India's wholesale inflation fell to -0.58% in July from -0.13% in June, marking a continued disinflationary trend, helped by a strong spring harvest despite uneven monsoons. Retail inflation also cooled to 1.55%, an 8-year low, falling below the RBI's 2-6% target band for the first time in over six years. India's wholesale inflation edged down to -0.58% in July from -0.13% in June, as per government data released on Thursday. A Reuters poll of economists had projected wholesale price index (WP...Read More
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk an...Read More
Mumbai: Recent declines in India's forex stockpile signal significant home-and-away central bank interventions in the past fortnight, estimated by some to be worth about $5-$6 billion in the offshore rupee market, to curb excessive depreciation of the local currency, bank treasury officials told ET. Market participants point to at least two instances of the Reserve Bank of India's (RBI) likely presence in the offshore non-deliverable forwards (NDF) market, particularly around 9 am, just before ...Read More
MUMBAI: The Indian stock market opened in the green on Monday, led by gains in auto and metal stocks, amid mixed global cues. At 9.29 am, Sensex was up 221 points or 0.28 per cent at 80, 821 and Nifty was up 82 points or 0.33 per cent at 24, 647. In the opening trading session, auto and metal were leading the market, advancing 0.93 per cent and 1.07 per cent respectively. The Nifty Bank edged up 0.13 per cent, to 55, 688 points. Midcap and smallcap stocks saw buying activity. Nifty midcap 100...Read More
MUMBAI: After the transfer of Mahadevi, an elephant belonging to a Jain shrine in Kolhapur, to Vantara, an animal rescue and rehabilitation initiative by the Reliance Foundation in Jamnagar, those who were unwilling to let go staged a march on Sunday. Thousands of locals and leaders from the ruling Mahayuti alliance in Kolhapur marched for 45 km from the shrine to the collector's office, demanding that Mahadevi be brought back, following which CM Devendra Fadnavis said he would hold a meeting on...Read More
MUMBAI (Reuters) -The rupee is likely to stay under pressure this week as concerns over steep U.S. tariffs on Indian exports linger, while the Reserve Bank of India's upcoming policy decision also looms large over the currency and government bonds. The rupee closed at 87.54 against the U.S. dollar on Friday, down 1.2% for the week, pressured by persistent foreign portfolio outflows and a 25% levy on Indian exports. While the local unit is hovering near its weakest level since February, fresh tar...Read More
Mirroring the equity market sentiment, Gold October futures on MCX traded weak on Friday, hovering around Rs 98,460 per 10 grams, down Rs 309 or 0.31%, amid profit booking. Meanwhile, Silver September futures also edged lower by Rs 174 or 0.16% to Rs 1,09,798 per kilogram. On Thursday, both gold and silver closed weaker in domestic and international markets. Gold October futures settled at Rs 98,769 per 10 grams, down 0.22%, while Silver September futures ended at Rs 1,09,972 per kg, slipping ...Read More
New Delhi, Aug 3 (SocialNews.XYZ) With the income tax return (ITR) filing date extended to September 15, taxpayers have more time to decide whether to choose the old or new tax regime. Salaried employees or pensioners without business income can change their tax regime at any time prior to filing their ITR every year by simply selecting the relevant option on the ITR-1 or ITR-2 form. With commercial or professional income, the regulations are stricter. Only once in your lifetime may you return...Read More
Mumbai, Aug 3 (PTI) The Reserve Bank is likely to hold the key short-term lending rate at 5.5 per cent in its upcoming bi-monthly monetary policy on Wednesday after three back-to-back reductions, notwithstanding the headwinds to near-term economic growth in the wake of elevated US tariff uncertainties and subdued inflation trends, according to experts. However, some experts opined that the central bank may go for another round of rate cuts as challenges to the growth outlook outweigh potential ...Read More
New Delhi, Aug 3 (PTI) Gold is likely to trade with a positive bias in the coming week, supported by rising expectations of interest rate cuts by the Federal Reserve, fresh volatility due to the US administration's aggressive trade stance, and continued safe-haven demand amid a softening dollar, analysts said. Investors will monitor PMI data from the EU and the UK this week, along with speeches by US Fed officials. The US jobless claims data will also be tracked for cues on the Fed's interest r...Read More
