Artificial Intelligence, innovation and next-generation technologies figured prominently during the high-stakes discussion between Prime Minister Narendra Modi and US President Donald Trump at the White House, as the two sides announced transformative measures, including the US-India TRUST initiative, roadmap on
‘It can position itself as a China Plus One solution, fulfilling the demands of developed economies.’ Photograph: Kind courtesy Essar Group As President Donald Trump rolls out his Make in America plans, India’s Essar Group is finalising an additional $650
India’s forex reserves jumped by $7.65 billion to $638.26 billion in the week ended February 7, the RBI said on Friday. Photograph: Lisa Marie David/Reuters This is the third consecutive week of a jump in the kitty, which had increased
‘Expect FPIs to continue selling for several months until the rupee stabilises.’ Foreign portfolio investors (FPIs) have sold over $10 billion (more than Rs 97,000 crore/Rs 970 billion) worth of Indian equities in the first six weeks of 2025
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani. IMAGE: Union Finance Minister Nirmala Sitharaman addresses a press conference, New
Finance Minister Nirmala Sitharaman on Monday clarified in the Lok Sabha that India’s rising gold reserves, including those held by the Reserve Bank of India (RBI), is not intended to replace any international currency. Photograph: Arnd Wiegmann/Reuters She responded to
Reserve Bank Governor Sanjay Malhotra on Friday said the exchange rate policy has remained consistent over the years and the central bank does not target any ‘specific level or band’ of the rupee, which slipped to an all-time low of
Investors would track a host of macroeconomic data announcements scheduled this week, including inflation numbers, and also monitor global market trends, and trading activity of foreign institutional investors, analysts said. The ongoing quarterly earnings announcements and the rupee-dollar trend would
The repo rate cut by 25 basis points by the monetary policy committee (MPC) of RBI announced Friday will give a long-awaited relief on interest rates and also be supportive of economic growth, according to experts. Photograph: Francis Mascarenhas/Reuters Repo
Finance Minister Nirmala Sitharaman on Saturday said she is likely to introduce the new income tax bill, which will replace the six-decade-old I-T Act, in the Lok Sabha in the coming week. Photograph: ANI Photo After introduction in the Upper
