India’s industrial growth, as measured by the Index of Industrial Production (IIP), showed a significant improvement in March 2025, rising to 4.3% year-on-year from 2.9% in February. This growth was primarily driven by increased activity in the manufacturing and mining sectors. However, the growth in March was still lower than the 5.5% recorded in the…
India’s equity market has demonstrated remarkable resilience despite the uncertainties caused by the ongoing global trade war. A recent report highlights that the BSE 500 index recorded a 6.25% gain in March, marking its best monthly performance in 15 months. This indicates that much of the market excess has likely been corrected, showcasing India’s strong…
India’s benchmark indices opened in the red on Thursday, tracking mixed trends across Asian markets and early selling pressure in auto, metal, and realty stocks. As of 9:30 am, the Sensex declined 221.03 points, or 0.28 percent, to 79,895.46, while the Nifty slipped 75.55 points, or 0.31 percent, to 24,253.40. In the broader market, the…
The International Monetary Fund (IMF) has warned of a slowdown in global economic output in the coming months, attributing it to the steep tariffs imposed by U.S. President Donald Trump on nearly all trading partners. The announcement came on Tuesday as global finance leaders gathered in Washington to negotiate with the Trump administration to reduce…
With the international gold prices crossing the $3,400/ounce-mark on Monday, the domestic prices are set to cross the psychological mark of Rs 1,00,000/10 grams on Tuesday as dollar continued to face headwinds — down to a three-year low today against the key other currencies–and the new escalation in the tariff war. In Delhi the metal jumped…
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….
