Search result for 'exchange rate'

Pakistan to Face More Taxes After IMF Deal

March 27, 2025 11:40

Pakistan agrees to new taxes, including a carbon levy and increased water prices, in exchange for a USD 1.3 billion IMF loan to address climate change and economic challenges.

Hyundai Car Price Hike: Up to 3% Increase in April 2025

March 19, 2025 16:55

Hyundai Motor India to increase car prices by up to 3% in April 2025 due to rising input costs and operational expenses. The price hike will affect various models and variants.

Mercedes May Hike Car Prices in April: Rupee Fall Hits Euro

March 18, 2025 15:44

Mercedes-Benz India could raise car prices in April due to the rupee's decline against the euro. The company expects luxury car sales to remain under pressure for at least two quarters.

Raisina Dialogue 2023: PM Modi to Inaugurate Global Summit

March 16, 2025 15:35

Prime Minister Narendra Modi will inaugurate the Raisina Dialogue 2023, a three-day conference on geopolitics and geo-economics, with delegates from 125 countries attending. The event will focus...

India's GDP to Exceed 6.5% in FY26: Moody's

March 12, 2025 13:20

Moody's projects India's GDP growth to exceed 6.5% in FY26, driven by government spending, tax cuts, and interest rate reductions. The agency expects moderate asset quality deterioration in Indian...

India Needs 7.3% Per Capita Growth to Reach 'Viksit Bharat' by 2047: Panagariya

March 1, 2025 17:30

Arvind Panagariya, 16th Finance Commission Chairman, says India needs a 7.3% per capita income growth to achieve 'Viksit Bharat' by 2047, highlighting the need for sustainable economic development...

India Inc Revenue Growth 7-8% in Q4: ICRA

February 24, 2025 13:06

ICRA expects Indian companies to see 7-8% revenue growth in Q4 FY2025 driven by rural demand revival and government spending, with certain sectors like electronics and EVs seeing continued investment.

CEA V Anantha Nageswaran Tenure Extended till 2027

February 20, 2025 16:05

The Indian government has extended the tenure of Chief Economic Adviser (CEA) V Anantha Nageswaran for two years till March 2027. Nageswaran, who assumed charge in 2022, is responsible for advising...

US Tariffs on Indian Pharma: Impact on American Consumers

February 19, 2025 19:34

Pharmexcil warns US reciprocal tariffs on Indian pharma exports would primarily impact American consumers, not India. US relies heavily on Indian generics, saving billions.

RBI Governor: Market Forces Determine Rupee Value, Not Central Bank

February 8, 2025 17:01

Reserve Bank of India Governor Sanjay Malhotra says the central bank is not concerned with daily rupee fluctuations, focusing on its long-term value. He attributes the recent depreciation to global...

Rupee Recovers 15 Paise, Closes at 87.44 vs US Dollar

February 7, 2025 16:09

The Indian rupee recovered 15 paise from its all-time low against the US dollar after the Reserve Bank of India cut the repo rate by 25 basis points. The rupee closed at 87.44 on Friday.

India Can Achieve 7% Growth: RBI Governor

February 7, 2025 13:58

RBI Governor Sanjay Malhotra believes India can achieve over 7% growth, highlighting the budget's positive impact on inflation and growth. He also commented on the rupee's exchange rate and forex...

RBI Governor: Exchange Rate Policy Remains Consistent, Not Targeting Specific Rupee Level

February 7, 2025 12:32

Reserve Bank of India Governor Sanjay Malhotra reiterates that the exchange rate policy remains consistent, focusing on maintaining orderliness and stability in the market without targeting any...

Rupee Recovers From All-Time Low Against US Dollar

February 7, 2025 12:16

The Indian rupee recovered 26 paise from its all-time low against the US dollar on Friday, reaching 87.33 after the Reserve Bank of India cut repo rates. The rupee was trading at 87.45 against the...

Rupee Recovers From All-Time Low, Closes at 87.08

February 4, 2025 16:00

The Indian rupee gained 3 paise against the US dollar, closing at 87.08, after the US dollar index retreated following Trump's tariff announcement.

Rupee Recovers 13 Paise Against US Dollar: Trump Tariff Pause Boosts Currency

February 4, 2025 10:23

The Indian rupee recovered 13 paise against the US dollar on Tuesday after President Trump agreed to pause tariffs on Mexico and Canada. The currency had reached an all-time low on Monday.

Rupee Value Market-Determined, No Devaluation: FM

February 3, 2025 20:11

Finance Minister Sitharaman clarifies that the rupee value is market-determined, rejecting claims of devaluation. She highlights factors influencing the exchange rate, including the Dollar Index,...

FY26 Budget: Non-Inflationary Stimulus to Boost Growth, Says Finance Secretary

February 3, 2025 15:14

India's FY26 Budget provides a non-inflationary stimulus to fuel economic growth, according to Finance Secretary Tuhin Kanta Pandey. The budget aims to balance growth and inflation while...

RBI Managing Rupee Volatility, No Concerns: Finance Secretary

February 3, 2025 13:40

India's Finance Secretary assures no concern over rupee value despite record low, stating RBI is managing volatility. Exchange rate facing pressure amid foreign fund outflows and global trade...

