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…
Indigo Aircraft (Photo: X/Indigo) India’s aviation sector is grappling with a deepening crisis, as ongoing supply chain disruptions and engine-related challenges continue to ground operations, according to a report by the Investment Information and Credit Rating Agency (ICRA).The recent report said, “Supply-chain challenges and engine failure issues impact industry capacity; the industry has been facing…
Since 2023, the government has been evaluating modifications to its nuclear foreign investment structure. (AI image) The Indian government is contemplating permitting foreign firms to acquire up to 49% ownership in nuclear power facilities, according to three government officials. This strategic shift aims to expand India’s closely monitored nuclear sector, supporting India’s objectives to reduce…
The RBI's gold acquisitions align with the worldwide trend of central banks actively purchasing gold. (AI image) The Reserve Bank of India (RBI) acquired 57.5 tonnes of gold during FY25, expanding its holdings of safe haven assets whilst gold prices increased by over one-third during a period of instability in global financial markets. The RBI’s…
