The Union Ministry of Railways said on Wednesday that India produced a record 1,681 locomotives across various categories in the financial year 2024-25. A railways spokesperson stated that this is an increase of 209 locomotives, or 19%, compared to the 1,472 locomotives produced in 2023-24. This record-breaking production is the highest ever for locomotive manufacturing…
A roadside currency exchange vendor counts notes in New Delhi, India, February 10, 2025. REUTERS/Priyanshu Singh | Photo Credit: PRIYANSHU SINGH The rupee slumped 26 paise to 85.78 against the U.S. dollar in early trade on Thursday, after U,S. President Donald Trump unleashed reciprocal tariffs on about 60 countries. The U.S. has announced 27% reciprocal…
The US reciprocal import duty is set to hit gem and jewellery exports which are already down 23 per cent this fiscal. The US is one of India’s largest jewellery export markets, accounting for almost 30 per cent of the share. Indian jewellery exports to the US are over $11 billion per year. Incidentally, India…
A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: REUTERS Equity benchmark indices Sensex and Nifty declined in early trade on Thursday (April 3, 2025) dragged down by IT stocks, weak trends from Asian markets after the U.S. has…
File picture of an electronic stock board showing Japan’s Nikkei index. | Photo Credit: AP Asian markets and U.S. futures tumbled Thursday (April 3, 2025) following U.S. President Donald Trump’s announcement of big increases in tariffs on imports of goods from around the world. Tokyo’s Nikkei 225 index dipped more than 3.4%, but recovered slightly….
Gold prices are heading to hit ₹1 lakh per 10 gram-mark given the growing concern on the US economy amid the ongoing trade tariff war. Gold prices have already moved up sharply by ₹11,983 per 10 grams or 7 per cent in last one month to ₹91,115 from ₹85,320 logged on March 2. Gold had…
Poonam Gupta is also a member of the Economic Advisory Council to the Prime Minister and Convener of the Advisory Council to the 16th Finance Commission. Photo: eacpm.gov.in The Government appointed Poonam Gupta as the Deputy Governor of The Reserve Bank of India (RBI) on April 1, 2025. Dr. Gupta will succeed Michael Debaprata Patra,…
Gold prices are heading to hit ₹1 lakh per 10 gram-mark given the growing concern on the US economy amid the ongoing trade tariff war. Gold prices have already moved up sharply by ₹11,983 per 10 grams or 7 per cent in last one month to ₹91,115 from ₹85,320 logged on March 2. Gold had…
Forex traders said the Indian rupee ended the first trading session of the fiscal year 2025-26 on a flat note over U.S. President Trump’s reciprocal tariffs concerns and foreign fund outflows. File | Photo Credit: The Hindu The rupee consolidated in a narrow range and settled for the day 2 paise lower at 85.52 (provisional)…
India’s manufacturing sector growth rose to an eight-month high in March, driven by quicker increases in factory orders and production amid buoyant demand conditions, said a monthly survey. File | Photo Credit: Paul Noronha Stock markets recovered on Wednesday (April 2, 2025) with benchmark Sensex closing higher by nearly 593 points on strong macro data…
