Brazil, the current presiding nation of BRICS, has officially announced Indonesia’s full membership in the bloc. This significant development follows the inclusion of Iran, Egypt, Ethiopia, and the UAE in 2023, marking a continued expansion for the group of developing economies. Indonesia, the world’s fourth-most populous country, finalised its membership decision in August 2023 but …
Automobile retail sales in 2024 grew by 9% year-on-year, driven by strong demand for two-wheelers and passenger vehicles, despite a challenging business environment. Total vehicle registrations for the year reached 26,107,679 units, up from 23,928,293 units in 2023. This increase reflects a growth of 9%, as reported by the Federation of Automobile Dealers Associations (Fada). …
On January 07, 2025, the Indian rupee traded at 85.72 to the U.S. dollar, down nearly 0.02% against 85.83 at the previous close yesterday. The currency hit its all-time low of 85.84 yesterday. Dollar Index Rally Pause The dollar index slipped around 1% against major currencies after a news report indicated that Donald Trump’s advisors …
On January 6, 2025, at 12:30 PM, Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone for multiple railway projects via video conferencing. These projects are set to enhance connectivity, infrastructure, and socio-economic growth across key regions in India. Jammu Railway Division: Fulfilling Long-Pending Aspirations The highlight of the event is the inauguration …
Ratan Naval Tata, known for his immense contribution to business and philanthropy, was born on December 28, 1937, in Mumbai and passed away on the night of October 9, 2024, at the age of 86, in a hospital in Mumbai. Tata’s early life shaped his values of resilience and determination. Raised by his grandmother, Navajbai …
On January 4, 2025, the Ministry of Coal reported outstanding achievements in coal production and dispatch for the year 2024, underscoring its dedication to enhancing energy security and supporting the Atmanirbhar Bharat (Self-Reliant India) vision. Record-Breaking Coal Production In 2024, coal production reached a historic high of 1,039.59 million tonnes (MT) (provisional), marking a 7.28% …
India’s foreign exchange reserves dropped by $4.11 billion to $640.279 billion as of December 27, 2024. This was the fourth straight weekly fall in reserves maintained with the Reserve Bank of India. Reserves Declined Last Week In the previous week, India’s total reserves decreased by $8.478 billion, reaching $644.391 billion. As per news reports the …
During Nov 2024, the coal sector recorded remarkable growth with a provisional increase of 7.5%, reaching 199.6 points compared to 185.7 points in November 2023. This performance is part of the overall results from the Index of Eight Core Industries (ICI), which is released by the Ministry of Commerce & Industries. The base year for …
The Indian economy, once riding high on post-pandemic recovery, now finds itself at a crossroads as it steps into 2025. Signs of deceleration have tempered a promising growth story marked by resilience and opportunity. As the global economic environment remains fraught with uncertainties, the outlook for India’s economy presents a complex mix of hope, challenges, …
On January 03, 2025, the Indian rupee traded at 85.79 to the U.S. dollar, up nearly 0.02% against 85.75 at the previous close yesterday. The currency depreciated by 2.8% in 2024, marking its seventh consecutive year of decline. The Indian Rupee hit an all-time low of 85.8075 last Friday. Strong US Data Release Aids Dollar …
