RBI to soon issue ₹10 and ₹500 notes with new Guv Sanjay Malhotra’s signature
Apr 05, 2025, at 12:20 am
Mumbai: The Reserve Bank of India (RBI) on Friday announced that it will shortly release ₹10 and ₹500 denomination banknotes in the Mahatma Gandhi (New) Series featuring the signature of Governor Sanjay Malhotra.
India’s growth outlook dims after US tariffs; deeper rate cuts likely, say analysts: Report
Apr 05, 2025, at 12:04 am
New Delhi: India’s economic growth in the current financial year could dip by 20 to 40 basis points following fresh tariffs imposed by the United States, potentially prompting the Reserve Bank of India (RBI) to take a more aggressive stance on rate cuts, Reuters reported, citing economists.
India’s forex reserves jump $6.6 billion to hit five-month high
Apr 04, 2025, at 11:51 pm
New Delhi: India’s foreign exchange reserves climbed by $6.6 billion, reaching a five-month peak of $665.4 billion for the week ending March 28, 2025, according to data released by the Reserve Bank of India (RBI) on Friday.
Andhra Pradesh Cabinet clears ₹1.35 lakh crore ArcelorMittal Nippon Steel plant
Apr 04, 2025, at 11:13 pm
Amaravati (Andhra Pradesh): The Andhra Pradesh Cabinet on Thursday approved the establishment of a ₹1.35 lakh crore ArcelorMittal Nippon Steel India (AM/NS India) steel plant, aimed at boosting industrialisation and large-scale employment, PTI reported.
India Fintech Foundation launched as new self-regulatory body for fintech sector
Apr 04, 2025, at 11:06 pm
New Delhi India Fintech Foundation, a newly proposed self-regulatory organisation (SRO) for the fintech sector, was unveiled at the Startup Mahakumbh event in Delhi, media reports said.
WTO, IMF warn US tariffs could trigger trade war, shrink global trade volumes
Apr 04, 2025, at 07:37 pm
New Delhi: The World Trade Organisation (WTO) and the International Monetary Fund (IMF) have sounded the alarm over the latest US reciprocal tariffs, warning that they could destabilise the global trade order and spark a prolonged trade war with major economies such as China and the European Union, The Economic Times reported.
Trump's auto tariffs could add over $30 billion to car prices, cut US sales: Report
Apr 04, 2025, at 12:02 am
Washington DC: Trump’s 25% tariff on auto imports could cost US consumers over $30 billion in higher car prices and reduced sales within the first full year, according to a study by consultancy firm Anderson Economic Group (AEG) released on Thursday.
India tightens steel procurement rules to boost domestic manufacturing
Apr 03, 2025, at 10:50 pm
New Delhi: India has tightened its steel procurement rules to favour domestic manufacturers, as mills struggle with falling iron and steel prices due to a surge in cheaper imports, Reuters reported, citing a government notification.
US stocks plunge as Trump's sweeping tariffs fuel recession fears
Apr 03, 2025, at 10:30 pm
New York: US stock indexes plummeted on Thursday, led by steep losses in heavyweight technology stocks, as President Donald Trump’s extensive tariffs on major trading partners stoked fears of an escalating trade war and a potential global economic recession, Reuters reported.
US reciprocal tariffs: Indian pharma's exemption highlights dependence on generic meds
Apr 03, 2025, at 09:24 pm
New Delhi: The US administration's decision to exempt pharmaceuticals from reciprocal tariffs emphasises the essential role of generic medicines in global healthcare, according to Indian Pharmaceutical Alliance (IPA) Secretary General Sudarshan Jain, reported PTI.
‘Modi spoke about GDP in PPP terms’: Mohandas Pai schools Kerala Congress over PM’s criticism
Apr 03, 2025, at 12:12 am
Former Infosys CFO and Chairman of Aarin Capital, Mohandas Pai, on Wednesday slammed the Kerala Congress for ridiculing Prime Minister Narendra Modi’s 2015 remark about India being an $8 trillion economy.
India’s forex reserves at $658.8 billion, sufficient for 11 months of imports: Sitharaman
Apr 02, 2025, at 11:04 pm
New Delhi: India holds the fourth-largest foreign exchange reserves globally, amounting to $658.8 billion—sufficient to cover 11 months of imports, Finance Minister Nirmala Sitharaman has informed the Rajya Sabha.
Foxconn procures $32M machinery for Apple production in India amid China-related delays
Apr 02, 2025, at 09:19 pm
Bengaluru: Taiwanese electronics giant Foxconn has purchased manufacturing equipment worth $32 million (approximately ₹276 crore) to expand Apple production in India, media reports said.
Hindalco unveils $5.19B investment plan, aims for quadrupled recycling capacity and lower emissions
Apr 02, 2025, at 09:09 pm
Mumbai: Hindalco Industries has outlined a comprehensive growth plan centred on sustainability, recycling, and capital investment, media reports said.
