India Financial News

Subscribe to enjoy similar stories. Reserve Bank of India (RBI) Governor Sanjay Malhotra does not seem to believe in slow starts. Soon after assuming office, he has shot multiple arrows from his regulatory bow.

Fitch Ratings said in a note. Post the higher-than-anticipated tariffs imposed the US administration, the rating agency projected that US growth in 2025 is likely to be slower than the 1.7 per cent that it had projected in March. According to Fitch Ratings, tariff hikes will result in higher consumer prices and lower corporate profits in the US. «Higher prices will squeeze real wages, weighing on consumer spending, while lower profits and policy uncertainty will act as a drag on business investment,» Fitch said. «Upward pressure on goods prices from tariffs — in the context of a recent large jump in US households' medium-term inflation expectations — means the Fed is likely to become more cautious about further rate cuts in the near term.»

Congress general secretary Sachin Pilot on Sunday said that Prime Minister Narendra Modi should have worked out a constructive solution during his last America visit rather than just indulging in «photo ops» and exchanging gifts. He said that at a time the world is responding to the imposition of reciprocal tariffs by the US, the Indian government is merely buying time and leaving everything to fate. In an interview to PTI, the former minister for Corporate Affairs said the Indian government is accepting what has been given out and has not even offered a response. «I would imagine, when the PM was in Washington (in February) and met the president of the US, instead of just photo ops and exchanging gifts, something more constructive should have come out of it,» Pilot said. «If our relations are as strong as the two leaders claim, then we would not have been slapped with these steep tariffs. Clearly our exports will be severely hit, manufacturing was in any way on a downside, MSMEs are in for a shock...The economy will face severe stress due to resulting layoffs and job losses but unfortunately we have not had an adequate response or even an indication of how to navigate this situation.» he said. The government was caught napping and it seems under US pressure to sacrifice Indian interests, he alleged.

reciprocal tariffs by the US on other competing nations raises the possibility of increased dumping by those nations in India, as well as in other export markets, which could negatively impact certain sectors, CareEdge Ratings said in a report. According to the report ' Sectoral Impact of US Reciprocal Tariff: Neutral to Negative, ' the expected direct impact of US reciprocal tariffs would vary, with no impact expected on pharmaceuticals since they are exempt from reciprocal tariffs for now. According to the rating agency, the impact is expected to be largely neutral for electronics, textiles, agricultural products, chemicals, and automobiles and parts. At the same time, it would be negative for gems and jewellery. During 2023-24, India's aggregate merchandise exports to the US stood at USD 77.5 billion compared to its imports from the US at USD 42.2 billion. Out of India's total exports to the US, the sectors in descending order of value are electronics, textiles, pharmaceuticals, gems and jewellery, agricultural products, chemicals and automobiles and parts.

Reserve Bank of India's rate-setting panel is set to take its first monetary policy decision of the financial year in a review meetings starting Monday, amid a significant moderation in headline inflation over recent months. A Reuters poll of economists forecasts a 25 basis point cut in rates at the meeting. The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators. The other five meetings are scheduled for June 4-6, August 5-7, September 29-October 1, December 3-5, and February 4-6. In the previous MPC meeting on February 7, the Reserve Bank of India (RBI) had unanimously decided to reduce the policy rate by 25 basis points (bps) from 6.5 per cent to 6.25 per cent. This was the first rate cut in about 5 years. The repo rate is the rate of interest at which the RBI lends to other banks.

Earlier, Tamil Nadu Congress Committee President K Selvaperunthagai said that the party condemns the idea of One Nation One Election, the passing of the Waqf (Amendment) Bill, the non-disbursement of funds and other policies. The party is also going to raise slogans condemning the Waqf Bill as PM Modi reaches Rameswaram city. "(Union Finance Minister) Nirmala Sitharaman in Chennai event said One Nation One Election would be implemented.… we are holding this protest. We will also raise new slogans as PM Modi reaches Rameshwaram," K Selvaperunthagai said. «We are also showing black flag to Modi condemning Waqf Board Amendment,» he added.

“We have to be patient. Trade pacts do not happen overnight. It is a careful and steady process. Things are analysed carefully,” an official said on the condition of anonymity, adding that a slight impact on demand in the US could be a little challenging. India has “emerged a winner” following the reciprocal tariffs imposed by the United States, officials said, pointing out that the country has a first mover advantage compared to its competitors owing to of the Bilateral Trade Agreement (BTA) that the two are negotiating and because Indian exporters are better positioned to deal with the additional US tariffs. They said the country will take all measures within the World Trade Organization (WTO) framework to check dumping of goods from countries such as China which have been slapped with steeper tariffs. “The government is there to protect domestic industry from any possibility of dumping of goods in such a situation,” the official added. While the US has imposed 26% reciprocal tariffs on India, it has levied 34% additional import duties on China. India is also likely to gain from the US-China trade war, according to officials.

Subscribe to enjoy similar stories. The Indian economy's performance showed some improvement in February as compared with the previous month, showed the 16-high frequency indicators tracked by Mint in its monthly macro tracker. The recovery was led mainly by tractor sales and Purchasing Managers’ Index (PMI).

Subscribe to enjoy similar stories. Bengaluru: Wipro Ventures’ new co-managing partner Ali Wasti is expected to drive a deeper focus on artificial intelligence at the $500-million corporate venture arm of Wipro Ltd. The investment firm recently appointed Wasti, a veteran investor in deep-tech startups, to replace Venu Pemmaraju, who retired from the company last week.

