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Economy

Depreciating rupee offers opportunities for NRIs, GCCs; risks remain ahead

While firms like KPMG, Emkay Global, CRISIL, and Anarock see potential gains for overseas investors, they also caution about the challenges ahead if the rupee's fall continues

Depreciating rupee offers opportunities for NRIs, GCCs; risks remain ahead
Updated On : 24 Jan 2025 | 11:27 PM IST

Private sector activity slows to 14-month low of 57.9 in Jan: PMI data

The index compiled by S&P Global fell to 57.9 in January from December's final reading of 59.2

Private sector activity slows to 14-month low of 57.9 in Jan: PMI data
Updated On : 24 Jan 2025 | 11:24 PM IST

Odisha fiscally healthiest; Punjab, AP, WB laggards: NITI Aayog report

Serious concern on debt sustainability in West Bengal, Punjab, says report

Odisha fiscally healthiest; Punjab, AP, WB laggards: NITI Aayog report
Updated On : 24 Jan 2025 | 11:01 PM IST

Weaker rupee seen as boost for exports, but reality is more complex: FIEO

Explaining it further, he said, that if the rupee depreciates by 2 per cent and the currencies of key competitors decline by 3-5 per cent, Indian exporters lose competitiveness in global markets

Weaker rupee seen as boost for exports, but reality is more complex: FIEO
Updated On : 24 Jan 2025 | 7:30 PM IST

Forex reserves decline by $1.88 bn to $623.983 bn, shows RBI data

Earlier, the overall kitty declined by US$ 8.714 billion to US$ 625.871 billion in the week ended January 10, the Reserve Bank of India said

Forex reserves decline by $1.88 bn to $623.983 bn, shows RBI data
Updated On : 24 Jan 2025 | 5:52 PM IST

Rupee posts biggest weekly gain in over a year, underperforms peers

The dollar/rupee forward premiums, meanwhile, extended declines this week, as the Reserve Bank of India conducted buy/sell swaps alongside its spot intervention

Rupee posts biggest weekly gain in over a year, underperforms peers
Updated On : 24 Jan 2025 | 4:02 PM IST

January's biz growth at 14-month low due to weak services demand: PMI data

Composite job creation reached an all-time high since the survey's inception in December 2005.

January's biz growth at 14-month low due to weak services demand: PMI data
Updated On : 24 Jan 2025 | 10:58 AM IST

Budget 2025-26: MSME ministry pitches for higher Mudra loan limits

In the proposal sent to the finance ministry, the MSME ministry has suggested raising the Shishu category limit to Rs 5 lakh and the Kishore category to Rs 10 lakh

Budget 2025-26: MSME ministry pitches for higher Mudra loan limits
Updated On : 24 Jan 2025 | 12:26 AM IST

RBI expected to transfer another bumper payout to govt, say analysts

The RBI makes an annual payout to the government from the surplus income it earns on investments and valuation changes on its dollar holdings

RBI expected to transfer another bumper payout to govt, say analysts
Updated On : 24 Jan 2025 | 12:13 AM IST

RBI to conduct overnight VRR auction worth Rs 2 trillion on Friday

The liquidity deficit stood at Rs 2.87 trillion on Wednesday, according to the latest data from the RBI

RBI to conduct overnight VRR auction worth Rs 2 trillion on Friday
Updated On : 23 Jan 2025 | 11:42 PM IST

Telangana govt inks MoUs worth Rs 1.79 trillion investments at Davos

The biggest individual investments breakup broadly includes Amazon AWS - Rs 60,000 crore data centre, Sun Petrochemicals - Rs 45,500 crore, Tillman Global Holdings - Rs 15,000 crore

Telangana govt inks MoUs worth Rs 1.79 trillion investments at Davos
Updated On : 23 Jan 2025 | 11:17 PM IST

Signed 61 MoUs entailing investment of Rs 15.7 trn at Davos: Fadnavis

The annual five-day meeting of the WEF is underway in Davos, Switzerland from January 20

Signed 61 MoUs entailing investment of Rs 15.7 trn at Davos: Fadnavis
Updated On : 23 Jan 2025 | 10:08 PM IST

Chhattisgarh attracts investment proposals of Rs 6,000 cr at investor meet

At the meet, Chhattisgarh Chief Minister Vishnu Deo Sai also held discussions with US Consul General Mike Hankey and Consul General of Russia Ivan Y Fetisov on investment possibilities in the state

Chhattisgarh attracts investment proposals of Rs 6,000 cr at investor meet
Updated On : 23 Jan 2025 | 9:50 PM IST

Gujarat aims to contribute 10% to India's GDP: IAS Officer Mona Khandhar

''We are aligned with the mission of Viksit Bharat...,'' she said

Gujarat aims to contribute 10% to India's GDP: IAS Officer Mona Khandhar
Updated On : 23 Jan 2025 | 8:21 PM IST

Growing geoeconomic fragmentation can decrease global GDP by $5.7 trn: WEF

The Navigating Global Financial System Fragmentation report estimated that fragmentation resulting from statecraft policies could cost the global economy $0.6 trn to $5.7 trn up to 5% of global GDP

Growing geoeconomic fragmentation can decrease global GDP by $5.7 trn: WEF
Updated On : 23 Jan 2025 | 7:38 PM IST

Will maintain 6-8% economic growth, inflation under check: Vaishnaw

Speaking at a session during the World Economic Forum Annual Meeting here, the minister said inclusive growth remains a key pillar of the country's economic blueprint

Will maintain 6-8% economic growth, inflation under check: Vaishnaw
Updated On : 23 Jan 2025 | 6:05 PM IST

Retail inflation for farm, rural workers drops to 5.01% and 5.05% in Dec

The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) remained unchanged for December 2024 at 1,320 and 1,331 points, respectively

Retail inflation for farm, rural workers drops to 5.01% and 5.05% in Dec
Updated On : 23 Jan 2025 | 5:34 PM IST

Rupee's fall due to dollar's rise, RBI intervention can harm exports: Rajan

Rajan said the dollar has been appreciating against other currencies, partly due to fear of Trump tariffs

Rupee's fall due to dollar's rise, RBI intervention can harm exports: Rajan
Updated On : 23 Jan 2025 | 5:18 PM IST

Budget 2025: Why scrapping home loan tax benefits could hurt the common man

The socio-economic implications of scrapping the old tax regime for India's real estate sector - currently valued at $493 billion and contributing 7.3 per cent to GDP - deserve careful scrutiny

Budget 2025: Why scrapping home loan tax benefits could hurt the common man
Updated On : 23 Jan 2025 | 4:45 PM IST

India to overcome impact from Trump's trade policies, says Ashwini Vaishnaw

While Vaishnaw did not give details of which products the govt would be open to reducing duties on, he said all discussions will happen taking into account the holistic needs of both the countries

India to overcome impact from Trump's trade policies, says Ashwini Vaishnaw
Updated On : 23 Jan 2025 | 1:21 PM IST