India Financial News

Subscribe to enjoy similar stories. This month’s monetary policy committee’s (MPC) meeting that voted to keep the Reserve Bank of India’s (RBI) policy rate steady was the first since this panel’s reconstitution.

India vs New Zealand Live Score, 2nd Test Day 1: After suffering a shocking a record shattering defeat at the hands of visitors in Bengaluru, Rohit Sharma led India would be hoping to make a comeback in a do or die encounter at the Maharashtra cricket association stadium in Pune today. With both Shubman Gill and Rishabh Pant fit for team India, captain Rohit Sharma will have a task at his hand.

Amazon Great Indian Festival Diwali Sale: More than 30% off on AI laptops from HP, Lenovo, Acer and moreThe HP Pavilion Aero is an ultra-light laptop designed for maximum portability without compromising on power. Weighing under 1kg, it features an AMD Ryzen 5 8640U processor, 16GB RAM, and 512GB SSD for smooth performance.

Subscribe to enjoy similar stories. Raymond Lifestyle Ltd, the textiles and apparel company known for its suits and other formal wear, has ventured into categories such as ethnic clothing, innerwear, and sleepwear. Will its journey be comparable to that of any brand? Not exactly, since Raymond remains focused on men’s clothing and continues catering to consumer and business segments.

Subscribe to enjoy similar stories. Mumbai: Prices of steel rebars, a key component for construction, have seen a rise in recent months and can see upward movement in the coming weeks as building activity picks post monsoon, experts said, raising margin concerns for real estate and infrastructure firms. The price increases are partly due to a supply shortage amid a production slump at state-owned Rashtriya Ispat Nigam Ltd (RINL), a major manufacturer of long steel, which is used to make rebars.

Subscribe to enjoy similar stories. Bengaluru: Bike taxis and autos outnumber cars on Uber Technologies' fleet of 1 million taxis in the country, accounting for about a third of the American ride-hailing company's total revenue. The San Francisco-headquartered company also claims that 3% or 30,000 of its taxis, including cars, bikes and autos, are electric, making it the ride-hailing platform with the biggest electric fleet in the country.

Subscribe to enjoy similar stories. New Delhi: Despite the recent easing of tension between New Delhi and Beijing, the ghost of the 2020 Galwan clash is likely to hover for a while, as the implications of the border disengagement between the two countries is likely to unravel only slowly.

Subscribe to enjoy similar stories. The Centre has put its grand highway expansion plan spanning decades on the backburner, shifting its preference to short-term projects that can be approved and rolled out quicker, two people aware of the change said. The complexities of long-duration projects prompted the Union road ministry to stop pursuing its Vision 2047 blueprint, the people cited above said on the condition of anonymity.

Subscribe to enjoy similar stories. India and China have announced that they have reached an agreement on patrolling their common border after more than four years of tension. Can this boost trade and investment flow between the two economic powers? Mint explains: It is a first step towards rebuilding their relationship which took a beating following the border clash at Galwan in June 2020.

Russia’s President Vladimir Putin is hosting China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of Kremlin efforts to challenge Western global clout

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Reasons to buyReasons to avoidThe Rucksack Travel Backpack is designed for outdoor enthusiasts and adventure seekers. It features a spacious main compartment with multiple pockets for organized packing. The adjustable shoulder straps and padded back panel provide maximum comfort during long treks.

Subscribe to enjoy similar stories. Meta Platforms Inc.’s chief AI scientist, Yann LeCun, was in Davos for the annual World Economic Forum meeting in January when he met Nandan Nilekani—the Infosys co-founder at the vanguard of India’s many technological advances. That meeting, LeCun says, partly triggered his decision to visit India a third time.

Subscribe to enjoy similar stories. New Delhi: 19 March 2006. Wankhede Stadium, Mumbai.

Xi Jinping said Wednesday that the ongoing BRICS summit here has decided to invite a number of nations to become partner countries and called on the grouping to actively respond to the requests of countries of the Global South to join the bloc. BRICS consisting of Brazil, Russia, India, China and South Africa has now expanded with five additional members — Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. In his speech addressing the 16th BRICS Summit, Xi said the summit has decided to invite a number of nations to become partner countries, China's state-run Xinhua news agency reported. He hailed the decision as another important development in the course of BRICS development.

capital on Wednesday mainly driven by festive and wedding season demand, according to the All India Sarafa Association. Gold prices jumped by Rs 500 to an all-time high of Rs 81,500 per 10 grams while silver surged Rs 1,000 to Rs 1.02 lakh per kg. Gold prices of 99.9 per cent and 99.5 per cent purity rose by Rs 500 each to Rs 81,500 per 10 grams and Rs 81,100 per 10 grams, respectively.

Both sides should take on their international responsibilities and set an example for the development of other emerging economies, Chinese state broadcaster CCTV cited Xi as saying in a meeting with Modi on the sidelines of the BRICS summit in Russia's Kazan. PM Modi and Xi Jinping held their first bilateral talks in five years today, signalling that ties between the Asian giants damaged by a deadly military clash in 2020 had begun to recover.

smart wearable devices maker Garmin is aiming for a double-digit growth from its India business, which is a key focus market where it is investing, said an official from AMIT International Group (AIG), which has distribution rights for the country. The brand, which also makes marine devices used by ships, boats, and outdoor handhold devices, is also expecting growth from this segment. Analyst firms such as IDC said the Indian smart wearable market would decline 10 per cent in Q2 year-on-year to 29.5 million units. However, Garmin is unfazed by this and expects to continue its growth journey here, led by its strong product line and brand value, said AMIT GPS & Navigation General Manager, India Deepak Raina.

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Nagesh Kumar, the newest member of the Reserve Bank of India’s Monetary Policy Committee (MPC), has pointed to demand deficits in both domestic and international markets as a primary reason for the lack of momentum in private investment. In the minutes of RBI MPC's October meeting, Kumar has highlighted that despite companies maintaining healthy balance sheets and the government’s various reforms and incentives, private sector investment is yet to pick up. Kumar, who was the sole MPC member advocating for a rate cut in the latest meeting, believes that weak demand is holding back the investment recovery.