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Mumbai: The Reserve Bank of India (RBI) Friday announced a host of measures to attract foreign currency inflows, aimed at strengthening external buffers, even as the six-member rate-setting committee voted to keep the policy rate unchanged at 5.25% and maintained a neutral stance. RBI took steps to attract overseas investors into government bonds and equities,…
New Delhi: India’s economy grew by a better-than-expected 7.8% in the March quarter from a year earlier, belying fears of the West Asia war hurting the economy, lifting FY26 growth to 7.7%, according to official data released on Friday. A strong showing by private investment and consumption backed the numbers. “GDP growth surprised on the…
Raymond shares rose nearly 4% on Monday after the company appointed former Bharat Electronics chief Bhanu Prakash Srivastava as the chief executive officer (CEO) of its defence business. The stock gained nearly 4% to hit an intraday high of Rs 632 on the NSE. It later gave up some gains and was last trading at…
New Delhi: The World Bank raised India’s FY27 growth forecast to 6.6% from 6.5% estimated in January, citing reduced US tariffs and the anticipated benefits of upcoming free trade agreements. These factors are expected to cushion the impact of weaker external demand stemming from the ongoing Middle East conflict. Economic growth, however, is projected to…
New Delhi: The burden of adjustment in an imbalanced, conflict-ridden world should not fall disproportionately on countries in the Global South that don’t drive these imbalances, finance minister Nirmala Sitharaman said on Thursday. India, like many developing economies, “remains largely peripheral to both the origination and propagation of global imbalances; yet, we continue to face…
The conflict in West Asia is reshaping India’s trade flows in unexpected ways, triggering a dramatic reordering of both import sources and export destinations. The most striking shift has been Oman’s emergence as a key trade partner. Ranked only 30th among India’s import sources in April-May 2025, the Gulf nation has jumped to 10th place…
Former US President Barack Obama became emotional during the opening ceremony of the Obama Presidential Center in Chicago as his wife Michelle Obama delivered a heartfelt speech remembering their journey, family and the values they built together. Michelle’s words about their life, daughters and Barack’s public service left the former president wiping away tears on…
A small-town family business in the US has created headlines after sharing a massive part of its sale proceeds with its workers. Fibrebond, a Louisiana-based electrical equipment company, was sold for $1.7 billion, and former owner Graham Walker ensured that 540 employees received a combined $240 million from the deal. The payout means each full-time…
Senco Gold shares surged as much as 6.3% in Monday’s trading session, hitting an intraday high of Rs 346.55 on the NSE, after the jewellery retailer reported a robust Q1 FY27 business update. Strong revenue growth, healthy same-store sales and continued retail expansion boosted investor sentiment, reinforcing the company’s growth momentum from FY26. According to…
Shares of defence companies, including Zen Technologies, ideaForge, Paras Defence, Data Patterns, Bharat Electronics (BEL) and Hindustan Aeronautics (HAL) rallied up to 6% on Monday after the Defence Acquisition Council (DAC) approved procurement proposals worth about Rs 52,000 crore. The approvals cover a wide range of acquisitions aimed at strengthening the capabilities of the Army,…