Reserve Bank of India’s monetary policy measures are seen a coordinated attempt to shift market perception of rupee from depreciation concerns towards stronger capital inflows. SBI Research estimates that the measures could trigger at least $40 billion in inflows, potentially supporting the rupee towards the 92–93 levels. At the same time, Kotak Securities places the … Read more
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 … Read more
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 … Read more
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, … Read more
NEW DELHI: The Indian economy grew 7.8% in the Jan-March quarter as strong investment, sustained farm production and expansion of the construction and tertiary sector led to a robust demand, offsetting the anticipated adverse impact of the conflict in West Asia.Data released by the National Statistics Office (NSO) Friday with the revised 2022-23 base year … Read more
MUMBAI: Tata Trusts has demanded petitioner Suresh Tulsiram Patilkhede and his lawyer Katyayani Agarwal withdraw allegations of impropriety over a 37-year-old transfer of 833 Tata Sons shares, seeking Rs 1,000 crore in damages for reputational harm and causing distress. The charitable organisations sent notices to both, saying transfer of shares from Navajbai Ratan Tata Trust … Read more
NEW DELHI: The Centre is ready to take more policy measures to help insulate the economy from the adverse impact of the West Asia conflict and will phase it out instead of rushing with announcements.The focus of these steps will be to ensure that there is enough availability of goods, raw material, inputs and finished … Read more
MUMBAI: Mutual fund (MF) houses are restricting large inflows into gold exchange traded funds (ETFs) and fund of funds (FoFs) feeding into such schemes in order to align with govt’s recent policy of discouraging people from buying gold.Three large fund houses–HDFC MF, ICICI Prudential MF and Nippon India MF–have restricted large inflows into gold funds. … Read more
The US Treasury Department’s financial crimes unit has asked banks to watch for signs of identity theft, payroll tax fraud and money laundering linked to the employment of people living in the country illegally, marking the latest step in President Donald Trump’s immigration crackdown, AP reported.The Financial Crimes Enforcement Network (FinCEN) on Friday issued an … Read more
New Delhi: Govt will have to look at not only reducing price of high-ethanol blended petrol and pure ethanol, but also the cost of flex fuel vehicles (FFVs), which would be using the fuel, to create a high demand among consumers, experts said, acknowledging that current 20% blending has helped save India approximately 4.5 crore … Read more