Nomura sees a stronger Indian rupee by December 2025 on the back of a weaker dollar index and strong inflows. According to Nomura, Indian Rupee will grow stronger against the US Dollar by the end of this year, owing to the current uncertainties in the global economy. Nomura is expecting the Indian Rupee to be…
Top 10 Largest Economies In The World 2025: What are the 10 largest economies in the world? Did you know that India, which currently stands at the 5th position, will soon become the world’s 3rd largest economy by overtaking Germany and Japan? India is the world’s fastest growing major economy and its nominal GDP has…
NEW DELHI: Reliance Retail Venture Ltd (RRVL), the retail division of Reliance Industries on Friday reported a 29.1% rise in net profit to Rs 3,545 crore for the March quarter of FY25. The company’s gross revenue also increased by 15.65%, reaching Rs 88,620 crore.For the financial year ending March 2025, the gross revenue increased by…
India’s economy could expand by 6.5% in the current financial year, supported by falling crude oil prices and manageable inflation levels, despite global trade tensions rising and the international economy slowing down.The EY’s latest Economy Watch report released on Friday outlined four key global factors shaping India’s growth outlook: reduced exports, a global slowdown, declining…
Jewellers are expecting consumer demand to be driven by light weighing ornaments on this Akshaya Tritiya, as gold prices are soaring to the historic highs of Rs 1 lakh.Akshay Tritiya, set to be celebrated on April 30, is considered an auspicious day to buy gold, hence often bringing a surge in the yellow metal’s purchases…
Reliance Industries‘ digital arm, Jio Platforms, on Friday, reported a strong rise of 25.7% in its profit after tax (PAT) for the final quarter of the 2024–25 financial year, reaching Rs 7,022 crore, up from Rs 5,587 crore in the corresponding quarter last year.The company’s average revenue per user (ARPU), also climbed to 13.5% to…
NEW DELHI: Mukesh Ambani-led Reliance Industries on Friday reported a 2.4% rise in its net profit to Rs 19,407 crore for the quarter ending in March, driven by strong performance in retail operations and resilient oil sector results despite global market challenges.The company’s consolidated net profit reached Rs 19,407 crore, equivalent to Rs 14.34 per…
US stock markets opened lower on Thursday, with the major indices showing modest declines following a brief rebound earlier in the week. Investors are weighing corporate earnings results against global economic concerns, keeping market sentiment cautious.At the opening bell, the Dow Jones Industrial Average stood at 40,031.61, down by 61.79 points, or 0.15%. The Nasdaq…
NEW DELHI: India’s foreign exchange reserves increased by $8.31 billion to $686.145 billion for the week ended April 18, the Reserve Bank of India said on Friday.The forex kitty have shown positive growth for seven straight weeks, with the previous week ended April 11 recording an increase of $1.567 billion to $677.835 billion.The overall forex…
Image used for representative purposes South Korea-based Samsung Electronics will invest Rs 1,000 crore in its facility in southern India, Tamil Nadu’s industries minister announced on Friday. The move follows recent worker protests at the plant near Chennai, where employees demonstrated against suspensions, according to a Reuters report.The facility had previously faced labour unrest, with…
