Latest News, Updates & Breaking Headlines
Mumbai: Investor sentiment in India improved after the completion of India-EU free trade negotiations in end-Jan and the subsequent interim trade agreement with the US, which lifted financial flows and supported markets through trade access, capital inflows, and policy stability, an RBI report said.RBI’s state of the economy report said the domestic economic landscape in…
New Delhi: The government on Friday launched seven measures under the export promotion mission (EPM), a Rs 25,060-crore initiative aimed at boosting exports by easing finance, compliance and logistics hurdles faced by MSMEs.Of the 11 proposed interventions under the scheme, 10 are now operational. Three measures were already implemented in Jan this year, namely, market…
Mumbai: Minutes of the Feb 4-6 meeting of Reserve Bank of India‘s Monetary Policy Committee (MPC) indicate the panel kept policy repo rate unchanged because growth is strengthening and inflation is benign, signalling a pause in easing with scope for future cuts if data permits.Comments of the rate-setting panel show broad agreement that the current…
Mumbai: Foreign exchange reserves rose by $8.66 billion to a record $725.73 billion in the week ended Feb 13, reflecting valuation gains in gold and non-dollar foreign currency assets amid global market volatility and a softer US dollar.Gold reserves rose by $4.99 billion to $128.47 billion following a surge in international gold prices. The increase…
M Nagaraju, Secretary, Department of Financial Services Mumbai: Govt is keeping a watch on the geopolitical situation in West Asia and is taking stock of India’s exposure in the region in case of conflict, said finance secretary M Nagaraju, while discussing external challenges facing banks and the economy. He also said that govt is looking…
Mumbai: Nearly three years after splitting from its Silicon Valley parent Sequoia Capital, Peak XV Partners (formerly Sequoia Capital India and Southeast Asia) has raised $1.3 billion for a clutch of funds to bet on startup founders building in India and the Asia-Pacific region. The capital will be deployed across three funds-India seed, India venture…
In a sharp rebuke to his trade agenda, US President Donald Trump lashed out at the Supreme Court of the United States on Friday after it struck down his sweeping global tariffs, calling the decision “ridiculous” and accusing some justices of undermining the country’s economic interests.In a strongly worded response, Trump said those members of…
The US Supreme Court on Friday struck down many tariffs imposed by Donald Trump, ruling that a key emergency law he relied on does not give presidents the authority to impose such duties. The 6–3 decision was a major defeat for Trump and a relatively rare instance of the court checking his efforts in a…
New Delhi: Swiss drug firm Novartis will sell its entire stake of nearly 71% in its listed Indian subsidiary for about Rs 1,446 crore to a clutch of private equity investors, led by ChrysCapital. The exit comes two years after the parent began a strategic review of its Indian subsidiary, including assessing its stake in…
PM Modi meets Chairman & CEO of Kyndryl, Martin Schroeter New Delhi: Artificial intelligence is no longer experimental, said Martin Schroeter, CEO of Kyndryl, one of the world’s largest IT infrastructure services providers. It is, he said, already reshaping how govts and enterprises operate, including in India. “It is the discussion that every customer wants…
