Diamantaire Nirav Modi’s repeated attempts to secure bail have failed as the London High Court rejected his latest plea, keeping him in custody as India seeks his extradition for the massive Punjab National Bank fraud. Illustration: Dominic Xavier/Rediff Key Points
India’s reserve position with the IMF was also up by $44 million to $4.75 billion in the reporting week. India’s forex reserves jumped by another $14.36 billion to a new all-time high of $723.77 billion during the week ended January
Domestic equity markets traded largely subdued through most of the session before staging a late recovery, supported by selective buying in FMCG and private banking stocks. Photograph: Danish Siddiqui/Reuters Key Points BSE Sensex advanced 266.47 points NSE Nifty climbed 50.90
‘This Budget has a one-year agenda, which you can call the sprint, and the marathon is towards Viksit Bharat.’ Illustration: Dominic Xavier/Rediff Key Points Debt-to-GDP glide path not fully back-ended FY26 is not an exception; delays are due to pending
In a major win for homebuyers, the Supreme Court has ordered NBCC to complete 16 stalled Supertech housing projects, bringing hope to thousands who have waited years for their dream homes. Photograph: Danish Siddiqui/Reuters Key Points The Supreme Court has
Forex traders said significant corporate dollar demand and a weak trend in domestic equities restricted the upside for the local unit. The rupee appreciated 13 paise to close at 90.34 against the US dollar on Thursday, on trade deal optimism
Bharti Airtel’s Q3 2025 results reveal a significant drop in net profit despite revenue growth, highlighting the impact of rising operational costs and strategic investments in the competitive telecom market. Photograph: Rupak De Chowdhuri/Reuters Key Points Bharti Airtel’s consolidated net
This Budget positions India’s taxation ideology as not merely a revenue source but as a strategic catalyst for growth, inclusion and long-term confidence. IMAGE: Finance Minister Nirmala Sitharaman presents Budget 2026 in the Lok Sabha. Photograph: Sansad TV on YouTube
Noting that in 2024, America’s agricultural trade deficit with India was $1.3 billion, United States Trade Representative Jamieson Greer said India’s growing population is an “important market” for American agricultural products and the deal will go a long way to reducing
Indian tariffs on EU pharma and chemical exports will drop to zero from the current 11 per cent and 22 per cent, respectively. The European Union’s (EU’s) offer to slash tariffs on 97.5 per cent of Indian chemical exports to
