Economy Archives - Page 56 of 222

Economy

March 17, 2025 11:59 AM

Impact of US tariffs on India minimal as country diversifies exports: SBI report

The impact of US trade reciprocal tariffs on India will be minimal as the country has diversified its exports, pitched value addition, exploring alternate areas and works on new routes that transcend from Europe to the US via the Middle East, redrawi...

March 17, 2025 10:08 AM

Sensex, Nifty open higher; pharma and auto sectors shine

The Indian stock market opened on a strong note on Monday, buoyed by positive global cues and robust buying interest in the pharma and auto sectors. Both benchmark indices registered early gains, reflecting improved investor sentiment. By 9:32 am, t...

March 16, 2025 3:39 PM

PM Modi congratulates RBI on winning Digital Transformation Award 2025

Prime Minister Narendra Modi on Sunday extended his congratulations to the Reserve Bank of India (RBI) for winning the prestigious Digital Transformation Award 2025 by Central Banking, London. PM Modi shared his appreciation on social media platform...

March 16, 2025 10:45 AM

FIIs selling declines in Indian market, expected to stabilise next quarter: experts

Foreign Institutional Investor (FII) selling in India continues in early March, but the intensity of the sell-off is gradually declining as stock market valuations become more reasonable, according to experts. As of March 14, FIIs have sold equity w...

March 15, 2025 12:27 PM

Indian Railways freight movement surges to 1.47 billion tonnes in April-February

Indian Railways has recorded a significant surge in freight movement, with total loading reaching 1,465.371 million tonnes (MT) in the first 11 months of the financial year 2024-25. This figure has already surpassed the full-year freight loading of 1...

March 15, 2025 9:54 AM

Samsung SDI to raise $1.3 billion through stock offering for facility investment

Samsung SDI Co., South Korea's second-largest battery manufacturer, announced plans to raise 2 trillion won ($1.37 billion) through a stock sale as part of its broader growth strategy. The company’s board of directors approved the capital increase...

March 14, 2025 2:01 PM

India to cross $800 billion in exports this year, with major share from services: Piyush Goyal

India is on track to surpass $800 billion in exports this year, with a significant portion coming from services exports, Union Minister of Commerce and Industry Piyush Goyal has reiterated. Addressing the Export Promotion Councils (EPCs) and industr...

March 14, 2025 12:26 PM

Dollar firm, euro drifts as global trade tensions escalate

The U.S. dollar was broadly firmer on Friday with the euro pulling further away from a five-month peak as markets grappled with escalating global trade tensions and risks of a sharp economic downturn. Elsewhere, the yen gave up more of its recent ga...

March 14, 2025 12:12 PM

India has taken the lead in financing green energy projects: RBI Governor

India has taken the lead in financing renewable energy projects by including them under priority sector lending to accelerate the country's transition to a low-carbon economy in its fight against climate change. Addressing a policy seminar on Climat...

March 14, 2025 8:10 AM

Canada challenges US steel, aluminum tariffs at WTO

Canada has taken official steps by requesting consultations with the World Trade Organization (WTO) to dispute US import duties on steel and aluminum products from Canada, according to a statement issued by the trade organization. The request was ci...

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