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Mumbai: Heightened uncertainty transmitting from the West Asia crisis into India's growth and inflation outlook may compel the Monetary Policy Committee (MPC) of the Reserve Bank of India to hold the benchmark repo rate to 5.25 per cent next week and maintain a neutral stance. The three day policy meeting of the MPC (RBI's rate setting panel) will begin on April 6. Experts also do not expect the central bank to announce any measures for either liquidity or currency management as the central bank ...Read More >
New Delhi, Apr 3 (PTI) Home-grown FMCG major Dabur expects its consolidated revenues to grow in mid-single digits in the March quarter of FY26, led by a sequential recovery in the domestic market and double-digit growth from the international market. Besides, the company expects its operating profit to grow ahead of the topline, said Dabur in an update for the quarter ended March 31, 2026. The March quarter witnessed "steady momentum" in the domestic India business, underpinned by a stable mac ...Read More >
NEW DELHI, April 3 (Xinhua) -- India's foreign exchange (forex) reserves fell by 10.288 billion U.S. dollars to 688.058 billion dollars during the week ended March 27, according to the weekly bulletin released by the country's central bank, the Reserve Bank of India (RBI), on Friday. This was the fourth consecutive week when India's forex reserves had fallen. Over the past four weeks, the country's forex reserves have fallen by over 40 billion dollars. According to RBI data, the foreign curren ...Read More >
NEW DELHI, April 3 (Xinhua) -- India's foreign exchange (forex) reserves fell by 10.288 billion U.S. dollars to 688.058 billion dollars during the week ended March 27, according to the weekly bulletin released by the country's central bank, the Reserve Bank of India (RBI), on Friday. This was the fourth consecutive week when India's forex reserves had fallen. Over the past four weeks, the country's forex reserves have fallen by over 40 billion dollars. According to RBI data, the foreign curren ...Read More >
Kolkata: India's foreign exchange reserve has depleted by another $10.288 billion in the week to March 27 as the Reserve Bank of India is said to be using its dollar stockpile to reduce volatility of the local currency, which is the worst performing this year among Asian peers. The reserves fell to $688.058 billion, the central bank said Friday. Another $11.413 billion was wiped out from the stock in the preceding week. There has been a steady depletion in the reserves ever since the West Asia ...Read More >
Mumbai: A recent report by HSBC has warned that if crude oil prices remain above USD 100 per barrel, India's inflation could rise beyond 6 percent. This level is the upper limit of the Reserve Bank of India's (RBI) comfort range. According to HSBC economists, if oil prices stay below USD 100 on average, inflation may remain under control. However, if prices stay higher for a longer period, inflation pressure will increase sharply. Risk of Interest Rate Hikes If inflation crosses 6 percent, th ...Read More >
Mumbai, Apr 3 (PTI) India's forex reserves dropped by USD 10.288 billion to USD 688.058 billion during the week ended March 27, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the overall reserves had declined by USD 11.413 billion to USD 698.346 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year, before the onset of the West Asia conflict. The rupee has come under pressure since the start of t ...Read More >
NEW DELHI: A US-sanctioned tanker carrying Iranian crude oil rerouted mid-voyage from India to China, with payment-related issues appearing to be the main reason behind the change in declared destination.The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, had earlier indicated Vadinar in Gujarat as its destination. If the cargo had reached India, it would have marked the country's first Iranian crude purchase in nearly seven years.According to ship-tracking firm Kpler, ...Read More >
New Delhi: The Indian rupee depreciation post February 27 is, in fact, in line with other currencies, and better than currencies which appreciated significantly in the earlier period (April 2, 2025 to February 27, 2026), indicating that in an uncertain world pushing the limits on rupee depreciation as a shock absorber does not hold beyond an inflection point, according to SBI Research. Interestingly, the Indian rupee depreciated by 6.4 per cent between April 2, 2025 to February 27, 2026. At the ...Read More >
New Delhi, March 31: India's foreign‑exchange reserves of over $700 billion are large enough to deter speculative moves and allow the Reserve Bank of India to intervene to stabilise the rupee, a report said on Tuesday. The report from SBI Research said current reserve levels are equivalent to more than 10 months of imports and that short‑term debt is below 20 per cent of reserves, providing room and time to intervene in the market to prop up the rupee if it is so desirable. The research firm ...Read More >
