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KOLKATA: India's external debt rose by 1.5%, or $11.2 billion, in the first quarter to $747.2 billion in this fiscal year, central bank data showed. More than 93% of the debt is covered by the country's foreign-exchange stockpile. On a year-on-year basis, external debt increased by 9.6%, from $681.5 billion in the year-ago period. The external debt to GDP ratio, however, moderated to 18.9% from 19.1% three months ago. The ratio of India's international assets to international liabilities also ...Read More >
New Delhi [India], September 30 (ANI): India's external debt stood at USD 747.2 billion at the end of June 2025, marking an increase of USD 11.2 billion over the level recorded at end-March 2025, according to data released by the Reserve Bank of India (RBI) on Tuesday. The data shows that the external debt to GDP ratio moderated slightly to 18.9 per cent at end-June 2025 from 19.1 per cent at end-March 2025. Also Read | School Assembly News Headlines Today, 1 October 2025: Check and Read Impor ...Read More >
New Delhi: Tata Motors' biggest global bet since Jaguar Land Rover (JLR) will be steered by cost savings. Cutting spending on product development, components and research is central to its $4.4 billion acquisition of Italian commercial vehicle maker Iveco, alongside plans to expand into new markets and product segments, the company said, maintaining that the move could unlock a bigger value than even JLR. At a meeting with analysts of India's top brokerage houses on Monday, the management of Ta ...Read More >
Mumbai, September 30: Indian equity markets closed on a cautious note on September 29, with benchmark indices ending flat amid volatility and profit booking. The BSE Sensex slipped 61.52 points to 80,364.94, while the Nifty 50 fell 19.80 points to 24,634.90. Sector-wise, PSU banks led gains with a 1.89% rise, while the Defence index lagged, down 1.20%. We at LatestLY list a few stocks that are expected to remain in focus on September 30, including Mahindra And Mahindra Ltd (NSE: M&M), Indian Rai ...Read More >
New Delhi: Following the announcements of layoffs by IT giants TCS and Accenture, the aviation industry has now faced a major setback. Germany's renowned airline group, Lufthansa, announced on Monday, 29 September 2025, that it will lay off 4,000 employees at the administrative level by 2030. This move, taken in the name of promoting digitalisation and automation, is worrying news for millions of employed people. Lufthansa has faced persistent cost pressures and labour disputes over the past fe ...Read More >
Sept 29 (Reuters) - Tata Steel (TISC.NS), opens new tab has signed a non-binding pact with the government of Netherlands to transition to low-carbon emission steel production at its IJmuiden plant, the Indian steelmaker said on Monday. The plant is among the largest polluters in the country and Tata has been in talks with the Dutch government for months over subsidies to help it clean up production processes. The government intends to provide up to 2 billion euros ($2.35 billion) under the pac ...Read More >
Chennai: Mahindra and Mahindra (M&M) has entered into a share purchase agreement (SPA) with Turkish company Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA). As part of the SPA, M&M has agreed to sell its entire stake in its wholly-owned Finnish subsidiary Sampo Rosenlew Oy to TERA for around Rs 52 crore or euro 5 million. "Consequent to completion of the aforesaid transaction, Sampo would cease to be a wholly owned subsidiary of the company," said M&M in an official statement. "This divesti ...Read More >
New Delhi, Sep 29 (PTI) Drug maker Lupin on Monday said its subsidiary has inked a pact to fully acquire Amsterdam-headquartered VISUfarma BV at an enterprise value of 190 million euros. The company's wholly-owned subsidiary, Nanomi BV has signed a definitive agreement for the acquisition of VISUfarma BV, a portfolio company of global healthcare specialist investor GHO Capital Partners LLP, the Mumbai-based drug maker said in a statement. The acquisition of VISUfarma, with its broad portfolio ...Read More >
Mumbai: India's forex reserves dropped by $396 million to $702.57 billion for the week ended September 19, according to the RBI data. In the previous reporting week, the overall reserves had jumped by $4.698 billion to $702.966 billion. For the week ended September 19, foreign currency assets, a major component of the reserves, decreased by $864 million to $586.15 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciati ...Read More >
The dip marks a reversal from last week. Reserves had risen by $4.698 billion to $702.966 billion in the week ended Sept 12. India's foreign exchange reserves fell by $396 million to $702.57 billion for the week ended September 19, according to Reserve Bank of India (RBI) data released on Friday. In the previous week, reserves had risen by $4.698 billion to $702.966 billion. Foreign currency assets, the largest component of the reserves, declined by $864 million to $586.15 billion. The figure ...Read More >
