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In a recent closed-door meeting with India’s IT ministry on November 28, Apple raised concerns over the potential impact of implementing European Union-style charger rules on its local production targets. India is planning to enforce a rule requiring smartphones to […]
The BJP’s sweeping victory in the recent state elections in the Hindi heartland is anticipated to have positive implications for domestic cyclical sectors such as banks, industrials, power, property, and midcaps, according to global brokerage Jefferies. The 3-1 outcome between […]
Oil prices declined more than 2 percent in the previous session as investors remained cautious over the depth of supply cuts announced by the Organisation of Petroleum Exporting Countries and its allies (OPEC+). Concerns over sluggish global manufacturing activity also […]
The Indian rupee depreciated 7 paise to end at a record closing low against the US dollar on Thursday weighed down by stronger American currency overseas and rising crude oil prices. The local currency ended at 83.40 a dollar as […]
The recent move by the Reserve Bank of India (RBI) to increase the risk weight on consumer loans may impact the cost of funds for non-banking financial companies (NBFCs), forcing them to increase borrowings from the money markets, said a […]
India’s economic expansion likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand despite a global slowdown dampening export growth, according to a Reuters poll of economists. Gross domestic product (GDP) growth […]
India’s second quarter Gross Domestic Product (GDP) data is due on Thursday, November 30 which is expected to see some moderation on a quarter-on-quarter basis. However, market experts believe the market might have discounted a slight moderation in Q2 GDP […]
The investment case for India really has always been a continuing structurally positive one, since the country has the best growth potential in both economic terms and in underlying corporate earnings compared to all major markets, said Goldman Sachs’ Chief […]
Forex reserves of India have witnessed a surge by $5.077 billion, reaching a total of $595.397 billion, according to the latest data released on Friday by the Reserve Bank of India (RBI). Earlier, there was a decrease of $462 million […]
The Indian government has embraced the Production-Linked Incentive (PLI) scheme as a strategic tool to propel manufacturing in the country. This initiative offers cash incentives on incremental sales from 2020 levels, aiming to boost manufacturing, attract investments, and promote exports […]