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Elon Musk has publicly attacked Donald Trump's trade advisor, Peter Navarro, calling him "dumber than a sack of bricks" over newly imposed tariffs. This outburst follows Musk's appeal to Trump regarding the tariffs, which have cost him billions. The feud highlights internal conflict within Trump's circle and Musk's dissent over trade policy, despite his previous support for the administration.
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News and Media
Amnish Aggarwal of Prabhudas Lilladher anticipates a 25 bps rate cut by the RBI, citing controlled inflation and market volatility. He cautions against making fresh market bets amidst the US-China trade war, predicting continued volatility for the global economy and markets. While some Indian sectors like home textiles might benefit, increased dumping from China could pressure Indian industries.
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News and Media
There is a significant focus on global diversification using Liberalised Remittance Scheme (LRS), Overseas Portfolio Investment (OPI)/ Overseas Direct Investment (ODI) route and integration of investments with migration decisions.
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News and Media
India's consumer prices likely saw a similar increase in March as in February, with a Reuters poll forecasting a 3.60% rise. Higher gold prices, driven by investors seeking safe haven amid trade concerns, offset stable food prices impacted by uneven rainfall and heat waves. The Reserve Bank of India is expected to cut interest rates to bolster slowing economic growth.
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News and Media
A tragic incident occurred in Santo Domingo, Dominican Republic. The roof of Jet Set nightclub collapsed during a merengue concert. At least 79 people died and 160 were injured. Rescue crews searched for survivors in the rubble. Politicians and athletes were among those present. Investigations are underway to determine the cause of the collapse. The community is mourning the loss.
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News and Media
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