Indian market recovers during early trade, Sensex rises by 1,000 points
Apr 08, 2025, at 10:31 am
The Indian stock market opened in green during early trade on Tuesday, a day after it witnessed a massive fall following US President Donald Trump's reciprocal tariff announcement.
Axis Bank introduces In-App Mobile OTP to enhance digital security
Apr 07, 2025, at 07:01 pm
Private lender Axis Bank has introduced an industry-first ‘In-App Mobile OTP’ feature on its mobile app, ‘open’, to enhance authentication security and protect customers from rising OTP-related frauds and scams.
Indian govt hikes excise duty on petrol, diesel
Apr 07, 2025, at 04:54 pm
The Indian government has hiked the excise duty on petrol and diesel prices by Rs. 2 per litre.
Finance Minister Nirmala Sitharaman to embark on official visit to UK, Austria tomorrow
Apr 07, 2025, at 03:06 pm
Indian Finance Minister Nirmala Sitharaman will embark on an official visit to the United Kingdom and Austria on Tuesday, where she is expected to attend ministerial-level bilateral meetings.
Sensex, Nifty register massive fall during opening trade amid tariff tension
Apr 07, 2025, at 09:54 am
The Indian market plunged in red during early trade, with the Sensex crashing by 3,000 points and Nifty 50 slipping below 21,800 on Monday.
Apr 06, 2025, at 03:35 pm
New Delhi: A semiconductor startup founder has issued a blistering open letter to Commerce Minister Piyush Goyal, hitting out at India’s bureaucratic machinery for blocking genuine deep-tech efforts.
BJP MP slams Zepto CEO's reply to Piyus Goyal's criticism of Indian start ups
Apr 06, 2025, at 01:10 am
New Delhi: BJP MP Praveen Khandelwal came down heavily on Zepto CEO Aadit Palicha’s response to Union Minister Piyush Goyal’s recent remarks on Indian startups, terming it “misplaced and illogical.”
Anand Mahindra sees opportunity for India amid Trump’s tariff storm
Apr 05, 2025, at 11:00 pm
Mumbai: Donald Trump’s sweeping tariff measures have sent ripples through the global economy, hitting Asian nations such as China, India and Vietnam particularly hard.
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.