Economy
Economy
The rupee rebounded from its lowest-ever level and settled 8 paise higher at 86.62 (provisional) against the US dollar on Tuesday as the American currency retreated from record high. Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it
by PTIWholesale price inflation rose to 2.37 per cent in December 2024, led by spike in manufactured products even though prices of food items eased, government data released on Tuesday showed. The Wholesale Price Index (WPI) based inflation was 1.89 per cent in November 2024. It was 0.86
by PTIThe Economic Times reports that economists at Standard Chartered, Deutsche Bank, and others predict the Indian rupee will depreciate to 87 against the US dollar by March 2025, with the possibility of it reaching this mark earlier if the tariff war escalates and the Reserve Bank of India (RBI) relaxes
by PublisherThe upcoming budget for 2025, set to be presented on February 1, is expected to include several measures aimed at supporting demand and propelling growth in light of the slowing economy, The Economic Times reports. These measures include tax relief for the middle class, tariff adjustments to shield domestic industry
by PublisherIndian stock markets experienced a significant dip on Monday, with the BSE Sensex falling 1.36% to 76,330.01 and the NSE Nifty50 dropping 1.47% to 23,085.95. Retail investors' favourite small-cap stocks are leading the recent market sell-off, with the Nifty Smallcap 100 index dropping
by PublisherThe rupee logged its steepest fall in nearly two years, plunging 55 paise to hit a historic low of 86.59 against the US dollar during mid-session on Monday due to the strengthening of the American currency and surging crude oil prices. At the interbank foreign exchange, the rupee opened
by PTIDriven down by a strong US currency amid uncertain global indications, the rupee's slump continued for the second consecutive session on Monday, losing 27 paise to hit a new lifetime low of 86.31 against the US dollar. According to an analysis made by The Times of India,
by PublisherThe Union government on Friday, released tax devolution of ₹1,73,030 crore ($20.76 billion) to state governments, as against the devolution of ₹89,086 crore ($10.72 billion) in December 2024. "A higher amount is being devolved this month to enable states to accelerate capital spending and
by PublisherThe rupee rebounded from its lowest-ever level and settled 8 paise higher at 86.62 (provisional) against the US dollar on Tuesday as the American currency retreated from record high. Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it
by PTIThe rupee rebounded from its lowest-ever level and settled 8 paise higher at 86.62 (provisional) against the US dollar on Tuesday as the American currency retreated from record high. Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it
by PTIWholesale price inflation rose to 2.37 per cent in December 2024, led by spike in manufactured products even though prices of food items eased, government data released on Tuesday showed. The Wholesale Price Index (WPI) based inflation was 1.89 per cent in November 2024. It was 0.86
by PTIThe Economic Times reports that economists at Standard Chartered, Deutsche Bank, and others predict the Indian rupee will depreciate to 87 against the US dollar by March 2025, with the possibility of it reaching this mark earlier if the tariff war escalates and the Reserve Bank of India (RBI) relaxes
by PublisherThe upcoming budget for 2025, set to be presented on February 1, is expected to include several measures aimed at supporting demand and propelling growth in light of the slowing economy, The Economic Times reports. These measures include tax relief for the middle class, tariff adjustments to shield domestic industry
by PublisherIndian stock markets experienced a significant dip on Monday, with the BSE Sensex falling 1.36% to 76,330.01 and the NSE Nifty50 dropping 1.47% to 23,085.95. Retail investors' favourite small-cap stocks are leading the recent market sell-off, with the Nifty Smallcap 100 index dropping
by PublisherThe rupee logged its steepest fall in nearly two years, plunging 55 paise to hit a historic low of 86.59 against the US dollar during mid-session on Monday due to the strengthening of the American currency and surging crude oil prices. At the interbank foreign exchange, the rupee opened
by PTIDriven down by a strong US currency amid uncertain global indications, the rupee's slump continued for the second consecutive session on Monday, losing 27 paise to hit a new lifetime low of 86.31 against the US dollar. According to an analysis made by The Times of India,
by PublisherThe Union government on Friday, released tax devolution of ₹1,73,030 crore ($20.76 billion) to state governments, as against the devolution of ₹89,086 crore ($10.72 billion) in December 2024. "A higher amount is being devolved this month to enable states to accelerate capital spending and
by PublisherBengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1
by PTIA Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.
by PTIThe Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money
by PTIPrime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering
by PTIOdisha Chief Minister Mohan Charan Majhi on Tuesday said he is hopeful that the MoU for establishment of a "mega" steel plant in mineral-rich Keonjhar district would be signed during a business conclave in the state on January 28-29. Majhi said he is focusing on signing of the
by PTIPresident of Singapore Tharman Shanmugaratnam arrived here on Tuesday night on a five-day visit that aims to further boost bilateral ties in a range of areas. Shanmugaratnam, accompanied by a high-level delegation, was received at the airport by Union Minister Jitin Prasada. It is his first visit to India as
by PTIExternal Affairs Minister S Jaishankar on Tuesday called on Spanish President Pedro Sanchez and reiterated the "long-standing" India-Spain partnership, updating him on the progress in bilateral cooperation. Separately, he also called on the King of Spain Felipe VI. Jaishankar arrived in Spain on Monday for a two-day official
by PTIA thick layer of very dense fog covered New Delhi on Wednesday morning. The national capital's air quality fell into the "very poor" range. The Central Pollution Control Board reports that at 7 a.m. today, the AQI was measured at 344 in Delhi. It was
by PublisherBengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1
A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.
The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money
Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering
Odisha Chief Minister Mohan Charan Majhi on Tuesday said he is hopeful that the MoU for establishment of a "mega" steel plant in mineral-rich Keonjhar district would be signed during a business conclave in the state on January 28-29. Majhi said he is focusing on signing of the
President of Singapore Tharman Shanmugaratnam arrived here on Tuesday night on a five-day visit that aims to further boost bilateral ties in a range of areas. Shanmugaratnam, accompanied by a high-level delegation, was received at the airport by Union Minister Jitin Prasada. It is his first visit to India as
External Affairs Minister S Jaishankar on Tuesday called on Spanish President Pedro Sanchez and reiterated the "long-standing" India-Spain partnership, updating him on the progress in bilateral cooperation. Separately, he also called on the King of Spain Felipe VI. Jaishankar arrived in Spain on Monday for a two-day official
A thick layer of very dense fog covered New Delhi on Wednesday morning. The national capital's air quality fell into the "very poor" range. The Central Pollution Control Board reports that at 7 a.m. today, the AQI was measured at 344 in Delhi. It was