Arvind Subramanian, the former Chief Economic Adviser, and political scientist Devesh Kapur have come out with a new book ‘A Sixth of Humanity: Independent India’s Development Odyssey’. In a conversation with TCA Sharad Raghavan, they explain India’s development model, which is a blend of democracy, socialism and liberalisation.
In terms of volume, the payment transactions grew from 3,248 crore in Calendar Year (CY) 2019 to 20,849 crore in CY 2024. In terms of value, from ₹1,775 lakh crore to ₹2,830 lakh crore during this period according to Payments Systems Report, a bi-annual publication released by the Reserve Bank of India (RBI) on Thursday…
Equity benchmark indices Sensex and Nifty ended marginally higher on Thursday (October 23, 2025), helped by robust buying in IT and tech stocks amid growing optimism on the U.S.-India trade deal front. After hitting a 52-week high, indices reversed most of their intra-day gains on fag-end profit-taking after sentiment turned cautious amid concerns over U.S….
At the interbank foreign exchange, the rupee opened at 87.80 and touched an intraday low of 87.96 before settling at 87.86 (provisional), registering a rise of 7 paise from its previous close. Representational image. | Photo Credit: Getty Images/iStockphoto The rupee appreciated by seven paise to close at 87.86 (provisional) against the U.S. dollar on…
Lab grown diamonds | Photo Credit: ARKO DATTA Lab-grown diamonds are losing their appeal due to oversupply and consumer preferences are starting to shift back to natural stones, World Diamond Council President Feriel Zerouki has said. The natural diamond industry has seen a price slump since mid-2022 after peaking earlier that year, mainly due to…
Images used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Equity benchmark indices Sensex and Nifty surged in early trade on Thursday amid growing optimism on the U.S.-India trade deal front. Fresh foreign fund inflows and buying in IT stocks also drove the markets higher during the initial trade. The 30-share BSE Sensex jumped…
Image used for representation purpose only. The rupee appreciated 13 paise to 87.80 against the U.S. dollar in early trade on Thursday (October 23, 2025), supported by optimism on the U.S.-India trade deal front. Forex traders said foreign fund inflows, a positive trend in domestic equities and risk-on sentiments boosted investor sentiments. At the interbank…
ROBUST RESERVES: The Reserve Bank of India’s gold reserves rose above 880 metric tonnes in the first half of 2025-26, valued at USD 95 billion | Photo Credit: iStockphoto The Reserve Bank’s gold reserves crossed 880 metric tonnes in the first half of 2025-26 with the central bank adding 0.2 metric tonnes in the last…
The benchmark indices ended marginally higher in the special Muhurat trading session on Tuesday (October 21, 2025). File Photo: Special Arrangement | Photo Credit: Stock markets remained closed on Wednesday (October 22, 2025) on account of the festival holiday of Bali Pratipada. As per the official National Stock Exchange (NSE) holiday calendar, the markets are…
Despite the recent fall both the precious metals remain significantly higher year-to-date, supported by Fed easing expectations and lingering safe-haven demand. | Photo Credit: istock.com Gold prices have been on a free fall in the last couple of days and closed at ₹1,27,633 per 10 grams on Monday against a new high of ₹1,29,584 logged…