New Delhi, April 3 (SocialNews.XYZ) The Indian rupee depreciation post February 27 is, in fact, in line with other currencies, and better than currencies which appreciated significantly in the earlier period (April 2, 2025 to February 27, 2026), indicating that in an uncertain world pushing the limits on rupee depreciation as a shock absorber does not hold beyond an inflection point, according to SBI Research. Interestingly, the Indian rupee depreciated by 6.4 per cent between April 2, 2025 to ...Read More >
The safe-haven asset gold has been subjected to a volatile cycle of highs and lows in recent times. While it declined on Monday, the yellow metal prices have rallied on Tuesday, March 31. In India, the gold prices for 24 karat gold per gram rose by Rs 103 to Rs 14,929, Rs 13,685 per gram for 22 karat gold, signalling a surge by Rs 95. Meanwhile, the prices for 18 karat gold surged by Rs 78 to Rs 11,197. The MCX remained closed for the morning session on Tuesday on account of 'Mahavir Jayanti', ...Read More >
NEW DELHI: Economists on Friday said they do not expect any change in repo rate or stance this time amid geopolitical tensions, as the Reserve Bank of India (RBI) gears up for its monetary policy committee (MPC) meeting next week. According to them, the tone will be cautious and what will be eagerly awaited is RBI's forecast of GDP and inflation under the prevailing uncertainty. "We do not expect any measures for either liquidity or currency management as RBI will do whenever required as we ha ...Read More >
New Delhi, April 3: Global crude oil prices rose on Friday after US President Donald Trump warned of possible military strikes on Iran within two to three weeks, stoking fresh concerns over supply disruptions from the West Asia region. Brent crude futures traded at $109.24 per barrel, up 8 per cent, while US West Texas Intermediate (WTI) futures were at $111.54 per barrel by 3:39 am (local time). Till Friday, US WTI futures jumped 11.94 per cent from the previous Friday's close during the week, ...Read More >
Urges cash conservation, tighter project timing, cost control and employee support Tata Sons chairman N Chandrasekaran has cautioned group CEOs and managing directors to prepare for a tougher business environment, warning of a demand slowdown, project delays driven by supply chain disruptions, and rising costs linked to oil prices, currency movements and logistics pressures as the conflict in West Asia continues, according to sources. The message was delivered at a review meeting with over 30 ...Read More >
New Delhi, April 3 (SocialNews.XYZ) Economists on Friday said they do not expect any change in repo rate or stance this time amid geopolitical tensions, as the Reserve Bank of India (RBI) gears up for its monetary policy committee (MPC) meeting next week. According to them, the tone will be cautious and what will be eagerly awaited is RBI's forecast of GDP and inflation under the prevailing uncertainty. "We do not expect any measures for either liquidity or currency management as RBI will do w ...Read More >
New Delhi: Economists on Friday said they do not expect any change in repo rate or stance this time amid geopolitical tensions, as the Reserve Bank of India (RBI) gears up for its monetary policy committee (MPC) meeting next week. According to them, the tone will be cautious and what will be eagerly awaited is RBI's forecast of GDP and inflation under the prevailing uncertainty. "We do not expect any measures for either liquidity or currency management as RBI will do whenever required as we ha ...Read More >
New Delhi, April 3 (SocialNews.XYZ) Global crude oil prices rose on Friday after US President Donald Trump warned of possible military strikes on Iran within two to three weeks, stoking fresh concerns over supply disruptions from the West Asia region. Brent crude futures traded at $109.24 per barrel, up 8 per cent, while US West Texas Intermediate (WTI) futures were at $111.54 per barrel by 3:39 am (local time). Till Friday, US WTI futures jumped 11.94 per cent from the previous Friday's close ...Read More >
MUMBAI: Indian equity markets closed lower for the sixth consecutive week amid escalating geopolitical tensions in West Asia and sharp currency fluctuations, with both headline indices ending in the red during a shortened four-day trading week. Sensex ended at 73, 319.55 on Thursday, down 263.67 points or 0.35 per cent, compared to the previous Friday's close. Nifty 50 settled at 22, 713.10, a decline of 106.50 points or 0.46 per cent on a week-on-week basis. In the final session of the week, ...Read More >
Mumbai, April 3 (SocialNews.XYZ) Indian equity markets closed lower for the sixth consecutive week amid escalating geopolitical tensions in West Asia and sharp currency fluctuations, with both headline indices ending in the red during a shortened four-day trading week. Sensex ended at 73,319.55 on Thursday, down 263.67 points or 0.35 per cent, compared to the previous Friday's close. Nifty 50 settled at 22,713.10, a decline of 106.50 points or 0.46 per cent on a week-on-week basis. In the fina ...Read More >
