BUSINESS
RBI Governor Confirms India's Forex Reserves Adequate for 11+ Months of Imports
The week ended May 30 recorded a decrease of $1.2 billion in reserves after the consecutive eight-week growth ended.
RBI's 50 BPS Repo Rate Cut: Home Loan EMIs and Tenure Set to Decrease
This rate cut comes at the right time as India, now the world's fourth-largest economy, is seeing strong growth in the realty sector not just in big cities but also in tier 2 and tier 3 towns.
Vijay Mallya Challenges Recovery Figures, Seeks Clarity from Banks
Mallya made a disclosure that although his legal team had sent him reminders as many as 15 times and he had even written to the SBI chairman personally, the banks never gave him the statement of accounts.
RBI Slashes Repo Rate by 50 Basis Points to 5.5%, Marks Third Straight Cut
With this fresh cut, the repo rate now stands at its three-year low, offering relief to home, auto, and corporate borrowers. The repo rate was previously at a similar level of 5.40 per cent on August 5, 2022.
India's Services Sector Sees Unprecedented Hiring as May Growth Remains Strong
Seasonally adjusted HSBC India Services Purchasing Managers' Index (PMI) stood at 58.8 for the month of May 2025, just slightly above April's 58.7. This reflects a consistent and intense rate of expansion in business activity.
India Raises Objection to $800 Million ADB Aid Package for Pakistan
India, as per sources, has cautioned that the Pakistani military, which is now a dominant force in setting economic policy through its chairmanship of the Special Investment Facilitation Council, will undermine reform and roll back important policy actions.
Moody's Highlights Robust Infrastructure Demand as Key Driver for India's Investment Growth; Emphasizes Role of Private Sector
The report emphasized the key role of the power sector, which accounts for a large proportion of India's carbon footprint, in this transition.
OECD Forecasts India’s Economic Growth at 6.3% in 2025, 6.4% in 2026 Amid Global Slowdown
The country's robust economic momentum is being fuelled by firm domestic consumption, continued services and manufacturing growth, and ongoing government investment in infrastructure, the OECD said.
Tesla Declines 'Make in India' Initiative, Focuses on Retail Expansion
While Tesla remains on the sidelines regarding local production, other major global electric vehicle players—including Mercedes-Benz, Volkswagen-Škoda, Hyundai, and Kia—have expressed serious interest in participating in India’s flagship EV manufacturing initiative, announced by the ministry in March 2024.
President Trump Deeply Respects India, Says Commerce Secretary Lutnick: 'We Will Build a Great Relationship'
Addressing the 8th US-India Strategic Partnership Forum (USISPF) Leadership Summit, Lutnick asserted that the natural drive and ambition of India's people are what make its economy stand out.
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