India’s merchandise exports to the United States grew by 16.93% year-on-year in May, reaching $8.83 billion. Imports from the US, on the contrary, dipped 5.76% to $3.62 billion, according to data released by the commerce ministry.The upward trend continued into the April–May period, with exports to the US climbing 21.78% to $17.25 billion. Imports during…
The Reserve Bank of India (RBI) on Monday released a fresh set of draft regulations aimed at updating the rules for Rupee Interest Rate Derivatives (IRD), in a move designed to bring the regulatory framework in line with evolving market practices and increased participation from non-resident entities.The current framework, last revised in June 2019, is…
Odisha’s government on Monday approved eight mega projects with a combined investment of Rs 1.51 lakh crore, in a significant push for the state’s industrial growth.The projects, which are expected to generate more than 62,000 employment opportunities, were given the green light during a high-level clearance authority (HLCA) meeting chaired by CM Mohan Charan Majhi.The…
French high end fashion group Kering appointed Luca de Meo, the man behind rescuing carmaker Renault from crisis, as its new chief executive to steer the company’s struggling flagship brand Gucci back on course.De Meo, 58, will officially take over in September, after shareholders approve of a new governance structure that separates the roles of…
The Reserve Bank of India (RBI) on Monday released a fresh set of draft regulations aimed at updating the rules for Rupee Interest Rate Derivatives (IRD), in a move designed to bring the regulatory framework in line with evolving market practices and increased participation from non-resident entities.The current framework, last revised in June 2019, is…
India’s monthly unemployment rate climbed to 5.6% in May 2025, up from 5.1% in April, according to government data released on Monday. The rise can be largely attributed to seasonal factors and reduced rural employment after the end of the Rabi harvest season, the ministry of statistics and programme implementation said in its report.Last month,…
Wall Street opened in green on Monday, with investors showing signs of relief as tensions between Israel and Iran appeared to ease slightly. Nasdaq composite jumped 1.04% or 201.23 points to 19,608.06. The S&P 500 climbed 0.87% or 51.80 points, reaching 6,028.77 in early trading, recovering some ground after last week’s drop. The Dow Jones…
Prefer paying online but annoyed by the time digital transactions take? There’s good news for you. Starting Monday, UPI payments have become significantly faster, with transactions, balance checks, and reversals now processing in just 10 to 15 seconds, down from the earlier wait time of up to 30 seconds.The time to validate a payee’s address…
Indian companies are expected to register stable revenue growth in the April–June quarter of the current financial year, lifted by strong domestic demand, a report by ratings agency ICRA released on Monday said.However, lingering geopolitical tensions are likely to weigh on sentiment, particularly for export-driven sectors.ICRA projects operating profit margins for the first quarter of…
Vehicle segments demonstrated steady performance in May 2025, as indicated in a recent analysis from the Society of Indian Automobile Manufacturers, quoted by ANI.The combined domestic sales figures for passenger vehicles, three-Wheelers, two-wheelers, and quadricycles reached 20,12,969 units in May 2025.The strongest performance was observed in two-wheeler and passenger vehicle categories. However, three-wheelers and quadricycles…