The Coca-Cola Company is optimistic about expanding its portfolio of billion-dollar brands, with India playing a key role in this growth trajectory, said Henrique Braun, Executive Vice President and Chief Operating Officer, on Thursday.Speaking during his visit to Mumbai, Braun highlighted the significance of India in the company’s global growth strategy. He noted that Coca-Cola…
The circulation of central bank digital currency (CBDC), or e-rupee, surged to Rs 1,016 crore by the end of March 2025, up from Rs 234 crore a year earlier, according to the Reserve Bank of India’s (RBI) annual report released on Thursday.The RBI also indicated that it is exploring cross-border CBDC pilot projects, though it…
The US economy contracted at a 0.2% annual pace from January through March, marking the first quarterly decline in three years, as President Donald Trump’s trade policies disrupted business activity. The Commerce Department released the revised estimate Thursday, slightly improving on its initial figure.The drop in gross domestic product (GDP) — the broadest measure of…
US stock markets climbed Thursday after a federal court ruled that President Donald Trump overstepped his authority in imposing sweeping tariffs under emergency powers, providing relief to investors rattled by months of trade uncertainty. Strong earnings from chipmaker Nvidia further buoyed tech stocks, helping the Nasdaq lead gains.Wall Street opened higher, with the S&P 500…
The Reserve Bank of India’s (RBI) balance sheet expanded by 8.20 per cent year-on-year, reaching Rs 76.25 lakh crore as of March 31, 2025, according to the central bank’s Annual Report for 2024-25 released on Thursday. The increase contributed to a significant dividend payout of Rs 2.69 lakh crore to the central government.The report noted…
India is set to be the main engine of global economic growth in 2025 and 2026, according to the World Economic Forum’s (WEF) Chief Economists Outlook report. The report, which surveys leading economists, highlights India’s strong economic fundamentals and positive outlook despite ongoing global uncertainties. “India, the region’s largest economy, looked set to be the…
The Indian economy is expected to maintain a promising outlook in 2025-26, supported by several positive factors, according to the Reserve Bank of India’s (RBI) annual report for 2024-25, released on Friday.The report emphasized that economic growth momentum is likely to continue, driven by a revival in consumption demand, healthy balance sheets among banks and…
NEW DELHI: Security printing costs rose approximately 25% to Rs 6,372.8 crore in 2024-25 compared to Rs 5,101.4 crore in the previous year, as detailed in the RBI’s annual report released on Thursday.According to the report, the increase was mainly driven by a higher indent for printing banknotes.The circulation of banknotes showed growth in both…
The United States has imposed new export restrictions targeting a wide range of goods shipped to China, including semiconductor design software, chemicals, and industrial tools, Reuters reported, quoting sources.These new controls, likely to heighten Beijing-Washington tensions, target critical supply points to restrict China’s access to essential sector components.The affected items include semiconductor design software, chemical…
Nvidia first-quarter earnings results (AP) Nvidia announced impressive first-quarter results on Wednesday, reporting a 69% year-over-year increase in revenue, reaching $44.1 billion, surpassing Wall Street’s forecast of $43.28 billion. However, the company’s net profit of $18.78 billion was slightly below the anticipated $19.49 billion.Earnings per share came in at 73 cents, an increase from 61…