The government has extended the tenure of Reserve Bank Deputy Governor Swaminathan Janakiraman for another two years.He was appointed as RBI Deputy Governor for three years in June 2023.“The Central Government has re-appointed Swaminathan Janakiraman as Deputy Governor, Reserve Bank of India, for a period of two years with effect from June 26, 2026, or … Read more
New Delhi: State-run Oil India Limited (OIL) on Friday said it has reported the presence of natural gas in its third exploratory well in the Andaman shallow offshore block, further indicating hydrocarbon potential in the region.In a regulatory filing to stock exchanges, the company said natural gas was encountered in exploratory well Vijayapuram-3, drilled 15 … Read more
Today’s GDP data is being seen as a sign of India’s underlying economic strength. (AI image) India’s economy continues to defy all growth projections. But for how long? At 7.8%, India’s GDP growth for the fourth quarter of FY 2025-26 beat all estimates by a wide margin. Retaining its tag of being the fastest growing … Read more
India and the United States have held “positive and constructive” discussions on finalising a bilateral trade agreement, the government said on Friday, following a fresh round of negotiations between the two sides.A delegation from the Office of the United States Trade Representative (USTR) visited India from June 1 to 4 to advance talks on the … Read more
US stocks ended lower on Friday, with technology shares leading the decline, as a stronger-than-expected jobs report reduced expectations of interest rate cuts by the Federal Reserve this year.The S&P 500 fell 0.7%, while the Dow Jones Industrial Average declined 81 points, or 0.2%. The tech-heavy Nasdaq Composite dropped 1.4%, weighed down by losses in … Read more
Pakistan’s foreign exchange reserves are nearing the government’s $18 billion target for FY26, but a widening trade deficit, mounting external payment obligations and pressure on the rupee are raising concerns about the country’s economic stability, PTI reported.Data released by the State Bank of Pakistan (SBP) showed the country’s foreign exchange reserves increased by $43 million … Read more
Hailing India’s 7.7% GDP growth in FY26, Prime Minister Narendra Modi on Friday said the expansion reflected the “inherent strength” of the economy, the “success of reforms” and the “hard work of 140 crore Indians”.“India’s growth momentum remains strong! GDP growth rate of 7.7% in FY 2025-26 and 7.8% in Q4 of FY 2025-26 reflect … Read more
India can return to a growth trajectory of over 7% in FY28 through macroeconomic stability and supply-side measures, provided external conditions improve, Chief Economic Adviser V Anantha Nageswaran said on Friday.The comments came after the Reserve Bank of India lowered its GDP growth forecast for FY27 to 6.6% from 6.9% projected in April, citing elevated … Read more
India’s foreign exchange reserves rose by $938 million to $682.321 billion in the week ended May 28, snapping the previous week’s decline, according to data released by the Reserve Bank of India (RBI) on Friday.In the preceding reporting week, the country’s forex reserves had fallen by $7.511 billion to $681.384 billion, reported PTI.India’s reserve stock … Read more
Reserve Bank of India Governor Sanjay Malhotra on Friday cautioned that a projected deficiency in the south-west monsoon could impact rural demand and private consumption, even as various government initiatives are expected to cushion the effect.Speaking at the post-monetary policy press conference, Malhotra said consumption trends have remained healthy so far but acknowledged that a … Read more