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VISAKHAPATNAM: The depression over northwest and adjoining west-central Bay of Bengal and north Andhra Pradesh - south Odisha coasts moved north-north-westwards and crossed South Odisha coast close to Gopalpur during early morning of Tuesday and lay cantered over south coastal Odisha. Weatherman said it was likely to move north-westwards across south Odisha and south Chhattisgarh and weaken into a well-marked low-pressure area during next few hours. Under its influence, thunderstorms accompani ...Read More >
- India's economic growth momentum remains strong and resilient, even in the face of rising US tariffs, according to S&P Global Ratings. In a major vote of confidence, the global rating agency upgraded India's long-term sovereign credit rating from 'BBB-' to 'BBB' with a stable outlook -- marking the country's first upgrade in 18 years. S&P attributed the upgrade to strong domestic demand, fiscal consolidation, and accommodative monetary policy. It forecast India's economy to grow at an average ...Read More >
New Delhi [India], August 14 (ANI): Foreign capital inflows into India are likely to accelerate following S&P recent credit rating upgrade, which is also expected to lower borrowing costs for the country, said Sonal Badhan, Economist at Bank of Baroda (BoB). In both the short and long term, foreign capital inflows can be expected to be impacted positively, as the upgrade reaffirms trust in India ound fundamentals and growth momentum. We are likely to see higher FPI inflows this year and a decli ...Read More >
New Delhi, Aug 14 (PTI) IRB Infrastructure on Thursday posted an over 45 per cent year-on-year (y-o-y) rise in consolidated net profit to Rs 202.4 crore in the June quarter of FY26, supported by higher revenues. The company had logged a net profit of Rs 139.9 crore in the April-June period of the 2024-25 financial year. According to an exchange filing, its total income rose to Rs 2,164.5 crore in the first quarter from Rs 1,971.6 crore in the same period a year ago. Revenue from services was ...Read More >
MUMBAI, Aug 14 (Reuters) - S&P Global Ratings on Thursday upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. Fitch has rated India at 'BBB-' since 2006 while Moody's has had a 'Baa3' rating in place since June 2020. The upgrade follows S&P's decision in May 2024 to revise India's outlook to positive from stable, driven by robust growth an ...Read More >
MUMBAI (Reuters) -S&P Global Ratings on Thursday upgraded India's long-term sovereign credit rating to 'BBB' from 'BBB-', the first upgrade in 18 years, citing strong economic growth, improved monetary policy credibility, and sustained fiscal consolidation. Fitch has rated India at 'BBB-' since 2006 while Moody's has had a 'Baa3' rating in place since June 2020. The upgrade follows S&P's decision in May 2024 to revise India's outlook to positive from stable, driven by robust growth and better ...Read More >
Mumbai, Aug 14 (PTI) Rupee pared initial gains and settled for the day on a negative note, lower by 10 paise at 87.57 (provisional) against the US dollar on Thursday, as it came under pressure due to continued dollar demand from importers. Forex traders said the rupee pared initial gains on positive crude oil prices, dollar demand from importers and foreign fund outflows. Moreover, there is an overall negative bias amid uncertainties over the trade tariff issue between India and the US. At th ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with na ...Read More >
New Delhi, Aug 14 (PTI) S&P on Thursday upgraded India's sovereign credit rating to 'BBB' with a stable outlook after a gap of nearly 19 years, citing robust economic growth, political commitment for fiscal consolidation and 'conducive' monetary policy to check inflation. "India remains among the best performing economies in the world...The quality of government spending has improved in the past five to six years," S&P Global Ratings said. The impact of US tariffs on the Indian economy will be ...Read More >
NEW DELHI: A 50-year-old man died and his daughter was injured on Thursday morning when a tree fell on them while they were riding a motorcycle in southeast Delhi's Kalkaji area amid heavy rainfall in the national capital. According to a senior police officer, around 9:50 am, an old roadside Neem tree suddenly fell in front of HDFC Bank near Paras Chowk, Kalkaji. Two people a motorcycle trapped under it. They have been identified as Sudhir Kumar and his daughter Priya (22). Upon recieving info ...Read More >
New Delhi, Aug 14 (SocialNews.XYZ) Citing economic resilience and sustained fiscal consolidation, global credit ratings agency S&P Global on Thursday upgraded India's long-term unsolicited sovereign credit rating to "BBB" from the earlier "BBB-", ahead of the 79th Independence Day. In a note, S&P Global said the stable outlook reflects continued policy stability and high infrastructure investment, which are set to boost India's long-term growth. "That, along with cautious fiscal and monetary p ...Read More >
