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…
Indian entrepreneurs have emerged as the largest immigrant group behind America’s billion-dollar startup ecosystem, founding or co-founding 96 US unicorns, according to a new study that underscores the growing influence of Indian talent on the world’s biggest innovation economy.The report by the National Foundation for American Policy (NFAP) found that immigrants have founded or co-founded…
India is projected to surpass China in terms of its share of global GDP measured in purchasing power parity (PPP) by around 2060, as China’s contribution to the world economy is expected to stabilise and decline in the second half of the century, PTI reported citing a report by researchers associated with the World Inequality…
Russian President Vladimir Putin on Thursday expressed confidence that bilateral trade between India and Russia will reach USD 100 billion in the coming years, highlighting growing cooperation in energy, investments and other strategic sectors.Speaking at the St Petersburg International Economic Forum, Putin praised India’s economic growth and described New Delhi as a reliable partner, while…
Foreign capital (AI image) US-Iran war: Moving in to bolster forex reserves and attract foreign investments, the Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced five measures. The steps come at a time when foreign investors have been exiting Indian equities at a record pace, putting pressure on the rupee and India’s…
As widely anticipated, the Reserve Bank left interest rates unchanged for a second consecutive policy meeting. Giving a major boost to the rupee, Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced several steps to attract foreign capital at a time when the US-Iran conflict is putting pressure on India’s external sector resilience.The…
Gold’s intraday technical structure remains weak following a decisive breakdown below key support levels. (AI image) Gold price prediction today: Gold prices seem to be exhibiting weak intraday bias, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. He recommends a sell on rise strategy.Gold August futures on MCX are trading near…
MUMBAI: HDFC Bank, the largest private sector lender in India, has sent a mail to its agents informing them that effective July 1 they should stop mobilising fixed deposits and current account, savings account (CASA) funds from govt entities. The decision comes close on the heels of the bank paying Rs 45 crore incentive to…
“Indian equity markets are expected to open on a flat to mildly positive note, with Gift Nifty trading around 23,550, up by 12 points, indicating steady opening cues for domestic indices. Global sentiment remains mixed as investors assess recent economic data and trade-related developments, while stability in crude oil prices and easing geopolitical concerns continue…
Gold prices staged a recovery in the national capital on Thursday, climbing back above the Rs 1.6 lakh mark per 10 grams as lower crude oil prices provided support amid continuing uncertainty surrounding developments in West Asia. According to the All India Sarafa Association, gold of 99.9% purity advanced by Rs 700 to Rs 1,60,300…
