India, US agree on trade deal terms. India, U.S. Finalise Terms for First Phase of Trade Deal; Talks Advance Amid Tariff Pause The development comes shortly after U.S. President Donald Trump announced a 90-day pause on most tariff hikes for key trading partners, including India. The pause, announced on Wednesday, is seen as a temporary […]
RBI cuts policy rate 25 bps to 6%. Mumbai: The Reserve Bank of India (RBI) on Wednesday cut the key policy interest rate by 25 basis points, reducing the repo rate from 6.25 per cent to 6 per cent. This marks the second consecutive rate cut, aimed at supporting the slowing economy amid rising global
RBI lowers repo rate to boost growth. RBI Governor stated that the Monetary Policy Committee (MPC) has unanimously decided to maintain a neutral stance regarding monetary policy. This decision aims to balance economic growth with inflation control, ensuring financial stability. The committee carefully evaluated prevailing macroeconomic conditions before reaching this conclusion. By maintaining a neutral
Bitcoin surpasses $100,000 ahead of Trump’s crypto action. Ross Ulbricht’s case has become a rallying point for many crypto advocates and Libertarian activists who argue that government investigators overstepped their bounds in building the case against the Silk Road, the infamous online marketplace he created. These advocates believe that the legal proceedings against Ulbricht were
Bitcoin surpasses $100,000 ahead of Trump’s crypto action. Read More »
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