ATF Price Up 5.6%, Commercial LPG Down Rs 7 | India News

February 1, 2025 09:17

Jet fuel (ATF) price hiked by 5.6% in India, while commercial LPG rates were cut by Rs 7 per cylinder. The aviation turbine fuel price in Delhi reached Rs 95,533.72 per kilolitre.

India Budget 2023: Tax Cuts Expected for Middle Class

January 31, 2025 20:53

India's Finance Minister is expected to present a budget with tax cuts for the middle class, aiming to ease the burden of high prices and stagnant wage growth. The budget will also focus on...

Indian Rupee Outperforms Canadian, Korean, Brazilian Currencies: Eco Survey

January 31, 2025 19:06

The Indian rupee depreciated by a modest 2.9% in the first nine months of FY25, performing better than currencies like the Canadian Dollar, South Korean Won, and the Brazilian Real, according to...

Weaker Rupee & Exports: FIEO Highlights Complex Reality

January 24, 2025 19:12

The Federation of Indian Export Organisations (FIEO) says a weaker rupee isn't a simple solution for boosting exports, highlighting the complexities and potential drawbacks for Indian businesses.

NDA 3.0 Budget: Subbarao Urges Structural Reforms

January 23, 2025 11:00

Former RBI Governor D. Subbarao calls for structural reforms in the upcoming budget, emphasizing job creation and addressing the freebie culture.

Rupee Rises 14 Paise to 86.46 vs US Dollar

January 20, 2025 10:11

Indian rupee strengthened against the US dollar in early trade, tracking positive domestic equities and Asian currencies. However, forex traders cite elevated Dollar Index and crude oil prices as...

Budget 2025-26: Focus on Capex & Infrastructure - RBI MPC Member

January 19, 2025 13:18

RBI MPC member Nagesh Kumar urges Finance Minister Nirmala Sitharaman to prioritize capex and infrastructure spending in Budget 2025-26 to boost economic growth.

RBI Study: Forex Interventions Counter Capital Flows Volatility

January 17, 2025 19:10

A new RBI study finds that forex interventions effectively countered capital flows volatility, the main source of exchange rate volatility in India.

Indian Can Be President of Suzuki Japan: Toshihiro Suzuki

January 16, 2025 19:02

Toshihiro Suzuki, President of Suzuki Motor Corporation, says nationality isn't a barrier for leadership at Maruti Suzuki India or Suzuki Japan, highlighting the growing importance of the Indian...

Budget May Hike Import Duties to Curb Rupee Slide: EY

January 15, 2025 11:10

EY's DK Srivastava suggests higher import duties in the upcoming budget to control the rupee's decline against the US dollar, citing a need to curb dollar demand from importers.

Rupee Hits Record Low at 86.62 Against US Dollar

January 13, 2025 16:09

The Indian rupee plunged to a record low of 86.62 against the US dollar, driven by a stronger American currency and surging crude oil prices. This marks the steepest single-day fall in nearly two...

Rupee Hits Record Low of 86.59 Against US Dollar

January 13, 2025 14:40

The Indian rupee plunged to a record low of 86.59 against the US dollar on Monday, driven by a strengthening greenback and surging crude oil prices. This marks the steepest fall in nearly two...

Mercedes-Benz India Reports Record Sales in 2024, Plans 8 New Models

January 9, 2025 13:21

Mercedes-Benz India achieved record sales in 2024, selling 19,565 units. The company plans to launch 8 new models, including EVs, in 2025 to sustain growth.

ATF Price Cut by 1.5%, Commercial LPG Rates Down

January 1, 2025 12:53

Jet fuel (ATF) prices in India have been reduced by 1.5% and commercial LPG rates have been cut by Rs 14.5 per 19-kg cylinder, effective Wednesday.

Rupee Falls 3% in 2024, Outlook Stable for 2025

December 29, 2024 12:32

The Indian rupee depreciated by 3% in 2024 due to global factors, but is expected to stabilize in 2025. Experts attribute the fall to a strong US dollar and FII outflows.

Rupee Tumbles 3% in 2024: Outlook for 2025

December 29, 2024 10:40

The Indian rupee depreciated 3% against the US dollar in 2024, but is expected to stabilize in 2025. Experts discuss factors impacting the rupee.

India's Growth Outlook: Deeper Commitment Needed Amidst Uncertainties

December 26, 2024 18:02

India's GDP growth moderated in Q2 FY25, but the outlook for Q3 appears bright. The report highlights the need for deeper commitment from all stakeholders to sustain growth amidst emerging global...

Indian Rupee Value Market-Determined: MoS Finance

December 17, 2024 18:56

The value of the Indian Rupee is market-determined, with no specific target, Minister of State for Finance Pankaj Chaudhary informed Parliament. Learn about factors influencing the INR exchange...

Stellantis Hikes Jeep, Citroen Prices in India - Up 2% from January

December 17, 2024 15:56

Stellantis India announces price hikes for Jeep and Citroen models, citing rising input costs. The increase, effective January, will be up to 2%.

LIC Unclaimed Maturity Amounts Reach Rs 881 Cr in FY24

December 16, 2024 17:53

LIC reported unclaimed maturity amounts of Rs 880.93 crore in FY24, with 3,72,282 policyholders not claiming benefits. The company has undertaken several measures to reduce unclaimed amounts.