New Delhi, Aug 14 (PTI) S&P Global Ratings on Thursday upgraded India's sovereign rating by a notch to 'BBB', citing buoyant economic growth against the backdrop of an enhanced monetary policy environment that anchors inflationary expectations. S&P is the first global rating agency to upgrade India's sovereign rating from the lowest investment grade of 'BBB-'. "India is prioritising fiscal consolidation, demonstrating the government's political commitment to deliver sustainable public finances ...Read More >
Gurugram : JSW MG Motor India today announced that India's best-selling EV, the MG Windsor, has achieved another remarkable milestone. In July, the company set a new record for Windsor sales, selling 4,308 units in a single month. The carmaker has sold nearly 36,000 units of the MG Windsor since its launch. The robust sales performance has helped the company expand its market share in the EV Segment. In Q2 CY'25, the company recorded a 4% increase in market share, rising to 32% from 28% in Q1 C ...Read More >
New Delhi: India's merchandise trade deficit touched $27.35 billion in July as exporters braced for Trump's trade offensive with additional duties set to kick in on 27 August. Merchandise exports were $37.24 billion in July, while imports reached $64.59 billion, provisional data from the commerce ministry showed on Thursday. Indian exporters could be among the hardest hit if US President Donald Trump's proposed additional 25% tariff hike on Indian goods take effect this month, unless a breakth ...Read More >
NEW DELHI - As India and Singapore explore newer areas of cooperation such as nuclear energy and green initiatives, Deputy Prime Minister Gan Kim Yong said the two Asian partners needed to collaborate even more, given the increasingly "volatile landscape" globally. DPM Gan, who was on an official trip to India earlier this week, visited the financial capital Mumbai on Aug 12 to look at Singapore projects. He then led the Singapore delegation at the third edition of the India-Singapore Minister ...Read More >
India's top 10 merchandise export destinations in 2024 list: Together, the top 10 countries notably make up 51% of India's total share of merchandise export percentage in 2023-24, with the US leading at 17.90%, India's top 10 merchandise export destinations in 2024: Amid rising global economic instability, marked by trade conflicts and tariff disputes, India's exports have reached USD 778.21 billion in 2023-24. It saw a historic rise of 67 per cent over the past decade (2013-14), according to ...Read More >
India broadens its export focus to fifty nations, including those in West Asia and Africa. This move aims to lessen dependence on one market. It also seeks to cushion against trade disruptions amid high US tariffs. The government is devising strategies to protect exports from these tariffs. They are also exploring alternative markets and domestic demand to absorb affected goods. India is expanding its export outreach to 50 countries including in West Asia and Africa to reduce reliance on any si ...Read More >
Chief Economic Advisor V Anantha Nageswaran Chief Economic Advisor V Anantha Nageswaran on Wednesday said US tariffs-related challenges will dissipate in the next one or two quarters, and urged the private sector to do more as the country navigates through other longer-term challenges. He attributed the growth slowdown in FY25, which saw a deceleration to 6.5 per cent from FY24's 9.2 per cent, to tight credit conditions and liquidity issues. The right agriculture policies can add 25 per cent t ...Read More >
A PHDCCI study indicates that the US tariffs, expected to take effect on August 7, 2025, will have a limited impact on India's GDP. The study estimates a potential USD 8.1 billion impact on exports, affecting sectors like engineering goods, gems, and garments. PHDCCI recommends measures like market diversification and joint ventures to mitigate the effects. The 25 per cent tariffs on Indian goods announced by US President Donald Trump will have "negligible" impact on the country's GDP as only U ...Read More >
NEW DELHI (Reuters) -U.S. President Donald Trump last Wednesday announced 25% tariffs on Indian imports from August 7 and threatened more penalties over New Delhi's purchases of Russian oil. Below is a timeline of how India, once seen as the frontrunner for a U.S. deal, ended up facing steep tariffs after Trump escalated tensions, and called it a "dead economy." February Modi visits Washington * Indian Prime Minister Narendra agrees to work toward a limited trade deal by fall 2025 with the Un ...Read More >
