The Indian rupee has shown strength this week, gaining momentum as weak US economic data weighed on the dollar. However, a drop in forward premiums following the Reserve Bank of India’s (RBI) recent liquidity measures suggests that market dynamics remain fluid. USD/INR spot traded down 0.12% at 86.93 at 3:10 PM against the previous close …
India’s digital economy grows 10 times, races towards $1 trillion mark Bengaluru, March 7 (IANS) India’s digital economy has grown 10 times, racing towards the $1 trillion mark amid an evolving IPO market which accounted for over 30 per cent of global listings last year, a report showed on Friday. India contributed 31 per cent …
Women participation in India’s semiconductor sector to reach 35 pc by 2030 New Delhi, March 7 (IANS) Women representation in the semiconductor sector in India is projected to rise from 25 per cent in 2025 to 35 per cent by 2030, a report showed on Friday. Women currently comprise a fourth of India’s 220,000-strong chip …
India’s real estate landscape underwent a notable transformation in 2024, with a striking shift toward newly launched residential projects. According to Anarock, 42% of the 4.6 lakh homes sold across the top 7 cities were from new launches, marking a sharp increase from just 26% in 2019. This trend reveals a clear preference among buyers …
Mumbai, March 7 (IANS) Chief Minister Devendra Fadnavis, on Friday, said Maharashtra has received the decades’ highest annual foreign direct investment (FDI) in just nine months of the fiscal year 2024-25. A total of Rs 1,39,434 crore has been received in the first nine months of the financial year 2024-2025, said the Chief Minister, quoting …
Bengaluru, March 7 (IANS) The Indian tech startup ecosystem now ranks second, after the US, in terms of all-time funding raised by companies with women founders, with a total of $26 billion in this space to date, a report showed on Friday. India is home to over 7,000 active women-led startups, accounting for 7.5 per …
Madhya Pradesh: 16th Finance Commission likely to focus on CAG recommendations Bhopal, March 5 (IANS) Despite slim chances, the Madhya Pradesh harbours aspirations for increased funds particularly for its ailing local bodies, some improvements are expected in accounting system in state’s ailing local bodies as visiting 16th Finance Commission is likely to focus on certain …
The dollar dropped to a 3-month low amid concerns about the negative effects of US tariffs on the economy, with the losses being particularly significant against the euro. The Bloomberg Dollar Spot Index fell by as much as 0.6% on Wednesday, reaching its lowest point since December 9. The euro stood out as one of …
ICRA, a rating agency, stated on March 5, 2025, that raising the deposit insurance limit could reduce banks’ net profits by up to ₹12,000 crore annually. This would result in a potential dip of up to 4 basis points (bps) in the return on assets (RoA) and up to 40 bps in the return on …
The Indian housing finance market, currently valued at ~₹33 trillion, is expected to expand at a compound annual growth rate (CAGR) of 15-16% between FY25 and FY30, reaching ₹77-81 trillion. According to CareEdge Ratings, this growth will be driven by robust structural factors and government incentives, making housing finance an attractive asset class for lenders. …