US Fed Interest Rate, Inflation & Global Trends to Drive Markets: Analysts

December 15, 2024 10:04

Analysts predict US Fed interest rate decision, WPI inflation and global trends will influence Indian stock markets this week. Learn more about the key factors driving market sentiment.

Kia India to Hike Car Prices by 2% in January

December 9, 2024 15:48

Kia India will increase prices of its vehicles by up to 2% from January 1, 2025, citing rising commodity and supply chain costs. The automaker aims to minimize the impact on customers.

Car Prices to Rise in January: OEMs Announce Price Hikes

December 8, 2024 13:16

Automakers in India announce price hikes for cars effective January 2025, citing rising input costs and operational expenses. Expect increases across various models, from hatchbacks to luxury...

India Stock Market: Inflation Data, FII Trading & Global Trends

December 8, 2024 10:40

Analysts predict the Indian stock market will be influenced by inflation data, FII activity, and global trends. Key economic releases like CPI, IIP, and US core CPI are expected to shape sentiment.

Maruti Suzuki to Hike Car Prices by Up to 4% in January

December 6, 2024 12:54

Maruti Suzuki India will increase car prices by up to 4% from January 2025 due to rising input costs and operational expenses. The price hike will vary depending on the model.

RBI Raises Rate Caps on Diaspora Deposits to Attract Flows

December 6, 2024 11:51

The Reserve Bank of India has increased interest rate caps on foreign currency deposits for the diaspora, aiming to attract more capital inflows amid rupee depreciation. This move aims to address...

Hyundai Car Prices to Increase by Up to Rs 25,000

December 5, 2024 11:56

Hyundai Motor India will raise prices of its vehicles by up to Rs 25,000 from January 1, 2025, citing increased input costs and adverse exchange rates.

Trump's Tariffs: Huge Export Opportunities for India

December 4, 2024 14:59

Niti Aayog CEO says Trump's tariffs on China, Mexico, and Canada present significant export opportunities for India. The US is India's largest trading partner, and India's exports to the US stood...

Rupee Recovers From All-Time Low, Rises 3 Paise - Business News

December 3, 2024 15:55

The Indian rupee recovered from its all-time low, gaining 3 paise to 84.69 against the US dollar on Tuesday, amid positive domestic equities. Learn more about the reasons behind the rupee's recent...

Rupee Hits All-Time Low: 84.76 Against US Dollar

December 3, 2024 10:09

The Indian rupee plunged to a record low of 84.76 against the US dollar on Tuesday, driven by a strong greenback, foreign portfolio outflows, and global uncertainties. The depreciation comes amidst...

Rupee Remains Strong: MoS Finance on Indian Currency

December 2, 2024 17:08

India's rupee remains one of the best-performing Asian currencies despite global headwinds, indicating strong economic fundamentals, says MoS Finance Pankaj Chaudhary. Learn more about the INR's...

ATF Price Hiked 1.45%, Commercial LPG Up Rs 16.5

December 1, 2024 09:57

Jet fuel (ATF) price increased by 1.45% and commercial LPG rates rose by Rs 16.5 per cylinder in the monthly revision. This is the second straight hike in ATF prices and the fifth consecutive...

Rupee Holds Steady vs US Dollar Amid Geopolitical Pressures

November 22, 2024 10:07

The Indian rupee traded in a narrow range against the US dollar on Friday, supported by domestic equities but pressured by geopolitical tensions and foreign portfolio outflows.

CEA: Weak Currency No Substitute for Productivity - India Inc Advised

November 21, 2024 17:07

India's Chief Economic Advisor urges businesses to focus on productivity and R&D instead of relying on a weak currency to boost exports, highlighting China's success through domestic growth.

RBI DG: ESMA''s CCIL Audit Demand is 'Extra Jurisdictional''

November 7, 2024 19:10

RBI Deputy Governor T Rabi Sankar criticizes ESMA's attempt to audit India's Clearing Corporation of India (CCIL), calling it 'extra jurisdictional'' and emphasizing...

IMF to Review Pakistan Bailout Early: Key Targets Under Scrutiny

November 6, 2024 17:35

The IMF will send a review mission to Pakistan ahead of schedule to assess progress on the USD 7 billion bailout package, focusing on budget targets and economic reforms.

ATF Price Hiked 3%, Commercial LPG Up Rs 62 - India News

November 1, 2024 13:05

Aviation Turbine Fuel (ATF) price increased by 3.3% to Rs 90,538.72 per kl in Delhi, while commercial LPG rates went up by Rs 62 per cylinder. Domestic LPG prices remain unchanged.

IMF Bailout at Risk as Pakistan's Economy Weakens

October 31, 2024 17:57

Pakistan's USD 7 billion IMF bailout is at risk as key economic assumptions have proven incorrect, potentially leading to renegotiations or further economic strain.

India's GDP to Grow at 7.2% in FY25: RBI

October 22, 2024 14:33

India's GDP is projected to grow at 7.2% in FY25, according to RBI deputy governor Michael Debabrata Patra. He also highlighted the country's young population and its emergence as a world leader in...

RBI: Rate Hikes Reduced Inflation by 1.60% Since May '22

October 21, 2024 20:18

A new RBI paper reveals that cumulative rate hikes since May 2022 have contributed to a 1.60% reduction in inflation, despite previous claims that interest rates have had no impact on growth.

