Economy

New Delhi: Hyundai Motor India Limited (HMIL) on Wednesday announced the appointment of Tarun Garg as its new Managing Director and Chief Executive Officer (MD & CEO), effective January 1, 2026. Garg, who is currently serving as the company’s Chief Operating Officer (COO), will be the first Indian to lead Hyundai Motor India since the

Mumbai: Gold prices surged to a new record high on Wednesday, crossing Rs 1.27 lakh per 10 grams on the Multi-Commodity Exchange (MCX). The rise came as global gold prices rallied on renewed US-China trade tensions and growing expectations of further interest rate cuts by the US Federal Reserve. At the opening, MCX gold futures

New Delhi:  At least 1.2 crore houses have been sanctioned under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) and PMAY-U 2.0 (till August 25), and the scheme is acting as a change agent with it becoming a catalyst for enhanced discretionary and even non-discretionary spending with a demonstrated wealth effect, financial stability and well-being, an SBI

New Delhi:  India’s merchandise exports in September rose 6.75 per cent to $36.38 billion compared to the same month of the previous year, despite the punitive tariffs imposed by the US, according to data released by the Commerce Ministry on Wednesday. The exports in September were also higher on a month-on-month basis than the corresponding

Mumbai:  The Indian rupee registered its sharpest single-day rise in nearly four months on Wednesday, rebounding from near record lows amid likely intervention by the Reserve Bank of India (RBI) and renewed optimism over the India-US trade negotiations. The domestic currency climbed as much as 0.9 per cent to 87.9987 against the US dollar during

New Delhi: NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Tuesday said that it has signed a Memorandum of Understanding (MoU) with NTT DATA Japan, making a significant step towards Unified Payments Interface (UPI) acceptance in the Japanese market to enhance payment experience for Indian tourists.

New Delhi: India’s annual rate of inflation based on the Wholesale Price Index (WPI) eased to 0.13 per cent in September from 0.52 per cent in August , according to figures released by the Ministry of Commerce and Industry on Tuesday. The prices of food items declined by (-)1.38 per cent during the month due

New Delhi:  The wait-and-watch policy of the RBI on the monetary policy is prudent, a report said on Tuesday, adding that the bank’s dovish tone suggests further easing, but a December rate cut is not “a done deal”. While any further rate cut by the RBI will depend on growth conditions, the depth of further

Mumbai: The Reserve Bank of India (RBI) may cut policy rates by 25 basis points in December, bringing the repo rate down to 5.25 per cent, if the 50 per cent import tariff remains in place until the end of the year, a new report said on Tuesday. The data compiled by HSBC also suggested

New Delhi: India’s inflationary print is likely to come around 0.45 per cent next month and that makes a strong case for decisive actions, according to a new State Bank of India (SBI) report, which stated that being the collective voice of myriad sections of markets and people at large, “we believe the RBI MPC