“Combined with supportive government and RBI policies, this situation bodes well for the Indian economy in the near term,” Reserve Bank of India (RBI) Governor Sanjay Malhotra said. File | Photo Credit: Reuters In an unanimous decision the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept the repo rate unchanged at 5.5%…
Experts are of the opinion that the Reserve Bank may go in for a status quo this time and wait for more macro data after the announcement by the U.S. to impose 25% tariff on Indian imports beginning August 7. However, a section of industry players do hope for a 25 basis points rate cut…
On right track: The data on per capita Net State Domestic Product (NSDP) at current prices show that Tamil Nadu ranked third among major States, with an estimated per capita income of ₹3,61,619. | Photo Credit: Getty Images/iStockphoto After a gap of 14 years, Tamil Nadu has recorded a double-digit economic growth rate in real terms…
File photo of Union Minister Ashwini Vaishnaw. | Photo Credit: ANI Geopolitics, geoeconomics and geotechnology are all changing the world order and hugely impacting businesses and economies globally, said Ashwini Vaishnaw, Union Minister for Railway, Information and Broadcasting and Minister of Electronics and Information Technology, in Bengaluru on Tuesday (August 5, 2025). During this transformative…
Representative image | Photo Credit: Reuters The rupee depreciated 16 paise to close at 87.82 (provisional) against the U.S. dollar on Tuesday (August 5, 2025), as risk-off sentiment deepened after U.S. President Donald Trump renewed his threat to raise tariffs on Indian goods over New Delhi’s continued purchases of Russian oil. Forex traders said the…
Benchmark stock indices Sensex and Nifty closed lower on Tuesday (August 5, 2025) following selling in oil, gas and banking shares ahead of the Reserve Bank’s monetary policy announcement on August 6. The 30-share BSE Sensex fell by 308.47 points or 0.38% to close at 80,710.25. During the day, it declined 464.32 points or 0.57%…
According to the company statement, Haifa port operated unhindered throughout and reported 25% YoY growth in container volume and 38% YoY growth in other cargo volume during the quarter, leading to overall volume growth of 29% YoY. File | Photo Credit: The Hindu Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday (August 5, 2025)…
“India’s economic trajectory stands out in a turbulent global landscape,” Rumki Majumdar, Economist, Deloitte India, said. Deloitte India on Tuesday (August 5, 2025) projected India’s economic growth at 6.4-6.7 % in the current fiscal citing robust domestic fundamentals and expanding global opportunities. It, however, said that India must monitor its trade exposure and be…
FIIs offloaded equities worth ₹2,566.51 crore while DIIs outnumbered the FIIs by purchasing equities worth ₹4,386.29 crore on August 4, 2025, according to exchange data. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty declined in initial trade on Tuesday (August 5, 2025), dragged down by selling in oil & gas shares and persistent…
Economist M.A. Oommen speaking at the seminar ‘Post-COVID Development Challenges and Response: Kerala through the lens of State budgets’ organised by the Gulati Institute of Finance and Taxation in Thiruvananthapuram on Tuesday. Finance Minister K.N. Balagopal is also seen | Photo Credit: special arrangement Kerala Finance Minister K.N. Balagopal has warned that Kerala needs to prepare well…