ATF Price Cut 6%, Commercial LPG Up Rs 48.5/Cylinder

October 1, 2024 12:47

Jet fuel (ATF) price slashed by 6.3% to its lowest this year, while commercial LPG hiked by Rs 48.5/cylinder. Domestic LPG rates remain unchanged.

Pakistan Cuts 150,000 Jobs, 6 Ministries in IMF Deal

September 29, 2024 20:08

Pakistan announces major reforms, including job cuts and ministry closures, as part of a USD 7 billion IMF loan agreement. The move aims to address the country's economic crisis and secure the...

ADB: IMF Deal to Boost Pakistan's Growth - Economic Reforms Key

September 25, 2024 19:27

The Asian Development Bank (ADB) says Pakistan's economic reforms supported by an IMF deal will accelerate growth and ease inflation. The report highlights the IMF's role in economic stability and...

ADB Cuts Bangladesh Growth Forecast Due to Unrest

September 25, 2024 13:03

The Asian Development Bank (ADB) has lowered Bangladesh's economic growth forecast to 5.1% for FY 2024-25, citing political unrest, floods, and a fragile law-and-order situation. The ADB warns of...

RBI Governor: Rate Cut Depends on Long-Term Inflation Trajectory

September 16, 2024 19:56

RBI Governor Shaktikanta Das says interest rate decisions will be based on the long-term inflation outlook, not just monthly data. The MPC will meet in October to discuss the repo rate.

Rupee Steady Against US Dollar: Oil Prices, FIIs Drive Gains

September 11, 2024 09:50

The Indian rupee edged up against the US dollar on Wednesday, supported by easing oil prices and foreign institutional inflows. Experts predict a continued rise in the rupee.

ATF Price Cut 4.6%, Commercial LPG Up Rs 39: Fuel Update

September 1, 2024 11:14

Jet fuel price reduced by 4.6% while commercial LPG hiked by Rs 39 per cylinder in monthly revision. ATF price in Delhi now Rs 93,480.22 per kl.

India Needs 1 Lakh Company Secretaries by 2030: ICSI

August 18, 2024 11:12

India's economic growth will require 1 lakh company secretaries by 2030, according to the Institute of Company Secretaries of India (ICSI). Learn more about the role of company secretaries and the...

Atmanirbhar: Efficient Import Substitution Key - Former RBI Governor

August 3, 2024 16:59

Former RBI Governor C Rangarajan warns against inefficient import substitution, advocating for a cost-effective approach to 'Atmanirbhar Bharat' and prioritizing job creation.

Ex RBI Chief Warns Against Inefficient Import Substitution

August 3, 2024 16:53

Former RBI Governor C Rangarajan cautions against inefficient 'import substitution' in India's 'Atmanirbhar' drive, emphasizing the need for cost-effective solutions. He also highlights the...

ATF Price Hiked 2%, Commercial LPG Up Rs 6.5/Cylinder

August 1, 2024 11:52

Jet fuel (ATF) price increased by 2% and commercial LPG by Rs 6.5 per 19-kg cylinder in line with international oil price trends. This is the second straight monthly hike in ATF rates. Domestic...

India's Debt to Reach Rs 185 Lakh Cr in FY25: Govt

July 29, 2024 14:51

India's government estimates its debt to rise to Rs 185 lakh crore in FY25, reaching 56.8 per cent of the GDP. The debt includes external borrowing, public account liabilities, and other liabilities.

Pakistan Seeks Energy Loan Restructuring from China

July 27, 2024 16:59

Pakistan's finance and energy ministers are in Beijing to negotiate debt rescheduling for CPEC energy projects, amid concerns over China's reluctance and potential impact on IMF bailout.

Rupee Hits Record Low at 83.78 Against Dollar

July 25, 2024 20:35

The Indian rupee slumped to an all-time low of 83.78 against the US dollar on Thursday, driven by month-end dollar demand and foreign fund outflows.

Airlines Ban 51 Unruly Passengers in 2023

July 22, 2024 17:16

India's civil aviation ministry has placed 51 passengers on the no-fly list for unruly behavior in 2023. Learn more about the no-fly list and airline operating costs.

India Remittances to Grow 3.7% in 2024 to $124 Billion: Eco Survey

July 22, 2024 13:52

India's remittances, a key source of external financing, are projected to rise to $124 billion in 2024, driven by strong labor markets and diversification of migrant workforce.

India Aviation Growth: Sustainability && Viability Focus - Economic Survey

July 22, 2024 13:42

India's aviation sector is on the cusp of growth. The Economic Survey 2023-24 emphasizes sustainability, airline viability, and infrastructure development.

India-Russia Trade Boost: Exports, Local Currency & FTA

July 18, 2024 12:39

GTRI report highlights increasing exports, local currency trading & FTA as key to boosting India-Russia commerce. Learn about the trade deficit, INSTC & more.

India to Become World's 2nd Largest Economy by 2031: RBI

July 12, 2024 20:22

India's economy is projected to become the world's second largest by 2031, according to RBI deputy governor Michael D Patra. This growth will require overcoming challenges related to labor...

Auto Component Industry Growth Forecast: ICRA

July 11, 2024 14:34

ICRA projects moderate growth for the Indian auto component industry in FY2025, despite challenges from the Red Sea crisis and higher container rates. Learn more about the industry's outlook and...