Subscribe to enjoy similar stories. Imagine there was no other country but India. The subcontinent was all the landmass that there was on the planet, with oceans all around.

collaboration, global music sensation Diljit Dosanjh recently turned bhangra tutor for none other than Hollywood superstar Will Smith. The two stars met and had a blast, grooving to the beats of Diljit's hit track, «Case,» and sharing a heartwarming moment on social media. On Sunday morning, Diljit took to Instagram to share the fun-filled video of the duo dancing together.

Hrithik Roshan has gone viral on social media. On X, a user named TheLizVariant shared a stunning picture of the ‘Dhoom 2’ star and contrasted it with an image of an ageing American man that read, “50-year-olds in 1985 vs. 50-year-olds in 2025...” and captioned it, “It’s funny cause it’s true. Why do you think that is, though?

GeM is a Section 8 company established under the administrative control of the Department of Commerce, Ministry of Commerce and Industry, for procuring goods and services by central ministries, State Departments, PSEs, and Autonomous Bodies. In India, the GeM has emerged as a game-changer in public procurement, creating an open and inclusive platform that benefits not just government buyers but also local entrepreneurs, startups, and small businesses.

Delhi Metro will soon introduce India’s first metro corridor designed to operate with 3-coach long trains. An official statement said unlike most metro lines that use 4, 6, or 8-coach trains, this 3-coach system has been developed to cater specifically to short-distance urban travel. The Lajpat Nagar to Saket G Block Metro Corridor of Phase-IV will be the second smallest metro line (8 kms) in the Delhi Metro network, enhancing last-mile connectivity while ensuring seamless interchange with existing metro corridors, the statement added. Projected daily ridership on this corridor is expected to rise from 60,000–80,000 passengers in 2025 to over 1,20,000 in 2041.

Thailand declined to an over three-year low this week due to U.S. President Donald Trump's move to impose import tariffs and an existing market surplus, while India's export prices neared a two-year low on subdued demand. A flat 26% tariff was imposed on all goods being exported by India to the U.S., while Thailand's exports to the U.S. will attract 36%, Bangladesh 37% and Vietnam 46%. Thailand's 5% broken rice fell to $395-$400 per metric ton, its lowest since January 2022.

RPG Group Chairman Harsh Goenka has stepped into the ongoing conversation around India’s startup culture and work ethic, aligning himself with two high-profile voices—Commerce Minister Piyush Goyal and Infosys founder N.R. Narayana Murthy. Goenka’s remarks, made via social media on 5 April, came in the wake of criticism directed at Goyal for questioning the direction of India’s startup ecosystem. The minister recently stirred a storm with his comments at the Startup Mahakumbh 2025. “When Murthy and Subrahmanyan spoke of 70-90 hour work weeks, and Piyush Goyal questioned startups making vegan ice creams and chasing 10-minute deliveries, they weren’t being literal—they were being directional. They were asking: what are we really building?” Goenka posted on X.

Samay Raina appeared before the Guwahati Crime Branch on Saturday in connection with the case filed against him for allegedly promoting obscenity and vulgar content through his YouTube show 'India's Got Latent. ' The alleged accused, Samay Raina, earlier informed the Guwahati Police that he wouldn't be able to appear before them as he was out of India for his comedy tour. On Saturday, Samay visited the Guwahati Crime Branch to record his statement by the investigating officer. While talking to ANI, Ankur Jain, Joint Police Commissioner, Guwahati, said that police questioned Samay Raina and recorded his statement in connection to the case. On February 10, Guwahati Police had registered an FIR against certain YouTubers and social Influencers, namely Ashish Chanchlani, Jaspreet Singh, Apoorva Makhija, Ranveer Allahbadia, Samay Raina and others for promoting obscenity and engaging in sexually explicit and vulgar discussion in a show titled «India's Got Latent».

markets in the last four trading sessions this month due to sweeping tariffs imposed by the US on most nations, including India. The outflow occurred after a net investment of Rs 30,927 crore in the six trading sessions from March 21 to March 28. This infusion helped reduce the overall outflow for March to Rs 3,973 crore, according to data from the depositories. In February, foreign portfolios (FPIs) pulled out Rs 34,574 crore, while the outflow was higher at Rs 78,027 crore in January.

health insurance market: many individuals are choosing to quit their health insurance policies. While high premiums and the introduction of Goods and Services Tax (GST) on premiums are often cited as reasons, these financial pressures alone do not fully explain why people are opting out. It is the combination of these costs with a surge in claim rejections and the feeling of inadequate coverage that is leading many to reconsider their insurance choices.

Subscribe to enjoy similar stories. Towards the end of Santanu Bhattacharya’s novel Deviants, Vivaan, who is one of the three protagonists, has a heart-to-heart with his beloved uncle, his “Mambro", a clever pun he had conjured up as an eight-year-old to refer to his mother’s brother. Like Vivaan, Mambro is gay, as was Mambro’s uncle Sukumar—Vivaan’s Grand-Mamu—in another era.

Subscribe to enjoy similar stories. New Delhi: India will refrain from taking retaliatory action against the US’ reciprocal tariffs or making sharp public responses against Washington, keeping trade diplomacy at the centre of its strategy, a senior government official said. As a global tariff war unfolds in response to US President Donald Trump’s additional tariffs on more than 60 nations, India is taking a calm and measured approach, positioning itself as a balanced negotiator, the official said.