia where the risk of disappointment is high, while the dollar gave back a little of its recent bumper gains. It remains uncertain how far interest rates can fall, though the initial reductions made by the U.S. central bank are a vote of confidence that inflation is returning to its 2% target, Kansas City Fed President Jeffrey Schmid said on Tuesday. Corporate executives were taking a wait-and-see approach to President-elect Donald Trump's vow to impose heavy tariffs on imports when he takes office in January, but many have raised concerns about the effect such levies will have on inflation.

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Business News Live: Walmart Raises Concerns Over Proposed Trump Tariffs

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