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Mumbai, Apr 1 (PTI) The rupee gained 15 paise to 94.70 against US dollar in early trade on Wednesday, tracking positive cues from domestic equity markets and retreating American currency overseas. The local currency, however, remained under pressure due to higher crude oil prices and sustained withdrawal of foreign funds even as banks moved to cut their net open position in the currency following the RBI mandate, forex traders said. Through its circular dated March 27, 2026, RBI capped the Net ...Read More >
Apple's India journey is accelerating. The company is now a top smartphone player, with record revenues and shipments. Manufacturing in India has surged, making it a key production hub. Apple is expanding its retail footprint with new stores and investing in local operations. This growth signals a strategic long-term commitment, positioning India as a vital market for Apple's future. In the mid-1970s, long before he co-founded Apple, a young Steve Jobs travelled to India in search of spiritual ...Read More >
Nirmala Sitharaman says rupee is "absolutely fine" even as it crosses 95 per dollar, citing strong economic fundamentals and resilience versus peers. Finance Minister Nirmala Sitharaman on Monday said the country's economic fundamentals remain robust, asserting that the rupee is performing "absolutely fine" compared with other emerging market currencies against the dollar. Addressing a supplementary question in the Lok Sabha on the recent weakening of the rupee, Sitharaman highlighted the stre ...Read More >
New Delhi, March 31 (SocialNews.XYZ) The International Monetary Fund (IMF) has said the ongoing US-Israel and Iran war could shape the global economy in different ways -- all roads leading to higher prices and slower growth. The IMF said the war in the Middle East is upending lives and livelihoods in the region and beyond. "It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises. The shock is global, yet asymmetric. Energy i ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Monday said the rupee is "doing fine" when compared with the relative performance of other emerging market currencies against the dollar and that India's economic fundamentals remain strong amid the West Asia war. "India's economy is strong, our fiscal situation is strong, and the entire world is praising our fiscal deficit management. Our foreign exchange reserves remain solid," Sitharaman said in response to a supplementary question raised by ...Read More >
The effective closure from the Iran war of the Strait of Hormuz -- the critical chokepoint for roughly 20% of the world's oil and liquefied natural gas -- is in its fifth week with no clear signs of resolving. For Asia, which buys more than 80% of the crude and LNG that flows through the narrow waterway, the consequences have been swift: severe fuel shortages, export bans, and government budgets stretched to the breaking point. The crisis is forcing Asia to look both backward and forward simult ...Read More >
Mumbai, Mar 30 (PTI) The rupee breached the 95/USD-mark in intra-day trade on Monday before regaining some lost ground to settle at 94.70 against the US dollar, up 15 paise, after Iran war escalation jolted global markets, fuelling rupee volatility and risk-off sentiment. Forex traders said the USD/INR pair witnessed high volatility and swung 165 paise during intra-day trade as the West Asia crisis entered the 31st day keeping energy markets nervous. At the interbank foreign exchange, the rupe ...Read More >
Mumbai, Mar 30 (PTI) The rupee on Monday breached the 95/USD-mark in intra-day trade on Monday and settled at 94.78 (provisional) against the American currency after Iran war escalation jolted global markets, fuelling rupee volatility and risk-off sentiment. Forex traders said the USD/INR pair witnessed high volatility and swung 165 paise during intra-day trade as the West Asia crisis entered the 31st day keeping energy markets nervous. At the interbank foreign exchange, the rupee opened at 93 ...Read More >
New Delhi, Feb 17: Almost 16 per cent of the world's AI talent is of Indian origin, giving India an edge in global AI capability talent, a white paper showed on Tuesday, adding that India is projected to contribute nearly 20 per cent of incremental global GDP growth over the next 15 years. Summit shifts AI narrative towards productivity and inclusion The white paper, launched at the 'India AI Impact Summit 2026' here, marks a strategic effort to shift the national AI narrative from a narrow fo ...Read More >
New Delhi, Feb 17 (SocialNews.XYZ) Almost 16 per cent of the world's AI talent is of Indian origin, giving India an edge in the global AI capability talent, a white paper showed on Tuesday, adding that India is projected to contribute nearly 20 per cent of incremental global GDP growth over the next 15 years. The white paper, launched at the 'India AI Impact Summit 2026' here, marks a strategic effort to shift the national AI narrative from a narrow focus on automation and displacement to one c ...Read More >
