Former Reserve Bank deputy governor Michael Patra on Monday said corporate India is a “missing actor” in the country’s growth story, stressing that the economy can accelerate beyond 8% if businesses step up investments.“Now we are seeking to head back [to 8%]. The most important missing actor in this is corporate India, which is not…
The rupee closed at a fresh all-time low of 88.10 against the US dollar on Monday, slipping by just 1 paisa amid concerns over Indo-US trade tariffs and strong dollar demand from importers.Currency traders said the domestic unit opened weaker at 88.18 at the interbank foreign exchange market and fell further to touch an intra-day…
India’s outward foreign direct investment (FDI) flows have grown at a sharp pace over the past five years, with a compound annual growth rate (CAGR) of 12.6%, much higher than the global average of 3.9%, according to a Bank of Baroda report.The report, authored by economist Dipanwita Mazumdar, noted that India’s outward FDI touched a…
India’s current account deficit (CAD) narrowed sharply to $2.4 billion, or 0.2% of GDP, in the June quarter of 2025-26, from $8.6 billion (0.9% of GDP) in the same period last year, the Reserve Bank of India (RBI) said on Monday.The improvement was aided by robust services exports, even as the merchandise trade gap widened….
Leading automakers, including Maruti Suzuki, Hyundai, Mahindra, and Tata Motors, reported a decline in vehicle dispatches to dealers in August as buyers deferred purchases amid expectations of lower prices under the proposed goods and services tax (GST) rejig.Maruti Suzuki India, the country’s largest carmaker, posted an 8% year-on-year fall in passenger vehicle dispatches at 1,31,278…
Prices of aviation turbine fuel (ATF) and commercial LPG were reduced on Monday, bringing partial relief to airlines and businesses, though domestic cooking gas rates remain steady.Aviation turbine fuel (ATF) prices were cut by 1.4 per cent on Monday, while commercial LPG cylinders became cheaper by Rs 51.50, reflecting a decline in global benchmark rates,…
Sebi proposes revised rules for cyber-security framework Sebi’s recent clarifications on its Cybersecurity and Cyber Resilience Framework introduced tiered compliance standards, reducing requirements for smaller intermediaries. While the move is seen as a step toward strengthening market security and aligning with global norms, experts caution that smaller firms may still struggle with the costs and…
Representative image (AI-photo) Electric vehicle manufacturers are expressing strong opposition to a proposed GST increase on high-end electric vehicles, cautioning that it could hamper progress in the nation’s transition to clean mobility at a crucial time.The GST rationalisation group of ministers (GoM) has suggested raising tax rates to 18% from 5% for EVs priced above…
Historical patterns indicate a potentially muted period for Indian equity markets in September. Last year during this month, Indian stocks reached their highest points before experiencing significant volatility.Statistical analysis by Motilal Oswal Financial Services, cited by Economic Times, reveals that both Nifty 50 and Nifty 500 have declined in six out of the previous ten…
Harry Dent, the Harvard Business School graduate and economic forecaster often labeled a “doomsday expert” for his decades of bearish market predictions, has taken a surprisingly optimistic stance on cryptocurrency. In a recent conversation with Rich Dad Poor Dad author Robert Kiyosaki, Dent argued that Bitcoin and crypto technology could transform the $630 trillion global…