Indian economy, markets and business news
The United States reported an unexpected reduction of 23,000 jobs in its latest employment data, marking a sharp change from months of steady hiring. The fall in payrolls has implications beyond the US labour market: it can influence US demand for Indian goods and services, financial flows, and how investors view Indian assets. What the ... Voir l'article
Read more →The Indian rupee weakened to 95.28 against the US dollar on Monday, extending recent volatility as global oil prices and US Treasury yields stayed elevated. The move adds to cost pressures for an economy that imports most of its crude oil and borrows in global capital markets. What happened and why it matters India’s currency ... Voir l'article
Read more →The Indian government has rejected circulating social media claims that ethanol is being mixed into aviation turbine fuel (ATF). Officials say the reports are “completely false” and have no basis in policy or practice. What the government said and why it matters The petroleum ministry and associated agencies moved quickly to refute a viral message ... Voir l'article
Read more →The recent consolidation of India’s labour laws into new central “Labour Codes” keeps childcare provisions on the statutory map, with obligations for employers and entitlements for workers. For international readers, these rules affect companies operating in India and the broader question of women’s participation in the Indian workforce. What the codes say — the legal ... Voir l'article
Read more →Gold prices in India climbed to their strongest level in seven weeks on Monday, driven in part by a rise in crude oil prices and renewed interest from investors seeking protection against inflation and market uncertainty. The move matters to foreign readers because shifts in Indian gold demand affect global bullion flows, jewellery markets and ... Voir l'article
Read more →India’s currency closed at its strongest level in about a month after a central bank decision to maintain its key policy rate, a response that traders said did not unsettle the market. Falling global crude oil prices also eased pressure on the rupee by reducing the near-term import bill for the country’s energy purchases. What ... Voir l'article
Read more →Tewolde Gebremariam, the former long-time chief executive of Ethiopian Airlines, has been named CEO of Air India. His appointment brings to India’s flagship carrier a manager known for building an African aviation group from modest roots into a major regional and long-haul operator. Who is Tewolde Gebremariam? Tewolde Gebremariam is an aviation executive with decades ... Voir l'article
Read more →India’s central bank governor has acknowledged that the costs of instant retail payments need to be borne by someone, after renewing discussion about a possible merchant discount rate (MDR) for high-value Unified Payments Interface (UPI) transactions. The debate affects banks, fintech firms and merchants—and could alter the economics of the payments system that helped India ... Voir l'article
Read more →The Enforcement Directorate (ED) has taken control of assets valued at more than Rs 35,000 crore in connection with cases where 54 people accused of bank fraud are reported to have left India. The development highlights ongoing challenges in recovering money from large financial frauds and the broader implications for India’s banking sector and foreign ... Voir l'article
Read more →Two headline stock indices that long moved in near lockstep in India — the Nifty 50 and the BSE Sensex — have shown moments of divergence this year. The stock exchanges’ recent operational changes, including a timed closing auction and revised trading hours, are part of the explanation and matter to foreign investors who track ... Voir l'article
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