Mumbai, Feb 13 (PTI) The rupee depreciated 8 paise to 90.69 against the US dollar in early trade on Friday, pressured by the strengthening of the American currency and a negative trend in domestic equities. Forex traders said a firm dollar limited the upside for emerging-market currencies including the rupee. At the interbank foreign exchange market, the rupee opened at 90.69 against the US dollar, registering a fall of 8 paise over its previous close. On Thursday, the rupee appreciated 17 pa ...Read More >
MUMBAI: The Indian rupee on Tuesday slipped to a fresh all-time low, crossing the 91 mark, making it one of the weakest major currencies globally this year and the weakest in Asia in 2025 so far. The pressure on the currency is being driven by uncertainty around the India-US trade deal, continued foreign institutional investor (FII) outflows and persistent US dollar buying. Over the past 9 trading sessions, the currency has declined from 90 to 91 against the dollar, including a one percent drop ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) India's industrial and warehousing market remained resilient in 2025, with cumulative demand across the top eight markets reaching 26.5 million square feet in the first nine months of the year, reflecting an 11 per cent year‑on‑year increase, a report said on Tuesday. The report from Colliers said that annual demand could reach 30--40 million sq ft, with new supply likely to remain elevated at 35-40 million sq ft in 2025. Third‑party logistics (3PL) players c ...Read More >
Ahmedabad -- Senores Pharmaceuticals Limited today announced that it has entered into a definitive agreement to acquire 100% equity stake in Apnar Pharma Private Limited ("Apnar Pharma"), along with the acquisition of five Abbreviated New Drug Applications (ANDAs), marking a significant milestone in Senores' growth strategy across regulated pharmaceutical markets. Apnar Pharma, incorporated on December 12, 2014, is a privately held pharmaceutical company engaged in the licensing, development, a ...Read More >
MUMBAI - The Indian rupee weakened to a record low for the fourth straight session on Tuesday, weighed down by dollar demand linked to likely maturity of positions in the non-deliverable forwards (NDF) market and continued foreign portfolio outflows. The currency fell to 90.8275, eclipsing its previous record low of 90.7875 hit a day earlier. The rupee has fallen 6 percent against the US dollar so far in 2025, making it one of the worst-performing emerging market currencies, as steep US tariff ...Read More >
India's Regulatory Gauntlet: WhatsApp's High-Stakes Struggle in Its Core Territory In the bustling digital ecosystem of India, where over 500 million users rely on WhatsApp for everything from family chats to business transactions, Meta Platforms Inc. is facing what could be its most formidable challenge yet. The Indian government has issued directives that demand significant operational changes, giving the company just three months to comply. This move underscores the growing tension between g ...Read More >
Mumbai, Dec 5 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said that the policy repo rate will continue to be "low" till the inflation remains benign. Speaking to reporters at the RBI headquarters after announcing a 25 basis points cut in the repo rate to 5.25 per cent, he declined to specify the level to which the repo rate can go to but added that the RBI's inflation estimates point to benign numbers. "Going forward, we expect benign inflation and so if the inflation continues to be ...Read More >
New Delhi, Nov 20 (PTI) Parents and friends of a Class 10 student who ended his life over alleged mental harassment by some teachers staged a protest outside the St Columba's school on Thursday, demanding strict action against the accused teachers and accountability from the private school. There was no immediate reaction from the school administration to the allegations. The victim student's aunt claimed the family had been unaware of the extent of his suffering. "He was depressed for so lon ...Read More >
New Delhi, Nov 20 (SocialNews.XYZ) India on Thursday said that it is looking forward to a successful and productive G20 Leaders' Summit in South Africa's Johannesburg later this week which will also see participation of Prime Minister Narendra Modi. "The summit will be important for India to ensure continuity of its priorities in the G20 after having hosted a very successful presidency in 2023. As you are aware, the G20 has emerged as a premier forum for international economic cooperation as we ...Read More >