ATF Price Up 1.2%, Commercial LPG Cut by Rs 30

July 1, 2024 16:39

Aviation Turbine Fuel (ATF) price hiked by 1.2%, while commercial LPG for hotels and restaurants cut by Rs 30 per 19-kg cylinder in line with international oil price trends. Read more.

CBIC Launches Automated Currency Exchange Rates System

June 27, 2024 21:33

CBIC to launch automated system for publishing currency exchange rates on July 4, replacing manual notification process. The ERAM system will be accessible on ICEGATE for importers and exporters.

Farmers & Consumers: RBI Governor Das on Inflation

June 25, 2024 22:08

RBI Governor Shaktikanta Das argues that lower inflation benefits farmers as consumers. He emphasizes the need for a balanced approach to benefit both farmers and consumers.

Pakistan Budget Risks: Climate Change, SOEs & More

June 17, 2024 10:30

Pakistan's government outlines key risks to its 2024-25 budget, including climate change, weak SOEs, and economic growth concerns. Learn more about the challenges facing the country's fiscal outlook.

Pakistan Misses GDP Growth Target in FY 2023-24

June 11, 2024 20:28

Pakistan's GDP growth fell short of the 3.5% target in FY 2023-24, reaching 2.38%. The report highlights key economic indicators, including agriculture, industry, and inflation.

ATF Price Cut 6.5%, Commercial LPG Down Rs 69

June 1, 2024 10:16

Jet fuel (ATF) price reduced by 6.5% and commercial LPG by Rs 69 per cylinder in India, following declining international oil prices.

RBI Allows Rupee Accounts Outside India: Internationalization Plan

May 30, 2024 21:34

The Reserve Bank of India (RBI) will permit the opening of rupee accounts outside India as part of its strategic action plan to internationalise the domestic currency.

Simaero to Invest USD 100 Million in India Pilot Training

May 30, 2024 16:00

French flight simulator provider Simaero announces USD 100 million investment in India to train 5,000 pilots over 5 years, establishing a new training facility in New Delhi.

RBI Dividend: Fitch Says 0.6% GDP Share Unlikely to Continue

May 27, 2024 14:57

Fitch Ratings says RBI's record Rs 2.1 lakh crore dividend to the government is equivalent to 0.6% of GDP, and unlikely to be sustained. The dividend will help India meet its fiscal deficit...

IMF 'Significant Progress' in Pakistan Bailout Talks

May 24, 2024 12:54

The IMF reports 'significant progress' in negotiations with Pakistan for a new bailout package. The agreement could involve up to USD 8 billion and focus on economic reforms.

India's Economy to Grow 7% in 2024: UN

May 17, 2024 07:31

The UN revised India's 2024 growth projection upwards to 7%, citing strong public investment and resilient private consumption. The global economy is also expected to see a modest recovery in 2024.

PhonePe Enables UPI Payments in Sri Lanka

May 15, 2024 18:44

PhonePe partners with LankaPay to allow users to make UPI payments at LankaQR merchants in Sri Lanka, offering convenience and security for Indian tourists.

CBI Probes MMTC Coal Import 'Scam' - Australian Company, Inflated Prices

May 14, 2024 17:22

CBI investigates alleged corruption in MMTC's coal import from an Australian company at inflated prices, causing a loss of Rs 615 crore. The probe started after an arbitration case in favor of the...

Pakistan & IMF Begin Talks for New Bailout Package

May 14, 2024 17:06

Pakistan and the IMF have commenced negotiations for a new bailout package to address the country's fiscal challenges. The talks aim to secure a multi-billion dollar deal to stabilize the economy.

Food Inflation: Heatwave to Drive Prices Up, Says ICRA

May 14, 2024 16:51

ICRA expects food inflation to remain high in May and June due to heatwave impact on perishable commodities. Monsoon is crucial for determining price trends in later months.

Rahul Gandhi's 'Khata Khat' Schemes: FM Questions Cost

May 13, 2024 16:19

Finance Minister Nirmala Sitharaman questions the feasibility of Rahul Gandhi's 'Khata Khat' schemes, highlighting their fiscal implications and comparing India's debt management to other nations.

IMF Doubts Pakistan's Repayment Capacity as Support Team Arrives

May 11, 2024 11:18

The IMF expresses serious doubts about Pakistan's ability to repay its debts, highlighting risks from delayed reforms and high public debt. A support team has arrived in Islamabad to discuss a...

Sri Lanka Approves Adani Green Energy Wind Power Pact

May 7, 2024 15:49

Sri Lanka approves a 20-year power purchase agreement with Adani Green Energy for the development of 484 megawatt wind power stations in the northeast region.

Carborundum Universal Q4 Net Profit: Rs 142.56 cr

May 3, 2024 18:56

Carborundum Universal (CUMI) reported a consolidated net profit of Rs 142.56 crore for Q4 FY24, down from Rs 148.79 crore in the same period last year. Consolidated total income for the quarter...

Zimbabwe Launches New ZiG Currency Amid Economic Crisis

April 30, 2024 20:24

Zimbabwe introduces a new currency, the ZiG, to combat its ongoing economic crisis, but skepticism remains after years of currency turmoil. The government hopes the gold-backed currency will...

