[ad_1] Mumbai: India’s private investment cycle is showing divergent trends, RBI said in its August bulletin. The total cost of projects sanctioned by banks and financial institutions fell to Rs 3.7 lakh crore in 2024-25 from Rs 3.9 lakh crore a year earlier, reflecting “tepid investment optimism.“In contrast, envisaged capex from pipeline projects across funding…
[ad_1] India is examining the possibility of WTO consultations with the US regarding Washington’s copper import tariffs. This potential action would be India’s third instance of seeking such discussions with the US, following previous cases involving steel and aluminium, and automotive sectors under the WTO Agreement on Safeguards.Beginning August 1, the US implemented a 50%…
[ad_1] Reliance Industries Ltd (RIL) on Friday announced a joint venture with social media major Meta, with an initial investment of about Rs 855 crore ($100 million), to build and scale artificial intelligence technology solutions for business organisations.RIL also unveiled a partnership with Google for artificial intelligence, aimed at setting up AI-ready data centres in…
[ad_1] India’s GDP growth (AI image) India’s GDP grew at a robust 7.8% for the first quarter of the current financial year 2025-26, beating estimates by over a full per cent. RBI had estimated that the GDP grew at 6.5% in Q1 FY26, and most economists had projected a 6.7% number.India is the world’s fastest…
[ad_1] India’s foreign exchange reserves fell by $4.386 billion to $690.72 billion in the week ended August 22, the Reserve Bank of India (RBI) said on Friday.The overall reserves had risen $1.488 billion to $695.106 billion in the preceding reporting week, PTI reported.According to RBI data, foreign currency assets (FCA)—the biggest component of reserves—declined $3.652…
[ad_1] The Federal Reserve’s preferred inflation gauge held steady in July even as President Donald Trump’s sweeping tariffs added pressure on the economy, but a key measure of underlying prices climbed to the highest level in five months.The Commerce Department on Friday said overall prices rose 2.6% in July from a year earlier, unchanged from…
[ad_1] Union coal and mines minister G Kishan Reddy said on Friday that India has signed an agreement with Japan in the mineral resources sector as part of efforts to build and diversify critical mineral supply chains.The memorandum of cooperation, signed between India’s Ministry of Mines and Japan’s Ministry of Economy, Trade and Industry (METI),…
[ad_1] Zydus Wellness Ltd on Friday announced that its wholly-owned subsidiary, Alidac UK Ltd, will acquire UK-based Comfort Click for GBP 239 million, marking the company’s first international acquisition and entry into the vitamins, minerals, and supplements (VMS) segment. The deal also includes Comfort Click’s three subsidiaries in Ireland, the US, and India.Comfort Click, which…
[ad_1] Canada’s economy shrank at an annualised pace of 1.6% in the second quarter as exports took a hit from tariffs imposed by US President Donald Trump, Statistics Canada said on Friday. This marked the country’s first GDP contraction in seven quarters.The agency also revised down its first-quarter growth estimate from 2.2% to 2.0%, underscoring…
[ad_1] The Centre on Friday increased usage charges for gunny bags by 40% to Rs 10.22 per used bag, a step aimed at easing the financial burden of states and Union Territories while ensuring smoother procurement operations.Union food and consumer affairs minister Pralhad Joshi said in a statement that the “Government of India has increased…