New Delhi, Jul 20 (PTI) Fundraising through initial public offerings (IPOs) rose to Rs 45,350 crore in the first half of 2025, marking a 45 per cent increase from a year ago, despite global trade headwinds, geopolitical conflicts, and macroeconomic concerns. However, the number of IPOs declined to 24 during the period under review from 36 in the January-June period of 2024, indicating a rise in the average size of public issues. Going forward, the IPO market is expected to remain cautiously op...Read More
New Delhi, Jul 20 (PTI) Fundraising through initial public offerings (IPOs) rose to ₹45,350 crore in the first half of 2025, marking a 45 per cent increase from a year ago, despite global trade headwinds, geopolitical conflicts, and macroeconomic concerns. However, the number of IPOs declined to 24 during the period under review from 36 in the January-June period of 2024, indicating a rise in the average size of public issues. Going forward, the IPO market is expected to remain cautiously opti...Read More
New Delhi, Jul 20 (PTI) Gold prices are likely to remain range-bound in the coming week as investors await clarity on global trade negotiations, upcoming US macroeconomic data and signals from the Federal Reserve, analysts said. Traders will closely watch Fed Chair Jerome Powell's speech and global PMI data from major economies, including the US, UK and Eurozone. The European Central Bank's interest rate decision will also be closely tracked for cues on the bullion price trajectory, they said....Read More
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Chainlink is entering a pivotal moment in its market cycle, with bullish sentiment returning after a prolonged period of underperformance. Since late June, LINK has surged over 70%, marking its strongest rally in months and reigniting investor confidence. The price action signals that this could be more than just a relief bounce -- it may be the start of a broader recovery trend. ...Read More
New Delhi [India], July 19 (ANI): Indian Initial Public Offering (IPO) activity in the first half of 2025 recorded 108 deals raising USD 4.6 billion, demonstrating market resilience despite a 30 per cent decline in transaction volume compared with the previous period, according to a report compiled by EY. According to the report, fundraising proceeds declined only marginally by 2 per cent, indicating that while fewer companies accessed public markets, the quality and scale of offerings remained...Read More
Securities and Exchange Board of India (SEBI) may impose higher additional margins for electricity futures in times of high volatility , said Tuhin Kanta Pandey, Chairperson of Securities and Exchange Board of India (SEBI) at the launch of Monthly Electricity Futures here on Friday. "Electricity has been categorised as a high volatile commodity, thereby attracting a high initial margin requirements. This will discourage undue speculative activity. Additional margins may be imposed in times of h...Read More
Leh, July 18: Veteran BJP leader and former Deputy Chief Minister of Jammu and Kashmir Kavinder Gupta, was sworn as the 3rd Lieutenant Governor of Ladakh.Dressed in traditional Ladakhi attire, Gupta took the oath of office in a solemn ceremony held in Leh, administered by Justice N. Kotiswar Singh, Chief Justice of the High Court of J&K and Ladakh.Welcoming this new chapter in Ladakh's journey, Gupta emphasized service over power, declaring Ladakh deserves dignity, development, and a voice. "I'm...Read More
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Cloud mining remains an attractive passive income option for crypto investors in 2025, especially considering the high entry barriers to solo mining. Selecting the right platform is crucial to maximizing ROI, minimizing risk, and ensuring sustainable profitability. In this detailed guide, we review the top cloud mining services available this year. Overview: BeMine tops the rank...Read More
New Delhi, Jul 18 (PTI) The central drugs laboratories have found 55 samples manufactured by various firms in June to be "not of standard quality", health ministry officials said on Friday. Further, state drugs testing laboratories have identified 130 drugs samples as 'not of standard quality', they said. Also Read | Chhattisgarh: 6 Bodies of Naxals Recovered in Ongoing Encounter With Security Forces in Narayanpur. According to routine regulatory surveillance activity, the list of 'not of sta...Read More
New Delhi [India], July 18 (ANI): Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, urged petroleum dealers across the country to transform into active partners in India energy transition, while addressing the Plenary Session of the All India Petroleum Dealers Association (AIPDA) conclave. AIPDA is the largest national body representing petroleum retail outlet dealers. The Minister emphasised the importance of embracing green initiatives, enhancing digital readiness, and evolvin...Read More