IMF Approves $1.1 Billion Loan to Pakistan: Bailout && Economic Reforms

April 30, 2024 10:45

The IMF has approved a $1.1 billion loan to Pakistan as part of a bailout package, emphasizing economic reforms. This follows the completion of the second and final review of Pakistan's economic...

Vedanta Q4 Profit Dips 27% on Impairment

April 25, 2024 20:07

Vedanta Ltd's Q4 net profit declined by 27.2% due to impairment charges on Tuticorin asset. Revenue dropped to Rs 36,093 crore.

Vedanta Q4 Profit Drops 27% on Impairment Charge

April 25, 2024 19:04

Vedanta Ltd reported a 27.2% decline in Q4 net profit to Rs 1,369 crore, impacted by a one-time impairment charge on its Tuticorin asset. Revenue also decreased.

RBI Autonomy: Subbarao on Mukherjee, Chidambaram Pressure

April 15, 2024 17:06

Former RBI Governor Duvvuri Subbarao reveals how finance ministers Pranab Mukherjee and P Chidambaram pressured the central bank to paint a rosier picture of growth in his memoir.

RBI Defers Currency Derivatives Rules to May 3

April 4, 2024 18:20

The Reserve Bank of India has deferred the implementation of its directions on exchange traded currency derivatives (ETCD) linked to rupee by a month to May 3, following feedback from stakeholders.

Argentina Job Cuts Spark Protests Amid Milei's Austerity

April 4, 2024 02:36

Argentina has cut 15,000 state jobs as part of President Javier Milei's economic reforms, sparking protests from fired workers and unions. The move is part of Milei's plan to reduce government...

Pakistan Poverty Risk: World Bank Warns of 10 Million More at Risk

April 3, 2024 19:32

The World Bank warns that over 10 million people in Pakistan are at risk of falling into poverty due to a sluggish economy and high inflation. The report highlights the challenges facing the...

Mukesh Ambani Breaks Into Forbes Top 10 Richest: USD 116 Billion

April 3, 2024 19:22

Mukesh Ambani, Reliance Industries chairman, is now the 9th richest person in the world with a net worth of USD 116 billion, up from USD 83.4 billion in 2023. See the full Forbes Billionaires List.

Pakistan Poverty Risk: World Bank Warns of 10 Million More in Poverty

April 3, 2024 14:42

The World Bank warns of 10 million more people at risk of poverty in Pakistan due to sluggish economic growth and high inflation. The report highlights the country's economic struggles and the...

Domestic Air Travel to Surpass Pre-Covid Levels in FY24: Icra

March 6, 2024 14:42

India's domestic air passenger traffic is projected to exceed pre-pandemic levels, reaching 150-155 million this fiscal year, according to credit ratings agency Icra.

Daiso Founder Hirotake Yano Dies at 80

February 20, 2024 15:24

Hirotake Yano, founder of the popular Japanese dollar store chain Daiso, has died at the age of 80. Yano founded the business in 1972 and oversaw its expansion to over 5,000 stores in 26 countries.

Nigeria's Naira Plunges to Record Low Amid Inflation

February 17, 2024 12:04

Nigeria's Naira hits a record low against the dollar as inflation surges to 29.9%, exacerbating economic hardship for Nigerians. Learn about the causes and potential solutions.

RBI Monetary Policy: Repo Rate Unchanged, GDP Growth Forecast

February 8, 2024 11:09

The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5% in its bi-monthly monetary policy. GDP growth is projected at 7% for 2024-25, while inflation is expected to average 5.4% this...

India Shouldn't Cut Auto Tariffs in FTAs: GTRI

January 31, 2024 12:15

GTRI warns India against reducing import duties for the auto sector in free trade agreements, arguing it could harm domestic companies and lead to closures.

Blue Star Q3 Profit Soars 72% to Rs 100.5 Cr

January 30, 2024 16:31

Blue Star Ltd. reported a strong Q3 2023, with net profit surging 72% to Rs 100.5 crore driven by robust festive season sales. Revenue also climbed 25% to Rs 2,241 crore.

India's $5 Trillion Economy: 3rd Largest by 2026

January 29, 2024 15:46

India's economy is projected to reach $5 trillion by 2026, making it the world's third-largest. The finance ministry attributes this growth to ongoing reforms and a strong domestic demand.

Burberry Stock Plunges 10% After Christmas Sales Warning

January 12, 2024 18:22

Burberry's share price dropped significantly after the luxury brand warned of lower profits due to weakened demand, particularly in the Americas, during the crucial Christmas shopping season.

Brookfield Acquires ATC's India Biz for $2.5 Billion

January 5, 2024 10:59

Brookfield Asset Management's Data Infrastructure Trust (DIT) will acquire American Tower Corporation's Indian operations for $2.5 billion, expanding its telecom tower portfolio in India.

Sri Lanka Raises Fuel Prices After VAT Hike

January 1, 2024 10:55

Sri Lanka's government increased fuel prices by Rs 20 per litre, the first retail price hike under the new VAT rates. The move comes as the country grapples with its worst economic crisis in history.

India Focuses on Coal-fired Power for 24x7 Electricity in 2024

December 25, 2023 12:49

India plans to increase coal-fired power generation capacity alongside renewables to ensure 24x7 electricity supply in 2024, amid economic growth and energy security concerns. This move aims to...

