India’s forex reserves experienced a significant dip of $7 billion, as reported by the RBI, prompting analysis of the contributing factors and potential impact on the Indian economy. Illustration: Dado Ruvic/Reuters Key Points India’s forex reserves decreased by $7.052 billion
India’s core sector growth experienced a slowdown in February, dropping to a three-month low of 2.3% due to contractions in crude oil, natural gas, and refinery products, raising concerns about overall economic momentum. Photograph: Richard Carson/Reuters Key Points India’s core
In a major crackdown, India has blocked 300 illegal gambling websites and apps, reinforcing its commitment to regulating online gaming and protecting citizens from the harms of online money games. IMAGE: Illustration: Dominic Xavier/Rediff.com Key Points The Indian government has
Hindustan Petroleum Corporation has increased prices of its premium petrol variant by a little over ₹2 per litre, sources told CNBC-TV18, even as regular petrol prices remain unchanged. In the national capital, the price of premium petrol has been revised
Gold prices have seen a sharp drawdown from all-time high levels hit in January this year as investors booked profits following one-way rallies. Now, a fresh catalyst has emerged, which is aiding the bearish sentiment — the US-Iran war. The
LNG is the weakest link in India’s fuel-supply chain. Photograph: Yuriko Nakao/Reuters Key Points India needs 1-1.5 million tonnes of LNG a month. trimmed allocations of natural gas for consumers. India received 10 cargos in March to date, the Kpler
‘Every day the meter is ticking. Like a time bomb.’Shipping giants are billing Indian exporters up to $3,000 per container in war surcharges — on cargo that sailed before the war began — as the Strait of Hormuz shuts down.
Atanu Chakraborty’s sudden resignation as HDFC Bank chairman, citing ethical concerns, has triggered leadership changes and raised questions about governance at the country’s second-largest lender. IMAGE: A file photo of Atanu Chakraborty with Finance Minister Nirmala Sitharaman. Photograph: ANI Photo
Stock markets plummet over 3% due to soaring crude oil prices and weak global cues. Sensex and Nifty see biggest drop since June 2024. Photograph: Francis Mascarenhas/Reuters Key Points Sensex and Nifty both plummeted over 3% due to surging crude
HDFC Bank has moved to reassure stakeholders following the resignation of its part-time Chairman Atanu Chakraborty, asserting that there are no regulatory or operational concerns linked to his exit, while appointing Keki Mistry as interim chairman for three months. Addressing
