Business

Indian weddings are increasingly moving beyond domestic venues, with a growing number of families travelling overseas for marriage ceremonies, a shift that is reflected in a steady rise in international travel insurance purchases, according to a report by Policybazaar.

The Indian stock markets entered a consolidation phase on Thursday, with benchmark indices Nifty and Sensex opening almost flat, while IT stocks remained under pressure and silver prices witnessed a sharp fall.

The United States announced a major global push to reshape the critical minerals and rare earths market, unveiling a series of agreements, financing commitments and new institutional frameworks aimed at building secure, diversified and resilient supply chains, as global demand rises with the growth of advanced technologies.

The Indian Rupee is likely to find support in the near to medium term from improving trade prospects with the US after the reduction in tariffs and a possible shift of portfolio flows towards India, according to Trinh Nguyen, Senior Economist for Emerging Markets at Natixis based in Hong Kong.

The Monetary Policy Committee (MPC) of the Reserve Bank of India is likely to maintain a status quo on the repo rate in its policy announcement scheduled for Friday, amid continued global economic uncertainty, pressure on government bond yields and volatility in the domestic currency, according to a report by State Bank of India.

The BCIC, launched in partnership with the United Nations Industrial Development Organisation (UNIDO), serves as a one-stop centre providing integrated support services to manufacturing companies and Micro, Small and Medium Enterprises (MSMEs) across BRICS countries, with a focus on strengthening Industry 4.0 competencies, according to a release.