India’s foreign exchange reserves fell by $7.511 billion to $681.384 billion in the week ended May 22, extending their decline for a second consecutive week, according to data released by the Reserve Bank of India (RBI) on Friday, reported PTI. The reserves had dropped by $8.094 billion in the previous reporting week to $688.894 billion….
FDI was supposed to be the dependable kind of foreign money — the kind that built factories, brought technology and stayed for the long haul. FPI was the flighty cousin, quick to exit when markets turned. But India’s net FDI has now shrunk to a trickle as rising repatriation and disinvestment offset strong inflows. What…
Indian equity markets witnessed a sharp selloff on Friday, with the Sensex plunging more than 1,000 points and nearly Rs 5 lakh crore being wiped off investor wealth, as worries over a weak monsoon forecast, continued foreign investor selling and uncertainty around a US-Iran peace deal rattled sentiment.The Sensex closed 1,092.26 points lower at 74,775.74,…
NEW DELHI: The Centre is staring at a massive surge in its subsidy bill during the current fiscal year as fertiliser payouts may reach Rs 3.8 lakh crore – more than twice the budgeted level – against govt’s total budgeted subsidy bill of Rs 4.1 lakh crore for 2026-27.For cooking gas too, the budgeted subsidy…
The US expects to finalise an interim trade agreement with India in the coming weeks and months as both countries work to deepen economic and technology ties, US Ambassador to India Sergio Gor said on Thursday.“Our current interim trade agreement is on the table for us to finalise that will unlock prosperity for both of…
Mumbai: Reserve Bank of India has set for itself a packed agenda for 2026-27 with a review of the RBI Act and major technology upgrades, including the rollout of the next-generation core banking system e-Kuber 3.0, development of an alternate payment system, and creation of a unified enterprise platform. It also plans to build an…
“Indian equity markets are expected to open on a flat to mildly positive note, with Gift Nifty trading around 23,881, up by 8 points, indicating steady opening cues for domestic indices. Nifty ended on a flat to marginally negative note on 27th May 2026, closing at 23,907.15, down 6.55 points or 0.03%, amid profit booking…
Reliance Industries is taking “deliberate steps” to strengthen its digital unit, chairman Mukesh Ambani said in a note to shareholders, without sharing any updates on the planned listing of Jio Platforms that is expected to fetch as much as $4 billion.“We will continue to evaluate strategic pathways that can broaden stakeholder participation and support Jio’s…
Representative image (AI) US and Iran mediators are now engaged in high-stakes negotiations aimed at ending the conflict, despite a fragile ceasefire in place and months of turmoil in the Middle East triggered by Donald Trump’s ambitious military campaign launched on February 28.The possible truce plan includes key bargaining points between the two sides, including…
NEW DELHI: Tata Motors is witnessing a surge in electric vehicle demand as rising fuel prices and inflation concerns push more consumers towards lower running-cost mobility options, particularly in the affordable passenger vehicle segment.“There is a sharp jump in just two months; it is about 2 to 2.5 times what it used to be for…