IMF Debt Projection ''Misconstrued'': India''s Finance Ministry

December 22, 2023 22:43

India''s finance ministry refutes IMF''s projection of government debt exceeding 100% of GDP by 2027-28, citing favorable scenarios and strong fiscal consolidation efforts.

RBI Defends Forex Interventions, Disputes IMF Classification

December 20, 2023 12:39

The Reserve Bank of India (RBI) has defended its frequent interventions in the forex market, arguing that they are necessary to curb excessive volatility. The IMF reclassified India's exchange rate...

NITI Aayog: Reform Multilateral Development Banks for Green Growth

December 19, 2023 21:01

NITI Aayog calls for structural reforms of Multilateral Development Banks (MDBs) to improve capital mobilization, project implementation and make sustainable infrastructure an asset class. The...

India's Trade Growth To Slow in 2023: Report

December 17, 2023 11:01

India's overall trade is expected to decline by 2.6% in 2023, with a dip in merchandise exports, though strong performance in electronics and services sectors will help contain the fall.

Volvo Car India to Increase Prices Up to 2% | January 2024

December 14, 2023 12:44

Volvo Car India announces price hikes up to 2% from January 1, 2024, citing rising input costs and volatile foreign exchange rates.

Rupee Internationalization: Time is Ripe, Says RBI

December 12, 2023 18:53

RBI Executive Director Radha Shyam Ratho suggests exploring internationalization of the rupee, citing a robust Indian economy and a need for currency diversification. He outlines potential...

BMW India to Hike Car Prices up to 2% from Jan 1

December 11, 2023 14:49

BMW India will increase car prices by up to 2% from January 1, citing fluctuating exchange rates and rising input costs. The price hike affects the entire model range, from the BMW 220i M Sport to...

India's Forex Reserves Crosses $600 Billion Mark - PTI

December 8, 2023 12:43

India's foreign exchange reserves surpassed USD 600 billion on December 1, 2023, after a gap of four months, reaching USD 604 billion. RBI Governor Shaktikanta Das attributed the rise to robust...

Hyundai Car Price Hike in January 2024 - Rising Costs

December 7, 2023 11:27

Hyundai Motor India Ltd will increase vehicle prices from January 1, 2024, citing rising input costs, exchange rates, and commodity prices. The company joins other automakers in implementing price...

India to Become USD 5 Trillion Economy Early in Amrit Kaal: FinMin

December 4, 2023 14:56

India is projected to become a USD 5 trillion economy early in the 'Amrit Kaal' period, according to the Finance Minister. This milestone is expected to be achieved through a strong rupee and...

BSE Market Valuation Hits Record High of Rs 337.67 Lakh Crore

December 1, 2023 18:37

BSE-listed companies'' market valuation touched a record high of Rs 337.67 lakh crore on Friday, driven by strong macroeconomic data and foreign fund inflows.

BSE Market Valuation Hits USD 4 Trillion for Second Day

November 30, 2023 18:14

The combined market valuation of all BSE-listed companies reached USD 4 trillion for the second straight day, driven by an optimistic trend in equities.

India's BSE Market Cap Hits USD 4 Trillion: Record Milestone

November 29, 2023 17:31

The BSE's market capitalization has reached USD 4 trillion for the first time, driven by strong Q2 earnings, lower oil prices, and domestic liquidity. Learn about the factors behind this milestone.

India's Stock Market Hits USD 4 Trillion: Record Milestone

November 29, 2023 11:14

India's BSE stock exchange has crossed the USD 4 trillion market capitalization mark for the first time, joining the ranks of the US, China, Japan, and Hong Kong.

BSE Mcap Hits Record High, Nears USD 4 Trillion

November 28, 2023 17:43

The combined market capitalization of BSE-listed firms reached an all-time high of Rs 331 lakh crore, nearing the USD 4 trillion mark, fueled by a rally in the equity market.

Russia Inflation: Consumers Struggle as Prices Soar

November 24, 2023 12:37

High inflation in Russia is causing hardship for consumers, with prices for food and other goods rising sharply. The Central Bank has raised interest rates to combat inflation, but the situation...

Vedanta Reports Rs 1,783 Crore Net Loss in Q2 FY24

November 4, 2023 17:33

Vedanta Ltd reported a consolidated net loss of Rs 1,783 crore in Q2 FY24, driven by a one-time exceptional item related to the new tax regime. The company's revenue increased by 6% year-on-year.

India Fruit Exports Surge 47% in 5 Years: Govt

INOX Air Products Launches First Green Hydrogen Plant in India

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Search result for 'exchange rate'

Pakistan to Face More Taxes After IMF Deal

Hyundai Car Price Hike: Up to 3% Increase in April 2025

Mercedes May Hike Car Prices in April: Rupee Fall Hits Euro

Raisina Dialogue 2023: PM Modi to Inaugurate Global Summit

India's GDP to Exceed 6.5% in FY26: Moody's

India Needs 7.3% Per Capita Growth to Reach 'Viksit Bharat' by 2047: Panagariya

India Inc Revenue Growth 7-8% in Q4: ICRA

CEA V Anantha Nageswaran Tenure Extended till 2027

US Tariffs on Indian Pharma: Impact on American Consumers

RBI Governor: Market Forces Determine Rupee Value, Not Central Bank

Rupee Recovers 15 Paise, Closes at 87.44 vs US Dollar

India Can Achieve 7% Growth: RBI Governor

RBI Governor: Exchange Rate Policy Remains Consistent, Not Targeting Specific Rupee Level

