Rupee hits all-time low of 85.12. Following the US Federal Reserve’s recent decision, the dollar experienced a significant rally, strengthening against multiple currencies, including the Indian rupee. The decision to maintain or adjust interest rates by the Federal Reserve often has a profound impact on global currency markets. As a result of the Fed’s actions, […]
Sanjay Malhotra named next RBI governor. Sanjay Malhotra, a distinguished IAS officer from the 1990 batch of the Rajasthan cadre, has been named as the next Governor of the Reserve Bank of India (RBI). He will succeed Shaktikanta Das, whose tenure concludes on December 10. Malhotra’s appointment comes at a critical juncture for the Indian
RBI Holds Repo Rate, Lowers GDP Forecast The Reserve Bank of India (RBI) decided to leave the policy repo rate unchanged during its latest monetary policy meeting, marking the 11th consecutive instance of maintaining the status quo. However, in a significant move, the central bank revised its GDP growth forecast for the current fiscal year
TotalEnergies halts Adani investments over bribery charges. French oil giant TotalEnergies has decided to halt further investments in the Adani Group, citing concerns over bribery allegations. The decision comes in response to charges filed in the United States that accuse certain individuals within the Adani Group of involvement in a bribery scheme. TotalEnergies, which has
TotalEnergies halts Adani investments over bribery charges. Read More »
Congress demands JPC probe after Adani charges. Congress has called for a Joint Parliamentary Committee (JPC) investigation into ongoing scams, citing the recent US indictment of Indian billionaire Gautam Adani as a key example. The party argues that the charges against Adani, related to a massive bribery scheme, highlight the urgent need for a thorough
Rupee falls 14 paise to 84.23 against dollar. Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six major currencies, was trading 1.64 percent higher at 105.11. This rise in the dollar’s value contributed to the rupee’s decline, as the strengthening of the U.S. dollar often leads to pressure on other
CEO blames ‘poverty mindset‘ for keeping poor poorer. On October 22, 2024, Joseph Darby, CEO of Become Wealth, sparked controversy with his comments about poverty. He claimed that the poor are getting poorer due to their own mindset and choices, rather than external factors. According to Darby, the so-called “poverty mindset” leads people to adopt
CEO blames ‘poverty mindset’ for keeping poor poorer. Read More »
Hyundai India IPO sees 10% subscription on Day 1; retail 17%. The Hyundai India IPO saw a mixed response on the first day of subscription. So far, the Non-Institutional Investors (NII) portion has been subscribed 7%, indicating a relatively subdued interest among this category of investors. On the other hand, the employee portion of the
Hyundai India IPO sees 10% subscription on Day 1; retail 17%. Read More »
RBI keeps repo rate steady, no change in monetary policy stance. The Reserve Bank of India (RBI) has kept the key policy repo rate unchanged at 6.5% for the tenth consecutive meeting, continuing its strategy to strike a balance between promoting economic growth and managing inflation. This decision came during its monetary policy review on
RBI keeps repo rate steady, no change in monetary policy stance. Read More »
Swiss accounts with ₹2753 cr of Adani proxy frozen. An alleged front man for the Adani Group has reportedly been investing in offshore funds based in tax havens, raising concerns about financial transparency. These funds were allegedly used exclusively for purchasing and holding Adani Group stocks, prompting further scrutiny into the nature of these investments.
Swiss accounts with ₹2753 cr of Adani proxy frozen. Read More »
