RBI cuts repo rate by 25 basis points to 6 percent after MPC meeting
Apr 09, 2025, at 10:41 am
Mumbai/IBNS: The Reserve Bank of India (RBI) on Wednesday reduced the key lending rate or repo rate by 25 basis points to 6 percent in a bid to support the demand in the market.
India to fund first set of teams building generative AI models: Ashwini Vaishnaw
Apr 08, 2025, at 10:35 pm
New Delhi: The first round of funding for teams working on India-specific generative AI models will begin shortly, Union Minister for Electronics and IT Ashwini Vaishnaw said on Sunday, adding that the evaluation of applications under the IndiaAI mission is nearing completion.
India overtakes Germany to become world’s third-largest wind and solar power producer
Apr 08, 2025, at 10:01 pm
New Delhi: India has emerged as the world’s third-largest producer of electricity from wind and solar energy, overtaking Germany in 2024, according to the latest edition of Ember’s Global Electricity Review released on Tuesday.
Coal India to pay ₹38,000 cr to states after SC verdict, expects 80% recovery via FSAs
Apr 08, 2025, at 07:34 pm
New Delhi: Coal India will have to shell out around ₹38,000 crore to mineral-rich states over the coming years following a Supreme Court ruling that allowed states to levy taxes on mineral rights and mineral-bearing lands retrospectively, official sources told Financial Express.
Zomato food delivery COO Rinshul Chandra resigns
Apr 08, 2025, at 07:03 pm
Mumbai: Rinshul Chandra, Chief Operating Officer of Zomato’s food delivery vertical, has stepped down from his role, the company said in a regulatory filing with the Bombay Stock Exchange.
JPMorgan CEO warns Trump’s tariffs risk fuelling inflation, triggering recession in US
Apr 08, 2025, at 06:24 pm
New York: JPMorgan Chase CEO Jamie Dimon has warned that US President Donald Trump's tariff strategy could worsen inflation and push the world’s largest economy toward a recession, media reports said.
Hit by 37% tariff, Bangladesh's Yunus offers to buy cotton, farm goods duty-free from US
Apr 08, 2025, at 05:13 pm
Dhaka: Bangladesh has proposed a wide-ranging trade package to the United States, including duty-free access for US agricultural goods such as cotton, in an effort to stave off steep reciprocal tariffs on its own exports, media reports said.
Piyush Goyal hits out at China for 'unfair trade practices', blames UPA for ballooning deficit
Apr 08, 2025, at 04:54 pm
New Delhi: As global tensions rise over a looming trade war triggered by U.S. President Donald Trump’s tariff moves, Union Commerce Minister Piyush Goyal has launched a sharp critique of China, accusing it of gaining economic dominance through "unfair trade practices," according to media reports.
Indian market recovers during early trade, Sensex rises by 1,000 points
Apr 08, 2025, at 10:31 am
The Indian stock market opened in green during early trade on Tuesday, a day after it witnessed a massive fall following US President Donald Trump's reciprocal tariff announcement.
Axis Bank introduces In-App Mobile OTP to enhance digital security
Apr 07, 2025, at 07:01 pm
Private lender Axis Bank has introduced an industry-first ‘In-App Mobile OTP’ feature on its mobile app, ‘open’, to enhance authentication security and protect customers from rising OTP-related frauds and scams.
Indian govt hikes excise duty on petrol, diesel
Apr 07, 2025, at 04:54 pm
The Indian government has hiked the excise duty on petrol and diesel prices by Rs. 2 per litre.
Finance Minister Nirmala Sitharaman to embark on official visit to UK, Austria tomorrow
Apr 07, 2025, at 03:06 pm
Indian Finance Minister Nirmala Sitharaman will embark on an official visit to the United Kingdom and Austria on Tuesday, where she is expected to attend ministerial-level bilateral meetings.
Sensex, Nifty register massive fall during opening trade amid tariff tension
Apr 07, 2025, at 09:54 am
The Indian market plunged in red during early trade, with the Sensex crashing by 3,000 points and Nifty 50 slipping below 21,800 on Monday.
Apr 06, 2025, at 03:35 pm
New Delhi: A semiconductor startup founder has issued a blistering open letter to Commerce Minister Piyush Goyal, hitting out at India’s bureaucratic machinery for blocking genuine deep-tech efforts.
BJP MP slams Zepto CEO's reply to Piyus Goyal's criticism of Indian start ups
Apr 06, 2025, at 01:10 am
New Delhi: BJP MP Praveen Khandelwal came down heavily on Zepto CEO Aadit Palicha’s response to Union Minister Piyush Goyal’s recent remarks on Indian startups, terming it “misplaced and illogical.”
Anand Mahindra sees opportunity for India amid Trump’s tariff storm
Apr 05, 2025, at 11:00 pm
Mumbai: Donald Trump’s sweeping tariff measures have sent ripples through the global economy, hitting Asian nations such as China, India and Vietnam particularly hard.
