Business News - Page 15

5 factors pulling the Indian rupee down to record low: Trump, trade & more

The Indian rupee has come under immense pressure and touch a historic low of 85.81 against the US dollar on Friday. Find out five big factors that are weighing on the INR

Modi govt’s 2025 budget likely to slash personal income tax, says report

The potential tax relief is expected to benefit tens of millions of taxpayers, particularly urban residents facing high living costs. A final decision is expected closer to the budget announcement on February 1

2024 year-end review: How legal precedents and IBC reforms reshaped India's financial system

In 2024, legal precedents and IBC reforms transformed India's financial system enhancing asset recovery and streamlining distressed business resolutions

Bloodbath in Indian stock market: Sensex loses over 1500 from day's high, Nifty cracks 360 points

This week’s market slump eroded Rs 18.5 lakh crore ($223 billion) in investor wealth. The downturn has been attributed to risk aversion in the global markets after the hawkish stance of the US Federal Reserve

England, Japan hold interest rates steady even as US, Europe cut back: What explains the differences?

After aggressive rate hikes in 2022 and early 2023 to combat surging inflation fueled by energy and food costs, central banks are increasingly turning their attention to rate cuts to support growth

Modi govt’s PLI schemes helping India make high-value drug as investors see profit

Aurobindo Pharma, Cipla, Dr. Reddy’s Laboratories, Glenmark, and Sun Pharma are among the top beneficiaries of the schemes, receiving incentives ranging from Rs 150 crore to Rs 330 crore

New Zealand sinks into recession, 5 things to know about its economic decline

Widespread weakness across sectors, declining household and government spending, and a shrinking GDP per capita have created difficulties for New Zealand. The downturn pressures policymakers to cut rates further amid hopes of a gradual recovery

Vijay Mallya says 'entitled to relief' after FM tells parl Rs 14,000 cr recovered

Vijay Mallya claimed that the Indian banks have recovered more than double the amount owed in the Kingfisher Airlines case and said despite that he is labelled as 'economic offender'. The fugitive businessman also said that he is 'entitled to relief' after Finance Minister Nirmala Sitharaman told the Parliament that PSUs have recovered Rs 14,131.60 crore from sale of assets belonging to him

Why did the Indian stock market crash after the US Fed's rate cut?

The Indian stock market nosedived as the Sensex tumbled over 1,100 points and the rupee hit a record low of 85.3 against the US dollar. This sharp sell-off was triggered by the US Federal Reserve's hawkish rate cut, signalling fewer reductions in 2025 and fuelling global economic uncertainty

Wall Street witnesses a sharp fall after US federal reserve signals lower cuts in 2025

Wall Street witnessed a major drop after the Federal Reserve announced final cuts before US President-elect Donald Trump comes to power. However, the American central bank warned that there will be fewer cuts in 2025

How small arms production advances India’s defence ecosystem

India’s defence sector is growing with small arms production playing a key role in securing borders and boosting its global standing

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic

A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Now, the industry is facing a harsh reality, according to a report

Bitcoin sailing high in ‘blue sky territory’, goes past $106,000: 5 factors powering crypto’s flight

Bitcoin surged to a record high above $106,000 on Monday. The cryptocurrency rose more than 50 per cent since Donald Trump's win in the November 5 election and is up 192 per cent for the year. Read more to find the reason for the new spike

From framework to functionality: Can CLRP help mitigate corporate distress?

IBBI has proposed a Creditor-Led Resolution Process, or CLRP, as a new approach to address challenges in corporate insolvency

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high

These positive developments come as India grapples with a seven-quarter low in real GDP growth, which fell to 5.4 per cent in the July-September period, down from 6.7 per cent in the previous quarter

Corporate profit record high, salaries stagnant: Ficci report says mismatch impeding India’s GDP growth

A recent survey by Ficci and Quess Corp Ltd has reported the private sector profit at a 15-year high but found the growth in salaries has been meagre or negative. The report is being discussed by the government

Rupee hits lifetime low before RBI intervened to stop further decline

The Indian rupee weakened to a low of 84.88 to the US dollar, down 0.04 per cent on the day. The currency was quoted at 84.8750

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy

China is considering allowing its currency yuan to weaken in 2025 as the country braces for higher US trade tariffs as Donald Trump returns to the White House on January 20, 2025

US inflation rose for second straight month: What are the challenges for Trump now?

President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign. However, the recent uptick in inflation suggests the road ahead may be more complex than anticipated

Is the world dumping fine and rare whisky? Whisky Intelligence reports sharp business slump in 2024

According to latest Noble & Co Whisky Intelligence Report, the whisky market is experiencing an extremely sharp downturn, with auction values and transaction volumes plummeting to new lows

Sanjay Malhotra takes charge as India’s central bank chief amid rate cut speculation

Sanjay Malhotra took charge as the 26th Governor of Reserve Bank of India (RBI). He assumes the crucial post at a very critical juncture, where growth and inflation balance has 'unsettled' as per his predecessor Shaktikanta Das

Why Shaktikanta Das was rated among world’s top central bankers, 6 big feats in 6 years

Shaktikanta Das’s tenure as RBI governor ended today. As he bid adieu to the most challenging role, we took a look at some of his big decisions that helped the Indian economy to perform better despite hurdles

3 big challenges Sanjay Malhotra will face as RBI governor

Revenue Secretary Sanjay Malhotra is all set to succeed Shaktikanta Das as the Reserve Bank of India (RBI) governor. As Malhotra begins his three-year tenure begins tomorrow, a look at three big challenges that he will face as India’s central bank head

TikTok facing US ban after losing appeal agains Biden govt's law requiring ByteDance divestment

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