Mumbai, Sep 26 (PTI) India's forex reserves dropped by USD 396 million to USD 702.57 billion for the week ended September 19, according to the RBI data. In the previous reporting week, the overall reserves had jumped by USD 4.698 billion to USD 702.966 billion. For the week ended September 19, foreign currency assets, a major component of the reserves, decreased by USD 864 million to USD 586.15 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets ...Read More >
India signed a 623.70 billion rupee ($7 billion; €6 billion) contract with national aircraft manufacturer Hindustan Aeronautics (HAL) on Thursday to modernize its armed forces. The deal involves the acquisition of 97 Tejas Mk-1A fighter jets that would be made in India. "This contract reflects the trust and confidence of the government and the armed forces in the indigenously developed aircraft Tejas, which will be the mainstay of the [Indian Air Force] in the years to come," wrote India's Def ...Read More >
New Delhi: Former French President Nicolas Sarkozy was handed a five-year prison sentence on Thursday over allegations that he solicited campaign funds from ex-Libyan leader Muammar Gaddafi during his 2007 presidential run. The court acquitted him of three additional charges, including passive corruption, illegal campaign financing and concealment of embezzled public funds, according to the Associated Press. Sarkozy, 70, appeared in court alongside his wife, singer and model Carla Bruni-Sarkozy ...Read More >
MUMBAI: Standard Chartered India CEO P D Singh sees the India-Middle East trade corridor as a promising one for adoption of rupee invoicing, even though it's a gradual shift. "It is picking up in Middle Eastern corridors and could expand in future, much like how Chinese yuan invoicing became common in solar equipment trade," he said, adding that the move was steady but not yet large-scale.Govt and RBI have been working on internationalisation of the rupee to protect forex reserves and ensure ene ...Read More >
NEW DELHI: EC on Thursday revised the rules relating to counting of postal ballots, making it mandatory for all postal ballot papers to be counted before the penultimate round of EVM/VVPATs counting is taken up.The new practice will be first implemented in Bihar where assembly polls are due in Nov.This restores the arrangement prior to May 2019, when EC had changed the guidelines to allow EVM counting to proceed regardless of postal ballot counting stage. The 2019 change did not rule out chances ...Read More >
CHENNAI: TVS Motor Company has announced the establishment of its global centre of excellence (CoE) for design and engineering in Bologna, Italy. As part of this initiative, TVS Motor has agreed to acquire 100% ownership of Italian automotive design company Engines Engineering. The company said in its stock market notification that it has acquired 100% of Engines Engineering - 1 million equity shares at about 5 euors per share - for a cash consideration of 5.1 million euros (nearly $6 million). ...Read More >
New Delhi: US President Donald Trump has demanded that NATO and EU member states impose tariffs of up to 100 percent on China and India. The goal, he said, is to pressure Russian President Vladimir Putin to end the war in Ukraine. Trump, who pledged to resolve the conflict "on day one" of his presidency, raised the proposal during a meeting with European Union officials last Tuesday. The measure is seen as a way to accelerate negotiations between Moscow and Kyiv. The Financial Times first repo ...Read More >
New Delhi, Sep 15 (PTI) Luxury carmaker Mercedes-Benz is looking to increase prices early next year in order to offset the impact of a weakened rupee against the euro, according to the company's MD and CEO Santosh Iyer. The automaker has already increased prices by around 3.5-4 per cent this year. "We are still priced around 93-94 to the euro, and the euro today is at 103 level, which means we will be forced to take further price increases, maybe early next year," Iyer told PTI in an interacti ...Read More >
MUMBAI: After a slow August and a muted September so far, the IPO market is gearing up for a busy week, reminiscent of July, which saw record collections of over Rs 27,000 crore. This week, 13 companies are expected to launch their primary issues, aiming to raise nearly Rs 8,700 crore. Had Tata Capital proceeded with its mega issue of around Rs 18,000 crore as mandated by the Reserve Bank, September would have set a new record. So far, the month has seen only six mainboard issues, but the comin ...Read More >
New Delhi: The coming week promises to be busy for IPO investors, with two mainboard issues and three SME offerings opening for subscription, alongside 11 listings lined up across exchanges. Mainboard IPOs Euro Pratik Sales IPO: Decorative wall panel maker to launch a Rs 451.31 crore OFS issue from September 16-18, priced at Rs 235-247. Minimum bid size: 60 shares (Rs 14,820). Allotment on September 19, listing on September 23 (BSE, NSE). VMS TMT IPO: Gujarat-based steel bar producer to raise ...Read More >