RBI to soon issue ₹10 and ₹500 notes with new Guv Sanjay Malhotra’s signature
Apr 05, 2025, at 12:20 am
Mumbai: The Reserve Bank of India (RBI) on Friday announced that it will shortly release ₹10 and ₹500 denomination banknotes in the Mahatma Gandhi (New) Series featuring the signature of Governor Sanjay Malhotra.
India’s growth outlook dims after US tariffs; deeper rate cuts likely, say analysts: Report
Apr 05, 2025, at 12:04 am
New Delhi: India’s economic growth in the current financial year could dip by 20 to 40 basis points following fresh tariffs imposed by the United States, potentially prompting the Reserve Bank of India (RBI) to take a more aggressive stance on rate cuts, Reuters reported, citing economists.
India’s forex reserves jump $6.6 billion to hit five-month high
Apr 04, 2025, at 11:51 pm
New Delhi: India’s foreign exchange reserves climbed by $6.6 billion, reaching a five-month peak of $665.4 billion for the week ending March 28, 2025, according to data released by the Reserve Bank of India (RBI) on Friday.
Andhra Pradesh Cabinet clears ₹1.35 lakh crore ArcelorMittal Nippon Steel plant
Apr 04, 2025, at 11:13 pm
Amaravati (Andhra Pradesh): The Andhra Pradesh Cabinet on Thursday approved the establishment of a ₹1.35 lakh crore ArcelorMittal Nippon Steel India (AM/NS India) steel plant, aimed at boosting industrialisation and large-scale employment, PTI reported.
India Fintech Foundation launched as new self-regulatory body for fintech sector
Apr 04, 2025, at 11:06 pm
New Delhi India Fintech Foundation, a newly proposed self-regulatory organisation (SRO) for the fintech sector, was unveiled at the Startup Mahakumbh event in Delhi, media reports said.
WTO, IMF warn US tariffs could trigger trade war, shrink global trade volumes
Apr 04, 2025, at 07:37 pm
New Delhi: The World Trade Organisation (WTO) and the International Monetary Fund (IMF) have sounded the alarm over the latest US reciprocal tariffs, warning that they could destabilise the global trade order and spark a prolonged trade war with major economies such as China and the European Union, The Economic Times reported.
Trump's auto tariffs could add over $30 billion to car prices, cut US sales: Report
Apr 04, 2025, at 12:02 am
Washington DC: Trump’s 25% tariff on auto imports could cost US consumers over $30 billion in higher car prices and reduced sales within the first full year, according to a study by consultancy firm Anderson Economic Group (AEG) released on Thursday.
India tightens steel procurement rules to boost domestic manufacturing
Apr 03, 2025, at 10:50 pm
New Delhi: India has tightened its steel procurement rules to favour domestic manufacturers, as mills struggle with falling iron and steel prices due to a surge in cheaper imports, Reuters reported, citing a government notification.
US stocks plunge as Trump's sweeping tariffs fuel recession fears
Apr 03, 2025, at 10:30 pm
New York: US stock indexes plummeted on Thursday, led by steep losses in heavyweight technology stocks, as President Donald Trump’s extensive tariffs on major trading partners stoked fears of an escalating trade war and a potential global economic recession, Reuters reported.
US reciprocal tariffs: Indian pharma's exemption highlights dependence on generic meds
Apr 03, 2025, at 09:24 pm
New Delhi: The US administration's decision to exempt pharmaceuticals from reciprocal tariffs emphasises the essential role of generic medicines in global healthcare, according to Indian Pharmaceutical Alliance (IPA) Secretary General Sudarshan Jain, reported PTI.
‘Modi spoke about GDP in PPP terms’: Mohandas Pai schools Kerala Congress over PM’s criticism
Apr 03, 2025, at 12:12 am
Former Infosys CFO and Chairman of Aarin Capital, Mohandas Pai, on Wednesday slammed the Kerala Congress for ridiculing Prime Minister Narendra Modi’s 2015 remark about India being an $8 trillion economy.
India’s forex reserves at $658.8 billion, sufficient for 11 months of imports: Sitharaman
Apr 02, 2025, at 11:04 pm
New Delhi: India holds the fourth-largest foreign exchange reserves globally, amounting to $658.8 billion—sufficient to cover 11 months of imports, Finance Minister Nirmala Sitharaman has informed the Rajya Sabha.
Foxconn procures $32M machinery for Apple production in India amid China-related delays
Apr 02, 2025, at 09:19 pm
Bengaluru: Taiwanese electronics giant Foxconn has purchased manufacturing equipment worth $32 million (approximately ₹276 crore) to expand Apple production in India, media reports said.
Hindalco unveils $5.19B investment plan, aims for quadrupled recycling capacity and lower emissions
Apr 02, 2025, at 09:09 pm
Mumbai: Hindalco Industries has outlined a comprehensive growth plan centred on sustainability, recycling, and capital investment, media reports said.