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Markets trade lower after initial optimism ahead of RBI policy decision

Mumbai, Aug 6 (PTI) Benchmark indices Sensex and Nifty gave up early gains and were trading lower on Thursday amid caution ahead of the RBI’s monetary policy decision and fresh foreign fund outflows. The 30-share BSE benchmark Sensex climbed 280.38 points to 78,551.66 in early trade. The NSE Nifty went up 77.25 points to 23,773.55. Later, both the benchmark indices gave up early gains and were quoting lower. The BSE benchmark traded 126.78 points lower at 78,141.80, and the Nifty quoted 42.85 points down at 23,653.45. From the 30-share blue-chip pack, Mahindra & Mahindra, Titan, Tata Steel, ITC, NTPC, Bharti

Missed signals, lost deal: How India-US trade talks collapsed

NEW DELHI/WASHINGTON, Aug 6 (Reuters) – After five rounds of trade negotiations, Indian officials were so confident of securing a favourable deal with the United States that they even signalled to the media that tariffs could be capped at 15%. Indian officials expected U.S. President Donald Trump to announce the deal himself weeks before the August 1 deadline. The announcement never came. New Delhi is now left with the surprise imposition of a 25% tariff on Indian goods from Friday, along with unspecified penalties over oil imports from Russia, while Trump has closed larger deals with Japan and the EU,

Rupee rises 15 paise to 87.73 against US dollar in early trade

Mumbai, Aug 6 (PTI) The rupee rose 15 paise to 87.73 against the US dollar in early trade on Wednesday amid a weakening greenback as markets awaited the outcome of the Reserve Bank’s MPC meet. However, a rise in global Brent crude prices and FII outflows capped further gains in the local unit, forex traders said, adding that markets continued to wait for the outcome on the US tariffs. At the interbank foreign exchange, the domestic unit opened at 87.72 against the US dollar before dipping marginally to 87.73, registering a rise of 15 paise from its previous close. The

Musk vs. Modi: Inside the battle over India’s internet censorship

BENGALURU/NEW DELHI, Aug 6 (Reuters) – In January, an old post on Elon Musk’s social media platform, X, became a concern for police in the Indian city of Satara. Written in 2023, the short message from an account with a few hundred followers described a senior ruling-party politician as “useless”. “This post and content are likely to create serious communal tension,” inspector Jitendra Shahane wrote in a content-removal notice marked “CONFIDENTIAL” and addressed to X. The post, which remains online, is among hundreds cited by X in a lawsuit it filed in March against India’s government, challenging a sweeping crackdown

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