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
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
‘If the near-term economic pain is absorbed more by those who have the ability and the financial strength to do so, then small and medium enterprises in downstream industries will emerge stronger from the trade imbroglio.’ Illustration: Dominic Xavier/Rediff
Communication channels between India and the US are open to resolve the ongoing tariff issues, and the glitch in trade ties is only temporary, given the long-term relationship between the two nations, government sources said on Wednesday. Illustration: Dominic Xavier/Rediff
The USA’s steep 50 per cent tariffs on Indian goods entering America will severely impact exports and job creation in labour-intensive export sectors such as shrimp, apparel, leather and gems and jewellery. Illustration: Dominic Xavier/Rediff Exporters said that the imposition
Ratings firm Crisil said on Wednesday that the uncertainties surrounding the US tariffs might be a new hindrance to capital expenditure decisions in the current financial year. Illustration: Dominic Xavier/Rediff The additional 25 per cent tariff imposed by US President
