Prime Minister Narendra Modi on Saturday met members of the Economic Advisory Council (EAC) to the Prime Minister, with discussions focused on ideas and measures to further strengthen the country’s economic growth amid ongoing global uncertainty. The meeting covered reforms aimed towards improving ease of living and ease of doing business. The PM and EAC-PM…
India’s investor base hit a new milestone in June, with the National Stock Exchange of India (NSE) registering over 26 crore unique trading accounts, or client codes. In a press release issued on Friday, the exchange said it added the latest 1 crore accounts in just under four months. Over the past year, more than…
New Delhi: Compensatory plantation ordered by Supreme Court after Delhi Development Authority’s (DDA) illegal felling of over 1,100 trees in Southern Ridge in 2024 was inaugurated as Namo Oxygen Parks on Friday.The trees in reserve area were felled to widen the road leading to Central Armed Police Forces Institute of Medical Sciences in south Delhi.On…
India’s clean fuel journey is stepping up a gear, with state-run oil firms gearing up to roll out E85 petrol at a discounted price across the country. State-run oil marketing companies will offer E85 fuel at a discount of Rs 20 per litre compared with E20 petrol to make up for the biofuel’s lower energy…
US tech stocks came under heavy pressure on Friday, with semiconductor giants leading the decline as investors grew cautious about artificial intelligence-fuelled valuations and digested stronger-than-expected US jobs data.The sell-off was most severe in the chip sector, where the PHLX Semiconductor Index plunged 10.3%, marking its steepest single-day fall since March 2020. The decline followed…
The impact of the US-Iran conflict is no longer confined to oil markets and geopolitical headlines. It is now finding its way into kirana stores and supermarket aisles, where consumers are switching to smaller packs of everyday goods as monthly budgets are already facing pressure due to rising prices.Companies across categories such as edible oils,…
MUMBAI: Caught between a slowing economy and the risk of a fresh price spiral triggered by the conflict in West Asia, the RBI on Friday left the repo rate unchanged at 5.25%, cut its growth forecast for FY27 and raised its inflation projections, while signalling that the inflation threat could broaden economy-wide beyond fuel and…
BENGALURU: Australian data centre operator AirTrunk has committed $30 billion to develop 5 gigawatts (GW) of data centre capacity in India by 2030, marking one of the largest investments in the country’s digital infrastructure sector and positioning India as a key hub for global AI and cloud infrastructure spending.The investment is expected to significantly bolster…
MUMBAI: Bonds rallied after govt and RBI announced measures to encourage foreign investment in govt securities on Friday. The yields on benchmark 10-year govt securities (G-Secs) softened to 6.94% in early trades, from 6.99% on Thursday, after the govt said foreign portfolio investors (FPIs) would be exempted from long-term capital gains and withholding taxes on…
MUMBAI: RBI has proposed tighter disclosure norms for deposit interest rates while allowing banks to price large deposits based on withdrawal risk, which will be a fourth factor for differential rates. Until now banks were allowed to offer differential rates based on tenor, size, and premature withdrawal conditions. These determine whether deposits qualify as bulk…