New Delhi, Nov 13 (SocialNews.XYZ) India is expected to remain the fastest-growing economy among the G20 nations with a growth rate of 6.5 per cent through 2027, despite the Donald Trump administration's tariff hikes, according to Moody's latest 'Global Macro Outlook report for 2026-27'. The report states that the pace of India's growth will be supported by robust infrastructure investment, strong domestic consumer demand, and export diversification. "Indian exporters, facing 50 per cent US ta ...Read More >
MS Dhoni-backed Finbud Financial Services, a phygital lending enabler, on Friday said it has fixed a price band of ₹140-142 per share for the ₹71.6 crore initial share sale. The initial public offering (IPO) will open for subscription on November 6 and close on November 10. Bidding for anchor investors will open for a day on November 4, Finbud Financial Services said in a statement. The IPO is entirely a fresh issue of 50.48 lakh equity shares, aggregating to ₹71.68 crore at the upper end ...Read More >
BENGALURU: The median pay for engineering and data professionals in India fell by 40% to $22,000 in 2025 from $36,000 in 2024, a report by payroll and compliance platform Deel and equity management platform Carta showed. In contrast, median compensation for similar roles in the US rose to $150,000 from $122,000 during the same period. Product and design roles in India also saw a decline, with median salaries decreasing to $23,000 compared to $138,000 in the US. Gender pay gaps remain starker in ...Read More >
The latest World Economic Outlook (WEO) report suggests that India's domestic strength continues to offset the impact of rising US tariffs and global trade tensions. India's Growth Outlook According to the IMF, the 6.6% forecast reflects strong performance in the first quarter of 2025, which helped neutralise much of the tariff-related impact on exports. However, the figure is 0.2 percentage points lower than the pre-tariff projection made in October 2024. India's economic expansion is expect ...Read More >
India is set to outpace China, which is expected to grow at 4.8%. New Delhi: The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India ...Read More >
NEW DELHI: Indian Prime Minister Narendra Modi may be a no-show at the Oct 26-28 Asean summit, but progress in the review of the Asean-India Trade in Goods Agreement could lead to a much-needed boost in trade after negotiations hit a rough patch earlier in 2025. External Affairs Minister S. Jaishankar will represent India at the East Asia Summit in Kuala Lumpur, while Modi is on the campaign trail in Bihar state ahead of elections. But the Prime Minister, underlining the importance attached to ...Read More >
New Delhi [India], October 25 (ANI): The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India is set to outpace China, which is expecte ...Read More >
BENGALURU :Bank Indonesia (BI) will cut its key interest rate at its fourth consecutive meeting on Wednesday, taking it to 4.50 per cent, as policymakers put greater weight on supporting economic growth despite continued weakness in the rupiah, a Reuters poll of economists showed. Last month, the central bank surprised markets with a rate cut and Governor Perry Warjiyo said it was going "all out" to bolster growth while maintaining financial market stability. The rupiah has regained some groun ...Read More >
"Shortlisted entries will be invited to contribute a chapter to the Casebook on AI Health Use Cases Across the Global South, which is set to be launched at the India-AI Impact Summit 2026 in New Delhi in February," according to a release by the Ministry of Electronics & IT. The IndiaAI Mission, Ministry of Electronics and Information Technology (MeitY), in collaboration with the World Health Organisation (WHO), has announced a global call for abstracts highlighting impactful and scalable applic ...Read More >
Two of the emerging-market giants hardest hit by President Donald Trump's trade wars are deepening their ties in response, betting that a united front will help them endure the US broadsides and find new markets to skirt tariffs. Most Read from Bloomberg Government officials and business executives from Brazil and India are converging this week in New Delhi, seeking to forge new relationships and triple the countries' $12 billion trade partnership as economists warn that Trump's policies could ...Read More >
After months of outflows, FIIs have turned net buyers in October, investing over Rs 3,000 crore in just seven sessions. The shift to inflows has lifted Sensex and Nifty by about 3%, reflecting improved sentiment amid easing India-US trade tensions and supportive domestic policies. After months of relentless selling, foreign institutional investors (FIIs) are turning the tide in October, pumping over Rs 3,000 crore into Indian stocks in just seven sessions. The shift from heavy outflows to fresh ...Read More >
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