New Delhi: India remains one of the most compelling strategic locations within emerging markets, thanks to its economic resilience, reform momentum and robust domestic demand, private equity firm KKR said on Thursday. Despite a turbulent global environment, India's relative insulation from trade frictions, owing to its domestic consumer-driven economy and services-led exports, has kept its macroeconomic fundamentals strong, KKR said in its report titled Insights: Global Macro Trends July 2025 -...Read More
New Delhi, July 18 (SocialNews.XYZ) Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said that despite global volatility, India accounted for 16 per cent of global growth in crude oil consumption and is projected to contribute 25 per cent of such growth over the next three decades. In his address at the plenary session of the All India Petroleum Dealers Association (AIPDA) conclave, the minister said that the Government has ensured affordable and uninterrupted energy supply to ci...Read More
MUMBAI, July 18(Reuters) - The Indian rupee and local equities have been increasingly moving in sync over the past month as muted portfolio flows alongside lingering uncertainty over U.S. tariffs continue to cloud investor sentiment. The rupee's 30-day correlation with the benchmark Nifty 50 index has tightened to 0.66, the highest level since mid-May, pointing to the currency's increased sensitivity to moves in local stocks. On the day, the Nifty 50 was down about 0.6%, while the rupee dipped...Read More
The rupee appreciated 6 paise to 86.06 against the U.S. dollar in early trade on Friday (July 18, 2025) on the back of a weaker greenback and a marginal drop in global crude oil prices. However, steady foreign fund outflows capped sharp gains for the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 85.99 before dropping to 86.06 against the US dollar, up 6 paise from its previous close. The rupee declined 20 paise to settle at 86.12 against the US dollar o...Read More
MUMBAI: India's Embassy Office Parks REIT is in talks with bankers to raise Rs 2,000 crore ($232.79 million) via the issuance of five-year corporate bonds, three sources aware of the matter said on Wednesday. The real estate investment trust will look to close the funding round before the end of this month, the sources said requesting anonymity as the talks are private. The debt sale could attract strong demand from mutual funds as well as some insurance companies, as the notes are rated 'AAA'...Read More
Jammu- Jammu and Kashmir Chief Minister Omar Abdullah on Thursday reviewed the ongoing restoration work of the historic Mubarak Mandi complex, which was the power centre of the Dogra kings in Jammu, and stressed on enhancing its heritage appeal. The Mubarak Mandi Complex is one of Jammu's most significant architectural heritage sites and is envisioned as a comprehensive cultural centre, housing museums, conference venues and heritage hospitality services. Accompanied by Advisor Nasir Aslam Wan...Read More
MUMBAI, July 15(Reuters) - The Indian rupee edged up on Tuesday, tracking gains in most Asian peers, as the dollar index dipped ahead of a key U.S. inflation reading, which is expected to provide cues on the Federal Reserve's monetary direction. The rupee closed at 85.81 against the U.S. dollar, up 0.2% on the day. While the local currency fleetingly fell below the 86 handle in the previous session, its quick recovery also prompted short wagers on the currency to be liquidated, adding to its u...Read More
Mumbai (Maharashtra) [India], July 18 (ANI): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may go for another cut in the policy rate of 25 basis points (bps) in the upcoming August policy meeting, bringing it down to 5.25 per cent, according to a report by ICICI Bank. The report explained that the growth outlook in India remains mixed. While urban demand is weak, rural demand continues to remain strong. Goods exports to the United States are showing improvement, but exp...Read More
The car had a Maharashtra number plate. Luggage was tied to the roof of the vehicle, which made officials believe that a family had come from Maharashtra to visit Agra. A shocking and heartbreaking incident has come to light from the Taj Mahal complex in Agra, Uttar Pradesh. An elderly man was found unconscious and tied inside a locked car parked near the western gate. The incident has raised serious questions about human sensitivity and responsibility. According to Aaj Tak, the man had been ...Read More
Mumbai (Maharashtra) [India], July 18 (ANI): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may go for another cut in the policy rate of 25 basis points (bps) in the upcoming August policy meeting, bringing it down to 5.25 per cent, according to a report by ICICI Bank. The report explained that the growth outlook in India remains mixed. While urban demand is weak, rural demand continues to remain strong. Goods exports to the United States are showing improvement, but exp...Read More