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Gold and silver price prediction today: Amidst Middle East tensions, gold prices are fluctuating. Experts suggest watching ₹95,800 as a crucial support for gold, targeting ₹98,500 and potentially ₹1,00,000. Silver faces a decline but remains positive overall.
India is expected to continue as a leading hub for Global Capability Centres. A PwC report indicates that most businesses plan to expand their operations in India. Over 150 new GCCs are projected to be established. The report suggests increased investment in infrastructure by the government. This will support India's digital transformation. The GCCs are evolving into innovation-led global hubs.
China has halted specialty fertilizer exports to India, impacting the production of fruits and vegetables, while continuing to supply other nations. This action, attributed to strained diplomatic relations and procedural delays, threatens India's crop yields as 80% of its specialty fertilizer imports originate from China.
Bitcoin briefly exceeded $108,000 amid easing geopolitical tensions and rising institutional interest. As of 11:50 am IST, it traded at $107,800, up 1.5%. Ethereum also rose, while some altcoins declined, reflecting cautious retail sentiment. Experts predict potential volatility due to options expiry and anticipate a breakout if Bitcoin surpasses $108.5K.
The India-UK Free Trade Agreement features a new 'coequal' rule. This rule impacts product origin norms. It provides producers more flexibility. It also ensures stricter checks against tariff concession misuse. The agreement includes digital exchange of origin certificates. This will streamline processes. India anticipates zero-duty access for 99% of its exports to the UK.
Infosys chairman Nandan Nilekani warned businesses face a "perfect storm" due to tariff conflicts, AI disruption, and energy transition. He urged companies to prioritise innovation, supply chain diversification, and digital architecture overhauls. Infosys is positioning itself as an AI-native company, training employees and working on numerous generative AI projects while expanding into tier-2 and 3 cities.
Driven by tariffs and government incentives, smartphone exports from India to the US are surging. Motorola, leveraging Indian manufacturing, significantly increased Android phone shipments to the US, capitalizing on tariff advantages over China. Samsung also boosted exports, while Apple remains the largest exporter overall.
2025/06/28 06:40:25
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