Economy
India’s Shapoorji Pallonji Group has raised $650 million through its first-ever dollar-denominated debt issuance, marking a significant step in the conglomerate’s efforts to access global capital markets, according to sources familiar with the transaction. The fundraising represents the......
India and the United Kingdom have officially implemented their Comprehensive Economic and Trade Agreement (CETA), introducing significant tariff reductions and broader market access for businesses, professionals and investors in both countries. The agreement, which took effect on Wednesday, is expected......
India has secured nearly $10 billion in foreign currency inflows through a special deposit programme launched by the Reserve Bank of India (RBI), as authorities seek to reinforce foreign exchange reserves and support the stability of the Indian rupee, according to sources familiar with the matter. The......
Tata Consultancy Services (TCS) is significantly expanding its artificial intelligence strategy by creating a specialized workforce of up to 8,900 forward-deployed engineers while actively exploring acquisitions in AI, cybersecurity and data security to strengthen its technology portfolio. The initiative......
India's financial authorities are signalling a tougher stance on cryptocurrencies, with the country's central bank once again advocating policies that would effectively prohibit crypto assets while tax officials warn that offshore trading platforms present growing compliance challenges. Government......
Foreign investors have made a strong return to India's banking sector, with financial stocks attracting their largest fortnightly inflows in 14 months during the second half of June, supported by policy initiatives, attractive valuations and improving earnings expectations. Data released by the......
The Indian rupee is expected to remain under pressure against the U.S. dollar over the coming months, despite recent policy measures by the Reserve Bank of India (RBI) aimed at attracting foreign capital and strengthening the country's external position. According to a Reuters survey of currency......
India’s industrial production expanded by 5.1% year-on-year in May, supported primarily by a sharp increase in electricity generation, according to official government data released on Monday. The latest figure from India indicates a modest acceleration compared with the previous month, although......
Indian beauty and fashion retailer Nykaa has set an ambitious long-term growth target, aiming to surpass $5 billion in gross merchandise value (GMV) by the fiscal year 2030 as it continues to expand its presence in the fast-growing personal care and lifestyle market. The company, which has built a strong......
The United States Trade Representative Jamieson Greer is scheduled to visit India on June 23–24 for high-level discussions aimed at advancing ongoing trade negotiations between Washington and New Delhi. According to an Indian trade official, the visit will focus on finalizing the details of an......
India’s wholesale inflation accelerated in May, reflecting continued price pressures across various sectors of the economy and surpassing market expectations. According to official data released on Monday, the country’s Wholesale Price Index (WPI) increased by 9.68% compared with the same......
India’s retail inflation increased to 3.93% year-on-year in May, compared to 3.48% in April, according to official government data released on Friday. The rise was mainly driven by higher prices in food and fuel categories, which continue to put pressure on household budgets. The latest figures......
Foreign investors withdrew a net 26.6 billion dollars from emerging market portfolios in May, reversing the rebound seen in April and underscoring renewed volatility in global capital flows. Equity sales in Asia drove most of the outflows, outweighing more stable demand in emerging market debt. The......
