Day: March 16, 2020

Gold Gets ‘Groove Back’ as Central Banks Seek to Bolster Growth

(Bloomberg) — Gold jumped after the Federal Reserve cut its benchmark interest rate by a full percentage point to near zero, sending U.S. equity futures tumbling, and pointing to another volatile week as markets brace for more moves from the world’s central banks.

Bullion climbed 3% as the U.S. central bank moved to cushion the economy from the fallout of the coronavirus. Prices fell the most since 1983 last week as investors rushed to raise cash to cover losses in other markets, while a stronger dollar also curbed the metal’s appeal.

The Fed announced several other actions, including letting banks

Indo-American trade: FTA talks may start after US elections

Both the countries are also yet to reach a consensus on US’ demand that India scrap an up to 20% duty on seven ICT products, including mobile phones worth over Rs 10,000 and smartwatches.

India and the US will likely explore the feasibility of a full-fledged free trade agreement (FTA) to boost bilateral trade only after the US presidential elections in November, sources told FE. However, a limited deal, based on the convergence so far, may be signed before that. While the quantum of incentives involved in the limited deal is still unclear, it could cover products with a total

Start local, go global: 11 startups in various domains selected for 1-year accelerated incubation programme

Eleven startups have been selected from over 200 entries from across the country in the areas of Artificial Intelligence (AI), Machine Learning (ML), security and platform.

The most important stakeholders in any startup ecosystem are government, academia, industry and investors. Towards this, the Central government’s department of science & technology (DST), Intel India, and Society for Innovation & Entrepreneurship (SINE)-IIT Bombay, have announced the third edition of Plugin, a one-year collaborative accelerator programme for hardware and systems software startups. Eleven startups have been selected from over 200 entries from across the country in the areas of Artificial Intelligence (AI), Machine