Union Finance minister Nirmala Sitharaman on Sunday said movements in the rupee against the US dollar are influenced by a combination of global and domestic factors, stressing that the Reserve Bank of India intervenes only to contain excessive volatility and not to defend any specific exchange rate.Addressing reporters at Devanahalli near Bengaluru during an event…
Defending the credibility of India’s GDP statistics, Chief Economic Adviser V Anantha Nageswaran has said that the country does not use revisions in methodology or base years to artificially boost economic growth figures.In an interview with news agency ANI, Nageswaran responded to concerns raised by some economists over India’s GDP estimates, saying GDP measurement is…
Amazon is stepping up its India bet with fresh investments across ecommerce, quick commerce, artificial intelligence and exports, with the company describing the current period as its most aggressive phase of expansion in the country so far.The renewed push comes after Amazon announced plans to invest $35 billion in India by 2030, adding to the…
Inflation data, the US Federal Reserve’s interest rate decision and movements in crude oil prices will be the key triggers for Indian equity markets in the coming week, analysts said.Investors will also closely watch developments surrounding the proposed US-Iran agreement, foreign investor activity and trends in global markets for further direction.“On the domestic front, investors…
PM Modi, French President Macron inaugurate ‘Bharat Innovates’ in France Prime Minister Narendra Modi and French President Emmanuel Macron on Sunday jointly inaugurated the Bharat Innovates 2026 conclave in Nice, bringing together startups, innovators, venture capital funds and academic institutions from India, France and other countries, as the two nations seek to deepen cooperation in…
The combined market capitalisation of eight of India’s 10 most-valued companies rose by Rs 1.90 lakh crore last week, with ICICI Bank emerging as the biggest gainer as equities rallied, reported news agency PTI.The gains came during a strong week for the markets, with the BSE Sensex climbing 1,284.61 points, or 1.73%, while the NSE…
China has moved ahead of Elon Musk‘s ‘Jesus-level technology’ Neuralink in the race to commercialise brain-computer interface technology, approving what is being described as the world’s first commercially available brain chip after successful clinical trials.The coin-sized implant, called NEO, has become the first surgically implanted brain-computer interface (BCI) device to clear clinical testing for commercial…
India remained the world’s second-largest buyer of Russian fossil fuels in May, importing Russian hydrocarbons worth an estimated 5.8 billion euros (USD 6.7 billion), as refiners stepped up purchases of discounted crude from Moscow, according to a report by the Centre for Research on Energy and Clean Air (CREA).Crude oil accounted for the bulk of…
India remained the world’s second-largest buyer of Russian fossil fuels in May, importing Russian hydrocarbons worth an estimated 5.8 billion euros (USD 6.7 billion), as refiners stepped up purchases of discounted crude from Moscow, according to a report by the Centre for Research on Energy and Clean Air (CREA).Crude oil accounted for the bulk of…
BRICS nations on Saturday adopted the “Indore Declaration”, committing to deeper cooperation in agriculture and launching a series of new initiatives, including a global forum on farmers’ seed rights, a digital agriculture network and a platform for agroecology and regenerative farming, PTI reported.The decisions were taken at the end of a five-day meeting of agriculture…
