Economy

Seoul: The South Korean government plans to inject 3 trillion won ($2 billion) in emergency aid into the local car industry to cushion the blow from new 25 percent US tariffs, officials said on Sunday. The new tariffs, enacted last week by U.S. President Donald Trump, are part of a broader protectionist push to reduce

Mumbai:  The equity market outlook for the next week will be guided by several domestic and international factors, such as RBI MPC, India’s CPI (March), industrial production data, any update on US reciprocal tariff and other global economic data. On the domestic level, the RBI Monetary Policy Committee (RBI MPC) decision announcement is scheduled for

New Delhi: India;s exports to the US constitute only 4 per cent of its GDP so the direct impact of the 27 per cent hike in tariffs on Indian goods announced by President Donald Trump will have only a “limited” impact, according to an SBI Research report released on Friday. At the same time, the

Mumbai:  Indian frontline indices opened in the red on Friday following global sell-off in the equity markets in reaction to the reciprocal tariffs announced by US President Donald Trump. At 9:23 am, Sensex was down 544 points or 0.71 per cent at 75,750 and Nifty was down 194 points or 0.82 per cent at 23,059.

Mumbai: Indian equity indices opened lower on Thursday following a sharp sell-off in global markets after the US President Donald Trump announcement of reciprocal tariffs. At around 9:20 am, Sensex was down 470 points or 0.61 per cent at 76,197, and Nifty was down 105 points or 0.45 per cent, at 23,227. In early trading

New Delhi: As US President Donald Trump announced reciprocal tariffs on dozens of countries, including India, industry experts said on Thursday that it appears India’s export competitiveness to the US market stands far less impacted on a relative basis compared to global peers. Tariffs unveiled by Trump would bring a major realignment in global trade

New Delhi:  The performance of Indian rupee in FY25, when compared with other global currencies, was relatively stable, with a stronger dollar weighing on all major currency pairs, a report showed on Wednesday. However, towards the end of the year, a reversal in dollar strength and FPI inflows into debt supported a rally in rupee,

New Delhi: The Unified Payments Interface (UPI) transactions soared by 42 per cent year-on-year (YoY) in the second half of 2024, totalling a remarkable 93.23 billion transactions, a new report said on Wednesday. India’s digital payments ecosystem continues to experience rapid growth, with significant milestones reached in the second half last year, according to a

Mumbai:  President Droupadi Murmu on Tuesday lauded the Reserve Bank for its key role in making India a global leader in digital payments with innovations like UPI revolutionising financial access. Addressing the closing ceremony of the commemoration of the RBI’s 90th year, the President said, “By continuously modernising the country’s payment infrastructure, the Reserve Bank

New Delhi: Finance Minister Nirmala Sitharaman will launch the ‘NITI NCAER States Economic Forum’ portal on Tuesday. The portal, developed by NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER), is a comprehensive repository of data on social, economic and fiscal parameters, research reports, papers, and expert commentary on State Finances