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Indian firms invested nearly $6 million in Azerbaijan and Turkey in April, part of a larger $6.8 billion outbound FDI, which saw a 90% year-on-year increase. This comes amid calls for boycotts due to Turkey and Azerbaijan’s stance on India’s actions in Pakistan, leading to a drop in travel demand.
India’s trade relations with Turkey and Azerbaijan are strained due to their support for Pakistan and criticism of India’s strikes on terror camps. This has led to calls for boycotts and travel advisories. While trade with both nations is limited, India enjoys a surplus, with key exports including mineral fuels and imports including marble and … Read more
GAIL (India) Ltd reported a dip in Q4 net profit due to lower gas marketing margins and petrochemical segment losses, despite a one-time gain in Q3. However, FY25 saw record EBITDA, PBT, and PAT, driven by increased revenue and gas transmission volumes. The board also approved transferring city gas licenses to GAIL Gas Ltd.
US stocks showed mixed performance amid inflation data and US-China trade talks. The Dow Jones fell, while the Nasdaq and S&P 500 rose slightly. Inflation cooled for the third month in April. UnitedHealth Group shares plunged after suspending its financial forecast. Boeing shares increased following reports of China lifting a ban on accepting deliveries.
Chinese defence stocks plummeted following a ceasefire between India and Pakistan, erasing earlier gains fueled by expectations of increased arms sales to Pakistan. The Hang Seng China A Aerospace & Defence Index saw a significant drop, with companies like AVIC Chengdu Aircraft and Zhuzhou Hongda experiencing substantial losses.
US inflation eased in April, driven by lower grocery and gasoline prices, despite existing tariffs. Economists anticipate potential price pressures in the coming months as the full impact of trade duties becomes apparent. The Fed faces challenges balancing inflation and unemployment amid volatile trade dynamics and persistent tariffs, complicating future monetary policy decisions.
