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Gurugram (Haryana) [India], 8 April (ANI): The ongoing West Asia conflict has cast a shadow over India's premium and luxury automobile segment even as the broader car market continues to grow, Hardeep Singh Brar, President and CEO, BMW Group India, told ANI on Wednesday. But with a ceasefire now in sight, Brar said the industry could be poised for a swift and strong rebound. Also Read | Nancy Guthrie Missing Case: Tipster Claims Missing Mother of Savannah Guthrie Is in Mexico's Sonora. While I ...Read More >
President Donald Trump announced the U.S. reached a ceasefire with Iran for two weeks, just hours ahead of a deadline Trump imposed. April 8 (Reuters) - U.S. stock index futures climbed on Wednesday as investors breathed a sigh of relief after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume. The announcementcame less than two hours before U.S. President Donald Trump's deadline, in a shar ...Read More >
Gurugram (Haryana) [India], 8 April (ANI): The ongoing West Asia conflict has cast a shadow over India's premium and luxury automobile segment even as the broader car market continues to grow, Hardeep Singh Brar, President and CEO, BMW Group India, told ANI on Wednesday. But with a ceasefire now in sight, Brar said the industry could be poised for a swift and strong rebound. While India's total automobile market has grown by around 17 per cent in the January-March Quarter, the luxury car segmen ...Read More >
BENGALURU: US stock index futures climbed on Wednesday as investors breathed a sigh of relief after the US and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume. The announcement came less than two hours before US President Donald Trump's deadline, in a sharp turnaround from his previous warning of wiping out "a whole civilization" if Tehran did not reopen the Strait of Hormuz, the narrow waterway that ...Read More >
Mumbai, April 3 (IANS) 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 ...Read More >
Mumbai, Apr 7 (PTI) Superstar Salman Khan on Tuesday came out in support of Rajpal Yadav after a joke over the comedian's financial troubles during an awards ceremony stirred up a media storm. Yadav on Sunday night attended the Chetak Screen Awards, where host Saurabh Dwivedi made a remark about the actor's Rs 9 crore cheque bounce case, which led to him being jailed briefly. The clip of the exchange has since gone viral on social media. Khan tagged Rajpal's official handle and said the vetera ...Read More >
Mumbai: The Indian rupee closed stronger on Monday, gaining 14 paise to settle at 93.04 against the US dollar. It opened at 93.13 and moved higher during the day, touching an intraday high of 92.79 before ending slightly lower but still in positive territory. This continues the recent recovery seen in the currency after sharp movements last week. RBI Measures Offer Support The rise in the rupee was mainly supported by steps taken by the Reserve Bank of India to reduce volatility in the forex m ...Read More >
MUMBAI: India's foreign exchange reserves fell sharply by $10.3 billion in the week ended March 27, 2026, taking the total to $688.1 billion, driven largely by a decline in foreign currency assets and gold holdings amid currency market intervention by RBI.The fall was led by foreign currency assets, which dropped by $6.6 billion. These assets, the largest component of reserves, reflect valuation changes in non-dollar currencies such as the euro, pound, and yen, and include the impact of RBI's in ...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, April 3 (SocialNews.XYZ) Japan's Ministry of Foreign Affairs has established a new Japan-India Economic Affairs Division to help Japanese companies invest in India, as part of its strategy to bolster bilateral economic ties. "Through the establishment of the Japan-India Economic Affairs Division, the Ministry of Foreign Affairs of Japan will further make public-private efforts to promote companies' expansion of business and investment from Japan to India and to deepen cooperation in ...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 >
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, 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: Aviation turbine fuel commonly known as jet fuel has crossed the Rs 2 lakh per kilolitre mark in the country, in a first, following a sharp rise in crude oil prices triggered by geopolitical crisis in West Asia. According to industry data, ATF prices saw an unprecedented surge due to disruptions in global energy supply chains and rising benchmark crude prices. The spike is expected to significantly increase operational costs for airlines. The price rise comes amid volatility in glob ...Read More >
Indian Renewable Energy Development Agency (IREDA) has entered into a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise an external commercial borrowing (ECB) amounting to ¥28 billion (~$175.37 million), including a greenshoe option of ¥12 billion (~$75.16 million), to strengthen its funding base and expand lending capacity. The proceeds from the facility will be utilized to support sustainable financing initiatives, in line with the company's focus on renewable energy ...Read More >
Indian Renewable Energy Development Agency (IREDA) share price jumped over 5% to ₹114.89 apiece in Wednesday's trading session after the company reported strong Q4 business update. The company's outstanding loan book reached ₹93,075 crore at the end of the year, marking a 22% increase from ₹76,282 crore reported in the fourth quarter of the prior year. On March 30, IREDA announced that it had entered into a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to secure external c ...Read More >
Indian Renewable Energy Development Agency Limited (IREDA) on March 30 said it has signed a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise external commercial borrowings (ECBs) worth ¥28 billion (JPY). The facility, arranged through SMBC's Singapore branch acting as mandated lead arranger and bookrunner, includes a greenshoe option of ¥12 billion. The borrowing is structured as a five-year unsecured loan, aimed at strengthening IREDA's funding base to support its r ...Read More >
