India is on the verge of launching its own indigenous AI model—safe, secure, and tailored to meet the country’s unique needs. Union Minister for Electronics & Information Technology, Railways, and Information & Broadcasting, Shri Ashwini Vaishnaw, made this announcement in New Delhi at Electronics Niketan. With this move, India is positioning itself as a reliable …
In recent years, India has emerged as a key player in the global investment landscape, with CEOs expressing strong confidence in the country’s economic future. As per PwC’s 28th Annual Global CEO Survey, India ranks among the top 5 countries for investment, joining the ranks of the US, UK, Germany, and China. The findings highlight …
The Finance Minister is all set to present the Union Budget 2025 on Saturday, February 1, 2025, and the Indian stock market will remain operational like a normal trading day. The market and various sectors are anticipating significant announcements in the upcoming budget. Expectations include tax reforms, housing benefits, enhancements to the healthcare sector, and …
The Indian rupee falls to an all-time low of 86.65 per dollar due to fears over US tariffs. As per news reports, while the RBI intervenes, concerns over foreign outflows and the upcoming federal budget add pressure. Asian Currencies Decline The dollar’s strengthening further pressured Asian currencies, including the rupee. Trump’s statements on imposing tariffs …
On January 29, 2025, the Cabinet Committee on Economic Affairs (CCEA), has given its approval to revise the ethanol procurement prices for public sector oil marketing companies (OMCs) for the ethanol supply year (ESY) 2024-25. This revision is part of the Ethanol Blended Petrol (EBP) programme, which runs from November 1, 2024, to October 31, …
The Indian government has approved the National Critical Mineral Mission (NCMM) with an allocation of ₹16,300 crore, alongside an expected investment of ₹18,000 crore from public sector enterprises. The mission aims to achieve self-reliance in critical minerals and accelerate the country’s green energy transition. These minerals are essential for clean energy technologies, including electric vehicles, …
On January 30, 2025, the Indian rupee traded at 86.58 to the U.S. dollar, reaching an intra-day high of 86.72. This movement came after the U.S. Federal Reserve expectedly kept interest rates unchanged. Federal Reserve Chair Jerome Powell stated that there would be no rush to cut rates again, influencing market sentiment. The 1-month non-deliverable …
The Indian rupee weakened by 26 paise to 86.60 against the US dollar in early trade on Wednesday, as global risk appetite took a hit following renewed concerns over trade tariffs under U.S. President Donald Trump. The broader risk-off sentiment, coupled with a decline in Asian currencies, contributed to the rupee’s depreciation. Global Market Pressures …
Over the past decade, India has experienced rapid digitalisation, positioning itself as a global leader in the digital economy. Understanding the role of digitalisation in driving economic growth, employment, and sustainable development is crucial for both policymakers and the private sector. According to the State of India’s Digital Economy Report 2024, India ranks as the …
On January 24, 2025, the Indian rupee opened at 86.32 and fluctuated between a high of 86.30 and a low of 86.52 during the session, pressured by the strengthening American currency and a continued outflow of foreign funds Dollar Index Trades Lower The dollar index, which measures the greenback’s strength against a basket of six …
