Saudi Arabia discovered oil 87 years ago today. Eighty-seven years ago, Saudi Arabia struck oil, a discovery that would transform the nation’s destiny. The first commercial oil well, Dammam No. 7, was struck in 1938, marking the beginning of the country’s rise as a global energy powerhouse. The newfound wealth from oil exports revolutionized Saudi […]
Rupee drops 19 paise, closes at 87.37/USD. India’s foreign exchange reserves saw a significant boost, rising by USD 4.758 billion to reach USD 640.479 billion for the week ending February 21, 2025, according to the latest data. This increase marks a continued upward trend in forex reserves, reflecting the stability and strength of India’s external
“Adani Group plans ₹30,000 crore Kerala investment” The Adani Group is set to invest ₹30,000 crore in Kerala over the next five years, further strengthening its presence in the state. A significant part of this investment is directed towards the development of the Vizhinjam port, a strategic project aimed at enhancing maritime trade and connectivity.
“Adani Group plans ₹30,000 crore Kerala investment” Read More »
US SEC seeks India’s help in Adani probe. The US Securities and Exchange Commission (SEC) informed a New York district court on Wednesday that it has sought assistance from India’s law ministry to serve its complaint to the Ahmedabad-based Adani Group. The SEC stated that since the Adanis are primarily based in India, cooperation from
Trump-Modi meeting: Strategic ties, trade focus. Indian Prime Minister Narendra Modi praised U.S. President Donald Trump during their recent meeting, highlighting the strong relationship between the two nations. Modi commended Trump’s leadership and the growing strategic partnership between India and the United States. While expressing admiration, Modi subtly sought to address concerns about the steep
Trump-Modi meeting: Strategic ties, trade focus. Read More »
Trade, tariffs, visas to dominate Trump-Modi talks. When Indian Prime Minister Narendra Modi visits Washington to meet President Donald Trump later on Thursday, the occasion will be marked by warm hugs and shared laughs. But beyond the optics of camaraderie, the meeting carries significant strategic and economic implications for both countries. Trump and Modi have
Trade, tariffs, visas to dominate Trump-Modi talks. Read More »
Trump to unveil 25% steel, aluminum tariffs Monday. Trump, speaking to reporters Sunday on Air Force One, announced that a 25% tariff on steel and aluminum imports would apply to all countries. The decision is expected to have significant economic and trade implications globally. Industry leaders and foreign governments are closely watching for further details.
Trump to unveil 25% steel, aluminum tariffs Monday. Read More »
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
Mukesh Ambani announces Reliance’s investment plans for West Bengal. At the inaugural session of the Bengal Global Business Summit 2025, several prominent companies, including Reliance Industries, ITC, JSW, Ambuja Neotia Group, and the RP-Sanjiv Goenka Group, pledged significant investments in West Bengal. These commitments aim to strengthen the state’s economic growth and infrastructure development. Mukesh
Mukesh Ambani announces Reliance’s investment plans for West Bengal. Read More »
China imposes 15-25% tariffs on US imports. China announced on Tuesday that it will impose a 15% tariff on coal and LNG products, along with a 10% tariff on crude oil and other imports from the United States. This move comes as a direct response to tariffs imposed by the Trump administration. The tariffs are
