Business
Trump’s tariffs have failed US? Govt revenues go up while consumers struggle; here’s what former IMF deputy MD says – The Times of India
US President Donald Trump’s ‘Liberation Day’ tariffs have brought limited tariffs for the United States even after six months of introduction, former IMF deputy managing director Gita Gopinath said.In a post on X, the she explained that while the tariffs have significantly boosted government revenue, the gains have come largely at the expense of domestic firms and households hitting American businesses and consumers.“Raise revenue for the government? Yes. Quite substantially. Borne almost entirely by US firms and passed on some to US consumers,” she noted.Gopinath also warned that the tariffs have contributed to higher prices, burdening households, pointing out that costs have risen in several everyday consumer items. “Raise inflation? Yes, by small amounts overall. More substantially for household appliances, furniture, coffee,” she said.She further added that there are still no signs of improvement in the US trade balance or manufacturing sector, two areas the tariffs were intended to support. Summing up, Gopinath called the overall “score card…negative,” indicating that the policy has failed to meet its broader economic goals while adding inflationary pressures.Donald Trump had imposed massive tariffs on many countries citing trade imbalance and announcing them as a part of efforts to boost American manufacturing and support US workers.The US imposed an additional tariff of 25% on Indian imports to the country on top of an already existing 25% tariff, taking the total amount to 50%.On 26 September, he further announced plans to impose a 100 per cent tariff on branded and patented pharmaceutical products from October 1, 2025, unless the manufacturers set up production facilities in the US, according to ANIMeanwhile, a World Bank report predicts that India will continue to be the world’s fastest-growing major economy. The growth expected to be supported by strong domestic consumption, improved agricultural output and rising rural wages, according to the World Bank’s latest South Asia Development Update.
Business
Silver rate today: Prices climb to Rs 1.57 lakh/kg as global demand drives record rally; what investors need to know – The Times of India
Silver rate today: Silver prices surged for the third consecutive day on Wednesday, gaining Rs 3,000 to trade near a record high of Rs 1,57,000 per kilogram in the national capital amid global uncertainties and the prolonged US government shutdown.The white metal had closed at Rs 1,54,000 per kg on Tuesday and touched Rs 1,57,400 per kg on Monday, according to the All India Sarafa Association, PTI reported. So far in 2025, silver has jumped Rs 67,300, or 75.03 per cent, from Rs 89,700 per kilogram at the end of 2024.Analysts said the rally is being fuelled by rising geopolitical tensions, concerns over the US economy, and strong safe-haven demand.On the Multi Commodity Exchange (MCX), silver futures for December delivery soared by Rs 3,346, or 2.3 per cent, to an all-time high of Rs 1,49,138 per kilogram, while the March 2026 contract rose by Rs 3,160, or 2.14 per cent, to Rs 1,50,675 per kg. Year-to-date, silver futures have surged Rs 61,905, or 70.96 per cent, from Rs 87,233 per kg at the end of 2024.In global markets, spot silver climbed over 2 per cent to $49.07 per ounce, while Comex December futures hit $48.83 per ounce, reflecting robust international demand.“In global markets, gold is trading above USD 4,000-level, backing the narrative that investors are racing toward safe haven asset amid inflation, geopolitical jitters, and volatility in equities,” said Inderbir Singh Jolly, Chief Executive Officer at Wealth and Asset Management at PL Capital, PTI quoted.Net inflows into Indian gold ETFs, which reached $902 million in September, a 285 per cent increase from August, signal strong investor appetite for precious metals, analysts said.“Several Federal Reserve officials are scheduled to speak today, and the release of FOMC minutes may influence the US dollar and bullion trends further,” noted Saumil Gandhi, Senior Analyst at HDFC Securities.
Business
PM Modi Inaugurates Navi Mumbai International Airport – Parking For 350 Aircraft, Spread Over 2866 Acres And More
Mumbai: Prime Minister Narendra Modi inaugurated Phase 1 of Navi Mumbai International Airport (NMIA) on Wednesday, which will be one of India’s most modern and eco-friendly airports. A new greenfield airport, spread over 1,160 hectares, is being developed at a cost of Rs 19,650 crore. The domestic flight operations are expected to commence in the first week of December 2025, followed by international operations in further two months.
