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The rupee weakened to 87.75 against the US dollar due to importer demand, rising crude oil prices, and foreign fund outflows. Despite a strong opening, the rupee faced pressure from escalating trade tensions, particularly new US tariffs on Indian imports. Foreign reserves also saw a sharp decline, while domestic equities experienced gains.
Norway's sovereign wealth fund, the world's largest, is divesting from 11 Israeli companies due to the worsening humanitarian crisis in Gaza. The decision, prompted by increased scrutiny and government review, follows reports of investm ...more
Mutual fund inflows soared to record highs in July, propelled by robust equity scheme investments, which surged 81% to ₹42,702 crore. Debt funds rebounded strongly with ₹1.06 lakh crore inflows, while sectoral and thematic schemes l ...more
The initiative seeks to train over 2,000 students annually in emerging technologies, including 5G, AI, machine learning, networking, and cybersecurity.
Gold prices in India have soared to record highs, surpassing Rs 1.02 lakh, fueled by US tariff policies and global economic uncertainties. Experts attribute this surge to concerns over the US dollar's stability, rising inflation risks, ...more
According to Anarock data, as of H1 2025, the sales share of affordable housing has dropped to a mere 18%, or about 34,565 units of a total of 1.90 lakh units sold in the top 7 key cities
Real Estate Investment Trusts (REITs) offer an accessible avenue for Indians to invest in income-generating properties without direct ownership. Modelled on mutual funds, REITs pool investor money into residential or commercial properti ...more
Skoda Limited Edition Cars: Celebrating its 25th anniversary in India, Skoda Auto India has introduced Limited Editions of its Kushaq, Slavia, and Kylaq.
India has banned jute product imports from Bangladesh via land routes, now only permitted through Nhava Sheva seaport, escalating trade tensions. This action, detailed by the DGFT, impacts jute fabrics, ropes, and sacks. Previous restri ...more
In a recent interview, Mahindra Group CEO Anish Shah discussed the company's culture of healthy dissent, recalling his early disagreement with Anand Mahindra.
China South City, a major Chinese construction firm, faces liquidation following a Hong Kong High Court order, mirroring the Evergrande situation and highlighting the ongoing property sector crisis. Despite restructuring attempts and ke ...more
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