The Indian rupee appreciated 33 paise to ₹85.05 against the US dollar in early trade on Monday, supported by a weaker dollar index and strong domestic equities. Weakening Dollar Index: The US dollar has been facing sustained pressure, with the Dollar Index (DXY) dropping over 9% year-to-date. This decline reflects growing expectations that the Federal…
Reserve Bank of India (RBI) Governor Sanjay Malhotra has raised concerns about dwindling liquidity in India’s call money market, warning that it could pose challenges for monetary policy transmission. Malhotra highlighted asymmetries between different money market rates, including the call money rate, market repo rate, and TREPS (tri-party repo dealing system) rate. He urged banks…
If you have a savings account with ICICI Bank, you’ll now earn slightly less. For balances below Rs 50 lakh, the new interest rate is 2.75% per annum, down from 3%. In Short ICICI Bank has joined the growing list of banks cutting deposit interest rates. After SBI and HDFC Bank, ICICI has now trimmed the…
Gold prices continued their upward trend for the second consecutive session, reaching a new all-time high of ₹95,935 per 10 grams on April 17, 2025. The surge was driven by strong spot demand and global economic uncertainty, reinforcing gold’s status as a safe-haven asset. On the Multi Commodity Exchange (MCX), gold futures for June delivery…
Swiggy, India’s leading on-demand convenience platform, has launched Pyng, an AI-powered service designed to connect users with verified professionals across more than 100 specialisations. Pyng marks Swiggy’s entry into the professional services market, offering users a spam-free, reliable way to access experts in fields such as health and wellness, finance, astrology, event planning, and education….
Retail inflation dipped marginally to a nearly six-year low of 3.34 per cent in March due to a decline in prices of vegetables and protein-rich items. The Consumer Price Index (CPI)-based inflation was 3.61 per cent in February and 4.85 per cent in March last year. The inflation rate in March 2025 is the lowest…
The Uttar Pradesh government and Foxconn, the world’s largest electronics manufacturer and a key supplier for Apple, are in discussions to establish a major electronics manufacturing unit in the state. This development aligns with India’s growing prominence as a global hub for electronics production and exports. Foxconn is exploring a 300-acre site along the Yamuna…
Indian Overseas Bank (IOB), a public sector bank headquartered in Chennai, has announced a reduction in its Repo Linked Lending Rate (RLLR) by 25 basis points. This decision comes in response to the Reserve Bank of India’s (RBI) recent move to lower the policy repo rate from 6.25% to 6.00% during its latest Monetary Policy…
Benchmark Sensex surged by 1,310 points, while Nifty closed above 22,900 level on Friday after the US announced suspension of additional tariffs on India for 90 days until July 9 this year. Defying a bearish trend in world markets, the 30-share BSE benchmark Sensex jumped 1,310.11 points or 1.77 per cent to settle at 75,157.26….
Tata Consultancy Services (TCS), India’s largest IT services firm, reported a 1.68% decline in its consolidated net profit for the March 2025 quarter, amounting to ₹12,224 crore. Despite the dip in profit, the company achieved a 5.3% year-on-year growth in revenue, which stood at ₹64,479 crore for the quarter. The results mark the beginning of…