Tata Semiconductor appoints K.C. Ang to lead chip foundry business in India
Apr 02, 2025, at 05:56 pm
New Delhi: Tata Semiconductor Manufacturing, a subsidiary of Tata Electronics Private Ltd, has appointed K.C. Ang, a seasoned semiconductor executive, to oversee its chip foundry operations, media reported.
Govt appoints NCAER’s Poonam Gupta as RBI Deputy Governor for three-year term
Apr 02, 2025, at 04:39 pm
New Delhi: The government has approved the appointment of Poonam Gupta, Director General of the National Council of Applied Economic Research (NCAER), as the Deputy Governor of the Reserve Bank of India (RBI) for a three-year term, PTI reported, citing sources.
ITC announces strategic acquisition of Pulp & Paper Undertaking of Aditya Birla Real Estate Limited
Apr 01, 2025, at 01:33 am
ITC Limited has signed a Business Transfer Agreement on Monday to acquire the Pulp and Paper Undertaking (‘CPP’) of Aditya Birla Real Estate Limited (‘ABREL’).
Mar 31, 2025, at 09:38 pm
New Delhi/IBNS: In a landmark moment for the two-decade-old India-US civil nuclear deal, the US Department of Energy (DoE) has given the final approval allowing an American company to jointly design and build nuclear power plants in India, media reports said.
India's copper demand set to rise 7% amid renewable energy boom
Mar 30, 2025, at 08:40 pm
New Delhi: India's copper demand is projected to grow by around 7% in the coming years, fuelled by renewable energy expansion and infrastructure development, The Times of India reported, citing officials.
IndiGo fined ₹944 crore by Income Tax Dept, calls order ‘erroneous’
Mar 30, 2025, at 07:19 pm
New Delhi: InterGlobe Aviation Ltd, the parent company of IndiGo, has received a ₹944.20 crore fine from the Income Tax Department for the Assessment Year 2021-22, media reports said.
Mar 30, 2025, at 05:04 pm
New Delhi: Nearly two decades after its signing, the India-US civil nuclear deal has taken a major step forward.
Aadhaar architect Nandan Nilekani says energy sector poised to become India's next UPI
Mar 30, 2025, at 04:12 pm
Bengaluru: Drawing a parallel to the Unified Payments Interface (UPI), which has transformed digital transactions, Infosys co-founder Nandan Nilekani predicted that India’s energy sector will create millions of micro-entrepreneurs, media reports said.
Luminous partners with SBI to expand solar financing in India
Mar 29, 2025, at 05:49 pm
In an important step towards accelerating solar adoption in the country, Luminous Power Technologies, India's leading solar energy solutions company, has signed a memorandum of understanding (MoU) with India’s largest national bank, the State Bank of India (SBI) to expand its access to solar financing for citizens all over India.
RBI plans to double foreign investor cap in listed firms to 10% to boost inflows: Report
Mar 28, 2025, at 10:44 pm
Mumbai: The Reserve Bank of India (RBI) is set to increase the cap on investments by individual foreign investors in listed Indian companies from 5% to 10% in an effort to boost capital inflows, Reuters reported.
India's core sector growth slows to 2.9% in Feb, dragged by crude oil, gas
Mar 28, 2025, at 10:07 pm
New Delhi: India's core sector growth eased to 2.9% in February, down from 4.6% in January 2025, according to official data released on Friday.
Sara Ali Khan on finances: ‘Mom handles my money, even my GPay’
Mar 28, 2025, at 09:12 pm
Mumbai: Bollywood actor Sara Ali Khan is mindful about spending her money and avoids frivolous expenditures. During a session at Times Now Summit 2025, she revealed that her money matters are in the capable hands of her mother, Amrita Singh, and even her GPay account is linked to her mom’s phone number.
Indian govt approves ₹37,216 cr fertiliser subsidy for kharif 2025 under NBS scheme
Mar 28, 2025, at 07:34 pm
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved nutrient-based subsidy (NBS) rates for phosphatic and potassic (P&K) fertilisers for the Kharif 2025 season, covering April 1 to September 30.
Air India Express announces 'Payday Sale' with fares starting from Rs. 1499
Mar 28, 2025, at 06:12 pm
Aviation major Air India Express has launched its 'Payday Sale,' offering Xpress Value fares from ₹1,499 and zero check-in baggage ‘Xpress Lite’ fares starting from Rs. 1,429 available for logged-in members booking on the airline’s award-winning website, www.airindiaexpress.com.
Govt approves 2% DA hike for central govt employees, pensioners from Jan 1
Mar 28, 2025, at 05:59 pm
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a 2% increase in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners.
India considers tariff cuts on US farm goods amid Trump’s trade threats
Mar 28, 2025, at 05:44 pm
New Delhi: Amid escalating tariff tensions with US President Donald Trump, India has proposed lowering import duties on American farm products, including almonds and cranberries, according to two government sources cited by Reuters.