New Delhi [India], September 14 : India's foreign exchange reserves rose by USD 4.038 billion in the week that ... New Delhi [India], September 14 : India's foreign exchange reserves rose by USD 4.038 billion in the week that ended September 5 to USD 698.268 billion, driven largely by a rise in gold reserves, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement.' The country's foreign exchange (forex) kitty is hovering close to its all-time high of USD 704.89 billi ...Read More >
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India is set to roll out Goods and Services Tax (GST) reforms later this month. While the new rates have made the middle class happy, food delivery through online aggregators â€" which has become ubiquitous â€" could get costlier as GST 2.0 becomes effective. India has got its new Vice-President. CP Radhakrishnan, the candidate proposed by the National Democratic Alliance (NDA), has won the elections and taken the oath. New Delhi is making efforts to extradite the fugitive diamantaire Mehul Ch ...Read More >
Euro Pratik Sales has announced a price band of Rs 235-247 apiece for its IPO, opening on September 16. The issue will close on September 18. Investors can bid for a minimum of 60 shares and in multiples thereafter. The IPO is entirely an OFS of up to Rs 451 crore by promoter and promoter group selling shareholders. The offer also includes a reservation for eligible employees applying in the employee reservation portion. The Mumbai-based company operates on an asset-light business model, with a ...Read More >
NEW DELHI: India and the European Union are well on track to meet their year-end deadline for concluding free trade agreement negotiations, with both sides expressing confidence about the partnership's mutual benefits, senior officials said on Friday. Union commerce minister Piyush Goyal said India would benefit from Europe's "technology and innovation", while the EU would gain from India's "growth story, scale, and resilience" as the 13th round of FTA talks continued in New Delhi. "Both India ...Read More >
The Delhi Metro Rail Corporation has partnered with Alstom Transport India Limited to enhance the operational efficiency of the Red and Yellow Lines. The six-year contract aims to improve reliability through better onboard spares and fault analysis using advanced data logging. The Delhi Metro Rail Corporation (DMRC) is set to elevate its service standards for its Red and Yellow Lines through a newly signed agreement with Alstom Transport India Limited. The deal aims to ensure the reliability an ...Read More >
New Delhi, Sep 12 (UNI) The European union and India are maximising their efforts to finalise negotiations on the FTA by the end of the year, said Maroš Šefčovič, EU Commissioner for Trade and Economic Security here today. Addressing the 65th Annual Session of the Automotive Components Manufactures Association of India, alongside Commerce Minister Piyush Goyal, Sefkovic said he has been working intensively with Minister Goyal, alongwith their teams, "to make progress on a groundbreaking Free Tr ...Read More >
New Delhi, Sep 12: India's foreign exchange reserves increased by $4.03 billion to touch $698.26 billion for the week ending September 5, according to data released by the Reserve Bank of India (RBI) on Friday. This comes after reserves had already risen by $3.51 billion in the previous week, taking the total to $694.2 billion as of August 29. Foreign Currency Assets Increase The RBI data showed that foreign currency assets (FCAs), the largest part of the reserves, went up by $540 million to ...Read More >
New Delhi, Sep 12 (PTI) French major Alstom on Friday said it has been awarded 10 years contract worth 42.09 million euros by the Delhi Metro Rail Corporation (DMRC) for comprehensive annual maintenance of Bombardier-make metro trains, associated machines and plants at Badli depot. Alstom in a statement said under this contract, it will undertake comprehensive annual maintenance to ensure high performance, reliability, and safety of the fleet. The scope of work includes scheduled and correctiv ...Read More >
Mumbai, Sep 5 (PTI) India's forex reserves jumped by USD 3.51 billion to USD 694.23 billion for the week ended August 29, the RBI said on Friday. The overall reserves had dropped by USD 4.386 billion to USD 690.72 billion in the previous reporting week. For the week ended August 29, foreign currency assets, a major component of the reserves, increased by USD 1.686 billion to USD 583.937 billion, the latest data showed. Expressed in dollar terms, the foreign currency assets include the effect ...Read More >
New Delhi: Amid trade war with the US, Germany believed that India can play an important role in restoring peace in Europe. German Foreign Minister Johann Wadephul, who arrived in Delhi on a two-day visit to India had a deep discussion on global challenges and expressed confidence in doubling the trade between India and Germany. Wadephul said that a free trade agreement between India and the European Union could be reached in the coming months. Without naming the US, he said, "If other countrie ...Read More >
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