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 channels…
A federal appeals court ruled on Friday that many of President Trump’s most punishing tariffs are illegal, delivering a major new setback to the administration that may severely undercut its primary source of leverage in an expanding global trade war. The ruling, from the U.S. Court of Appeals for the Federal Circuit, affirmed a lower…
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 operates…
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 the…
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), was…
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 usage…
Stocks retreated on Wall Street on Friday, pulling back from their latest all-time highs, after fresh inflation data showed prices largely holding steady. The S&P 500 fell 0.5% a day after notching a record high and remains on track to end August with a nearly 2% gain, its fourth consecutive month of advances.The Dow Jones…
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 billion…
Reliance Annual General Meeting 20025: रिलायंस इंडस्ट्रीज लिमिटेड (आरआईएल) के चेयरमैन मुकेश अंबानी ने शुक्रवार को कहा कि दूरसंचार इकाई ‘रिलायंस जियो’ अगले साल की पहली छमाही में अपना आरंभिक सार्वजनिक निर्गम (आईपीओ) लेकर आएगी और शेयर बाजार में सूचीबद्ध होगी. देश की सबसे बड़ी दूरसंचार सेवा प्रदाता रिलायंस जियो इस समय आरआईएल की एक…
India’s GDP Growth: देश में चल रही टैरिफ टेंशन के बावजूद घरेलू मोर्चे पर भारत ने शानदार प्रदर्शन किया है. चालू वित्त वर्ष के दौरान देश की जीडीपी 7.8 प्रतिशत की दर से बढ़ी है, जो अनुमान से कहीं ज्यादा है. ऐसा अनुमान लगाया गया था कि पहली तिमाही के दौरान जीडीपी 6.7 प्रतिशत रह…