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The NDA 3.0 government must use its enormous political capital to implement ‘politically difficult’ structural reforms in the upcoming budget to promote growth and job creation, former RBI Governor D. Subbarao said on Thursday (January 23, 2025). The Union Budget for 2025-26, to be presented by Finance Minister Nirmala Sitharaman on February 1, comes amid…
Walmart has announced strategic pilots with India-based startups. File | Photo Credit: Reuters America’s mega retail chain Walmart has announced strategic pilots with India-based startups to provide solutions for its U.S. supply chain and sourcing operations. “Tech innovation is what drives real-world solutions to move forward a globally resilient supply chain. By collaborating with global…
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The 30-share BSE Sensex opened on a negative note to plunge 202.87 points, or 0.26%, to 76,202.12 in the morning trade. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty pared all the losses to trade higher early on Thursday (January 23, 2025) following buying in IT stocks and a rally in Asian…
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The rupee declined 5 paise to 86.40 against the US dollar in early trade on Thursday (January 23, 2025) amid a strengthening greenback. While a drop in crude oil rates and an upward trend in the domestic equity markets prevented further decline in the local currency, forex traders expected it to remain volatile throughout the…
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Nasscom on Wednesday (January 22, 2025) said H-1B visas have nothing to do with immigration issues and instead fill the critical skills gap in the U.S., as the apex industry body asserted that technology will be the “lynchpin” of U.S. economic growth, triggering the continued need for “win-win partnerships” between companies on both sides. Nasscom…
Farmers harvesting their jute crops in flood waters in Gagolmari village of Morigaon district of Assam. | Photo Credit: The Hindu The Cabinet Committee on Economic Affairs (CCEA) has fixed the Minimum Support Price (MSP) of raw jute for 2025-26 marketing season at ₹5,650 per quintal. The new price is an increase of ₹315 per…
By some accounts, four Indian rupees could have got you one US dollar in 1947. Now, you need close to 87 rupees to buy one dollar. With Trump having become the US president for the second time, the dollar has strengthened over the past couple of months, automatically weakening other currencies such as the rupee….
A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad. | Photo Credit: REUTERS The rupee appreciated 25 paise to close at 86.33 (provisional) against the U.S. dollar on Wednesday (January 22, 2025), supported by positive domestic equities and soft U.S. dollar index. Forex traders said the rupee is likely…
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Congress leader Jairam Ramesh. File | Photo Credit: PTI The Congress on Wednesday (January 22, 2025) claimed that it is becoming clear that the “disappointing” Quarter 2 Gross Domestic Product (GDP) growth numbers are not a blip but a clear slowdown in the economy and the post-pandemic bump is not broad-based enough to power long-term…
Image used for representative purpose only | Photo Credit: Reuters Benchmark Sensex rebounded nearly 567 points and Nifty regained 23,150 level on Wednesday (January 22, 2025) following gains in blue-chip stocks Infosys, HDFC Bank and Tata Consultancy Services, and firm global trends. The 30-share BSE Sensex surged 566.63 points or 0.75% to close at 76,404.99….
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