Equity benchmark indices Sensex and Nifty fell on Friday, extending their downward journey to the third day, as investors continued to reel under pressure caused by the imposition of high tariffs and relentless foreign fund outflows. Photograph: Francis Mascarenhas/Reuters The
India’s forex reserves dropped $4.39 billion to $690.72 billion for the week ended August 22, the Reserve Bank of India (RBI) said on Friday. Photograph: Dado Ruvic/Reuters The overall reserves had jumped $1.49 billion to $695.11 billion in the previous
Indian economy grew by 7.8 per cent in April-June — the highest in five quarters — before the disruptive US tariffs were imposed. Photograph: Bhawika Chhabra/Reuters The GDP growth in the first quarter of the ongoing fiscal year was mainly
Reliance Industries Chairman and Managing Director Mukesh Ambani on Friday, August 29, speaking at the company’s annual general meeting, said its New Energy business possesses the potential to become as big as its Oil-to-Chemicals (O2C) business in the next 5-7
Although losses were limited on Friday (August 29), both benchmark indices extended their losing streak for a third straight session as investor sentiment remained weak, weighed down by higher US tariffs and their potential impact on various sectors. Despite starting
IndiGo promoter Rakesh Gangwal’s family trust on Thursday sold a 1.3 per cent stake in the country’s largest airline for Rs 2,933 crore through open market transactions, cumulatively offloading shares worth Rs 14,497 crore so far this year. Photograph: Priyanshu
Persisting uncertainties related to the US trade policies pose downside risk to the overall demand in the Indian economy while the inflation outlook for the near term has become more benign than anticipated earlier, RBI said in its latest bulletin
Global funds’ assets under custody (AUC) in India have been flat this year, with a Rs 2 trillion drop in information technology (IT) holdings offset by gains in financial stocks. Illustration: Uttam Ghosh AUC is the total market value of
Stock market benchmark indices tumbled on Thursday, with the Sensex cracking 706 points, as the additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect. Photograph: Francis Mascarenhas/Reuters
Infosys and Mastercard on Thursday announced a strategic collaboration to scale cross-border payments, integrating Mastercard’s money movement capabilities with Infosys Finacle, the digital banking suite from its subsidiary EdgeVerve Systems. The partnership will give financial institutions quicker, more efficient access
