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A view of the Bombay Stock Exchange in Mumbai. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty rebounded in early trade on Friday (August 29, 2025) after two days of sharp decline amid value-buying at lower levels. The 30-share BSE Sensex climbed 197.11 points to 80,277.68 in initial trade. The 50-share NSE Nifty…
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Former RBI Governor Urjit Patel has been appointed as IMF executive director a for a period of three years | Photo Credit: Reuters Former Reserve Bank of India Governor Urjit Patel has been appointed as executive director at the International Monetary Fund, a government statement showed on Friday (August 29, 2025). Mr. Patel has been…
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The story so far: The 50% tariffs imposed by the U.S. on imports from India came into effect on August 27, sending ripples through the Indian economy and the government. Several sectors, many of them labour-intensive, have the U.S. as a major export destination, and many are already seeing a significant dip in demand. The…
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Image for representational purposes only. | Photo Credit: Getty Images The removal of the additional 25% tariff on India is not a prerequisite for trade negotiations to resume between India and the U.S., but a trade deal would not “be practical” if these tariffs were to remain, according to government sources. They added that while…
The manufacturing sector grew at a six-month high of 5.4% in July 2025, compared to 4.7% in July 2024. | Photo Credit: K.K. Mustafah Industrial growth jumped to a four-month high of 3.5% in July 2025, driven by a broad-based recovery in the manufacturing, electricity, capital, and consumer goods sectors. However, the Index of Industrial…
Read More “IIP growth recovers to four-month high of 3.5% on broad-based growth” »
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.16% to 98.07. Representational file image. | Photo Credit: AP The rupee rose by 6 paise to close at 87.63 (provisional) against the U.S. dollar on Thursday (August 28, 2025), aided by a weaker greenback and a decline in crude…
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A man walks near a screen outside the Bombay Stock Exchange (BSE) in Mumbai, on August 28, 2025 | Photo Credit: Reuters Stock market benchmark indices tumbled on Thursday (August 28, 2025), with the Sensex cracking 706 points, as the additional 25% tariff imposed by U.S. President Donald Trump on India for its purchases of…
The imposition of 50% tariffs (25% reciprocal plus 25% penalty) by the U.S. on gem and jewellery is expected to lead to a revenue fall of India’s natural diamond polishing industry by a steep 28-30% to $12.50 billion this fiscal, compared with $16 billion last fiscal, CRISIL Ratings said in a note. The blow will follow…
Image for representation only | Photo Credit: Reuters Bank of Baroda on Thursday (August 28, 2025) has announced a reduction in its car loan interest rates. Its floating car loan interest rates now start from 8.15% p.a. (earlier 8.40% p.a.), with immediate effect. “The rate cut is over and above the rate reduction by the…
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Bombay Stock Exchange (BSE) in Mumbai. | Photo Credit: REUTERS Textile, leather, gems and jewellery stocks declined on Thursday morning trade as the steep 50% tariff on Indian goods entering the United States came into effect. Shares of Alok Industries tanked 4.13%, Raymond Lifestyle fell by 3.66%, Siyaram Silk Mills dropped 2.92%, Welspun Living declined…
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