Forex watch: Reserves fall $4.38 bn to $690.72 bn, FCA and gold drag holdings
India’s foreign exchange reserves decreased by $4.386 billion, reaching $690.72 billion in the week ending August 22, according to the RBI. This decline was primarily ...
Fiscal deficit: Gap widens to 29.9% of FY26 target by July-end, CGA data signals strain
India’s fiscal deficit reached 29.9% of its full-year target by July, surpassing the previous year’s 17.2%. Despite this, the Indian economy experienced robust growth of ...
Currency watch: Rupee plunges 61 paise to all-time low of 88.19 vs dollar; FIIs add to pressure
The rupee plummeted to a record low of 88.19 against the dollar amid escalating trade tensions with the US, month-end dollar demand, and continuous foreign ...
India’s GDP grows at robust 7.8% in Q1 FY26; beats estimates by wide margin – key highlights
India’s GDP surged by 7.8% in the first quarter of FY 2025-26, exceeding expectations and surpassing the previous year’s 6.5% growth. This robust performance is ...
AI rush: RIL, Meta set up Rs 855 cr JV, Google joins for AI-ready data centres
Reliance Industries and Meta have partnered to develop AI solutions for Indian businesses, investing ₹855 crore initially. Reliance will hold a 70% stake, leveraging Meta’s ...
GST reforms: Slab cuts to simplify taxes, lower prices and boost consumption, says BoB report
India is poised to overhaul its GST structure, reducing tax slabs from four to two. This reform aims to lower rates on essential goods and ...
US copper tariffs: India may seek WTO talks amid export risks; similar action in steel, auto cases earlier
India is contemplating WTO consultations with the US over newly imposed copper import tariffs, mirroring previous disputes regarding steel, aluminium, and automotive sectors. The US ...
US postal policy shift: De minimis ends after 86 years- all you need to know about the scrapped rule
America ends duty-free entry for small packages. This impacts e-commerce deliveries. The de minimis exemption allowed duty-free imports under $800. Concerns about misuse prompted the ...
‘In India, capital multiplies’: PM Modi in Tokyo; pitches ‘perfect partnership’ with Japan
Prime Minister Modi, during his Tokyo visit, asserted that India and Japan are uniquely positioned to guide Asia towards stability and prosperity. He highlighted India’s ...
‘Will neither bow down nor appear weak’: Piyush Goyal on trade deals with India; message amid US tariffs
Piyush Goyal says India will prioritize self-respect in trade talks. India is ready for free trade agreements, but not at the cost of national pride. ...
