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Image for representation | Photo Credit: Reuters The rupee depreciated 14 paise to hit record low of 87.57 against the U.S. dollar in early trade on Thursday (February 6, 2025) weighed down by anticipation of an RBI rate cut and weak economic data. Forex traders said the Indian rupee opened on a weak note and…
Read More “Rupee falls 14 paise to hit record low of 87.57 against U.S. dollar in early trade” »
West Bengal Chief Minister Mamata Banerjee with Mukesh Ambani at the 8th edition of Bengal Global Business Summit on February 5, 2025 | Photo Credit: Debasish Bhaduri Reliance Industries chairman Mukesh Ambani on Wednesday (February 5, 2025) said that the group will double its investment in West Bengal by the end of the decade. “In…
Read More “Reliance to double investments in West Bengal by end of decade, says Mukesh Ambani” »
‘The overarching aim of the Budget was to accelerate growth and push India towards a developed country status’ | Photo Credit: PTI The Union Budget has got many things right. Its projection of nominal GDP growth for 2025-26, at 10.1%, is reasonable and acceptable. The Economic Survey 2024-25 had indicated a real GDP growth in…
Read More “A Budget that is mostly good but with one wrong move” »
The Reserve Bank of India’s Monetary Policy Committee (MPC) will conclude its first policy review of 2025 on Friday (February 7, 2025), in significantly different circumstances from its December 2024 meet. For one, the key personnel have changed. The RBI has a new Governor, with former Revenue Secretary Sanjay Malhotra replacing Shaktikanta Das soon after…
Read More “A tough call: On the RBI MPC’s first policy review of 2025” »
‘It is our collective responsibility now to build on this momentum’ | Photo Credit: Getty Images/iStockphoto The Union Budget 2025-26 lays a robust foundation for India to assert its leadership in global health care and innovation, with strategic announcements that bolster medical infrastructure, expand educational opportunities, and promote global collaboration. With a ₹90,958 crore health-care…
Read More “A green signal for India to assert its health leadership” »
In the latest budget speech, the Indian Finance Minister reiterated an earlier-articulated goal for Nuclear Energy capacity—to reach 100 GW by 2047. Where are we now? At 8 GW. Does the goal sound more than just a bit ambitious? In this episode, we will learn a tiny bit of nuclear science as well as about…
GUWAHATI The participation of women in the stock market is among the highest in India but investors in the State are among the most susceptible to online trading scams, officials of the Securities and Exchange Board of India (SEBI) said on Wednesday, February 5, 2025. A SEBI official said Assam has been a rising force…
A vendor walks past by a poster of bear and bull in south Mumbai. File Taking a breather after recent rally, stock markets closed lower on Wednesday (February 5, 2025) as investors turned cautious ahead of the RBI’s monetary policy decision later this week and trade war concerns. The 30-share BSE Sensex declined 312.53 points…
Read More “Sensex drops 312 points on selling in consumption stocks ahead of RBI policy” »
India has accused South Korea’s Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi over tariffs, according to a document and two sources. Kia competes with Hyundai and Maruti Suzuki in the world’s third-largest auto market, where…
Read More “India accuses Kia of evading taxes of $155 million: Report” »
Zomato Founder and CEO Deepinder Goyal said that the company received over 18,000 applications. File | Photo Credit: Reuters Zomato Founder and CEO Deepinder Goyal, who recently faced online outrage for the eligibility criteria for a Chief of Staff vacancy, said on Wednesday (February 5, 2025) that the company received over 18,000 applications, with 30…