Rupee Recovers From All-Time Low Against US Dollar

Rupee Recovers From All-Time Low, Closes at 87.08

Rupee Recovers 13 Paise Against US Dollar: Trump Tariff Pause Boosts Currency

Rupee Value Market-Determined, No Devaluation: FM

FY26 Budget: Non-Inflationary Stimulus to Boost Growth, Says Finance Secretary

RBI Managing Rupee Volatility, No Concerns: Finance Secretary

ATF Price Up 5.6%, Commercial LPG Down Rs 7 | India News

India Budget 2023: Tax Cuts Expected for Middle Class

Indian Rupee Outperforms Canadian, Korean, Brazilian Currencies: Eco Survey

Weaker Rupee & Exports: FIEO Highlights Complex Reality

NDA 3.0 Budget: Subbarao Urges Structural Reforms

Rupee Rises 14 Paise to 86.46 vs US Dollar

Budget 2025-26: Focus on Capex & Infrastructure - RBI MPC Member

RBI Study: Forex Interventions Counter Capital Flows Volatility

Indian Can Be President of Suzuki Japan: Toshihiro Suzuki

Budget May Hike Import Duties to Curb Rupee Slide: EY

Rupee Hits Record Low at 86.62 Against US Dollar

Rupee Hits Record Low of 86.59 Against US Dollar

Mercedes-Benz India Reports Record Sales in 2024, Plans 8 New Models

ATF Price Cut by 1.5%, Commercial LPG Rates Down

Rupee Falls 3% in 2024, Outlook Stable for 2025

Rupee Tumbles 3% in 2024: Outlook for 2025

India's Growth Outlook: Deeper Commitment Needed Amidst Uncertainties

Indian Rupee Value Market-Determined: MoS Finance

Stellantis Hikes Jeep, Citroen Prices in India - Up 2% from January

LIC Unclaimed Maturity Amounts Reach Rs 881 Cr in FY24

US Fed Interest Rate, Inflation & Global Trends to Drive Markets: Analysts

Kia India to Hike Car Prices by 2% in January

Car Prices to Rise in January: OEMs Announce Price Hikes

India Stock Market: Inflation Data, FII Trading & Global Trends

Maruti Suzuki to Hike Car Prices by Up to 4% in January

RBI Raises Rate Caps on Diaspora Deposits to Attract Flows

Hyundai Car Prices to Increase by Up to Rs 25,000

Trump's Tariffs: Huge Export Opportunities for India

Rupee Recovers From All-Time Low, Rises 3 Paise - Business News

Rupee Hits All-Time Low: 84.76 Against US Dollar

Rupee Remains Strong: MoS Finance on Indian Currency

ATF Price Hiked 1.45%, Commercial LPG Up Rs 16.5

Rupee Holds Steady vs US Dollar Amid Geopolitical Pressures

CEA: Weak Currency No Substitute for Productivity - India Inc Advised

RBI DG: ESMA&#x27;&#x27;s CCIL Audit Demand is &#x27;Extra Jurisdictional&#x27;&#x27;

IMF to Review Pakistan Bailout Early: Key Targets Under Scrutiny

ATF Price Hiked 3%, Commercial LPG Up Rs 62 - India News

IMF Bailout at Risk as Pakistan's Economy Weakens

India's GDP to Grow at 7.2% in FY25: RBI

RBI: Rate Hikes Reduced Inflation by 1.60% Since May '22

ATF Price Cut 6%, Commercial LPG Up Rs 48.5/Cylinder

Pakistan Cuts 150,000 Jobs, 6 Ministries in IMF Deal

ADB: IMF Deal to Boost Pakistan's Growth - Economic Reforms Key

ADB Cuts Bangladesh Growth Forecast Due to Unrest

RBI Governor: Rate Cut Depends on Long-Term Inflation Trajectory

Rupee Steady Against US Dollar: Oil Prices, FIIs Drive Gains

ATF Price Cut 4.6%, Commercial LPG Up Rs 39: Fuel Update

India Needs 1 Lakh Company Secretaries by 2030: ICSI

Atmanirbhar: Efficient Import Substitution Key - Former RBI Governor

Ex RBI Chief Warns Against Inefficient Import Substitution

ATF Price Hiked 2%, Commercial LPG Up Rs 6.5/Cylinder

India's Debt to Reach Rs 185 Lakh Cr in FY25: Govt

Pakistan Seeks Energy Loan Restructuring from China

Rupee Hits Record Low at 83.78 Against Dollar

Airlines Ban 51 Unruly Passengers in 2023

India Remittances to Grow 3.7% in 2024 to $124 Billion: Eco Survey

India Aviation Growth: Sustainability &&amp; Viability Focus - Economic Survey

India-Russia Trade Boost: Exports, Local Currency & FTA

India to Become World's 2nd Largest Economy by 2031: RBI

Auto Component Industry Growth Forecast: ICRA

RBI DG: ESMA''s CCIL Audit Demand is 'Extra Jurisdictional''

India Aviation Growth: Sustainability && Viability Focus - Economic Survey

Pakistan Budget Risks: Climate Change, SOEs & More

IMF Approves $1.1 Billion Loan to Pakistan: Bailout && Economic Reforms