The Indian rupee depreciated by 33 paise to 86.55 against the US dollar in early trade on Tuesday, January 28, 2025, weighed down by the strength of the dollar in the overseas market and a muted trend in domestic equities. At the interbank foreign exchange market, the rupee opened at 86.45 and later slipped to …
Reliance Industries Limited (RIL), India’s largest conglomerate, has signed a Memorandum of Understanding (MoU) with the Maharashtra government to invest ₹3.05 lakh crore across multiple sectors. The investment, which spans new energy, retail, hospitality, and high-tech manufacturing, is expected to generate 3 lakh employment opportunities in the state. The agreement was formalised during the World …
The countdown for the Union Budget 2025 has begun. Finance Minister Nirmala Sitharaman will present the budget in Parliament on February 1, 2025, continuing the long-standing tradition. Despite some concerns about the date falling on a Saturday, previous budgets have also been presented on Saturdays. Stock Market will be Open on Budget Day The stock …
On January 27, 2025, the Indian rupee traded at 86.31 to the U.S. dollar, briefly touching an intra-day high of 86.30. The 1-month non-deliverable forward market indicated that the rupee would open near 86.30 compared to Friday’s close of 86.2050, reflecting subdued investor sentiment. Weekly Performance and Relief Rally Last week, the rupee posted a …
Union Minister for New and Renewable Energy, Shri Pralhad Joshi, highlighted India’s ambitious renewable energy target of 500 GW by 2030 at the Regional Review Meeting in Jaipur. Emphasising the rising power demand, expected to double by 2032, he underlined the critical role of renewable energy in the nation’s energy mix. The event brought together …
The Reserve Bank of India (RBI) has asked commercial banks to evaluate how new changes to the Liquidity Coverage Ratio (LCR) norms could affect their operations. This comes after concerns from banks about the stricter regulations, according to reports. Draft Norms Under Review The RBI is reviewing draft norms that are expected to come into …
India’s foreign exchange reserves declined by $1.8 billion to settle at $623.98 billion for the week ending January 17, 2025, according to data released by the Reserve Bank of India (RBI) on Friday. Breakdown of Reserves The decline was primarily driven by a significant drop in foreign currency assets (FCA), which fell by $2.87 billion …
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with the professional networking platform Apna to enhance talent acquisition for government-registered startups. The partnership is designed to empower startups by offering access to Apna’s hiring tools and tailored talent pools. Initiative to Offer Hiring Credits for Startups …
On January 23, 2025, the Indian rupee traded at 86.48 against the U.S. dollar, marking an intra-day high of 86.71 in a volatile trading session. The currency opened the day 11 paise weaker at 86.56 at the interbank foreign exchange market before sliding to its lowest point of the day at 86.71. Dollar Index Edges …
India’s renewable energy sector is rapidly transforming, and 2024 marked an exceptional year in this transition. With a growing commitment to sustainability and green energy solutions, India continues to make waves in the global energy landscape. By 2030, the country aims to achieve 500 GW of non-fossil fuel-based energy capacity—a monumental goal that solidifies its …