The work on one of the airport’s two runways has been completed. All terminals will be connected through an integrated system, providing improved passenger convenience. For passenger convenience, direct check-in at the metro station and baggage service will be provided through the ‘One-Up End-to-End Baggage Facility’ app.
With environmental protection in mind, the airport has placed special emphasis on green energy and water conservation. The terminal will showcase Indian culture through digital art, while artificial intelligence (AI) technology will be used in various operational processes.
To improve connectivity, a new road is being constructed from Atal Setu to Kosthal Road. Metro Line 8 will also be approved soon, connecting both Navi Mumbai and Mumbai airports. Additionally, a water taxi service will be launched soon.
The airport has parking facilities for 350 aircraft and separate taxiways for both runways. The entire project will be completed in four years. The opening of Navi Mumbai International Airport will significantly increase the air traffic capacity of the Mumbai Metropolitan Region and will emerge as a symbol of India’s progressive development.
According to the NMIA fact sheet, the airport will handle 90 million passengers per annum and the cargo of 3.25 million metric tonnes per annum after it is fully completed. The NMIA is spread over 1160 hectares (2866 acres). Phase one facilitates providing 20 million passengers per annum and 0.5 million metric tonnes of cargo capacity. The airport’s ownership is held by Navi Mumbai International Airport Ltd, comprising MIAL (74 per cent) and CIDCO (26 per cent). The Director General of Civil Aviation granted an Aerodrome Licence to NMIA on September 30.
NMIA and Chhatrapati Shivaji Maharaj International Airport together form a multi-airport system for the Mumbai Metropolitan Region, establishing an aviation hub with a combined ultimate passenger capacity of up to 150 million passengers per annum. NMIA will ease congestion and elevate Mumbai into the league of global multi-airport systems.
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
Real estate investors, both individual and institutional, bought one-third of all single-family residential properties sold in the second quarter of 2025. That is an increase from 27% in the first quarter, and the highest percentage in the last five years, according to a report from CJ Patrick Co., using numbers from BatchData, a real estate data provider. Investors accounted for 25.7% of residential home sales in 2024.
While the share of sales is higher, the raw numbers are lower. Investors in the second quarter of this year bought 16,000 fewer homes than a year ago, but home sales overall were much weaker this year than last year. That accounts for the gain in the investor share. Investors continue to own about 20% of the 86 million single-family homes in the country.
A sold sign is posted in front of a home for sale on Aug. 27, 2025 in San Francisco, California.
Justin Sullivan | Getty Images
“While investors purchased more homes than they sold in the second quarter, they did sell over 104,000 homes, with 45% of those sales going to traditional homebuyers,” said Ivo Draginov, co-founder and chief innovation officer at BatchData. “So in addition to the important role investors continue to play providing necessary liquidity to a weak home sales market, they’re also bringing much-needed inventory – both rental properties, and homes for owner-occupants – to the market.”
While large institutional investors continue to get most of the headlines in the single-family rental space, small investors account for more than 90% of the market. These are individuals owning 10 properties or less. The largest investors, those with 1,000 or more properties, make up just 2% of all investor-owned homes.
Unlike individuals, institutional investors are now selling more homes than they buy and have been for six consecutive quarters. The nation’s largest landlords, Invitation Homes, Progress Residential, American Homes 4 Rent and FirstKey Homes, all sold more homes in the third quarter of this year than they purchased, according to an analysis from Parcl Labs.
“They’re not exiting the space, just diverting capital into build-to-rent communities. But this shift means less competition for small investors and traditional homebuyers, while also adding more rental supply, which is needed in today’s market where younger adults often opt to rent since they can’t afford to buy a home,” said Rick Sharga, founder and CEO of CJ Patrick Co.
Looking regionally, Texas, California and Florida have the highest number of investor-owned homes. This is largely because they are also the most populous states. The states with the highest percentage of investor-owned homes are Hawaii, Alaska, Montana and Maine. These are also heavy tourism states.
Investors have always focused on lower-priced homes because those can offer the best profits in resale years later. In the second quarter of this year, investors paid an average of $455,481 per home — well below the national average price of $512,800, according to the CJ Patrick report. It was, however, the highest average investor price in the past six quarters, since home prices overall continue to climb.
Investor homes are typically either smaller or in less expensive housing markets. Large investors bought even cheaper homes than the overall pool, with their average purchase price at $279,889. Their average sale price was $334,787. Institutional investors are concentrated most in the Midwest and South, where prices are below the national average.
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