The two-wheeler industry in India is set to undergo a massive selling surge, surpassing pre-Covid-19 levels, driven by RBI’s rate cut, strong domestic demand and significant recovery in exports. According to a report by CareEdge Ratings, the sector is expected to register a healthy volume growth of 8–9% in FY26. This follows three years of…
Bangladesh’s interim chief, Mohammad Yunus, has announced that national elections will be held in April 2026, rejecting demands for early polls. The Bangladesh Nationalist Party (BNP) has been rallying for earlier elections. The announcement comes amid political turmoil and concerns from various factions, including the army chief. The Awami League, led by Prime Minister Sheikh…
India’s automobile sector has welcomed the Reserve Bank of India’s latest rate-cut move, calling it a timely intervention that could improve financing access, strengthen consumer sentiment, and support overall retail growth.On Friday, the RBI reduced the repo rate by 50 basis points to 5.5% and cut the Cash Reserve Ratio (CRR) by 100 basis points…
DHAKA: At least 20 political parties, including former PM Khaleda Zia’s BNP, Monday rejected Bangladesh chief adviser Muhammad Yunus‘s extended time frame for conducting national election, demanding it be held by Dec.Sources, however, said three political parties, including the radical Jamaat-e-Islami and NCP launched by Nahid Islam who led the anti-Sheikh Hasina movement last year,…
India’s power demand is projected to grow by 6.0–6.5 per cent annually over the next five years, driven by accelerating electric vehicle (EV) adoption, rapid expansion of data centres, and the development of green hydrogen projects, according to ICRA.“These three segments are expected to contribute to 20–25 per cent of the incremental demand over the…
A bumper wheat harvest in India is replenishing government stockpiles at a rapid pace, easing fears that the country would need to import wheat for the first time since 2017. This turnaround could weigh on global wheat prices, which have already seen a sharp decline from 2022 peaks.India, the world’s second-largest wheat producer, had banned…
India’s imports of Russian crude oil are set to reach nearly 1.8 million barrels per day in May—the highest level in ten months, according to ship tracking data from Kpler. The surge is driven largely by increased purchases of lighter grades like the ESPO Blend, as Indian refiners respond to favorable market conditions. The strong…
The rupee settled marginally lower by 1 paisa at 85.59 (provisional) against the US dollar on Wednesday, as rising crude oil prices and persistent demand for the greenback from importers and foreign banks weighed on the domestic currency.Trading in a tight range, the local unit opened at 85.65 at the interbank foreign exchange and oscillated…
A growing number of homebuyers are prioritizing carpet area over built-up area when evaluating residential properties, according to industry observers.While most real estate projects in India reportedly offer carpet areas between 62% to 66% of the total built-up space, some developers are beginning to commit to higher ratios.The carpet area, which refers to the actual…
The Indian rupee declined by 22 paise to close at 85.54 against the US dollar on Thursday, pressured by strong demand for the greenback from importers and continued foreign fund outflows. However, gains in domestic equities and a fall in crude oil prices helped limit the currency’s losses, according to forex traders.At the interbank foreign…