Economy Archives - Page 56 of 259

Economy

June 8, 2025 8:17 PM

India’s transformative decade: Landmark reforms drive ease of doing business

Over the past eleven years, India has undergone a remarkable transformation in its business and investment climate, driven by Prime Minister Narendra Modi’s governance model that emphasizes Seva (service), Sushasan (good governance), and Garib Kaly...

June 8, 2025 1:41 PM

Market share of electric cars in India accelerates past 4 percent in May

The market share of electric passenger vehicles (EVs) in India accelerated past the 4 per cent mark in May this year, from 2.6 per cent in the same month of the previous year, reflecting the increasing popularity of electric cars among Indian buyers ...

June 7, 2025 6:50 PM

Inflation eases to 3.2% in April 2025; RBI projects continued moderation

The Reserve Bank of India (RBI) has reported a significant decline in consumer price index (CPI) inflation, which moderated to 3.2% year-on-year in April 2025—the lowest in nearly six years. This marks the sixth consecutive month of declining food ...

June 7, 2025 6:47 PM

RBI eases policy stance: How the latest repo rate cut fits into broader economic trends

In a significant move to bolster economic activity, the Reserve Bank of India (RBI) on Friday reduced the policy repo rate by 50 basis points to 5.50%. The decision was announced following the 55th meeting of the Monetary Policy Committee (MPC), held...

June 6, 2025 5:05 PM

RBI’s rate cut boosts markets; Nifty closes above 25,000

India’s benchmark indices surged on Friday after the Reserve Bank of India (RBI) reduced the repo rate by 50 basis points to 5.50 per cent and the cash reserve ratio (CRR) by 100 basis points, in four tranches. The Sensex gained 746.95 points, or ...

June 6, 2025 12:36 PM

Sensex welcomes RBI’s jumbo 50-bp rate cut, surges more than 500 points

The Indian benchmark indices surged on Friday after Reserve Bank of India Governor Sanjay Malhotra announced a jumbo 50-basis-point rate cut, from 6 per cent to 5.5 per cent, and a 100-basis-point reduction in the Cash Reserve Ratio (CRR) from 4 per ...

June 6, 2025 12:27 PM

RBI pegs India’s GDP growth at 6.5% for 2025-26

The Reserve Bank of India (RBI) has projected India’s Gross Domestic Product (GDP) growth at 6.5 per cent for 2025-26, with domestic economic activity showing resilience on the back of a strong agriculture sector, industry picking up, and the servi...

June 6, 2025 11:16 AM

RBI cuts repo rate by 50 basis points to 5.5%, shifts policy stance to neutral

The Reserve Bank of India (RBI) on Friday announced a sharp 50 basis points cut in the repo rate, bringing it down from 6 per cent to 5.5 per cent. Announcing the decision, RBI Governor Sanjay Malhotra said the central bank was responding to the shar...

June 6, 2025 1:02 PM

Musk-Trump breakup puts $22 billion of SpaceX contracts at risk, jolting US space program

About $22 billion of SpaceX's government contracts are at risk and multiple U.S. space programs could face dramatic changes in the fallout from Elon Musk and President Donald Trump's explosive feud on Thursday. The disagreement, rooted in Musk's cri...

June 6, 2025 12:05 PM

Trump and Xi agree to more talks as trade disputes brew

U.S. President Donald Trump and Chinese leader Xi Jinping confronted weeks of brewing trade tensions and a battle over critical minerals in a rare leader-to-leader call on Thursday that left key issues to further talks. During the more than one-hour...

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