New Delhi, Aug 6 (PTI) India and the Philippines are taking concrete steps towards launching formal negotiations for a Preferential Trade Agreement, Philippines President Ferdinand Romualdez Marcos Jr said on Wednesday. Addressing the 'India-Philippines CEO Roundtable Meeting', organised by FICCI, here, President Marcos emphasised that the Philippines and India see the PTA as a strategic platform to harness their shared strengths and elevate our economic partnership. "We are working to find co ...Read More >
New Delhi: India's trade resilience remains strong despite the 25% tariff imposed by US President Donald Trump on Indian goods, with the country's broader export base and strong domestic fundamentals helping buffer the shock, industry body PHD Chamber of Commerce and Industry (PHDCCI) said. A white paper released by the industry body estimates that while the tariff will affect around $8.1 billion worth of exports to the US, the overall impact on India's economy is expected to be limited, with a ...Read More >
New Delhi, Aug 4 (SocialNews.XYZ) Following the Supreme Court's sharp observations on Leader of Opposition (LoP) Rahul Gandhi's remarks about the Indian Army and Chinese incursion, BJP IT Cell chief Amit Malviya launched a scathing attack on the Congress MP, calling him "China Guru" and accusing him of repeatedly making "irresponsible statements" that undermine India's national security. On Monday, a Bench of Justices Dipankar Datta and Joymalya Bagchi pulled up Gandhi for his claim that over 2 ...Read More >
Prime Minister Narendra Modi, addressing growing trade friction with the United States, conveyed a strong and unwavering message: India will prioritize the welfare of its farmers, youth, and small industries above all. Against a backdrop of rising global economic instability and a proposed 25% tariff on Indian imports by the U.S., Modi underscored that India's farmers and small businesses remain central to the government's policy. According to Prime Minister Modi, "Our farmers, our small-scale ...Read More >
CHENNAI: Governor R N Ravi, Chief Minister M K Stalin, AIADMK general secretary Edappadi K Palaniswami, and leaders of political parties paid tributes to freedom fighter Dheeran Chinnamalai on his death anniversary on Sunday. "The nation pays humble tribute to the great patriot, visionary leader and fearless commander Dheeran Chinnamalai. With unmatched courage and strategic brilliance, he led relentless campaigns against the oppressive British East India Company, boldly challenging colonial ty ...Read More >
Union Minister of Coal and Mines G. Kishan Reddy, here on Sunday, said Telangana is fast developing into a handloom hub with the proposed Kakatiya Mega Textile Park in Warangal sanctioned by the Centre expected to attract investments worth ₹10,000 crore providing employment to an estimated two lakh persons. The Modi government had also distributed 100 electronic jacquard weaving machines here and helped establish 31 handloom producer companies. Efforts are also on to revive the Himroo fabrics, ...Read More >
Patna: Union agriculture and farmers' welfare minister Shivraj Singh Chouhan on Saturday warned that strict action would be taken against those found selling fertilisers on the black market in Bihar. "They will be sent to jail," he said.Speaking at an event in Patna held to mark the payment of the 20th instalment of the PM Kisan Samman Nidhi Yojana by pm Narendra Modi, Chouhan SAID fertilisers must reach farmers without fail. "If someone is found selling fertilisers on the black market, he shoul ...Read More >
Hyderabad: Union Minister G Kishan Reddy has underlined that the Centre, under Prime Minister Narendra Modi, has actively promoted the textile sector through the 'Make in India' programme and is implementing the '5F' strategy: Farm to fibre, fabric, fashion, and foreign markets. In his speech, after inaugurating a week-long festival to celebrate National Handloom Day on Sunday, he observed that the handloom sector had experienced consistent growth over the past 11 years. According to him, this ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) Indian Ambassador to the United States, Vinay Mohan Kwatra has met US Director of National Intelligence (DNI) Tulsi Gabbard during which both had an "engaging conversation" on various issues of mutual interest. Taking to X, Kwatra on Sunday wrote: Pleasure to meet DNI @TulsiGabbard and her husband @abewilliamsdp. We had an engaging conversation on various issues of mutual interest" Ambassador Kwatra also shared a photograph along with Gabbard and her husband A ...Read More >
Despite US President Trump's "dead economy" remark, international agencies like the IMF project India as the fastest-growing major economy. Experts highlight India's dynamic economy, youthful population, and technological prowess, attracting foreign investment and talent. The IMF commends India's prudent policies and forecasts strong growth for 2025 and 2026, supported by other global institutions. With leading international agencies, including IMF, continuing to project India as the fastest-gr ...Read More >
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