Mumbai: The rupee was the worst performer in Asia against the US dollar in FY26, shows an ET analysis of 10 rival currencies, after the local unit lost 9.88% through a year marked by record exits from Indian equities by overseas investors amid a global scramble for dollar-based assets. Opening the financial year at 85.59 per dollar, the rupee ended at 94.83. Yen Second Worst-performing This is after the local currency touched a record low of 95.22/$ amid consistent dollar demand throughout the ...Read More >
New Delhi: Get ready to pay more for new cars. Come Wednesday, prices of some brands will go up as concerns around supply chain and expensive input costs will see companies raise retail prices. Those looking to immediately raise retail prices include mainstream brands such as Tata Motors and JSW MG, while the luxury brigade of BMW, Audi and Mercedes-Benz will also increase prices, especially as they also factor in the impact of rupee depreciation against the Euro. It is yet not clear whether top ...Read More >
Mumbai, Mar 30 (PTI) The Indian rupee depreciated 9.88 per cent against the US dollar in FY26, marking the sharpest decline against the greenback in 14 years. In FY12, the domestic currency declined by 12.4 per cent against the dollar at a time when the current account deficit had widened to 4.2 per cent. In the current fiscal year, the steep depreciation was driven by persistent foreign fund outflows, elevated crude oil prices, and a strengthening dollar globally. Volatility in global financi ...Read More >
New Delhi: In a move to bolster its funding capacity, IREDA is tapping overseas debt markets, securing long-term financing to support its renewable energy financing operations and future growth plans. IREDA has entered into a facility agreement with Sumitomo Mitsui Banking Corporation, Singapore Branch, to raise External Commercial Borrowings amounting to JPY 28 billion. The funding includes a Green Shoe Option of JPY 12 billion, giving the company flexibility to scale borrowing based on requir ...Read More >
Hyderabad: The depreciation of the Indian rupee against foreign currencies like the US dollar due to the West Asia crisis is stepping up financial pressure on families of Indian students studying overseas, particularly in the United States and Canada. A weaker rupee will make tuition fees and living costs more expensive. Families who had already paid the full course fees earlier are feeling relieved, as they managed to avoid the impact of the weaker rupee. However, those who are paying fees sem ...Read More >
Mumbai, Mar 13 (PTI) India's forex reserves dropped by USD 11.683 billion to USD 716.810 billion during the week ended March 6, the RBI said on Friday. In the previous reporting week, the overall reserves had increased by USD 4.885 billion to an all-time high of USD 728.494 billion. For the week ended March 6, foreign currency assets, a major component of the reserves, decreased by USD 9.880 billion to USD 563.245 billion, according to data released by the central bank. Expressed in dollar te ...Read More >
Indian markets tumbled with Sensex down 522 pts (0.63%) at 84,679 and Nifty 167 pts (0.64%) at 25,860 as rupee breached 91 vs USD. | Image: Republic The Indian stock market faced significant losses amid the rupee falling to record low levels and weak global cues keeping the market under pressure. Indian rupee crossed the 91 mark for the first time, and has lost 1% in the last five trading sessions against the US dollar. Sensex suffered a loss of 0.63% or 522 points at 84,679.86, while the Nift ...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 >
Mumbai (Maharashtra) [India], December 16 (ANI): The Indian stock market faced significant losses amid the rupee falling to record low levels and weak global cues keeping the market under pressure. Indian rupee crossed the 91 mark for the first time, and has lost 1% in the last five trading sessions against the US dollar. Sensex suffered a loss of 0.63% or 522 points at 84,679.86, while the Nifty 50 was down by 0.64% or 167 points at 25,860.10. Among the sectors, Nifty Realty emerged as the t ...Read More >
New Delhi [India], November 16 (ANI): India's foreign exchange reserves declined by USD 2.699 billion in the week that ended November 7 to USD 687.034 billion, driven by a slump in both foreign currency assets and gold reserves, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed. Over the past month, the forex kitty has been in a downtrend, except for one week. Still, the country's foreign exchange (forex) kitty is hovering close to its all-time high of USD 704.89 b ...Read More >
(RTTNews) - Indian shares are likely to open higher on Monday as global trade tensions eased, and soft U.S. inflation data fueled rate cut hopes. U.S. Treasury Secretary Scott Bessent said President Trump's threat of 100 percent tariffs on Chinese goods "is effectively off the table" and that he expects the Asian nation to make "substantial" soybean purchases as well as offer a deferral on sweeping rare earth controls. After two days of talks in Malaysia, a Chinese official said the two sides ...Read More >
New Delhi [India], October 26 (ANI): India's foreign exchange reserves rose by USD 4.5 billion in the week that ended October 17 to USD 702.280 billion, primarily driven by a rise in gold reserves, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement'. The country's forex kitty is hovering close to its all-time high of USD 704.89 billion touched in September 2024. For the reported week, India's foreign currency assets (FCA), the largest component of foreign exchang ...Read More >
Mumbai, Oct 24 (SocialNews.XYZ) India's foreign exchange reserves rose by $4.5 billion to $702.3 billion for the week ended October 17, mainly driven by an increase in the value of gold reserves, according to data released by the Reserve Bank of India (RBI) on Friday. India's gold reserves held by the RBI as part of the country's foreign exchange reserves surged by $6.2 billion to surpass the $108.5 mark for the first time on the back of a sharp rise in the price of the precious metal and incre ...Read More >
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