NEW DELHI: Tata Sons chairman N Chandrasekaran has asked over 30 CEOs and managing directors of group companies to brace for a tougher business environment, as the war in West Asia is disrupting supply chains, sources said.At a review meeting on the war's implications on Thursday, Chandrasekaran told top executives that more than 10,000 Tata employees are based in the region, including those from Voltas, TCS, Indian Hotels, and Titan (including Damas), and outlined steps to facilitate their retu ...Read More >
MUMBAI: The rupee recorded its strongest recovery in 13 years, rising 173 paise to close at 93.1 from Tuesday's 94.83, after RBI tightened rules to curb speculative bets and forced a sharp unwinding of dollar positions.However, with a fresh round of US bombing in Iran post market hours, which resulted in global oil prices surging further, dealers are wary of a fresh wave of volatility when forex markets open next week.Thursday's rebound followed a series of regulatory steps aimed at squeezing sh ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ripple is taking a major step toward bridging traditional finance and blockchain technology with the introduction of a new system designed specifically for corporate finance teams. The move signals a growing push to integrate digital assets into everyday business operations, allowing companies to manage payments, liquidity, and treasury functions within a unified framework. Rippl ...Read More >
Mumbai, April 2: The rupee logged one of its steepest single-day gains in many years and settled 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets. The domestic unit, however, remained under pressure due to the unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation, forex analysts said. At the interbank fo ...Read More >
Ahmedabad: With a fast-rising presence of IFSC banking units (IBUs) in GIFT IFSC, the size of the banking assets has increased sevenfold in five years, according to data by GIFT City. The country's first International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City) saw banking assets crossing $106.7 billion as of Feb 2026, marking a sevenfold jump from $14 billion in Sep 2020.A key infrastructure boost came with the launch of the foreign currency settlement system ...Read More >
Members of the Border Guard Bangladesh (BGB) have arrested an Indian national along with diamonds and foreign currencies worth over Tk6.62 crore during a special drive in Jashore. According to a BGB press release, a patrol team from Jashore Battalion (49 BGB) conducted the operation in the Notunhat area on the Jashore-Jhikargacha Highway based on confidential information. During the operation, they detained Sujauddin, 52, and seized 155.76 grammes of diamonds, estimated to be worth Tk6,61,39,5 ...Read More >
The automotive business accounts for 40% of the company's revenue, and it is now sharpening its focus on lightweighting and NVH solutions, aligning with India's shift to electric mobility Germany-based Freudenberg Group's Indian arm is sharpening its focus on the electric mobility transition, with strategic emphasis on lightweighting and advanced noise, vibration and harshness (NVH) solutions. This move aligns with the Indian auto industry's transition towards new energy vehicles (NEVs). Freud ...Read More >
Mumbai, April 3 (SocialNews.XYZ) Police have recovered a large cache of illegal arms and fake currency from a concealed location in Maharashtra's Dombivli area of Thane district and arrested a 55-year-old man in connection with the case, officials said on Thursday. The accused has been identified as Surendra Pandurang Patil. He was apprehended by the Kalyan Unit-3 of the Thane Crime Branch following a tip-off, police said. According to officials, the raid was conducted in Dombivli East's Davdi ...Read More >
Foreign investors are withdrawing from Indian equities due to global risk aversion amid West Asia tensions, but India's domestic strength remains solid. Ross Maxwell of V T Markets highlights that the retreat reflects a risk-off strategy rather than concerns about India's economic fundamentals, with geopolitical developments impacting investor sentiment. Global investors are retreating from Indian equities, driven by increasing global uncertainties and a 'risk-off' mindset amid ongoing West Asi ...Read More >
Mumbai: The Indian rupee appreciated 173 paise on Thursday, its best single-day gain in 13 years, after fresh steps by the Reserve Bank of India (RBI) aimed at curbing speculative activity boosted sentiment in the currency market. The rupee's appreciation came even as crude oil prices rose over 5 per cent during the day after US President Donald Trump vowed to strike Iran very hard over the coming two to three weeks, renewing prolonged oil supply disruption risks. At the interbank foreign excha ...Read More >
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