The rupee weakened by 12 paise to close at 85.92 against the US dollar on Monday, hit by rising global crude oil prices and a firm greenback, even as the Reserve Bank of India stepped in to limit losses. The domestic unit had ended at 85.80 per dollar on Friday.At the interbank foreign exchange market,…
India is set to increase its presence in the United States market. This is due to changes in Washington’s tariff policies. Niti Aayog reports India will gain competitiveness in many product categories. The US has higher import tariffs on countries like China and Mexico. This creates an opportunity for Indian exporters. India’s merchandise exports and…
US manufacturing is showing persistent signs of stagnation despite a policy push from both political sides — with President Donald Trump deploying steep tariffs and former President Joe Biden previously handing out subsidies — to shore up domestic industry. Job losses and tepid production data point to a sector still waiting for momentum to return.Factories…
NEW DELHI: Non-fossil fuel sources now make up half of power generation capacity, a milestone the country has achieved five years ahead of the target set under its Nationally Determined Contributions (NDCs) committed in to the Paris Agreement climate agreement.“In a world seeking climate solutions India is showing the way,” renewable energy minister Pralhad Joshi…
A high-level committee has approved a framework to enable the transfer of surplus land and buildings held by telecom PSUs — Bharat Sanchar Nigam Ltd (BSNL), Mahanagar Telephone Nigam Ltd (MTNL), and ITI Ltd — to central government organisations without an auction.The proposal, cleared at a meeting of the Committee of Secretaries in June, allows…
The government has appointed R Doraiswamy as the new Managing Director and Chief Executive Officer of Life Insurance Corporation of India (LIC), the state-run insurance giant.A notification issued by the Department of Financial Services on Monday confirmed the appointment, following the approval of the Appointments Committee of the Cabinet chaired by the Prime Minister, PTI…
Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries, has launched its Campa Cola soft drink brand in Nepal, marking its formal entry into the neighbouring country’s food and beverage market.According to a joint statement issued on Monday, RCPL has partnered with Nepal’s largest conglomerate, Chaudhary Group (CG), to manufacture and…
US stock markets edged lower Monday after President Donald Trump announced sweeping new tariffs on goods from the European Union and Mexico, raising concerns about renewed trade tensions. Despite the early pullback, major indexes remained near record highs as investors assessed the likelihood of a negotiated outcome before the August 1 deadline.The S&P 500 slipped…
In a major policy shift, the union ministry of road transport and highways has scrapped the practice of assigning fixed construction targets to states. Instead, it will now work jointly with states and collaborate in order to set floating targets for building national highways, expressways, and greenfield corridors, reported ET.Under the new approach, the centre…
A credit score can be the deciding factor between financial ease and costly borrowing. From securing a home loan to getting approved for a high-limit credit card, your score influences not only the chances of approval but also the interest rates you’ll pay. Hitting a credit score of 800 is like having a golden key…