India’s forex reserves experienced a significant drop of $11.41 billion, primarily due to a decrease in gold reserves, raising concerns about the nation’s financial stability. Illustration: Dado Ruvic/Reuters Key Points India’s forex reserves decreased by $11.413 billion, reaching $698.346 billion.
Despite global economic headwinds, the OECD forecasts robust GDP growth for India, projecting 7.6% for the current fiscal year and 6.1% in 2026-27, driven by factors like declining US tariffs but tempered by potential energy price shocks and gas rationing.
India has launched an investigation into allegedly subsidised paperboard imports from China and Indonesia to protect its IMAGE: An employee transports a giant reel of paper inside a cardboard box manufacturing company. Photograph: Stephane Mahe/Reuters Key Points India has launched
Wadhwani Foundation CEO Ajay Kela asserts India’s prime position to spearhead technology diffusion, enabling widespread access and impactful applications for millions of users nationwide. IMAGE: Illustration: Dominic Xavier/Rediff.com Key Points India has a major opportunity to lead in the diffusion
OnePlus India CEO Robin Liu has resigned as the company grapples with declining shipments and increased competition in the smartphone market, raising questions about the future strategy of the brand. Photograph: Ashish Narsale/Rediff, Prasanna D Zore/Rediff Key Points OnePlus India
Sebi suggested a cap of Rs 50,000 per investor per financial year for investments made through gift PPIs. Photograph: Francis Mascarenhas/Reuters Key Points These PPIs will be funded only through electronic bank transfer or UPI Sebi suggested a cap of
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
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
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.
